Published on Thursday, October 10, 2013
Worldwide Carbon Black Market Over 12 Million Metric Tons by 2015
Tires and rubber products represent the major end-use applications, accounting for about 90% of the global carbon black market, as stated by Global Industry Analysts, Inc. Developing economies in Asia Pacific, Middle East/Africa, and Latin America emerge as the largest and the most lucrative markets in the upcoming years.
Asia-Pacific represents the largest market for carbon black in the world, with a strong 37% share. Consumption of carbon black in tires is expected to grow at a compounded annual rate of 3.6% during 2001-2010. The U.S. market for carbon black is estimated at 1.6 million metric tons.
The virgin carbon black industry is likely under increased pressure from governments and environmental groups, as this product is a significant greenhouse gas emitter. Demand for carbon black in paints, coatings, and inks is expected to show an increase over the next five years.
Silica and other silanes are expected to offer a serious challenge to carbon black in the future. Due to their better performance and environmental friendliness, they are fast emerging as major substitutes for carbon black, reducing tire rolling resistance and improving fuel efficiency.