Lar­gest players

The glo­bal car­bon black mar­ket is a con­so­li­da­ted mar­ket, whe­re the three lar­gest play­ers in the mar­ket - Bir­la Car­bon (approx. 2,1 Mio. Ton­nes), Cabot Cor­po­ra­ti­on (approx. 2,2 Mio. Ton­nes) & Ori­on Engi­nee­red Car­bons (approx. 1,2 Mio. Ton­nes) con­tri­bu­te to rough­ly 50% of the mar­ket share.

Mar­ket forecast

In terms of reve­nue, the glo­bal car­bon black mar­ket is pro­jec­ted to expand at a CAGR of 4.4% till 2026. Major fac­tors are gro­wing appli­ca­ti­ons in fiber and tex­ti­le industries.

Tires and indus­tri­al rub­ber pro­ducts appli­ca­ti­ons domi­na­ted the mar­ket and are expec­ted to grow during the next few years. 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.

Impact of COVID-19 on the Car­bon Black industry

Many count­ries and regi­ons are con­ti­nuous­ly under the thre­at of COVID 19. The Car­bon black indus­try has also been impac­ted on both the raw mate­ri­al sup­p­ly chains as well as the demand side.

In the light of COVID 19 pan­de­mic, the car­bon black manu­fac­tu­r­ers must think dif­fer­ent­ly. The manu­fac­tu­ring com­pa­nies should take care of their grea­test resour­ce i.e. human resour­ce. Com­pa­nies have to make sure that strin­gent safe­ty norms, trans­pa­rent com­mu­ni­ca­ti­on, health care faci­li­ties are given.

Play­ers in the glo­bal car­bon black mar­ket are high­ly com­pe­ti­ti­ve, with all key play­ers inves­t­ing hea­vi­ly in R&D acti­vi­ties to impro­ve the qua­li­ty of their products.

Addi­tiona­ly com­pa­nies should moni­tor the vola­ti­le chan­ging demands, pri­ces and com­pe­ti­ti­ve strategie.These mea­su­res will help them to be one step ahead of the competition.

Pen­ta­Car­bon GmbH is loo­king for­ward exten­ding suc­cessful part­ner­ships with its’ cus­to­mers, with a main focus on pro­duct- and ser­vice improvement.

Sources:
Transparancy Market Research (TMR)
CBS Carbon Black Sales
Mordorintellegence
Datamintelligence
Marketresearchfuture

 

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