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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Carbon black is a compound produced by the incomplete combustion of petroleum products such as coal tar, natural gas, and petroleum oil. Carbon black finds major applications across the textile industry as a dyeing agent. It is an excellent coloring agent as a pigment hence widely used for coloring fibers.

The global carbon black market for textile fibers is estimated to be valued at US$ 1,093.1 million in 2021 and is expected to exhibit a CAGR of 7.1 % over the forecast period (2021-2028).

Recent Developments:

  • In July 2021, Orion Engineered Carbons SA collaborated with RISE Research Institutes, headquartered in Sweden to produce renewable carbon black (rCB).
  • In January 2021, Himadri Specialty Chemical Ltd merged with Petrotech Group, a company headquartered in Rajasthan for the production of Carbon Black pigments.
  • In November 2020, Safic-Alcan entered into an extended distribution agreement with Orion Engineered Carbons, headquartered in South Africa.

Asia Pacific held dominant position in the carbon black market for textile fibers in 2020, accounting for 57.3% share in terms of value, followed by Europe and North America, respectively. Rising levels of the income coupled with growth of the textile industry has been surging the target market growth in Asia Pacific.

Figure 1. Global Carbon Black Market for Textile Fibers Value (US$ Mn), by Region, 2020

Carbon Black  | Coherent Market Insights

Global Carbon Black Market for Textile Fibers: Drivers

Growing demand for synthetic textiles fibers is a prime factor fueling the market growth of carbon black. This is attributed to the decline in the demand for cotton due to the high cost and growing need for harvested land for other necessary crops. Black carbon is widely used in synthetic textiles which are further used across a wide range of applications. Thus, the high demand for synthetic textiles is projected to augment the market growth of carbon black.

Strong demand for polyester fiber is creating demand for carbon black. Polyester is one of the economical fiber used in the manufacturing of synthetic textiles. This is one of the major factors fueling the market growth of carbon black. Moreover, polyester is low-cost products that have a broad range of application that is further boosting its demand across end-users. Thus growing demand for polyester fiber is propelling the market growth of the carbon black. 

Global Carbon Black Market for Textile Fibers: Opportunities

The development of bio-based and recycled carbon black is expected to offer potential market opportunities in the near future. Increase in significant research and development for developing bio-based carbon black products due to growing environmental concern is expected to foster the market growth of the carbon black. Bio-based black carbon reduces reliance on crude oil and also reduce hazards associated with the environment. This factor is encouraging manufacturers to develop bio-based carbon black.

Increasing demand for protective clothing for the safety of the workers across various industries is projected to serve potential market opportunities. Growing demand for textile from the automotive industry for the manufacturing of seatbelt, seat cover, interior accessories is again anticipated to foster the market growth. Thus, increasing production of automobiles is expected to propel the market growth over the forecast period.

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Carbon Black Market for Textile Fibers Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 1,093.1 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 7.1% 2028 Value Projection: US$ 1,543.5 Mn
Geographies covered:
  • North America: The U.S., Canada, Mexico, and Rest of NA
  • Europe: The U.K., Germany, France, Russia, and Rest of Europe
  • Asia Pacific: Japan, Australia, Indonesia, Philippines, Vietnam, Thailand, South Korea, India, China, and Rest of APAC
  • Rest Of World
Segments covered:
  • By Product Type: Polyester(Filament Fiber, Staple Fiber, Others), Nylon, Acrylic, Others
  • By End Users: Home Textiles, Apparels, Others 
Companies covered:

Orion Engineered Carbons, Cabot Corporation, Mitsubishi Chemical Corporation, Phillips Carbon Black Limited, Birla Carbon, Sid Richardson Carbon & Energy Co., Anyang HengXu Specialty Carbon Black Co., Ltd., and Imerys Graphite & Carbon

Growth Drivers:
  • Growing demand for synthetic textiles fibers 
  • Strong demand for polyester 
Restraints & Challenges:
  • Emissions of various harmful gases such as carbon monoxide during production 
  • Toxicity associated with the carbon black leading to lung disease

Market Trends

Growing demand for home textile products which is fueling acrylic fiber consumption is accelerating the market growth. Increasing consumer spending on home decor products such as sofa, furniture, curtains, carpets, and rugs is one of the growing trends. This is attributed to the increasing purchasing power and improving standard of living of the consumers. Hence, the growing demand for home textile products is fueling the market growth of carbon black.

