#Major players in US Carbon black sector

[kenresearch1]

The Growing Prominence of the Carbon Black Market fueled by Rising Automotive Industry

Buy Now

What is the Size of US Carbon Black Industry?

US Carbon Black Market is expected to grow at a CAGR of ~ % between 2017-2022 and is expected to reach ~USD Mn by 2028.  The Carbon Black Market is majorly driven by increasing automotive industry, tire replacement demand, urbanization and renewable energy needs, fueled by rising middle-class populations and technological advancements.

The automotive industry is a major consumer of carbon black, using it in tire manufacturing to improve tire strength, durability, and overall performance. As the global demand for vehicles increases, particularly in emerging economies, the demand for carbon black in tire production grows as well.

Click here to Download a Sample Report

n mature markets, there is a continuous demand for tire replacements due to wear and tear. This consistent need for replacement tires drives demand for carbon black to be used in new tire production.

Carbon black is used as a pigment and colorant in various products like inks, paints, and coatings. The growing use of these products in diverse industries such as construction, packaging, and consumer goods drives demand for carbon black.

Ongoing research and development in carbon black production techniques can lead to improvements in quality, efficiency, and cost-effectiveness. These advancements stimulate the market growth by making carbon black more accessible to various industries.

US Carbon Black Market by loan Process

In terms of loan type, the market is segmented into Furnace Black and Gas Black. Furnace Black is seen dominant in the US Carbon Black market in 2022. Furnace Black is a type of Carbon Black produced through the incomplete combustion of hydrocarbons. It finds extensive applications in the production of rubber, tires, plastics, inks, coatings, and other industrial products due to its reinforcing and coloring properties. This ubiquity across multiple sectors positions Furnace Black as a central component in various manufacturing supply chains.

Moreover, the versatility of Furnace Black has allowed industries to find innovative applications beyond traditional uses, such as in renewable energy technologies, specialty materials, and advanced composites. This adaptability has expanded its market reach and influence.

US Carbon Black Market by end Application

The market is segmented by Tires and Rubber products, Plastic, Toners and Printing inks, Coatings and Others. Among these, Tires and Rubber products is majorly the dominant end users in the US Carbon Black market as noted in 2022. As vehicles move, friction between tires and roads generates Carbon Black particles that contribute to air pollution and pose health and environmental risks.

Amid growing concerns about air quality and environmental impact, the Tires and Rubber products sector has faced increased pressure to mitigate its emissions. Regulatory agencies and consumer demand for eco-friendly products have prompted manufacturers to adopt strategies that reduce Carbon Black emissions.

Visit this link to Download a Custom Report

US Carbon Black market by Region

The US Carbon Black market is segmented by Region into North, South, East, West and central. In 2022, South region is more dominate in US Carbon Black Market.  The South region has witnessed a growing emphasis on environmental sustainability and air quality improvement. Cities within this region, such as Houston and Atlanta, have grappled with significant air pollution challenges, spurring local governments and industries to address Carbon Black emissions more aggressively.

Competition Scenario in US Carbon Black Market

The competition scenario in the US Carbon Black market was characterized by a mix of companies and organizations focused on reducing Carbon Black emissions and promoting cleaner technologies.

Prominent players in this market included environmental consulting firms such as Aether, Abt Associates, and ICF International. These companies provided expertise in air quality monitoring, emission inventories, and policy analysis, assisting industries and governments in devising strategies to mitigate Carbon Black emissions.

In addition to consulting firms, technology providers played a crucial role. Companies like Cleaire Advanced Emission Controls and Johnson Matthey offered emission control solutions, including diesel particulate filters and catalytic converters, designed to reduce Carbon Black emissions from vehicles and industrial sources.

What is the Expected Future Outlook for the Overall US Carbon Black Market?

The US Carbon Black market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Million by the end of 2022, witnessing a CAGR of ~% during the forecast period 2022- 2028. The US Carbon black market is driven by increasing urbanization, rising automotive industry and rising demand for consumer goods. Carbon black is integral to tire production, enhancing tire strength and performance. As vehicle demand increases, particularly in electric and autonomous segments, the need for quality tires will drive carbon black demand.

The shift toward sustainability will influence the market. Manufacturers seeking eco-friendly alternatives will drive demand for sustainable carbon black, derived from sources like pyrolysis of waste tires. This aligns with green initiatives and offers growth potential. Increasing number of applications, the market's expansion will be fueled by innovative applications beyond tires. Carbon black finds use in conductive plastics, battery components, and aerospace materials, benefiting from technology-driven trends in electronics, energy storage, and aviation.

The growing renewable energy sector presents opportunities. Carbon black enhances wind turbine blade strength, crucial for wind energy expansion. As the US emphasizes clean energy, carbon black's contributions to wind power will drive its demand. Urban development will also fuel the demand for carbon black in construction materials, coatings, and sealants. As US cities evolve, the construction industry's steady growth will sustain the market's need for these applications.

Furthermore, Carbon black's role in plastics, packaging, and consumer goods will experience growth as US consumer preferences evolve. The trend toward durable, UV-resistant products will drive manufacturers to incorporate carbon black for enhanced performance. Carbon black's diverse applications contribute to its resilience during economic fluctuations. Industries ranging from automotive to construction rely on its properties, ensuring a steady demand even amidst changing economic conditions, securing future market growth.

[tritonmarketresearchamey]

Tire Aftermarket, Tire Replacement Market: A Competing Shift

A flat tire is among the several inconveniences vehicle owners aim to avoid. Whether due to valve system damage or blowout due to over-inflation, the absence of a proper tire can severely damage the wheel and trigger tire replacement. This drawback has instigated several tire producers to invest in R&D to develop high-performance, fuel-efficient tires, opening avenues for the global tire aftermarket, tire replacement market.

Additionally, integrating systems like anti-lock braking systems, electronic power control, and tire pressure monitoring systems has upheaved the demand for tire aftermarket services. Our estimates have gathered that the global market is set to gain revenue worth $93.38 billion by 2028, rising at a CAGR of 4.43% during the forecast years 2022-2028.

Developments in Aftermarket Services

Wait, did you say airless tires? Instead of air, tires are now integrated with a network of spokes that keeps the wheels rigid while giving them a see-through appearance. Each year, around 20% of tires are trashed due to puncture or uneven wear, stimulating manufacturers like Michelin to launch UPTIS airless automobile tire design that results in lower raw material and waste consumption. In this regard, the company has teamed up with GM to introduce UPTIS by 2024.

Besides, the tires’ ability to bear high weight and absorb shocks is anticipated to support the growth of the 16-18-inch rim size category. Numerous players have opted for this size since it offers additional grip, braking performance, and ride comfort, a major driving force for the tire aftermarket, tire replacement market.

The Green Initiative: With the average crude oil price rising from $39.68 in 2020 to $97.64 in 2022 and the rising carbon footprint, the demand for energy-efficient tires has boosted the tire replacement market. Besides, advances in tire energy efficiency can decrease global fuel consumption by around 5% in passenger vehicles, per the International Council on Clean Transportation. This has led low rolling resistance tires to gain immense traction among consumers to lower their total carbon footprint.

