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Carbon black is composed of fine particles mainly composed of carbon. Carbon black is widely used as a pigment agent in the coloring substance such as antistatic films, floppy disks, fibers, etc. Carbon black is majorly produced by thermal decomposition or incomplete combustion hydrocarbons such as coal gas, petroleum oil, and natural gas.

Market Statistics:

The global carbon black market for textile fibers is expected to surpass US$ 1,543.5 Mn in terms of value by the end of 2028.

Global Carbon Black Market for Textile Fibers: Drivers

The rising demand for superior quality fabrics for industrial applications is augmenting the market growth of black carbon. The upsurge of defense and other industries that demand superior quality products is propelling market growth. Carbon black in textiles is gaining huge demand from the defense industry where it helps in improving the properties such as enhance color requirements and serviceability. Hence, the high demand for superior quality fabrics for industrial applications is propelling the market growth.

Global Carbon Black Market for Textile Fibers: Opportunities

The growing demand for nylon textile fiber in the production of synthetic textile is expected to bring new market opportunities. These fibers are durable, abrasion, and thermal resistance. This makes them suitable for applications such as carpets, seatbelts, and military applications. Moreover, growing demand for home furnishing fabrics is further creating demand for carbon black. Thus, the growing demand for nylon textile fiber in the production of synthetic textile is augmenting the market growth.

Global Carbon Black Market for Textile Fibers: Recent Developments

  • In June 2021, Orion Engineered Carbons SA collaborated with HiQ-CARB consortium to provide the lithium-ion battery industry with high-performance carbon additives.
  • In December 2020, OYAK (Armed Forces Pension Fund) received a project-based governmental incentive of USD 206 million for building a carbon-black production facility in cooperation with the International CSRC Investment Holdings Co. Ltd.
  • In April 2020, Cabot Corporation completed the acquisition of Shenzhen Sanshun Nano New Materials Co. Ltd (SUSN).

Global Carbon Black Market for Textile Fibers: Restraints

The fluctuating price of raw materials is expected to hamper the profitability of the manufacturer. Non-renewable hydrocarbon sources such as coal oil, petroleum oil, and natural gas are some of the raw materials used in the production of carbon black. This is expected to hinder the market growth.

Global Carbon Black Market - Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic has threatened to derail the socio-economic life of people globally. Globally, as of 7:03pm CEST, 20 September 2021, there have been 228,394,572 confirmed cases of COVID-19, including 4,690,186 deaths, reported to WHO. As of 20 September 2021, a total of 5,776,127,976 vaccine doses have been administered. The pandemic has had the radical effect on the working capital of various businesses and on future marketing campaigns to seek new orders. Such scenario is expected to affect demand for carbon black for textile fibers.

Figure 1. Global Carbon Black for Textile Fibers Market Revenue Share (%), By Application, 2020

Key Takeaways:

  • The global carbon black market for textile fibers was valued at US$ 1,028.8 Mn in 2020 and is forecast to reach a value of US$ 1,543.5 Mn by 2028 at a CAGR of 7.1% between 2021 and 2028.
  • The Polyester segment of Product Type was valued US$ 586.7 Mn in 2020 and is expected to witness a CAGR of 7.2% over the forecast period. Increasing consumption of polyester textile fibers is anticipated to surge the target market demand over the forecast period.

To know the latest trends and insights prevalent in the Global Carbon Black Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/carbon-black-market-for-textile-fibers-4662

Market Trends:                                                                           

Continuous product innovation by key players in the carbon black is one of the key trends in the market. This is expected to foster the market growth in the near future. For instance, in February 2018, Cabot Corporation announced an launch of expanded range of premium carbon black products for racing and ultra-high-performance tires - PROPEL® X carbon black series. Ultra-high-performance tires are manufactured with precise handling characteristics that enable vehicles to safely reach ever-increasing performance requirements.

Increasing demand for apparel due to the rising sense of fashion among consumers is surging the market growth of carbon black. Carbon black is widely used in the coloring of apparel. It is also used to reduce the wear& tear of the apparel. The increasing number of working women coupled with the emerging markets such as China, India, and Brazil is further propelling demand for apparel. Thus growing demand for apparel is fostering the market growth of carbon black.

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

Recent Developments

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.

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