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.
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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.
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Market Breakup by Types:
- Specialty Carbon Black
- Lamp Black
- Channel Black
- Acetylene Black
- Furnace Black
- Gas Black
- Commodity Carbon black
- Thermal Black
The various product types of carbon black are specialty, lamp, channel, acetylene, furnace, gas, commodity, and thermal black, among others.
Market Breakup by Grades:
- Specialty Grade
- Standard Grade
The common carbon black grades are the specialty grade, standard grade, N330, N550, N660, N220, and N990, among others.
Market Breakup by Applications:
- Printing & packaging
- Building & construction
Carbon black finds application in industrial, printing and packaging, building and construction, and transportation sectors, among others.
Market Breakup by Regions:
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
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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