Considering this trend, in January 2023, Goodyear revealed a demonstration tire made of 90% sustainable materials, including carbon black and soybean oil. While it stated the need for further collaboration to bring 90% sustainable tires into the market, the company plans to sell them with 70% sustainable material in 2023. Our analysis indicates that the radial tire type captures the highest share in the market as it has lower rolling resistance, achieving greater fuel efficiency.

Labeling Culture: Labeling has emerged as a viable solution to differentiate products from packaging to tires. However, governments are striving to implement standards to eliminate redundant performance classes from the scale. For instance, the label design will be changed in the US with snow and ice grip symbols. The European Commission also introduced Euro 7 standards for particle emission from tires and brakes to ensure cleaner vehicular movement and air quality across the region.

Other than this, the Indian government mandated new standards in 2021 to enhance fuel efficiency and braking impact on wet roads. Earlier in 2022, Michelin became the first tire brand to receive a 4-star rating by the Bureau of Energy Efficiency, India, under the new star labeling program. Such steps by government bodies to promote sustainability are set to be a growth enabler for the Asia-Pacific tire aftermarket, tire replacement market.

Electric Vehicle: Revving Up the Ride

Over the course of a decade, electric vehicle sales soared to reach around 7 million units in 2021. Fueled by the falling costs of lithium-ion batteries, the rising EV sales have revolutionized the automotive industry and the tire sector. Furthermore, since the additional weight of batteries in EVs lead to enhanced stiffness, the demand for cutting-edge tires has accelerated. As a result, companies like Bridgestone have unveiled ENLITEN Technology that decreases tire rolling resistance by 30% and weight by 20% to expand EV driving range and reduce environmental impact. Therefore, the EV industry is attractive for expanding the tire aftermarket, tire replacement market.

 

FAQs:

Q1) What are the types of tires in the aftermarket, tire replacement market?

There are two major types of tires, namely, radial and bias, in the tire aftermarket, tire replacement market.

Q2) Which region will witness the fastest growth during the forecast period?

Asia-Pacific tire aftermarket, tire replacement is anticipated to witness the fastest growth, attaining a CAGR of 5.09% during the forecast period 2022-2028.

[chemanalystdata]

Carbon Black Prices, Price Trend, News, Analysis & Forecast

Carbon Black Prices: For the Quarter Ending March 2024

Carbon black prices have become a significant focus in various industries due to their widespread use and impact on production costs. Carbon black, a fine powder produced from incomplete combustion of hydrocarbons, finds application in diverse sectors, including rubber manufacturing, plastics, ink formulations, and coatings. The fluctuations in carbon black prices are influenced by several factors, ranging from raw material costs to supply and demand dynamics in global markets.

One of the primary determinants of carbon black prices is the cost of feedstock materials, primarily crude oil and natural gas. Since carbon black is derived from these hydrocarbons, any fluctuations in their prices directly impact the cost of production. The volatility in oil and gas markets, driven by geopolitical tensions, supply disruptions, or shifts in global demand, can lead to considerable fluctuations in carbon black prices.

Additionally, the availability and pricing of other raw materials used in the carbon black manufacturing process, such as carbon monoxide and air, contribute to price variations. Factors such as transportation costs, energy prices, and regulatory changes also play a role in shaping the overall cost structure of carbon black production.

Get Real Time Prices of Carbon Black Prices: https://www.chemanalyst.com/Pricing-data/carbon-black-42

Supply and demand dynamics exert a significant influence on carbon black prices. As industries like automotive, construction, and packaging witness growth, the demand for carbon black escalates accordingly. Conversely, during economic downturns or periods of reduced industrial activity, demand may weaken, putting downward pressure on prices. Moreover, shifts in consumer preferences towards sustainable and eco-friendly products can impact demand for traditional carbon black formulations, affecting pricing dynamics.

Global market trends and trade dynamics also affect carbon black prices. Carbon black is a globally traded commodity, and fluctuations in currency exchange rates, trade policies, and tariffs can influence its pricing. Moreover, developments in major carbon black-producing regions, such as China, the United States, and Europe, including changes in production capacities, regulations, and environmental policies, can impact global supply and demand dynamics, consequently affecting prices.

Environmental regulations and sustainability concerns are increasingly shaping the carbon black industry. Stricter emissions standards and regulations aimed at reducing carbon emissions have prompted carbon black manufacturers to adopt cleaner production technologies and invest in sustainable practices. These initiatives often entail additional costs, which may be passed on to consumers, thereby impacting carbon black prices.

The competitive landscape within the carbon black industry also plays a crucial role in determining prices. The presence of multiple suppliers, each with varying production capacities, cost structures, and geographical footprints, fosters competition. Price wars or strategic pricing decisions by key players can lead to pricing fluctuations in the market.

Moreover, technological advancements and innovations in carbon black production processes can influence prices. Newer production methods that enhance efficiency, reduce energy consumption, or yield higher-quality products may initially come at a premium but can eventually lead to cost savings and price adjustments across the industry.

Market sentiment and macroeconomic factors, such as inflation, interest rates, and global economic growth, also impact carbon black prices. Economic uncertainties or geopolitical tensions can create volatility in financial markets, which can spill over into commodity markets, including carbon black.

In conclusion, carbon black prices are subject to a multitude of factors, including raw material costs, supply and demand dynamics, global market trends, regulatory developments, environmental considerations, industry competition, technological advancements, and macroeconomic factors. Understanding these influences is crucial for businesses reliant on carbon black as a raw material or input in their production processes, as it enables them to anticipate and mitigate risks associated with price fluctuations, optimize procurement strategies, and maintain competitiveness in the market.

Get Real Time Prices of Carbon Black Prices: https://www.chemanalyst.com/Pricing-data/carbon-black-42

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße,

15a Cologne, 50823, Germany

Call: +49-221-6505-8833

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

[earaercircular]

Automotive: Stellantis and Orano join forces in battery recycling

The car manufacturer and the nuclear specialist will create a joint venture aimed at recovering waste from used vehicle batteries and gigafactories.

Orano takes another step towards the automotive sector. This Tuesday, the nuclear specialist announced an agreement with Stellantis[1] “aimed at creating a joint venture specializing in the recycling of end-of-life vehicle batteries and production waste from gigafactories” in Europe and North America.

This new entity must rely on an “innovative low-carbon process” developed by Orano[2], “enabling on the one hand the recovery of all the components of lithium-ion batteries and on the other hand the manufacture of new materials for the cathodes”. It will also make it possible to produce “black mass”, a powder of lithium, cobalt and nickel.[3]

Production launched in early 2026

The elements thus upgraded should enable Stellantis “to consolidate its position in the battery value chain by securing additional supply […] necessary for the electrification of the sector and the energy transition”. The manufacturer also ensures that it complies with the European Union's 2031 batteries’ directive, which provides for the use of recycled materials, in a circular economy approach.

“We are delighted with this partnership concluded with a major player such as Stellantis and to be able to work together on the recycling of used electric batteries,” said Guillaume Dureau, director in particular responsible for Innovation, R&D and batteries at Orano. Production is scheduled to start in early 2026 and will reuse the automaker’s “existing infrastructure and resources.”

