Market Overview:
Carbon black is pure elemental carbon which is in the fine or aggregate particles that are made by incomplete combustion or decomposition of hydrocarbons under controlled temperature and pressure. Furnace black, thermal black, acetylene black, and gas black are some essential kinds of carbon black. Furnace black is usually produced with the assistance of heavy aromatic oils as feedstock. Carbon black is employed in an extensive range of materials in order to enhance their performance on the basis of physical, electric, and optical properties. The Asia Pacific carbon black market is estimated to rise at a CAGR of around 4.23% from 2019 to 2024.

Market drivers and restraints:
The increasing call from the tire industries for carbon black is the major driving factor for the expansion of the Asia Pacific market. The fact that carbon black is employed for enhancing longevity and for strengthening the tires is the reason for the escalated call from automotive vehicle tire market.

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Report segmented as:

By type:
• Acetylene
• Furnace
• Channel
• Thermal
• Others

By pigment source:
• Ivory black
• Vine black
• Lamp black

By application:
• Tyres
• Non-tyre rubber
• Inks and coatings
• Plastic
• Others

By grade:
• Standard grade
• Specialty grade

Geographical analysis:
On the basis of region, the Asia Pacific carbon black market is segregated into China, India, Japan, South Korea, ASEAN countries and Rest of Asia Pacific region. China is dominating the regional market on the basis of both value and volume.

Important market players:
The key companies operating in the carbon black market are Cabot Corporation, Thai Carbon Black Public Company Limited, Orion Engineered Carbons SA (Luxembourg), Jiangxi Black Cat Carbon Black Inc., Ltd. (China), China Synthetic Rubber Corporation (China), Phillips Carbon Black Limited (India), Tokai Carbon Co., Ltd. (Japan), Sid Richardson Carbon & Energy Co., Omsk Carbon Group OOO, OCI Company Ltd., and Mitsubishi Chemical Corporation (Japan).

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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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