Speciality C black market to grow at 5 percent until 2018 - TechSci
ERJ staff report (BC)
Peterborough, UK – The global market for speciality carbon black is expected to grow at the CAGR of over 5 percent during 2013-2018, in terms of volume, according to a d report by TechSci Research ‘Global Specialty Carbon Black Market Forecast & Opportunities, 2018.’
According to the report, the major share of the market is held by Cabot Corporation. It adds that the global market for speciality carbon black is highly consolidated, and is dominated by four players, the others being Orion Engineered Carbons, Birla Carbon and Continental Carbon.
However, it is expected that manufacturers of carbon black will increase their focus on speciality carbon black during the forecasted period.
Speciality grades have diversified the market for carbon blacks, says the report, by extending its usage in inks, plastics and coatings. Speciality carbon blacks are found to constitute a 9 percent share in global carbon black market while the rest of the market is held by rubber and commodity carbon blacks. In 2011, the global market for carbon blacks witnessed an overproduction of commodity blacks. The total production of commodity carbon black stood at 14.3m tonnes, while consumption is reported as accounting for just 73 percent of the total production.
Karan Chechi, research director with TechSci Research, said: “The growth of digitisation and digital printing have influenced the market for ink-jet printing inks, which require speciality carbon black for printers to perform to specification. Special blacks are also integral to thermoplastic elastomers and electrostatic dissipation applications. These products are expected to provide further drivers for the market.”
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Further details from TechSci Research