CARBON BLACK MARKET ANALYSIS

Market Challenges And Opportunities

Drivers

Growing demand for synthetic textile fibers

The growing demand for synthetic textile fibers is fueling the carbon black market growth. This is attributed to a decline in the demand for cotton due to its high cost and growing need for harvested land for other necessary crops. Black carbon is widely used in synthetic textiles, which is further used across a wide range of applications. Thus, the high demand for synthetic textiles is projected to augment the carbon black market growth.

Strong demand for polyester

The strong demand for polyester fibers is also boosting the demand for carbon black. Polyester is one of the economical fibers used in the manufacturing of synthetic textiles. This is one of the major factors fueling the growth of the carbon black market. Moreover, polyester is a low-cost product that has a broad range of applications, thus boosting its demand across end users. Thus, growing demand for polyester fibers is propelling the carbon black market growth.

Market Restraints

Emission of various harmful gases, such as carbon monoxide, during production

The production of carbon black leads to the emission of various harmful gases, such as carbon monoxide, which has a potential threat to the environment. Thus, environmental concerns associated with the production of carbon black are expected to hamper the carbon black market growth.

Toxicity associated with carbon black leading to lung disease

Toxicity associated with carbon black leads to lung disease. Inhalation of carbon black leads to irritation in lungs and causes coughing. Moreover, it also causes irritation to the eyes and nose. Such side-effects associated with carbon black are inhibiting the market growth.