China’s tire production and sales volume recorded the continuous drops in the past 2-3 years, owing to the negative trends in local automotive industry. This challenging scenario is expected to continue in the short-term future.China to Dominate the Market in Asia-Pacific Region- China contributes nearly 43 % of the global carbon black production, with a volume of almost 5.7 million tons. Also, the plastics industry in China is the world’s largest, accounting for nearly 30% of the global production.- Such increasing demand from various end-user in the country is, in turn, boosting the demand for the market studied.- The COVID-19 has presented a problematic situation for carbon black in the country. However, the condition is better now, which concreted the probability of market recovery over the forecast period.Competitive LandscapeThe global carbon black market is a consolidated market, where the top seven players contribute to about 53% of the market share. The global carbon black market is a consolidated market, where the top seven players contribute to about 53% of the market share. Carbon Black Market Outlook - 2026. The major companies for the carbon black market include Cabot Corporation, Orion Engineered Carbons, Jiangxi Black Cat Carbon Black Co. Ltd, Tokai Carbon Co. Ltd, China Synthetic Rubber Corporation, Phillips Carbon Black Ltd, etc.Reasons to Purchase this report:- The market estimate (ME) sheet in Excel format- 3 months of analyst supportRead the full report: https://www.reportlinker.com/p05778219/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. The primary carbon black feedstock is coal tar and other carbon black feedstocks include slurry oil & ethylene tar.- Carbon black prices in China have surged in the recent past, due to a supply shortage amid massive plant shutdowns caused by the Chinese government’s intensifying environmental protection campaign.- The top local manufacturers of carbon black include Jiangxi Black Cat, Longxing Chemicals, Shanxi Yongdong Chemicals, Shanxi Anlun Chemicals, Liaobin Carbon Black, Shanxi Sanqiang New Energy Technology Co. Ltd, Suzhou Baohua Carbon Black, Shandong Jinneng Technology, Shandong NST Carbon Black, Yunan Yunwei Feihu Chemicals, Qujin Zongyi Chemicals, and Shandong Best Chemicals.- The tire production in the country has a deep impact on the carbon black market as it is the largest demand puller.- The tire production in the country has a deep impact on the carbon black market as it is the largest demand puller. The global carbon black market size was estimated at USD 17.22 billion in 2018 and is projected to expand at a CAGR of 6.0% from 2019 to 2025. Rising product usage in the production of plastics is anticipated to drive the global market over the forecast period It is used in various formulations with different rubber types to customize the performance properties of tires.- Global tire production in 2019 is estimated to reach 255 million units, which is a 5% increase from 2018 (where it posted growth of 6% from 2017). The global carbon black market is a consolidated market, where the top seven players contribute to about 53% of the market share. It is used in various formulations with different rubber types to customize the performance properties of tires. Carbon black is one of the reinforces that frequently used in tire industry owing to its effect on mechanical and dynamic properties of tires. It is used in various formulations with different rubber types to customize the performance properties of tires.- Growth in the adoption of electric cars and self-driving cars is likely to act as an opportunity in the future.- Asia-Pacific dominated the market across the globe with the largest consumption from the countries such as China and India.Key Market TrendsIncreasing Application for Tires and Industrial Rubber Products- The tires and industrial rubber products application is the largest application segment of the carbon black market with more than 80% of the market share.- Carbon black is used in the tires of automotive vehicles.
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