Tue, 26 Jan 2021

According to a new report by Expert Market Research titled, 'Latin America Carbon Black Market Report and Forecast 2020-2025', the Latin America carbon black market is being driven by the growing carbon black market, globally, which attained a production volume of nearly 0.7 million metric tons in 2019. The global market is further expected to grow at a CAGR of 4.4% between 2020 and 2025.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

The Latin America carbon black market contributes moderately to the global carbon black market. In 2019, the carbon black production in Latin America reached a volume of almost 0.6 million metric tons and is expected to grow steadily in the forecast period. The steady growth of the market is the result of the increasing number of automotive industries in the region, particularly in Brazil. The growing automotive industries, in turn, increases the demand for tyres, thus aiding the carbon black market as carbon black is majorly used in the rubber industry as a reinforcing filler.

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In October 2017, Daimler AG (ETR: DAI) sold 30,500 Daimler trucks in Latin America. Further, the company announced that it will invest approximately USD 659 million in Brazil during the 2018-2022 period to modernise the product lineup and to develop the two plants located in Sao Bernardo do Campo and Juiz de Fora, which are expected to meet the highest production standards by 2022. Thus, the growing automotive sector in Brazil is expected to boost the demand for carbon black in the region, aiding the global market as well.

The use of carbon black in specialty products, which find applications in segments like sealants, adhesives, and coatings, among others, is also increasing, which is further aiding the market growth in Latin America. The continuously growing demand for waterborne and solvent-borne coatings in the specialty segment is providing further impetus to the carbon black market growth, globally. In June 2019, the Orion Engineered Carbons S.A. (NYSE: OEC), a global supplier of specialty carbon black and a major player in Latin America, announced the expansion of its production capacity for Gas Blacks at its Cologne (Kalscheuren) plant in Germany. Gas Blacks, Orion's specialty carbon black, has excellent fineness, which provides the deepest blackness required for coatings, thus, fulfilling the demand for high-quality carbon black for specialty and technical rubber applications, globally.

Read Full Report With Table Of Contents - https://www.expertmarketresearch.com/reports/latam-carbon-black-market

Market Breakup by Types:

  1. Specialty Carbon Black
  2. Lamp Black
  3. Channel Black
  4. Acetylene Black
  5. Furnace Black
  6. Gas Black
  7. Commodity Carbon black
  8. Thermal Black
  9. Others

The various product types of carbon black are specialty, lamp, channel, acetylene, furnace, gas, commodity, and thermal black, among others.

Market Breakup by Grades:

  1. Specialty Grade
  2. Standard Grade
  3. N330
  4. N550
  5. N660
  6. N220
  7. N990
  8. Others

The common carbon black grades are the specialty grade, standard grade, N330, N550, N660, N220, and N990, among others.

Market Breakup by Applications:

  1. Industrial
  2. Printing & packaging
  3. Building & construction
  4. Transportation
  5. Others

Carbon black finds application in industrial, printing and packaging, building and construction, and transportation sectors, among others.

Market Breakup by Regions:

  1. Brazil
  2. Argentina
  3. Colombia
  4. Mexico

The major regional markets for carbon black in Latin America are Brazil, Argentina, Colombia, and Mexico.

Competitive Landscape & Supplier Analysis:

  • Birla Carbon
  • Cabot Corporation (NYSE: CBT)
  • Continental Carbon Company
  • Orion Engineered Carbons S.A. (NYSE: OEC)
  • Polimix Ambiental
  • Others

The major players in the Latin America carbon black market are Birla Carbon, Cabot Corporation, Continental Carbon Company, Orion Engineered Carbons S.A., and Polimix Ambiental, among others. This comprehensive report by Expert Market Research covers the market share, capacity, and latest developments like plant turnarounds, acquisitions, mergers, and capacity expansions of the major players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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