Market Overview:
Carbon Black Feedstock (CBFC) is a brown, viscous liquid, a combination of C12 and higher components that contain naphthalene, methyl-indenes, anthracene, fluorene, and other polyaromatic components, and it has a low vapor pressure. It is produced by fractional distillation of petroleum fractions at higher temperatures. In the production of carbon black, carbon black oil is a primary feedstock used and it acts as a reinforcing agent. Carbon black is manufactured by using two manufacturing processes Furnace Black and Thermal Black. In the furnace black process, heavy aromatic oils are used as feedstock, and in the thermal black process natural gas, consisting primarily of methane or heavy aromatic oils used as feedstock. Carbon black has anti-static properties to plastic films, electrical parts, and inks and helps to add strength. Carbon black feedstock is also used in the manufacturing of downstream chemicals such as rubber process oil, agarbatti oil, and white oil. Thus, it increases the demand in the tire as well as oil industries supporting the market growth of carbon black feedstock oil.
Major Key Players for Carbon Black Feedstock Oil Market:
- Tauber Oil Company
- Sabic
- ONGC Petro additions Limited
- RÜTGERS Group
- Haldia Petrochemicals Limited
- Koppers
- Indian Oil Corporation
- ANAND OIL COMPANY
- AVH Pvt.
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Market Dynamics and Factors:
Carbon black oil is used in various chemical industries, oil industries, tire industries, and rubber industries. as a raw material. It is mostly used in the manufacturing of white oil. The industries of white oil rise due to its increase in the demand in the pharmaceutical, personal care, food, and polymer processing sector. In addition to this, it’s also used in the agricultural and textile industries. Carbon black has a crucial role in rubber process oil industries. Rubber oil is primarily used in automotive, construction, manufacturing of tires, and transportation industries. So, the number of rubber oil industries rise, and because of this, growing the demand for carbon black oil in the rubber oil process. These all factors support the growth of the carbon black oil market over the forecast period. Moreover, a lung disease caused due to exposure to an excess of carbon black. It also irritates to eyes, nose, and throat. People are exposed to the large scale of carbon black over many years, there is a risk of chronic lung disease. These harmful effects can be hampering the growth of the carbon black feedstock market during the analysis period.
Carbon Black Feedstock Oil Market Report Highlight:
- By type, the high BMCI type segment is expected to have the maximum market share in carbon black feedstock oil during the projected period. BMCI CBFC has rising demand in rubber process oil and in agarbatti oil industries as a raw material which propels the growth of the market in the forecast period.
- By end-user, the rubber carbon black segment is predicted to expand the most in the carbon black feedstock oil market during the forecast year. The growing number of rubber processing industries in the world support the growth of the market over the forecast year.
- By region, North America is expected to dominate the carbon black feedstock oil market, during the projected period. The presence of major players in this region boosts the growth of the carbon black feedstock oil market in North America.
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Key Industry Development:
In April 2022, Sabic a chemicals company in Saudi Arabia introduced carbon black grade N330 as a new market solution for the kingdom’s building and construction industry to improve the quality of cast-in-place concrete structures that require an early drying process and provide extra strength.
Carbon Black Feedstock Oil Market Segmentation:
By Type
- High BMCI type
- General type
By Application
- Carbon Black Pigments
- Rubber carbon black
- Conductive Carbon Black
- Specialty Carbon Black
For this report, Introspective Market Research has segmented the Carbon Black Feedstock Oil Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Turkey
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Vietnam
- Thailand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Iran
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of LATAM
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Scope of the Report:
The objective of the research is to provide the market knowledge and strategic insights to assist decision-makers in making informed investment decisions and identifying potential gaps and growth opportunities. Historical revenue and sales volume are reported, and additional data is triangulated using top-down and bottom-up methodologies to predict forecast numbers for important regions covered in the research, as well as classified and well-known Types and end-use industries. The carbon Black Feedstock Oil Market study explores the competitive landscape of the global market. In addition to rival market share research, in-depth profiling, product/service, and business overviews, the study focuses on BCG matrix, heat map analysis, and SWOT analysis to better correlate market competitiveness. Five forces analysis, Ansoff matrix, PESTEL analysis, and value chain analysis are used to better understand market conditions.
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