New York, NY -- (SBWire) -- 06/11/2019 --The latest report on the Carbon black market closely surveys, examines and offers vital statistics on the Carbon black market for the forecast period 2019 - 2030. Importantly, subject matter experts have taken into account every critical aspect right from the market size, share, and growth to the dramatic shift in the consumer behaviour and their growing spending capacity. The industry assessment study depicts a perfectly clear picture of both the past and the future trends to offer the stakeholders, business owners, and marketing executives an opportunity to zero in on an effective marketing strategy and boost sales..
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Market Industry Reports (MIR) has published a new report titled "Carbon Black Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global carbon black market was valued at over US$ 14.0 Mn in 2018 and is anticipated to grow at a substantial CAGR during the forecast period of 2019-2030.
The study further features an aggressive scenario in the Carbon black market with its focus on recent product launches, mergers and acquisitions, new entrants and growing investment pockets. Comprehensively, the market intelligence report weighs up on the recent happenings in the Carbon black market including technology innovation, opportunities and threats to help prominent vendors invest wisely and explore new geography.
Key Players
Technological advancement, production capacity enhancement, and joint agreements are the major strategies adopted by the players present in this market. Orion Engineered Carbon, Birla Carbon, Jiangxi Black Cat Carbon Black Co. Ltd, and Birla Carbon are the key players present in this market. Phillips Carbon Black Ltd, Evonik, China Synthetic Rubber Corporation and Nippon are other key players present in this market.
Asia Pacific Region Offers Huge Market Potential
In 2018, Asia Pacific accounted for the major share of the market pie. It is projected to maintain its dominance throughout the forecast period. India and China are the driving force behind the growing Asia Pacific carbon black market. The market is witnessing growth owing to rapid industrialization, urbanization, growing automotive industry and infrastructural development. Furthermore, owing to low labor cost and favorable government policies, the major companies are shifting their tire manufacturing base in emerging economies such India, Vietnam and China. Moreover, rising foreign investments is another factor spurring the market growth.
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Key Points of Table Of Content
- INTRODUCTION
- RESEARCH METHODOLOGY
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESMENT
- UNIQUE SELLING PROPOSITIONS (USPs)
- MARKET, BY THERAPY
- MARKET, BY TYPE
- MARKET, BY END USER
- MARKET - ANALYSIS & FORECAST, BY REGION
- COMPETETIVE LANDSCAPE
- COMPANY PROFILES
Volatility in the Prices of Raw Materials
Volatility in the prices of raw materials is the major factor hampering the market growth. Aromatics oil is used as a major feedstock's in the production of carbon black which is a derivative of petrochemicals. Therefore, any fluctuation in the prices of raw material will directly impact the pricing of the final product. Owing to imbalance in supply and demand of crude oil the prices are fluctuating. This in turn is hampering the growth of the carbon black market.
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Carbon Black Market Growth, Opportunities and Forecast Till 2030
This market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry.