The carbon black market is expected to grow by USD 3.11 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the carbon black market in optimistic, probable, and pessimistic forecast scenarios.

The carbon black market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

• Adjust their strategic planning to move ahead once business stability kicks in.

• Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.

• Conceptualize scenario-based planning to mitigate future crisis situations.

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior

• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds

• Pre- as well as post-COVID-19 market estimates

• Quarterly impact analysis and updates on market estimates

Related Reports on Materials Include:

Global Activated Carbon Market - Global activated carbon market is segmented by Application (Air purification, Water purification, Food and beverage, Medical & pharma products, Automobiles, Mining, and Others), Product (Powdered activated carbon, Granular activated carbon, and Other activated carbon), and Geography (APAC, North America, Europe, South America, and MEA).

Global Industrial Gases Market - Global industrial gases market is segmented by end-user (manufacturing, chemical processing, metal fabrication, energy, and other end-users), type (hydrogen, oxygen, nitrogen, carbon dioxide, and other gases), and geography (APAC, North America, Europe, South America, and MEA).

Major Three Carbon Black Market Participants:

ASAHI CARBON Co. Ltd.

The company manufactures carbon black products under the brand name Asahi.

Cabot Corp.

The company offers carbon black under the brand names BLACK PEARLS, ELFTEX, VULCAN, MOGUL, MONARCH, EMPEROR, and REGAL.

OCI Company Ltd.

The company offers carbon black of various grades such as ASTM N219, N220, N234, N330, N339, N351, and others.

Carbon Black Market 2021-2025: Segmentation

Carbon black market is segmented as below:

• Application

• Tires

• Non-tires Rubber

• Non-rubber

• Geography

• APAC

• Europe

• North America

• South America

• MEA

The carbon black market is driven by the increasing use of carbon black in end-user industries. In addition, the increasing demand for carbon black in APAC is expected to trigger the carbon black market toward witnessing a CAGR of over 4% during the forecast period.

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered

• Vendor classification

• Market positioning of vendors

• Competitive scenario

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.