Merger and acquisition among key players for business expansion is one of the growing trends in the market. For instance, in October 2018, Cabot Corporation announced has acquired NSCC Carbon (Jiangsu) Co., Ltd. from Nippon Steel Carbon Co., Ltd., a subsidiary of Nippon Steel Chemical & Material Co., Ltd. for expansion of the carbon black. Increasing such initiatives by the key manufacturer will favor the market growth of the black carbon.

Figure 2. Global Carbon Black Market for Textile Fibers Share, By Product, 2020

Carbon Black  | Coherent Market Insights

Key Takeaways of the Graph:

  • Among Product, the Polyester held dominant position in the market and accounted for 57.0% share in the global carbon black market for textile fibers in 2020. The segment is expected to reach US$ 883.7 million in 2028.
  • Polyester is a widely used synthetic fiber in textile industry. Hence, increasing consumption of polyester textile fibers, in turn, is likely to augment carbon black demand.
  • Among Application, Apparels held dominant position in the market and accounted for 54.6% share in the global carbon black market for textile fibers in 2020. The segment is expected to reach US$ 844.7 million in 2028.
  • Increasing carbon black usage in apparel to reduce wear& tear and improve color dispersion of fabrics to improve serviceability is anticipated to propel the target market growth over the forecast period.

Global Carbon Black Market for Textile Fibers: Restraints

The production of carbon black leads to emissions of various harmful gases such as carbon monoxide which has a potential threat to the environment. Thus environmental concern associated with the production of carbon black is expected to hamper the market growth of the carbon black.

Toxicity associated with the carbon black leads to lung disease. Inhalation of carbon black leads to irritation in lung and cause coughing. Moreover, it also causes irritation to the eyes and nose. Such side-effects associated with the carbon black is inhibiting the market growth.

Global Carbon Black Market for Textile Fibers: Competitive Landscape

Major players operating in the global carbon black market for textile fibers include, Orion Engineered Carbons, Cabot Corporation, Mitsubishi Chemical Corporation, Phillips Carbon Black Limited, Birla Carbon, Sid Richardson Carbon & Energy Co., Anyang HengXu Specialty Carbon Black Co., Ltd., and Imerys Graphite & Carbon

Few Recent Developments

In July 2020, Aditya Birla Group’s carbon black manufacturing arm, Birla Carbon has announced global restructuring plans in order to focus on market-driven innovation, and leverage its global capabilities.

Carbon black is a material produced by the incomplete combustion of heavy petroleum products such as FCC tar, coal tar, ethylene cracking tar, or vegetable matter. Cotton, wool, acrylic and nylon fabrics can be directly dyed by using surface modified carbon black.

Market Dynamics:

The global carbon black market for textile fibers is witnessing increase in prices of carbon black. For instance, in August 2021, Cabot Corporation announced to increase prices on all carbon black products sold by its specialty carbons business globally.

Major players in the global carbon black market for textile fibers are focused on expanding their logistics to enhance their market share. For instance, in May 2020, Orion Engineered Carbons S.A. announced building a new logistics center at its largest manufacturing plant in Cologne, Germany.

Major players in the global carbon black market for textile fibers are also focused on expanding their R&D capabilities to enhance their market share. For instance, in July 2019, Phillips Carbon Black Limited started Sushila Goenka Research and Development Center in Gujarat, India, to facilitate development of new products required by the tire and other industries.

Key features of the study:

  • This report provides in-depth analysis of the global carbon black market for textile fibers, and provides market size (US$ Million & KT) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global carbon black market for textile fibers based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Orion Engineered Carbons, Cabot Corporation, Mitsubishi Chemical Corporation, Phillips Carbon Black Limited, Birla Carbon, Sid Richardson Carbon & Energy Co., Anyang HengXu Specialty Carbon Black Co., Ltd., and Imerys Graphite & Carbon
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global carbon black market for textile fibers report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global carbon black market for textile fibers

Detailed Segmentation:

