Global Carbon Black Market for Textile Fibers to Be Driven by Declining Demand for Cotton: Transparency Market Research
By Business Wire News
By Business Wire News
Transparency Market Research has announced the release of a report titled “Carbon Black Market for Textile Fibers (Polyester, Nylon, Acrylic and Others) for Apparels, Home Textiles and Other- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”.
This report states that growing at a CAGR of 7.1% from 2013 to 2019, the global carbon black market for textile fibers will reach US$964.4 million in 2019, up from US$597.2 million in 2012.
The global carbon black market for textile fibers is primarily driven by high demand for synthetic fibers, which is the result of low consumption of cotton. The production of carbon black involves processes like acetylene process, furnace black process and channel process. The carbon black market for textile fibers is segmented based on product, end-users and geography. Synthetic textile fibers like acrylic, nylon and polyester use carbon black as a dyeing agent. Based on end-users, this market is classified into apparels, home textiles and others.
Geographically, the global carbon black market for textile fibers is segmented into Europe, Asia Pacific, North America and Rest of the World. The Asia Pacific market holds the largest share in the overall carbon black market for textile fibers, followed by Europe. Rising disposable incomes and GDP in countries like China and India are factors that will drive the Asia Pacific carbon black market in the forthcoming years. Rest of the World carbon black market for textile fibers will be fueled by high demand for synthetic fibers from the Middle East and South America.
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Mitsubishi Chemical Corporation, Birla Carbon, Cabot Corporation and Orion Engineered Carbons are the prominent companies operating in the global carbon black market for textile fibers.
Transparency Market Research is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.