This agreement is not Orano's first foray into electric battery recycling[4]. In May, the group announced an agreement to create two joint ventures in Dunkirk with the Chinese company XTC[5], specializing in the production of materials for batteries. Formalized by French president Emmanuel Macron during a trip to the North, of the country this project is estimated at 1.5 billion euros and should create around 1,700 jobs.

Source

AFP, Automobile : Stellantis et Orano s'allient dans le recyclage des batteries, in : Les Echos, 24-10-2023 https://www.lesechos.fr/industrie-services/automobile/automobile-stellantis-et-orano-sallient-dans-le-recyclage-des-batteries-1992032

[1] Stellantis N.V. is a multinational automotive manufacturing corporation formed from the merger of the Italian–American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group. The company is headquartered in Amsterdam. As of 2022, Stellantis is the fourth largest automaker by sales behind Toyota, Volkswagen Group, and Hyundai Motor Group. Stellantis designs, manufactures, and sells automobiles bearing its 16 brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram, and Vauxhall. At the time of the merger, Stellantis had approximately 300,000 employees, a sales presence in more than 130 countries, and manufacturing facilities in 30 countries.

[2] Ever since its beginnings in the 1950s and 1960s, the nuclear industry has had to ponder the question of used fuel management. With the creation of the la Hague treatment plant in 1966, the French nuclear industry acquired a sustainable solution for meeting this need. The la Hague site has evolved over the years and is now – as it has always been – the global benchmark in the field of treatment, a vital step in recycling. Orano la Hague, a major player in used nuclear fuel recycling. the Orano la Hague site is located some 25 kilometres from Cherbourg in the Manche Department in France. https://www.orano.group/country/china/en/our-stories/orano-la-hague

[3] Read also: https://www.tumblr.com/earaercircular/690217753279397888/japanese-start-up-can-recycle-cobalt-and-nickel?source=share&ref=_tumblr

[4] Read also: https://www.tumblr.com/earaercircular/682712149928394752/umicore-becomes-major-supplier-for-electric?source=share&ref=_tumblr

[5] XTC New Energy Materials Xiamen Co Ltd is a China-based company principally engaged in the research and development, production and sales of cathode materials for lithium-ion batteries. The Company's main products are lithium cobalt oxide and Nickel-Cobalt-Manganese (NCM) ternary materials. Its lithium cobalt oxide covers 4.35V, 4.4V and 4.45V models. Its lithium cobalt oxide is mainly used in electronic products such as smart phones, notebook computers, tablet computers, drones, e-cigarettes, and wearable devices. Its NCM ternary materials cover Ni5, Ni6, Ni7 and Ni8 models. Its NCM ternary materials are used in electric vehicle, electric bicycle and consumer electronics fields. https://www.marketscreener.com/quote/stock/XTC-NEW-ENERGY-MATERIALS--126415552/company/#:~:text=XTC%20New%20Energy%20Materials%20Xiamen,materials%20for%20lithium%2Dion%20batteries.

[chemicalresearchupdates]

Emerging Applications Driving the Photoresist Chemicals Market: An In-Depth Study

The photoresist chemicals market is a vital component of the global semiconductor and electronics industry. Photoresist chemicals, often referred to simply as photoresists, play a pivotal role in photolithography, a key process in semiconductor manufacturing. This process involves the transfer of circuit patterns onto silicon wafers, a fundamental step in the production of integrated circuits and microchips. Photoresist chemicals are essential in this process as they enable the selective exposure of specific areas on the wafer to ultraviolet (UV) light, allowing for precise etching and the creation of intricate microstructures.

In recent years, the photoresist chemicals market has witnessed substantial growth due to the increasing demand for smaller and more powerful electronic devices. As technology advances, there is a constant need for smaller and more densely packed semiconductor components, which requires higher precision and finer patterning capabilities. This trend has driven the development of advanced photoresist chemicals with improved resolution and performance, spurring innovation in the market.

The photoresist chemicals market is deeply intertwined with the semiconductor industry's growth and evolution. With the rise of emerging technologies like 5G, artificial intelligence, and the Internet of Things (IoT), the demand for semiconductors has surged, resulting in a proportional increase in the demand for photoresist chemicals. This symbiotic relationship between the semiconductor and photoresist markets is expected to continue driving photoresist chemicals market growth in the industry.

One notable trend in the photoresist chemicals market is the shift towards environmentally friendly and sustainable solutions. As concerns about environmental impact and sustainability become more prominent, manufacturers are increasingly focusing on developing photoresist chemicals that are less harmful to the environment and safer for workers. This has led to the adoption of new formulations and processes that reduce the use of hazardous chemicals, making the industry more eco-friendly.

Moreover, the photoresist chemicals market is characterized by intense competition, with major players constantly striving to innovate and gain a competitive edge. Research and development efforts are ongoing to create photoresist chemicals that can accommodate new semiconductor materials and processes, such as extreme ultraviolet (EUV) lithography, which is crucial for achieving even finer feature sizes in semiconductor manufacturing.

In conclusion, the photoresist chemicals market is a critical component of the semiconductor and electronics industry, facilitating the production of increasingly advanced and compact electronic devices. The market is driven by the need for higher precision and smaller semiconductor components, with a growing emphasis on sustainability and environmental consciousness. Continued innovation and collaboration within the industry will be essential to meet the evolving demands of the semiconductor market and drive future growth in the photoresist chemicals sector.

For More Reports: 

Textile Flooring Market Polymer Concrete Market Conductive Carbon Black Market Magnesium Metal Market

[research-masters]

Specialty carbon black Market Forecast 2024 to 2032

Specialty carbon black is a type of carbon black that is engineered for specific applications or industries, typically to enhance certain properties or characteristics of materials. Carbon black is a fine, powdery form of carbon produced by the incomplete combustion of hydrocarbon fuels, such as natural gas or petroleum. It consists of highly pure carbon in a colloidal particle form and is used as a reinforcing filler in various materials.

The Specialty carbon black Market was valued at USD 2.67 Billion in 2022 and is expected to register a CAGR of 6.8% by 2032.

The automotive industry is a major consumer of specialty carbon black, particularly in the production of high-performance tires. As the automotive sector continues to expand and demand for more fuel-efficient, durable, and high-performance vehicles increases, the demand for specialty carbon black is also likely to rise.

Get a Free Sample Copy

By Application Plastic Ink Coating Others

By End-User Transportation Industrial Building & Construction Printing & Packaging Others

Key Players

Mitsubishi Chemical Corporation Denka Company Limited Phillips Carbon Black Limited Tokai Carbon Co., Ltd. Lion Specialty Chemicals Co., Ltd. Birla Carbon Ampacet Corporation Himadri Specialty Chemical Ltd. Other Prominent Players

Read More

[alliedcreation]

Space Tourism Market is set to zoom past $12,690.6 Million by 2031 end at a moderate CAGR of 36.4%

, “Space Tourism Market by Type and End Use: Global Opportunity Analysis and Industry Forecast, 2022–2031,” the space tourism market size was $598.4 million in 2021 and is expected to reach $12,690.6 million by 2031, registering a CAGR of 36.4% from 2022 to 2031.

