Derived from carbon, carbon black is a superlative industry grade component comprising extremely fine granular particles witnessing large scale applications across a range of end -use industries owing to its unique characteristic features such as conductivity, pigmentation and superlative reinforcement capabilities which makes it indispensable for various rubber based products.
Historical use of carbon black was manifested in ink making and Chinese and Egyptian civilizations rampantly used it as high grade ink for scriptures on papyrus. In recent times, carbon black remain integral for newspaper and print inks as well as paints.
Tire manufacturing is one of the most prominent applications of carbon black and is optimally aided by a rapidly growing automotive industry. Besides developed countries, emerging countries such as China and India are becoming prominent growth hubs as several automotive makers are fast treading their way into these markets owing to burgeoning middle class population and improved spending capabilities.
Additionally, abundance of raw materials and convenient resource sourcing remain potential growth stimulants, ensuring magnanimous growth in global carbon black market. To cite an instance, BKT industries has successfully begun a novel manufacturing facility in India’s Bhuj region to offer superlative carbon black mainly finding use in tire manufacturing industry. The development is in line to augment tire manufacturing industry in the country, besides also thrusting optimistic growth in carbon black market.
Automotive Industry to Remain Lucrative End Use Segment in the Coming Years
Besides aligning with automotive industry needs, advances in restoration initiatives are also likely to prompt growth in global carbon black market. Tires landing up in landfills is a global environmental threat that has encouraged optimum recycling practices in recent years. Carbon black obtained from such recycling is diverted across other end-use applications such as cosmetics, ink, paints and even waste water management. On the back of soaring water concerns and growing population, advances in water treatment initiatives are picking up momentum, thus also maneuvering reliance on carbon black that is extensively used as a water filtration agent.
In terms of recycling carbon black from used tires, several countries are setting up dedicated facilities to attain breakthroughs. To cite an instance, Green Distillation Technologies which is a US based restoration entity has recently opened a tire recycling plant with whopping US $ 100m as funding. The development is estimated to restore carbon black from used tires and divert the same in recycling facilities to power other end-use industries.
Additionally, tire manufacturers are also employing novel manufacturing technologies to improve functional attributes. In a recent development, American tire manufacturing company, Handbook Tire has expanded its product portfolio with the addition of two new tire types such as regional all position tire and long haul tire catering to heavy duty logistics vehicles such as buses and trucks. These tires are designed with advanced TBR technology and Innovation Mixing Systems to reinforce bonding and adhesion in rubber and carbon black, resulting in improved durability and resilience. Developments as such are expected to further strengthen growth potential in carbon black market.