In addition, this process is used to produce color pigments in cosmetics and increase use of it is expected to further boost the market growth. Surge in use of furnace black process for rubber reinforcement is expected to drive the growth of the market. The furnace black segment was the highest contributor to the market. By process, it is classified as furnace black, channel, acetylene black, and lampblack. The global carbon black market is segmented into basis of process, grade, application, and region. There are several advantages to diminish dark carbon discharges for air quality, human wellbeing, and the atmosphere however, in many countries, such as China, the regulations against pollutants have not yet implemented. These government regulations are impacting carbon black market trends. Few of the countries have established regulations such as the U.S., however, few of the countries have not yet implemented any regulation to prevent or control air pollutants.
The manufacturing process of carbon black releases harmful air pollutants. Conversely, increase in demand for carbon black due to its UV protection and conductive properties in plastics is expected to create new opportunities for the growth of the market. However, fluctuations in raw material prices, increase in use of silica as substitute, and environmental concerns associated with the manufacturing of carbon black are expected to restrain the growth of the market in upcoming years. In addition, it has physical properties such as color stability, solvent resistance, thermal stability, owing to which it is widely used in paint and coating industries. Get more information on this report : Request Sample Pagesįactors that drive the growth of the carbon black market are surge in demand for carbon black from tire and construction & manufacturing industries, where it is used to provide strength to industrial rubber compounds and other equipment. It serves as a cost-effective rubber reinforcing agent used in tires. Moreover, it is used in the production of a wide range of rubber products and pigments. It can absorb UV light and converts it into heat, hence, finds its major application in also used in insulating wires and cables. Carbon black is essentially used in manufacturing tires, plastics, mechanical rubber goods, printing inks, and toners. The global carbon black market was valued at $17.5 billion in 2018, and is projected to reach $23.0 billion by 2026, growing at a CAGR of 3.5% from 2019 to 2026.Ĭarbon black is a form of para crystalline carbon, which contains 95% of pure carbon and enhances the physical and mechanical properties of material, making the end product more effective.
0 kommentar(er)
