Carbon Black Market for Textile Fibers will expand to reach USD 964.4 Million in 2019

Transparency Market Research has released a new market report titled “Carbon Black Market for Textile Fibers (Polyester, Nylon, Acrylic and Others) for Apparels, Home Textiles and Other End-users – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.” According to the report, the global carbon black market for textile fibers was valued at USD 597.2 million in 2012 and is expected to reach USD 964.4 million by 2019, growing at a CAGR of 7.1% from 2013 to 2019.

Consumption of cotton has been declining globally primarily due to the high cost and low strength of cotton. Furthermore, the increasing demand for arable land for the production of other profitable crops has led to a decrease in the production of cotton. This decline in consumption of cotton has resulted in an increase in demand for synthetic fibers. This is one of the growth drivers for the carbon black market for textile fibers as carbon black is used mainly in the synthetic fibers industry. Other major factors driving demand for carbon black for textile fibers include high growth in the polyester fiber market. Major raw materials employed in the production of carbon black are derivatives of crude oil which have a high carbon content. Volatility in raw material prices and increase in the number of stringent regulations due to several environmental and health hazards associated with carbon black have been restraining the growth of the carbon black for textile fibers market. Increase in research and development activities to develop efficient techniques to produce carbon black from bio-based sources are expected to offer huge growth opportunities in the market.

The carbon black market for textile fibers has been bifurcated into four product segments: polyester, nylon, acrylic and others. Polyester is the largest product segment in the carbon black market for textile fibers and accounted for over 55% share of the global market in 2012. Based on end-users, the carbon black market for textile fibers is bifurcated into three major segments: home textiles, apparels and others. The apparels segment is the most dominant product segment for carbon black market for textile fibers and accounted for around 54% of the global market in 2012. Moreover, the home textiles segment, that includes carpets and sheets, is also a major segment of the carbon black market for textile fibers. Furthermore, the others segment that includes automotive and agricultural textiles is expected to be the fastest growing end-user segment of the carbon black market for textile fibers in the future.

Asia Pacific dominated the global demand for carbon black for textile fibers and accounted for 58.2% of the global market in 2012. This trend is anticipated to continue during the forecast period. Major industry participants include Cabot Corporation, Philips Carbon Black Ltd, Birla Carbon and Mitsubishi Chemical Corporation.

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Rohit Bhisey

An AVP at the Marketing department at Transparency Market Research, Rohit has his fingers firmly placed on the pulse of the business world. He has a keen eye for any new development that could rock our world. He is adept at strategizing to boost web traffic and generate new leads. He is also an expert in Google Analytics, something which he feels could go a long way in getting sites more traction by providing necessary insights. Rohit is a Bachelor in Computer Science from the Pandit Ravishankar Shukla University and takes keen interest in writing news articles on technology, business, and healthcare.

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