Market revenue in 2023 | USD 57.8 million |
Market revenue in 2030 | USD 90.3 million |
Growth rate | 6.6% (CAGR from 2023 to 2030) |
Largest segment | Food contact |
Fastest growing segment | Conductive |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Conductive, Fiber, Food Contact, Other Grades |
Key market players worldwide | Tokai Carbon Co Ltd, Continental AG, Aditya Birla Group, Cabot Corp, Philips, Orion SA |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to specialty carbon black market will help companies and investors design strategic landscapes.
Food contact was the largest segment with a revenue share of 31.31% in 2023. Horizon Databook has segmented the Russia specialty carbon black market based on conductive, fiber, food contact, other grades covering the revenue growth of each sub-segment from 2018 to 2030.
Russia is one of the prominent textile markets in Europe and is expected to witness significant growth in the near future. In addition, growth of plastics industry coupled manufacturing sector growth is further anticipated to fuel growth in the country. Applications such as polyester fiber are used extensively in automotive, textile and industrial sectors.
The demand from polyester fiber application was estimated at 1.65 kilotons in 2019 and is expected to reach 1.85 kilotons by 2027 in the country, growing at an estimated CAGR of 1.4% from 2016 to 2024. Demand for non-rubber applications which predominantly use specialty carbon blacks is estimated to observe significant growth.
Another emerging application area for specialty carbon black is metallurgy. Mounting contribution of metallurgy sector to the country’s GDP, industrial production, and exports, is projected to boost the demand for specialty carbon blacks over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Russia specialty carbon black market , including forecasts for subscribers. This country databook contains high-level insights into Russia specialty carbon black market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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