North America Carbon Black Market Forecast 2023-2032

North America Carbon Black Market Forecast 2023-2032

KEY FINDINGS

The North America carbon black market is expected to project a CAGR of 4.26% during the forecasted period, 2023-2032. The market growth is attributed to the flourishing automotive industry, wherein carbon black is majorly used as sealants for gaskets and liners in instrument panels, arm liners, and automobile dashboards.

MARKET INSIGHTS

Canada and the United States are evaluated for the North America carbon black market growth assessment. In 2020, Canada housed the carbon black production facilities of market giants like Birla Carbon and Cancarb Limited. At the same time, the country offers a challenging environment for carbon black makers, given Ontario’s pending limits on sulfur dioxide emissions and Canada’s carbon dioxide emissions tax programs under the Paris Accord. However, several companies are adding production plants for carbon black despite such conditions. For instance, Cancarb Limited announced the expansion of its sixth unit with an investment of $40.1 million.

Further, Canada’s tire market depends on tire imports from several countries. Also, with the domestic automotive fleet growing rapidly, the replacement sector is estimated to project increased demands. Additionally, truck and bus radial (TBR) tire demands have been on the rise in Canada. Such developments are evaluated to offer growth opportunities for the Canada carbon black market.

COMPETITIVE INSIGHTS

Some of the leading players in the market are Orion Engineered Carbons SA, Mitsubishi Chemical Corporation, Cabot Corporation, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments