United States Carbon Black Market to Grow with a CAGR of 5.47% through 2028
Initiatives taken by the government to support the
production of carbon black are the major drivers for the United States Carbon
Black Market.
According to TechSci Research report, “United
States Carbon Black Market –Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2018-2028”, the United
States Carbon Black Market stood at USD 3.42 Billion in 2022 and is
anticipated to project robust growth in the forecast period with a CAGR of 5.47%
through 2028. This can be ascribed to collaborations and partnerships among
leading companies with a diverse approach to merge the expertise of individual
companies and to strengthen their position in the market.
Carbon black is widely recognized for its
exceptional pigmenting and color-enhancing properties. Within the textile
industry, it plays a crucial role in achieving deeper and richer colors that
exhibit high resistance to fading. Fabrics treated with carbon black showcase
enhanced color stability, ensuring the longevity of vibrant hues even after
repeated washes and prolonged exposure to sunlight. This characteristic is
particularly vital for outdoor fabrics, sportswear, and upholstery, where
colorfastness is highly desired. Textiles infused with carbon black also
acquire superior UV protection and heat resistance properties. Its inherent
ability to absorb and dissipate UV radiation makes it an ideal choice for
applications such as sun-protective clothing, outdoor gear, and automotive
upholstery. By shielding wearers from harmful UV rays, carbon black-enhanced
textiles contribute to consumer well-being and safety. The advent of wearable
technology has given rise to the concept of conductive textiles. These
innovative fabrics incorporate electrical conductivity for various purposes,
including touch-sensitive surfaces, flexible circuits, and even health
monitoring. Carbon black's unique electrical properties make it an effective
conductive additive when integrated into textiles, enabling the development of
smart clothing and interactive textiles that respond to touch and movement.
In
industries where static electricity poses challenges, such as electronics and
cleanroom environments, the use of antistatic textiles is of utmost importance.
Carbon black, with its ability to disperse static charges, is extensively
utilized in the production of antistatic fabrics. These textiles find
applications in cleanrooms, healthcare facilities, and electronics
manufacturing, where preventing static buildup is crucial for maintaining
operational efficiency and ensuring product quality. Furthermore, carbon
black's remarkable reinforcing properties extend to textiles, where it enhances
tear resistance and tensile strength. When incorporated into fibers and
fabrics, carbon black particles significantly contribute to the durability and
longevity of textile products. This advantage proves particularly valuable for
industrial fabrics, geotextiles, and heavy-duty bags that require exceptional
robustness in demanding environments. The proactive measures implemented by the
government to promote carbon black production have played a pivotal role in
shaping the market landscape and stimulating economic development. Government
agencies have acknowledged the significance of research and development
(R&D) in driving innovation within the carbon black industry.
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Funding initiatives aimed at promoting R&D
activities in this field have enabled companies to explore novel production
techniques, enhance product quality, and improve the sustainability of carbon
black manufacturing processes. This support not only benefits the companies
involved but also contributes to the overall market growth. As the demand for
carbon black continues to expand due to its versatile applications,
collaborative initiatives are proving to be indispensable in fostering
innovation, addressing challenges, and unlocking new avenues for development. A
recent collaboration in the US involving Goodyear Tire & Rubber Company and
Monolith exemplifies how companies are working together to leverage sustainable
materials in tire manufacturing, as they have partnered to introduce a tire
that utilizes carbon black produced through methane pyrolysis, an innovative
process. This collaboration serves as a testament to the joint efforts in
utilizing sustainable materials in the industry.However, fluctuations in prices of raw materials
and disruption in supply chain are expected to slow down the growth of the
market in the coming years.The United States Carbon Black Market segmentation
is based on Process Type, Application, By Company, and Region.
Some of the major companies operating in the United
States Carbon Black Market include:
- Cabot Corporation
- Continental Carbon Company, Inc.
- Bridgestone Corporation
- Columbian Chemicals Co.
- Sid Richardson Carbon & Energy Co.
- Phillips Carbon Black Ltd.
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“Certain regions, particularly the Midwest, are
projected to exert significant demand for Carbon black in United States. The
growth in the competitive landscape and the presence of well-established
companies in the market, committed to enhancing their carbon black productivity
each year, are expected to contribute to a remarkable growth of the United
States Carbon Black Market in the forecast period," said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based Global management
consulting firm.
United
States Carbon Black Market Segmented By Process Type (Furnace Black, Gas Black,
Lamp Black, Thermal Black), By Application (Tires, Plastics, Toners, Coatings,
Textile Fibers, Others), By Region, Competition has evaluated the future growth potential of United
States Carbon Black Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide innovative
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in United States Carbon Black
Market.
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