Carbon Black in the Global Tire Industry 2015-2020: Trends, Forecast and Opportunity Analysis – Research and Markets
May 13, 2016 | By Business Wire News
DUBLIN
Research and Markets has announced the addition of the ” Carbon Black in the Global Tire Industry 2015-2020: Trends, Forecast and Opportunity Analysis” report to their offering.
According to a new market report, the future of carbon black for the global tire market looks good with opportunities in the passenger car, commercial vehicles, and others tire applications. Carbon black for the global tire market is forecast to grow at a CAGR of 5.6% from 2015 to 2020. The major drivers of growth for this market are strong demand for tires from passenger cars and commercial vehicles.
In this market, carbon black is used in the tires for the passenger cars, commercial vehicles and others applications. The author predicts that the demand for carbon black in commercial vehicles is likely to experience the significant growth in the forecast period supported by rapid development of the transportation infrastructure in emerging nation and recovery in global economy.
Within the carbon black for the global tire market, the replacement tire industry is expected to remain the largest segment over the forecast period. Rising average vehicle life and continuous expansion of automotive vehicle fleet is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to the increase in production of passenger cars and light commercial vehicles in China and India. Asia Pacific and the Rest of the World are expected to witness good growth over the forecast period because of growth in automotive demand and increasing investment in tire production facilities in low cost countries.
Cabot Corporation, Birla Carbon, Orion Engineered Carbons, Sid Richardson Carbon & Energy Co and Philips Carbon Black are among the major suppliers of carbon black for tire market. Some companies are opting for M&A as a strategic initiative for driving growth.
By Application [volume (Kiloton) and $M shipment analysis for 2009 – 2020]:
– Passenger Car Tire
– Commercial Vehicles Tire
– Others
By end user industry volume (Kiloton) and $M shipment analysis for 2009 – 2020]:
– OEM
– Replacement
By region [volume (Kiloton) and $M shipment analysis for 2009 – 2020]:
– North America
– Europe
– Asia Pacific
– Rest of World
This report answers following 11 key questions:
Q.1: What are some of the potential, high-growth opportunities for carbon black in the global tire market by end user industry and regions?
Q.2: Which segments will grow at a faster pace and why?
Q.3: Which regions will grow at a faster pace and why?
Q.4: What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5: What are the business risks and threats to the market?
Q.6: What are emerging trends in this market and reasons behind them?
Q.7: What are some changing demands of customers in the market?
Q.8: What are the new developments in the market? Which companies are leading these developments?
Q.9: Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10: What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via materials / product substitution
Q.11: What are M & A activities in the last 5 years in this market? What reasons can be attributed to these activities and how have they impacted the industry?
Companies Mentioned
– Birla Carbon
– Cabot Corporation
– China Synthetic Rubber Corporation
– Jiangxi Black Cat Carbon Black Inc.
– Omsk Carbon Group
– Orion Engineered Carbons
– Philips Carbon Black
– Sid Richardson Carbon & Energy Co
– Tokai Carbon Co Ltd
For more information visit http://www.researchandmarkets.com/research/3h59b7/_carbon_black_in
View source version on businesswire.com: http://www.businesswire.com/news/home/20160513005341/en/
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Sector: Automotive Tires , Dyes and Pigments