The market for space tourism is mostly driven by the rising trend of space tourism across the globe. The market for space tourism is expected to grow faster than expected throughout the projected period as the practice becomes more widely accepted in international markets. In addition, it is anticipated that increasing competition in the space tourism sector will drive down prices. Furthermore, as the orbit is reached by the next-generation space planes, the cost of entering space is anticipated to fall sharply. As a result, the price of launching satellites is probably going to drop significantly, which would lower the overall cost of space exploration operations. As a result, space flight will eventually become a viable economic option.

Request For Sample :- https://www.alliedmarketresearch.com/request-sample/11039

The space tourism market shows high growth potential in Asia-Pacific and LAMEA. Significant contributors to the growth of the Asia-Pacific market include the China National Space Administration (CNSA), the Indian Space Research Organization (ISRO), and Japan Aerospace Exploration Agency (JAXA). CAS Space, a Chinese Academy of Sciences (CAS) spinoff, has been developing rockets for commercial satellite launches.

On the other side, the environment is harmed by space travel. Launches of rockets harm the environment in general. Ozone depletion is caused by the discharge of hazardous gases and black carbon (soot particles) into the upper atmosphere by rocket engines using rocket fuels. Some space firms, though, don't use black carbon as fuel. Rockets powered by liquid hydrogen-hydrogen fuel are used by businesses like Blue Origin's New Shepard. Burning hydrogen produces water vapor instead of carbon dioxide. Such factors are restraining the space tourism market growth.

The space tourism market forecast is segmented on the basis of type, end use, and region. On the basis of type, the market is divided into orbital and sub orbital. The sub orbital segment accounted for a major space tourism market share in 2021, and is expected to grow at a significant CAGR during the forecast period. Suborbital tourism is on the rise as it allows individuals to experience weightlessness and observe space without actually exiting the Earth's orbit. As a result, human spaceflight can reach the edge of the universe without entering orbit.

As per end use, the space tourism market analysis is segmented into Government and commercial. The commercial segment accounted for a major share of the market in 2021, and is expected to grow at a significant CAGR during the forecast period. The commercial space tourism market is rising and expected to dominate the market. There were thirteen commercial spaceflight missions undertaken by several private and government organizations, of which seven missions were executed successfully. Billionaires have invested considerable sums in traveling to space and witnessing the Earth from above.

In 2021, North America accounted for 43.7% share in the global space tourism market and is expected to maintain its dominance during the forecast period. However, LAMEA and Asia-Pacific are expected to possess the highest CAGRs, owing to the rising space tourism market trends and Focus on Research and Development (R&D) initiatives by market players.

Request For Customization :- https://www.alliedmarketresearch.com/request-for-customization/11039

The COVID-19 epidemic has had a significant impact on the commercial aviation sector and has prevented many people from travelling for both leisure and business. The growth of the space tourism market has been hampered by the setback in the travel and tourism sector. It is believed that this effect may lengthen space missions and momentarily halt long-haul missions. There are now more options for supersonic and hypersonic flights because to the expansion of corporate jet travel and in-flight connectivity. When compared to other mediums, it has enabled the companies to realize the potential for time savings on long-haul flights.

The major players analyzed for the global space tourism industry is Blue Origin, Virgin Galactic, SpaceX, Airbus Group SE, Boeing, ZERO-G, Axiom Space, Bigelow Aerospace, Orion Span, Space Adventures, Space Perspective, World View Enterprises, Zero2Infinity.

KEY FINDINGS OF THE STUDY

By type, the sub-orbital segment was the highest revenue contributor to the market with $355.3 million in 2021 and is estimated to reach $7,227.7 million by 2031, with a CAGR of 35.8%. Depending on end-use, the commercial segment was the highest revenue contributor to the market, with $348.2 million in 2021, and is estimated to reach $7,046.4 million by 2031, with a CAGR of 37.7%. Region-wise, North America was the highest revenue contributor, accounting for $267.2 million in 2021, and is estimated to reach $4,936.7 million by 2031, with a CAGR of 34.6%.

Buy Now :- :- https://www.alliedmarketresearch.com/checkout-final/82fcd0aa3e33a7fe66937f2bcdd9bdeb

[pearlsmith25]

Carbon Black Market Explored: Regional Trends and Market Expansion Strategies

Carbon black is a versatile and ubiquitous material derived from the incomplete combustion of hydrocarbon-based fuels. It is primarily composed of carbon particles in the form of aggregates and exhibits unique properties such as high tensile strength, excellent conductivity, and high resistance to ultraviolet (UV) radiation. These characteristics make carbon black a widely used industrial material, with applications ranging from rubber reinforcement to plastics, paints, and coatings.

Market Overview:

The global carbon black market has experienced significant growth over the years and is expected to continue expanding in the coming years. The market is driven by the growing demand for carbon black across various end-use industries, such as automotive, construction, industrial, and packaging. The increasing adoption of carbon black as a reinforcing agent in tires, coupled with the expanding automotive sector, has been a key driver for market growth.

Key Factors Driving Market Growth:

Automotive Industry: The automotive industry is the largest consumer of carbon black, accounting for a significant portion of the market demand. Carbon black is extensively used as a filler and reinforcement material in tire manufacturing, enhancing tire performance, durability, and traction. The expanding global automotive industry, driven by rising disposable incomes, urbanization, and growing transportation needs, has fueled the demand for carbon black.

Construction Sector: The construction industry is another prominent end-user of carbon black. Carbon black is utilized in the production of construction materials such as concrete, asphalt, and roofing membranes. It provides enhanced strength, UV resistance, and improved longevity to these materials, making them suitable for demanding applications in the construction sector.

Growing Manufacturing Sector: The manufacturing sector's growth, particularly in emerging economies, has bolstered the demand for carbon black. The material finds extensive usage in industrial rubber compounds, electrical conductive plastics, printing inks, and various coatings. As manufacturing activities continue to expand, the demand for carbon black is anticipated to rise correspondingly.

Increasing Focus on Sustainability: The carbon black industry has witnessed a growing emphasis on sustainability and environmental regulations. Carbon black manufacturers are investing in the development of sustainable production techniques and are striving to reduce carbon emissions and energy consumption. This trend has led to the emergence of novel manufacturing processes and the introduction of environmentally friendly carbon black products, which are gaining traction in the market.

Regional Analysis:

The carbon black market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Asia Pacific: The Asia Pacific region dominates the global carbon black market, driven by the presence of a vast manufacturing sector, especially in countries like China and India. Rapid industrialization, urbanization, and infrastructural development in the region have significantly contributed to the demand for carbon black.

North America: The North American carbon black market is primarily influenced by the automotive industry and the increasing demand for high-performance tires. Additionally, the rising focus on sustainable manufacturing practices and the presence of major market players in the region contribute to market growth.

Europe: Europe is another significant market for carbon black, owing to the robust automotive industry and stringent environmental regulations. The region's focus on reducing carbon emissions and promoting sustainable manufacturing has led to the development of advanced carbon black products.