  • Global Carbon Black Market for Textile Fibers Market, By Product Type
    • Polyester
      • Filament Fiber
      • Staple Fiber
      • Others
    • Nylon
    • Acrylic
    • Others
  • Global Carbon Black Market for Textile Fibers Market, By End Users:
    • Home Textiles
    • Apparels
    • Others
  • Global Carbon Black Market for Textile Fibers Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Product Type:
        • Polyester
          • Filament Fiber
          • Staple Fiber
          • Others
        • Nylon
        • Acrylic
        • Others
      • By End Users:
        • Home Textiles
        • Apparels
        • Others
    • Europe:
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • Russia
        • France
        • Rest of Europe
      • By Product Type:
        • Polyester
          • Filament Fiber
          • Staple Fiber
          • Others
        • Nylon
        • Acrylic
        • Others
      • By End Users:
        • Home Textiles
        • Apparels
        • Others
    • Asia Pacific:
      • By Country:
        • China
        • India
        • Japan
        • South Korea
        • ASEAN
        • Australia
        • Rest of Asia Pacific
      • By Product Type:
        • Polyester
          • Filament Fiber
          • Staple Fiber
          • Others
        • Nylon
        • Acrylic
        • Others
      • By End Users:
        • Home Textiles
        • Apparels
        • Otherss
    • Rest of the World:
      • By Sub-Region:
        • Latin America
        • Middle East
        • Africa
      • By Product Type:
        • Polyester
          • Filament Fiber
          • Staple Fiber
          • Others
        • Nylon
        • Acrylic
        • Others
      • By End Users:
        • Home Textiles
        • Apparels
        • Others

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End Users
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
  4. Global Carbon Black Market for Textile Fibers - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Carbon Black Market for Textile Fibers – COVID-19
    • Impact Analysis
  5. Global Carbon Black Market for Textile Fibers, By Product Type, 2017- 2028 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2020, 2023 and 2028 (%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Polyester
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & KT)
    • Nylon
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & KT)
    • Acrylic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & KT)
  6. Global Carbon Black Market for Textile Fibers, By End Users, 2017- 2028 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2020, 2023 and 2028 (%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Home Textiles
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & KT)
    • Apparels
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn & KT)
  7. Global Carbon Black Market for Textile Fibers, By Region, 2017- 2028 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, By Region, 2020, 2023 and 2028 (%)
      • Y-o-Y Growth Analysis, For Regions, 2021 - 2028
    • North America
      • Market Share Analysis, By Country, 2020, 2023 and 2028 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2028
      • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn & KT)
      • Market Size and Forecast, By End Users, 2017- 2028 (US$ Mn & KT)
      • Countries
        • U.S.
        • Canada
        • Mexico
        • Rest of North America
    • Europe
      • Market Share Analysis, By Country, 2020, 2023 and 2028 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2028
      • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn & KT)
      • Market Size and Forecast, By End Users, 2017- 2028 (US$ Mn & KT)
      • Countries
        • U.K.
        • Germany
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Share Analysis, By Country, 2020, 2023 and 2028 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2028
      • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn & KT)
      • Market Size and Forecast, By End Users, 2017- 2028 (US$ Mn & KT)
      • Countries
        • Japan
        • Australia
        • Indonesia
        • Philippines
        • Vietnam
        • Thailand
        • South Korea
        • India
        • China
        • Rest of APAC
    • Rest of the World
      • Market Share Analysis, By Sub-Region, 2020, 2023 and 2028 (%)
      • Y-o-Y Growth Analysis, By Sub-Region, 2021 – 2028
      • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Mn & KT)
      • Market Size and Forecast, By End Users, 2017- 2028 (US$ Mn & KT)
      • Regions
        • Middle East & Africa
        • Latin America
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Orion Engineered Carbons.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Cabot Corporation
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Mitsubishi Chemical Corporation
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Phillips Carbon Black Limited
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Birla Carbon
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Sid Richardson Carbon & Energy Co.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Anyang HengXu Specialty Carbon Black Co., Ltd.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Imerys Graphite & Carbon
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 50 market data tables* and 45 figures* on "Carbon Black Market for Textile Fibers” - Global forecast to 2027.

FAQgrowicon

Frequently Asked Questions

Growing demand for synthetic textiles fibers and polyester are factors boosting demand for carbon black for textile fibers.
Emissions of various harmful gases such as carbon monoxide during production and toxicity associated with the carbon black leading to lung disease are factors hindering growth of market for textile fibers.
The market was valued at US$ 1,028.8 million in 2020.
Among product, Polyester held dominant position in market for textile fibers in 2020.
Growing demand for home textile products and merger and acquisition among key players for business expansion are trends in the market.
Orion Engineered Carbons, Cabot Corporation, Mitsubishi Chemical Corporation, Phillips Carbon Black Limited, Birla Carbon, Sid Richardson Carbon & Energy Co., Anyang HengXu Specialty Carbon Black Co., Ltd., and Imerys Graphite & Carbon
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