European Carbon Black Market Expected To Grow At a CAGR Of 5.5% From 2014 To 2020: Grand View Research, Inc.

The global carbon black market for textile fibers is expected to reach USD 253.1 million by 2020, according to a new study by Grand View Research, Inc. Declining cotton production on account of rising importance for other food crops and increasing synthetic textiles demand is expected to drive carbon black demand in textile fibers. Growing adoption of carbon black as a coloring agent in textile manufacturing is also expected have a positive impact on the market growth. Carbon black improves color spread, exhibits high tensile strength and its low environmental impact is further expected to fuel its demand in military and sports textile applications.

Polyester emerged as the leading product segment for carbon black market for textile fibers and accounted for over 55% of the total market volume in 2013. Polyester is also expected to be one of the fastest growing product segments over the next six year. The segment is expected to grow at an estimated CAGR of 6.2% from 2014 to 2020. Growth of textile industry particularly in Asia Pacific and Latin America is expected to remain a key driving factor for this segment.

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