Latin America, Middle East, and Africa: These regions are witnessing steady growth in the carbon black market due to expanding construction and manufacturing activities. Moreover, the increasing population, rising disposable incomes, and infrastructure development projects fuel the demand for carbon black.

Key Market Players:

Several prominent companies operate in the global carbon black market, including:

Cabot Corporation Orion Engineered Carbons Birla Carbon Phillips Carbon Black Limited Tokai Carbon Co., Ltd. Mitsubishi Chemical Corporation Jiangxi Black Cat Carbon Black Co., Ltd. Sid Richardson Carbon & Energy Co. Longxing Chemical Stock Co., Ltd. Omsk Carbon Group Future Trends and Opportunities:

The carbon black market is expected to witness significant growth and evolving trends in the future. Some key trends include:

Focus on Sustainable Production: Carbon black manufacturers will continue investing in sustainable production technologies, including cleaner energy sources and efficient processes, to reduce carbon footprints and meet environmental regulations.

Shift Towards Specialty Carbon Black: The demand for specialty carbon black, such as conductive and high-performance grades, is projected to increase. These variants find applications in electronics, lithium-ion batteries, and specialty coatings.

Growing Research and Development: Companies are actively involved in R&D activities to develop advanced carbon black products with improved properties. These innovations aim to meet evolving customer requirements and expand application areas.

Emerging Applications: The development of novel applications, such as energy storage systems, water filtration, and advanced electronics, presents significant growth opportunities for the carbon black market.

Conclusion:

The global carbon black market is witnessing steady growth, driven by the expanding automotive and construction industries, increasing manufacturing activities, and a focus on sustainability. The market's future is expected to be characterized by advanced production techniques, a shift towards specialty carbon black, and emerging applications. As industries continue to evolve, carbon black will remain a vital material, meeting the diverse needs of various sectors and contributing to technological advancements and sustainability efforts.

[abhigmi]

Concrete Chain Saw Market Size, Incredible Possibilities, Growth Analysis and Forecast by 2028 End

The concrete chain saw market is slated to witness exponential growth by 2028 on account of the booming construction and building maintenance sector around the world. In addition, growing awareness regarding the benefits of using a concrete chainsaw is likely to fuel industry development over the forecast period.

The widespread use of concrete chain saws in roadbuilding projects, along with their increasing adoption in search & rescue and firefighting, has propelled market expansion over the past few years. Notably, industry players have been adopting lucrative strategies to cater to the rapidly expanding construction industry worldwide, which has favorably impacted the overall business outlook of the concrete chain saw market.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/5224

For instance, in December 2021, Stanley Black & Decker, a global manufacturer of household hardware and industrial tools, announced the acquisition of Excel Industries, a leading provider of residential and commercial turf equipment, and MTD Products, a U.S.-based manufacturer of outdoor power equipment. The addition of two complementary businesses enabled Stanley Black & Decker to strengthen its position as an outdoor power tool manufacturer in the industry.

Similarly, in October 2021, Platinum Equity, a major private equity company, announced the acquisition of Oregon Tool, Inc., a U.S.-based manufacturer of high-quality cutting tools, including saw chains. The deal enabled Oregon Tool to grow its business by leveraging Platinum's operational expertise and investment.

To cite another instance, in February 2021, STIHL, a leading producer and seller of outdoor power tools, launched its novel chain saws, dubbed the STIHL MS 881 R MAGNUM and STIHL MS 881 MAGNUM. These models claimed to offer the same power as the previous model while using a reduced amount of fuel and releasing lesser emissions, saving both time and money while also being better for the environment. These chain saws have been designed for highly demanding applications like land clearing, logging, and thinning.

The concrete chain saw market has been bifurcated on the basis of type and region. In terms of type, the market has further been classified into pneumatic chain saw, gas chain saw, and hydraulic chain saw. The pneumatic chain saw sub-segment is speculated to expand at a considerable CAGR over the assessment timeline to reach a notable valuation by the end of 2028. Growing environmental concerns and strict regulations pertaining to carbon-emitting equipment are likely to propel the demand for air-powered pneumatic chain saws in the coming time period.

Request for customization @ https://www.gminsights.com/roc/5224

In the regional landscape, the Latin America concrete chain saw market is anticipated to progress at a CAGR of more than 4% through the projected period to account for a considerable portion of the overall industry revenue by 2028. Rising focus on infrastructural development in Latin America is expected to augment market adoption in the region over the forthcoming years.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Scope & definitions

1.2    Methodology and forecast parameters

1.3    Region-wise COVID-19 impact analysis:

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    Middle East & Africa (MEA)

1.4    Data Sources

1.4.1    Secondary

1.4.2    Primary

1.5    Industry Glossary

Chapter 2   Executive Summary

2.1    Concrete chain saw market 3600 synopsis, 2018 - 2028

2.2    Business trends

2.2.1    Regional trends

2.2.2    Type trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/concrete-chain-saw-market

HVAC & Construction Research Reports

U.S. Home Remodeling Market

Range Hood Market

Ice Maker Market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Aashit Tiwari

Corporate Sales, USA

Global Market Insights Inc.

Toll Free: 1-888-689-0688

USA: +1-302-846-7766

Europe: +44-742-759-8484

APAC: +65-3129-7718

Email: sales@gminsights.com

[rohittriton]

Tire Aftermarket, Tire Replacement Market: A Competing Shift

A flat tire is among the several inconveniences vehicle owners aim to avoid. Whether due to valve system damage or blowout due to over-inflation, the absence of a proper tire can severely damage the wheel and trigger tire replacement. This drawback has instigated several tire producers to invest in R&D to develop high-performance, fuel-efficient tires, opening avenues for the global tire aftermarket, tire replacement market.

Additionally, integrating systems like anti-lock braking systems, electronic power control, and tire pressure monitoring systems has upheaved the demand for tire aftermarket services. Our estimates have gathered that the global market is set to gain revenue worth $93.38 billion by 2028, rising at a CAGR of 4.43% during the forecast years 2022-2028.

Developments in Aftermarket Services

Wait, did you say airless tires? Instead of air, tires are now integrated with a network of spokes that keeps the wheels rigid while giving them a see-through appearance. Each year, around 20% of tires are trashed due to puncture or uneven wear, stimulating manufacturers like Michelin to launch UPTIS airless automobile tire design that results in lower raw material and waste consumption. In this regard, the company has teamed up with GM to introduce UPTIS by 2024.

Besides, the tires’ ability to bear high weight and absorb shocks is anticipated to support the growth of the 16-18-inch rim size category. Numerous players have opted for this size since it offers additional grip, braking performance, and ride comfort, a major driving force for the tire aftermarket, tire replacement market.

The Green Initiative: With the average crude oil price rising from $39.68 in 2020 to $97.64 in 2022 and the rising carbon footprint, the demand for energy-efficient tires has boosted the tire replacement market. Besides, advances in tire energy efficiency can decrease global fuel consumption by around 5% in passenger vehicles, per the International Council on Clean Transportation. This has led low rolling resistance tires to gain immense traction among consumers to lower their total carbon footprint.

