Elettronica
Increasing Sales of Consumer Electronic Products Generates Prominent Expansion Avenues in Specialty Carbon Black Market: TMR
ALBANY, N.Y. , Dec. 1, 2020 /PRNewswire/ -- Specialty carbon black is gaining traction across various end-use industries owing to a wide range of properties it possesses. This chemical is known for offering ultraviolet (UV) protection and conductivity in plastics. Apart from this, specialty carbon blacks are widely used owing to their ability to improve the aesthetic appeal of different products. Owing to all these features of the chemical, the global specialty carbon black market is estimated to gather prominent demand opportunities during forecast period of 2019 to 2027.
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Chemicals and Materials
Pigments Market - The pigments market is highly influenced by strict government monitoring and health-related regulations. These hamper the pigments market. Pigments contain heavy metals, which makes them pose a threat for human health and the environment. Growth of the pigments market, especially the inorganic segment, can be hampered by environmental effects and toxicity associated with heavy metals used in metal oxides, mixed metal oxides, and metallic pigments. Heavy metals include lead, chromium, cadmium, and mercury. Human exposure to these metals can cause cancer or liver diseases. Disposal of heavy metals during the pigment production leads to pollution. Prolonged exposure of skilled labor to heavy metals can cause severe occupational hazards.
Carbon Black Market - In terms of revenue, the global carbon black market is projected to expand at a CAGR of 4.4% from 2018 to 2026, according to a new research report titled 'Carbon Black Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026' published by Transparency Market Research (TMR). According to the report, in terms of volume, the global carbon black market is expected to reach 18,898.4 kilo tons by 2026. The market is driven by rise in the demand for carbon black from automotive and rubber industries. The carbon black market in Asia Pacific is estimated to expand at a CAGR of 5.1% during the forecast period, owing to presence of a large number of manufacturers of carbon black in the region. Among grades, the reinforced grade segment held a major share of the global carbon black market in 2017. However, the specialty grade segment is expected to expand significantly from 2017 to 2026. This trend is projected to continue throughout the forecast period.
Inorganic Pigments Market - A new report published in the Transparency Market Research (TMR) States that the competitive landscape of the global market for inorganic pigment demonstrate highly fragmented structure of this market, thanks to large and small scale industries participants. The Key players are mainly focused toward the development of the product and improvement in product pricing and brand promotion. The market players are adopting certain strategies to produce new product to strengthen the growth of the global inorganic pigment market. Some of the prominent players operating in the global inorganic pigments market includes TRONOX Limited, The Chemours Chemical Company, Huntsman Corporation and CRISTAL. The top four players are accounting for maximum share for the overall growth of this market on account of production potential.
Conductive Carbon Black Market - Based on application, the global conductive carbon black market can be classified into plastics, battery, electrodes, paints & coatings, rubber, etc. Conductive carbon black is considered as a pure elemental form of carbon and is one of the top 50 industrial chemicals manufactured globally. Carbon black finds major share as a reinforcing agent in rubber. Conductive carbon black is majorly used in applications for enhancing the physical properties of polymers in order to increase their durability, tensile strength, and resistance to abrasion, friction, and corrosion.
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