Japan Carbon Black Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 3.0% from 2024 to 2030.
Japan's carbon black market is experiencing significant growth, driven by its diverse applications across various industries. In 2022, the market generated a revenue of approximately USD 2,170.6 million and is projected to reach USD 3,008.0 million by 2030, exhibiting a compound annual growth rate (CAGR) of 4.2% during the forecast period. citeturn0search0
The carbon black market in Japan encompasses several types, each catering to specific industrial needs:
Furnace Black: The most commonly produced type, utilized extensively in rubber reinforcement, especially in tire manufacturing.
Channel Black: Known for its fine particle size, it's primarily used in specialized inks and coatings.
Thermal Black: Produced through the thermal decomposition of hydrocarbons, it's used in applications requiring low structure carbon black.
Acetylene Black: Characterized by its high purity and conductivity, making it ideal for electrical applications, including batteries.
The demand for carbon black in Japan is largely influenced by its applications across various sectors:
The automotive sector is a significant consumer of carbon black, primarily in tire manufacturing. Carbon black enhances tire durability, strength, and performance. Japan's stringent tire labeling regulations, which mandate disclosure of fuel efficiency, wet grip, and exterior rolling noise, drive the demand for high-quality carbon black grades that comply with these standards. citeturn0search2
In the plastics industry, carbon black serves as a pigment and UV stabilizer, enhancing the aesthetic appeal and longevity of plastic products. The segment is anticipated to register the fastest growth during the forecast period, reflecting the increasing demand for high-performance plastics in various applications. citeturn0search0
Ongoing infrastructure and construction projects in Japan drive the demand for carbon black, which is used to improve the durability and properties of building materials like asphalt, concrete, and roofing materials. The expansion of the construction sector fuels the nation's demand for carbon black. citeturn0search2
The shift towards sustainable and renewable energy sources is anticipated to increase the need for carbon black in energy storage devices like lithium-ion batteries. The development of battery technology in Japan and its dedication to renewable energy sources may increase the demand for carbon black in this industry. citeturn0search2
Japan's carbon black market is poised for steady growth, driven by its diverse applications and the country's commitment to technological innovation and sustainability. The development of specialized grades tailored for specific industries, such as inks and polymers, is expected to further propel market expansion. Additionally, the increasing emphasis on recycling and sustainability has led to the incorporation of carbon black in eco-friendly applications, aligning with global environmental goals. citeturn0search1
In conclusion, the carbon black market in Japan is characterized by its adaptability to various industrial requirements, continuous innovation, and alignment with environmental sustainability initiatives. As industries evolve and new applications emerge, the demand for different types of carbon black is expected to rise, solidifying its role as a critical component in Japan's industrial landscape.
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Aditya Birla
Cabot Corporation
Orion Engineered Carbonss
Black Cat Carbon Black
China Synthetic Rubber Corporation (CSRC)
Tokai Carbon Co. Ltd.
Omsk
Phillips Carbon Black Limited
Sid Richardson
Longxing Chemical
HUADONG RUBBER MATERIAL
BAOHUA
JINNENG
DAGUANGMING GROUP
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Carbon Black Market
Standard Carbon Black
High-Performance Carbon Black
Specialty Carbon Black
Tire Manufacturing
Rubber Products
Plastics
Coatings & Inks
Electronics
Furnace Black Process
Gas Black Process
Thermal Black Process
Automotive
Consumer Goods
Aerospace
Construction
Electronics
Rubber Grades
Plastics Grades
Specialty Grades
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Carbon Black Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Carbon Black Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Carbon Black Market, By Type
6. Japan Carbon Black Market, By Application
7. Japan Carbon Black Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Carbon Black Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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