Considering this trend, in January 2023, Goodyear revealed a demonstration tire made of 90% sustainable materials, including carbon black and soybean oil. While it stated the need for further collaboration to bring 90% sustainable tires into the market, the company plans to sell them with 70% sustainable material in 2023. Our analysis indicates that the radial tire type captures the highest share in the market as it has lower rolling resistance, achieving greater fuel efficiency.

Labeling Culture: Labeling has emerged as a viable solution to differentiate products from packaging to tires. However, governments are striving to implement standards to eliminate redundant performance classes from the scale. For instance, the label design will be changed in the US with snow and ice grip symbols. The European Commission also introduced Euro 7 standards for particle emission from tires and brakes to ensure cleaner vehicular movement and air quality across the region.

Other than this, the Indian government mandated new standards in 2021 to enhance fuel efficiency and braking impact on wet roads. Earlier in 2022, Michelin became the first tire brand to receive a 4-star rating by the Bureau of Energy Efficiency, India, under the new star labeling program. Such steps by government bodies to promote sustainability are set to be a growth enabler for the Asia-Pacific tire aftermarket, tire replacement market.

Electric Vehicle: Revving Up the Ride

Over the course of a decade, electric vehicle sales soared to reach around 7 million units in 2021. Fueled by the falling costs of lithium-ion batteries, the rising EV sales have revolutionized the automotive industry and the tire sector. Furthermore, since the additional weight of batteries in EVs lead to enhanced stiffness, the demand for cutting-edge tires has accelerated. As a result, companies like Bridgestone have unveiled ENLITEN Technology that decreases tire rolling resistance by 30% and weight by 20% to expand EV driving range and reduce environmental impact. Therefore, the EV industry is attractive for expanding the tire aftermarket, tire replacement market.

FAQs:

Q1) What are the types of tires in the aftermarket, tire replacement market?

There are two major types of tires, namely, radial and bias, in the tire aftermarket, tire replacement market.

Q2) Which region will witness the fastest growth during the forecast period?

Asia-Pacific tire aftermarket, tire replacement is anticipated to witness the fastest growth, attaining a CAGR of 5.09% during the forecast period 2022-2028.

[kenresearch1]

Top 4 players in US Black Carbon market

Buy Now

STORY OUTLINE

Cabot Corporation: A leading contributor of US Black Carbon market since 1882. Their products are known to provide UV protection and conductivity.

Birla Carbon: An Indian flagship business with more than 160 years of experience in the Black Carbon business.

Continental Carbon Company: Providing Black Carbon products in lines of Industrial Rubber Carbon Black, Tire Rubber Carbon Black, and Specialty Carbon Black since 1936.

Orion Engineered Carbons: Providing Black carbon products majorly in two areas, i.e., Rubber Black Carbon and Specialty Black Carbon for more than 160 years.

According to Ken Research, the United States Black Carbon market is anticipated to become a ~USD 3 Bn. industry by 2028 by growing at a CAGR of ~2.5%.

The US Carbon Black market is rapidly growing and is anticipated to attain a significant level of growth in the upcoming years.

There are many reasons behind the growth of US Carbon Black market. Some of these reasons include increasing automotive sales, industrial growth and increase in urbanization rates, along with rise in the demand for rubber goods.

Various companies and players are contributing to their best efforts in the growth of the US Black Carbon market.

This article aims to put light on the contributions done by the major players towards the growth of the US Black Carbon market.

1.Cabot Corporation

Click here know more about this report

Founded in 1882, headquartered in Boston, Massachusetts, having more than 4000 employees worldwide, and presence in more than 20 countries along with a total revenue of USD 4 Bn. in 2022, this chemical company is a leading contributor of US Black Carbon market.

During 1993, their team was successful in developing a method or process of modifying carbon’s surface, which in turn allowed people to be able to change or modify the carbon surface with other chemicals.

This discovery also led to the development of various other technologies such as printer ink and inject colorants.

The products made by this organization has various applications in various fields such as consumer rubber products, adhesives & sealants, construction, digitalization, inject technology, oil, gas & mining, digitalization, fiber, plastics, tires, etc.

When it comes to Black Caron, this chemical company happens to be the largest producer of it. Some of the popular Black Carbon products offered by this organization include VULCAN, BLACK PEARLS, REGAL, MOGUL, ELFTEX, STERLING, MONARCH, etc.

One of the most amazing feature of their specialty carbons is that they are known to provide ultraviolet protection, and conductivity. Furthermore, these carbons are generally used in the areas of coatings, plastics, printing and packaging.

2.Birla Carbon

Click Here to Download a Sample Report

Birla Carbon is one of the flagship business of the parent company Aditya Birla Group. This flagship business is the largest producer of carbon black and is a well-established business not only in the US Carbon Black but in the whole world when it comes to black carbon.

One of the interesting facts about this organization is that it has more than 160 years of experience when it comes to the Carbon industry. Moreover, this organization has 16 manufacturing sites, 2 corporate offices, 2 technology centers, and 8 offices situated in the whole world.

Their manufactured Black Carbon is primarily used in areas of Tires, Specialty Blacks, plastics, electronic products, and mechanical rubber goods.

Last year, they also have opened their remote black carbon showroom which is primarily done to get a knowledge of benefits along with applications of black carbon products.

Their black carbon primarily come in two types, i.e., Industrial and Rubber. Former’s products include COPEBLACK, RAVEN, and CONDUCTEX. While the latter’s products include STATEX and FURNEX.

Recently, they also announced that they aspire to achieve zero carbon emissions by the year 2050.

To achieve this aspiration, they are also following the Green Finance framework. Birla Carbon is also keen to achieve sustainability excellence. In fact, last year the celebrations for their decade of sustainable excellence were also done.

3.Continental Carbon Company

Headquartered in Houston, Texas; with more than 500 employees and presence in almost 15 countries, the Continental Carbon Company is a leading American company in the US Black Carbon market. This company has been in this market since 1936.

They have various lines of work within their Black Carbon range. Industrial Rubber Carbon Black, Tire Rubber Carbon Black, and Specialty Carbon Black are primarily the three of their product lines.

Their Industrial Rubber Carbon Black is suitable for many things such as flex strength for belts & hoses, weather stripping, abrasion resistance for footwear, and commercial roofing. The products in this line include N550, N650, N660, N683, N762 and N774.

Their Tire Rubber Carbon Black is primarily provides fuel mileage, abrasion resistance, treadwear, hysteresis. The products in this category include N234, N326, N330, N351, LH30, N550, N650 and N660.

Their Specialty Carbon Black typically provides conductivity, UV protection, and pigmentation. The products in this category primarily include SBX152, SBX252, SBX352, SBX452, SBX552, SBX652, SBX256, SBX656, SBX 251, and SBX351.

4.Orion Engineered Carbons

Click here Request for custom report

Operating in the Black Carbon market for more than 160 years, this German company is a well-established company in the US Black Carbon market. It has its headquarters situated in Luxembourg, Europe. On the other hand, its executive offices are situated in Houston, Texas, US.

This company was formed in the year 2011 when the Evonik Industries decided to sell off their Black Carbon business. Now this chemical company is known to be the pigment black’s largest producer, and rubber blacks’ third largest producer in the world.

