Specialty Carbon Blacks : Asia Pacific to Show Maximum Rate of Growth

2019-10-20 14:44:46 6

Specialty Carbon Black: Asia Pacific to Show Maximum Rate of Growth

Geographically, there are five key regions for the global specialty carbon black market. 

These regions are Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Of these, the global market is currently led by the Asia Pacific region. Asia Pacific region accounted for nearly 45% of the overall specialty carbon black market share in 2018. This trend is expected to continue over the given forecast period of 2019 to 2027. The growth of the Asia Pacific region is primarily attributed to the developments happening in the emerging nations such as India and China. These countries are witnessing a telling demand for cables, wires, and other conductive plastic applications because of the booming construction industry. Because of the excellent conductive properties of the specialty carbon black, it is the popular choice of additive for such plastic applications. Naturally, this has helped in the development of the market in the region

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