The global market for carbon black will grow moderately

According to the research report, it is expected that the furnace carbon black will show a high speed growth during the forecast period from 2017 to 2021. This product category dominates, accounting for almost 80% of total carbon black production. Furnace carbon black is produced by the oil furnace process, and its particle size ranges from 11 to 500 nanometers. It is widely used in many fields from rubber reinforcement to coloring. The growth in furnace black carbon consumption is driven by rising demand from the automotive and tire industries.

It is expected that during this period, carbon black will record a high growth rate in the tire application market. As the tire industry's demand for reinforcing fillers increases, this application market will continue to grow. The use of carbon black as a reinforcing agent is very important. It can greatly extend the service life of the tire by dissipating the heat generated by the tire tread and the belt zone. Not only that, but the special carbon black can also improve the tire's various properties, such as maneuverability, fuel mileage, tread wear resistance and hysteresis, so that the overall performance of the tire is significantly improved.

The report estimates that the Asia-Pacific region is the fastest growing carbon black market. This high-speed growth is due to the availability of raw materials for carbon black production in the region. China will become the fastest growing market for carbon black in the Asia-Pacific region, followed by India and Indonesia. China has a major share of the carbon black market in the Asia Pacific region. The booming tire and rubber industry is driving the growth of the carbon black market in the region.