Their product lines can be broadly divided into two categories: Rubber Black Carbon and Specialty Black Carbon. The former is primarily used in the tire industry while the latter is typically used paints, coatings, and lithium-ion batteries.

Footwear, Wiper Blades, Gaskets, Seals, Extruded Profiles, Tubes, Rubber flooring, Anti-vibration engine mounts, Seals, Belts, etc. are the primary applications of their Black Carbon products.

Their Black Carbon products primarily include Thermal Blacks, Furnace Blacks, Specialty Gas Blacks, Lamp Blacks, Acetylene Blacks, etc.

[blueweavelaltusinha]

Angola Tire Market Size, Share, Report 2022-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Angola tire market size to grow at an impressive CAGR of 11.69% by 2029. The primary drivers driving the expansion of the Angola Tire Market are rising sales of passenger, luxury, and electric cars (EVs) as a result of rapid urbanization and rising consumer purchasing power. Demand for premium-grade tires with a longer operational life improved stability and reliability, and exceptional puncture resistance is growing as a result of greater attention to driver and passenger safety as well as an increase in fatal traffic accidents. Major players are introducing airless, light, and 3D-printed versions. Much effort is being placed into recovering and recycling old Tires to decrease their environmental impact and save a substantial portion of the energy needed to make new Tires. More transportation and logistical tasks are being accomplished to deliver shipments on time. It, in turn, is expected to promote the market expansion. A rise in the agricultural output is expected to offer significant room for expansion for Angola tire market.

Angola Tire Market – Overview

A tire is a ring-shaped, circular car component that surrounds a wheel rim and is filled with pressurized air. Wire, silica, carbon black, steel, rubber, either natural or synthetic, and other materials are used to make it. It stabilizes the vehicle by lessening vibrations and enhancing shock absorption while transferring the weight of the vehicle from the axle to the ground. It enhances the vehicle's efficiency, mileage, passenger safety, and wear and tear. It is currently often accessible in several sizes and versions depending on the type of vehicle.

Sample Request @ https://www.blueweaveconsulting.com/report/angola-tire-market/report-sample

Angola Tire Market – By Demand

On the basis of demand, Angola tire market is segmented into OEM and Replacement. The OEM segment holds a higher share of the market, and it is expected that this trend will persist during 2023–2029. OEMs are aggressively investing money in R&D to produce tires that are lightweight, environmentally friendly, and meet regulatory requirements. OEM tires are always of the highest caliber and can be used for a variety of purposes. It operates brilliantly outside of the showroom due to its design goals of being quiet, strong, and useful on the road. Therefore, it is expected that the OEM market segment would dominate the sector in the years to come.

Competitive Landscape

Major companies in Angola tire market include Bridgestone Corp., Continental Tires, Dayton Tires, Firestone Tires, BF Goodrich Tires, Cooper Tires, Dunlop Tires, Goodyear, Hankook, and Kumho Tires. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Angola Tire Market.

Contact Us:

BlueWeave Consulting & Research Pvt. Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com

[blueweave8]

Djibouti Tire Market Size, Share, Forecast 2023-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Djibouti tire market size to grow at a CAGR of 7.20% during the forecast period between 2023 and 2029. The increasing sales of passenger, luxury, and electric vehicles (EVs) as a result of quick urbanization and rising consumer spending power are the main factors fueling the growth of Djibouti tire market. The increasing emphasis on driver and passenger safety as well as the rise in fatal traffic accidents are driving demand for premium quality tires with a longer operational life, improved stability and reliability, and high puncture resistance. Major players are introducing variations that are airless, light, and 3D printing. To lessen the impact they have on the environment and conserve a significant amount of the energy required to produce new tires, a lot of effort is being put into recovering and recycling old tires. To deliver packages on time, more logistics and transportation tasks are being completed. This in turn is encouraging market growth. An increase in agricultural production is also expected to create significant growth opportunities for the industry.

Djibouti Tire Market – Overview

A tire is a circular, ring-shaped auto part that houses a wheel rim and is inflated with compressed air. It is made from wire, silica, carbon black, steel, natural or synthetic rubber, and other materials. It transfers the weight of the car from the axle to the ground and provides stability by reducing vibrations and improving shock absorption. It improves the performance, mileage, passenger safety, and wear and tear of the vehicle. Depending on the type of vehicle, it is now frequently available in a variety of sizes and variants.

Sample Request @ https://www.blueweaveconsulting.com/report/djibouti-tire-market/report-sample

Growth Drivers

Technology Advancements

Tire producers are creating a system known as "Contact Area Information Sensing" (CAIS), which entails mounting a sensor to the interior wall of the tire and tracking how it interacts with the road's surface. The system analyses the road's condition to determine whether it is dry, wet, slushy, fresh snow-covered, or icy, and then transmits that information in real time to the driver via a digital screen. CAIS technology, which is currently used by tire manufacturers, could advance if it could share data with other vehicles that are similarly networked. This might allow the car to expect what the car in front will do.

Challenge:

Fluctuations in Raw Material Prices

Oil prices, fluctuating raw material prices, higher input costs brought on by the scarcity of natural rubber, and other factors all put pressure on the Djibouti tire market. Furthermore, almost all raw materials are crude derivatives, which makes them reliant on crude oil's price. Raw materials used in their production, primarily synthetic and natural rubber, account for the majority of the cost of making tires. Recently, crude oil prices have risen significantly everywhere. It is expected that the price of synthetic rubber and other crude derivatives used in the production of tires will increase in the coming years.

Impact of COVID-19 on Djibouti Tire Market

The value of the passenger tire sector was significantly reduced in 2020 as a result of the coronavirus pandemic. The expansion of the passenger tire market was hampered by the temporary suspension of tire production as a result of disruptions in the supply chain for raw materials and temporary shutdowns of production lines in a variety of industries, including the automotive and automobile industries. Due to the forced production halts at big businesses like Bridgestone and Goodyear, sales of passenger tires decreased.

Djibouti Tire Market – By Demand Category

Djibouti tire market is divided into two demand categories: OEM and Replacement. The OEM (Original Equipment Manufacturer) segment currently holds a higher market share, and this trend is expected to continue throughout the forecast period (2023–2029). OEMs are currently investing in R&D to develop lightweight, environmentally friendly tires that meet regulatory standards. OEM tires are always of the highest quality and can be used for a wide range of applications. Because of its design goals of being quiet, durable, and useful on the road, it performs admirably outside of the showroom. OEM segment is expected to control a large portion of the market in the coming years.

Competitive Landscape

Djibouti tire market is fiercely competitive, Major players in the market include Mantrac Group, Bridgestone, SPORTRAK TIRE GROUP LIMITED, MRF, Michelin, CEAT Limited, APOLLO TYRES LTD, Kilotreads (Paarl) (PTY) Ltd, Yokohama Tires, and Dudhia Tires Manufacturers. companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Djibouti tire market.

