Published on : Nov 22, 2019
The global carbon black in coating market is prophesized to witness considerable during the assessment timeframe. The conventional use of carbon black has for long has been a reinforcing agent in tires. However, today application of carbon black has moved way beyond that, thanks to the unique properties that it comes with. The application of carbon black has expanded to its role as conductive, ultraviolet stabilization, and pigmentation agent, which adds impetus to the global carbon black in coating market. It finds its use in a wide variety of applications including coating.
Jiangxi Black Cat Carbon Black, Phillips Carbon Black, Continental Carbon, Orion Engineered Carbonss, Tokai Carbon, and Birla Carbon are some of renowned companies that operate in the global carbon black in coating market.
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Brilliant Hue and Protection against UV rays Makes Carbon Black Ideal for Coating
The global carbon black in coating market is likely to be fuelled by the amazing properties that carbon black comes with. Capability to produce strong stint and stability against heat render it suitable for coating purposes across many industries. It is strongly believed that size of the particle together with its interaction with light. The global carbon black in coating market has benefitted substantially from the composition of carbon black.
Besides, the feature of excellent absorption of ultraviolet light makes carbon black an ideal coating substance as it protects against ultraviolet degradation, when it is added to other materials. As such, global carbon black in coating market is likely to benefit from such characteristic of carbon black.
To keep pace with the trends of the carbon black in coating market, manufacturers of coatings are continuously required to better their products and rely on product innovation. In addition to manufacturers, suppliers of raw materials also need to bring in innovative products to cater to the requirements of versatility and better performance manufacturers of coatings. The global carbon black in coating market is expected to expand during the assessment period riding on these factors.
The global carbon black in coating market is likely to be driven by its use in as pigment in automobile industry, in inks and in the plastic industry. Carbon black coating gives a more attractive color and increased level of jetness. High performing and high color carbon blacks are needed to attain excellent outer exposure weathering and performance.
Asia Pacific to Emerge as a Leading Region due to Increased Manufacturing Activities
For the purpose of analysis, the global carbon black in coating market is split in the major regions of North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
From the geographical point of view, Asia Pacific is likely to lead the global carbon black in coating market. Rapid industrialization and urbanization together propel the growth of the global carbon black in coating market during assessment period. The region is fast changing itself into the global hub of manufacturing. Such metamorphosis of Asia Pacific has bolstered the demand for carbon black in the region for the last few years. Several manufacturing companies are relocating or opening new units in countries like Vietnam, China, and India owing to lower cost of labor and support from the governments. Furthermore, augmented automotive production in this region has further necessitated demand for carbon black in coating.
Europe and North America is likely to follow Asia Pacific closely. High economic growth induced growth in the automobile, construction and other industries where carbon black finds extensive use for coating purposes. Better flow of foreign funding and favorable government regulations to support the industrial growth in the region is likely to bolster demand for carbon black for coating purposes in forthcoming years.