The global carbon black market for textile fibers was 85.2-kilo tons in 2012. Declining cotton production on account of growing demand for other agricultural crops has been driving demand for synthetic textile fibers. Carbon black is widely used in various applications such as rubbers and tires. Carbon black is also gaining adoption in textile industry as a coloring agent. carbon black market for textile fibers is still in nascent stages and is expected to witness a significant growth rate over the next six years.
Global carbon black market for textile fibers volume by product, 2012-2020 (Kilo Tons)
Increasing demand for synthetic textiles on account declining cotton production is expected to drive its demand over the forecast period. Carbon black provides high color fastness and consistent characteristics for fibers. Growing importance for high tensile strength, minimal color migration, and low environmental impact in the production of textile fibers is expected to positively impact carbon black demand. Carbon black improves tensile strength and reduces wear & tear degradation in textile fibers. Growing demand for superior quality fabrics for durable applications such as industrial clothing, defense, and outdoor wear is expected to drive carbon black’s demand owing to the above stated properties. Carbon black has been gaining acceptance in military textiles owing to its characteristics to improve color requirements, improve serviceability and lessen infrared radiation criteria. This trend is further expected to augment the market growth over the forecast period.
A study by International Agency for Research on Cancer (IARC) has identified carbon black as a possible carcinogen to humans. This is expected to hinder the market growth. Carbon black is produced through incomplete combustion of hydrocarbons such as petroleum oil, coal tar, ethylene cracking tar and natural gas. Increasing concerns regarding depleting crude oil reserves and fluctuating petrochemical prices are expected to pose challenges to the market in terms of pricing and profitability.
Polyester textile fibers were a major product segment for the market. Polyester is a widely used synthetic fiber in textile industry and its demand is expected to grow over the forecast period. Increasing consumption of polyester textile fibers, in turn, is expected to drive carbon black demand over the next six years. Nylon textile fibers demand in synthetic textile production is expected to grow significantly owing to its abrasion resistance, durability, and thermal resistance. They are widely used in seatbelts, carpets, and military applications. Growing demand for nylon textile fibers is expected to positively impact carbon black demand in textile fibers. Increasing demand for home furnishing fabrics and clothing accessories is expected to drive acrylic fiber consumption which in turn is expected to further drive carbon black market growth for textile fibers.
Major end-user for carbon black include home textiles and apparel among other end-uses such as protective clothing, automotive, and agriculture. Apparel was the dominant end-user of carbon black for textile fibers. Rising income levels in emerging markets such as Brazil, China, India, and Mexico have been driving the demand for synthetic fibers of higher quality in apparel. Increasing carbon black usage in apparel to improve color dispersion of fabrics and reduce wear& tear in order to improve serviceability is expected to have a positive impact on the global market. Growing demand nylon fibers in automotive applications such as seatbelts is expected to further drive carbon black demand over the forecast period.
Asia Pacific was the leading regional market and accounted for over 50% of the total market volume in 2013. Asia Pacific is expected to register significant growth over the forecast period owing to growth of textile industry. Increasing income levels in emerging markets such as China and India can be attributed to the growth of textile industry in the region which in turn is expected to drive carbon black demand over the next six years. North American market is characterized by growing demand for synthetic fibers in apparel, military clothing along with home textiles such as carpets, rugs, and bedding. Carbon black is expected to be benefited from the trend for synthetic fibers in the region.
Some of the major companies operating in the global carbon black market for textile fibers include Orion Engineered Carbons, Sid Richardson Carbon & Energy Co., Birla Carbon, Anyang HengXu Specialty Carbon Black Co. Ltd., Cabot Corporation, Mitsubishi Chemical Corp., Phillips Carbon Black Ltd., Imerys Graphite & Carbon, Continental Carbon and Tokai Carbon Co. Ltd.
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The shortage in supply of raw materials from Chinese manufacturers has resulted in a severe demand-supply gap. The manufacturers are further expected to be stranded on raw material orders owing to the logistics industry being significantly impacted due to lockdown amid COVID-19. However, the producers are expected to move away from China aiming to reduce the future risks that would affect the business and to reduce the manufacturers' cluster in a single country in order to smoothen the supply chain. The report will account for Covid19 as a key market contributor.