Contact Us:

BlueWeave Research Blog

Phone No: +1 866 658 6826

Email: info@blueweaveconsulting.com

[tritonmarketresearch]

Tire Aftermarket, Tire Replacement Market: A Competing Shift

Tire AftermarketA flat tire is among the several inconveniences vehicle owners aim to avoid. Whether due to valve system damage or blowout due to over-inflation, the absence of a proper tire can severely damage the wheel and trigger tire replacement. This drawback has instigated several tire producers to invest in R&D to develop high-performance, fuel-efficient tires, opening avenues for the global tire aftermarket, tire replacement market.

Additionally, integrating systems like anti-lock braking systems, electronic power control, and tire pressure monitoring systems has upheaved the demand for tire aftermarket services. Our estimates have gathered that the global market is set to gain revenue worth $93.38 billion by 2028, rising at a CAGR of 4.43% during the forecast years 2022-2028.

Developments in Aftermarket Services

Wait, did you say airless tires? Instead of air, tires are now integrated with a network of spokes that keeps the wheels rigid while giving them a see-through appearance. Each year, around 20% of tires are trashed due to puncture or uneven wear, stimulating manufacturers like Michelin to launch UPTIS airless automobile tire design that results in lower raw material and waste consumption. In this regard, the company has teamed up with GM to introduce UPTIS by 2024.

Besides, the tires’ ability to bear high weight and absorb shocks is anticipated to support the growth of the 16-18-inch rim size category. Numerous players have opted for this size since it offers additional grip, braking performance, and ride comfort, a major driving force for the tire aftermarket, tire replacement market.

The Green Initiative: With the average crude oil price rising from $39.68 in 2020 to $97.64 in 2022 and the rising carbon footprint, the demand for energy-efficient tires has boosted the tire replacement market. Besides, advances in tire energy efficiency can decrease global fuel consumption by around 5% in passenger vehicles, per the International Council on Clean Transportation. This has led low rolling resistance tires to gain immense traction among consumers to lower their total carbon footprint.

Considering this trend, in January 2023, Goodyear revealed a demonstration tire made of 90% sustainable materials, including carbon black and soybean oil. While it stated the need for further collaboration to bring 90% sustainable tires into the market, the company plans to sell them with 70% sustainable material in 2023. Our analysis indicates that the radial tire type captures the highest share in the market as it has lower rolling resistance, achieving greater fuel efficiency.

Labeling Culture: Labeling has emerged as a viable solution to differentiate products from packaging to tires. However, governments are striving to implement standards to eliminate redundant performance classes from the scale. For instance, the label design will be changed in the US with snow and ice grip symbols. The European Commission also introduced Euro 7 standards for particle emission from tires and brakes to ensure cleaner vehicular movement and air quality across the region.

Other than this, the Indian government mandated new standards in 2021 to enhance fuel efficiency and braking impact on wet roads. Earlier in 2022, Michelin became the first tire brand to receive a 4-star rating by the Bureau of Energy Efficiency, India, under the new star labeling program. Such steps by government bodies to promote sustainability are set to be a growth enabler for the Asia-Pacific tire aftermarket, tire replacement market.

Electric Vehicle: Revving Up the Ride

Over the course of a decade, electric vehicle sales soared to reach around 7 million units in 2021. Fueled by the falling costs of lithium-ion batteries, the rising EV sales have revolutionized the automotive industry and the tire sector. Furthermore, since the additional weight of batteries in EVs lead to enhanced stiffness, the demand for cutting-edge tires has accelerated. As a result, companies like Bridgestone have unveiled ENLITEN Technology that decreases tire rolling resistance by 30% and weight by 20% to expand EV driving range and reduce environmental impact. Therefore, the EV industry is attractive for expanding the tire aftermarket, tire replacement market.

[stratviewresearch]

Specialty Carbon Black Market Pegged for Robust Expansion by 2028

Stratview Research has published a new report on the Specialty Carbon Black Market after a thorough analysis of the market. The key sources of information gathered for the report include various industry experts, suppliers, manufacturers, associations along with business distributions. The research report determines unique benefits of the various market size, share and the patent industry.

Wish to know more about the study? Click here to get a Free Sample.

The objective of the Specialty Carbon Black Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.

In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Specialty Carbon Black Market.

Market Insights – The Specialty Carbon Black Marketis projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.

Few key players operating in the Specialty Carbon Black Market are-

Birla Carbon

Orion Engineered Carbons S.A.

Cabot Corporation

Omsk Carbon Group

Philips Carbon Black Limited

China Synthetic Rubber Corporation

Tokai Carbon CB, Ltd.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Specialty Carbon Black Market value and growth drivers over the trend period of 2022-27. According to the report -

Specialty carbon black market is likely to witness an impressive CAGR of 8.1% during the forecast period. Growing demand for plastics, paints, and coatings in building and construction, packaging and automotive industries are the major factors driving the demand for specialty carbon black in the global market.

Segment Analysis:

Based on Application Type:

Based on the application type, the specialty carbon black market has been segmented as plastic, ink, coating, and others. The plastic application segment dominated the specialty carbon black market and is expected to remain the major one during the forecast period as well. Further, it is also expected to register the highest growth during the forecast period.

Based on Region:

In terms of regions, Asia-Pacific is expected to remain the largest market for specialty carbon black during the forecast period. Significant economic development in the region along with the rising disposable income has led to expanding end-use industries, such as building and construction, automotive, food & beverage, personal care, and healthcare. All these factors are contributing towards the dominance of Asia-Pacific in the global specialty carbon black market.

Know more about the report, click here

Critical Questions Answered in the Report

What are the key trends in the global Specialty Carbon Black Market?

How the Specialty Carbon Black Market (and its various sub-segments) has grown in the last five years?

What would be the growth driver and growth rate in next five years?

What is the impact of COVID-19 on the Specialty Carbon Black Market?

What are the key strategies adopted by the major vendors to lead in the Specialty Carbon Black Market?

What is the market share of the key players?

Target Audience

The following is a list of the customers that the Specialty Carbon Black Market aims to convert the most:

Manufacturing Organizations

Distributors & Suppliers

Potential Investors

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, or to cover analysis on any particular geography or segment, please send your inquiry at sales@stratviewresearch.com or +1-313-307-4176.

What we do –Stratview Research is a growing market research firm. Experts here illustrate innovative, descriptive, and comprehensive insights through market research to satisfy your individual and organizational objectives. We assist the users to make well-informed, profound and favourable decisions to comprehend the advantages of forthcoming trends, developments, assessments, and opportunities through our precise understanding of the market.

[leasemiral]

Stem battery overview youtube

The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies. The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. In addition, the impact of Covid-19 on the market is also featured in the report. The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry. The report has been compiled through extensive primary and secondary research. The projections are calculated using proven research methodologies. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The report offers a comprehensive evaluation of the Global Carbon Black in Lead Acid Battery Market. The report analyses the Global Carbon Black in Lead Acid Battery Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.īased on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth. The matrix is also used for risk analysis to understand the risk involved with each approach. Market Development, Market Penetration, Product Development and Diversification. The matrix can be used to evaluate approaches in four strategies viz. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The report presents a detailed Ansoff matrix analysis for the Global Carbon Black in Lead Acid Battery Market. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. The tool uses various factors for categorizing the players into four categories. The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score.