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Global Carbon Black Market Opportunities and Forecast 2023-2030

  •   DLR2410
  •   September, 2023
  •   Pages: 120
  •  Global
COVID-19 Impact on the Carbon Black Market:

The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing a diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in the supply of raw materials, which directly affected the manufacturing process. Further, a halt in many end-use industries directly affected the chemical demand all around the world.

Carbon Black Market Overview

The global carbon black market was valued at USD 21.40 billion in 2021, with a compound annual growth rate (CAGR) of 4.11% projected from 2023 to 2030.

Global Carbon Black Market is expected to witness significant growth due to the larger application of black carbon in several industries over the forecast period. Carbon black is mostly used in the manufacturing of tires, plastics, mechanical rubber goods, printing inks, and toners.

Increasing demand for carbon black from tire and construction & manufacturing industries, where it is used to provide strength to industrial rubber compounds and other equipment. This notable fact is expected to improve the growth of the market over the next few years. Furthermore, carbon black has some super physical properties such as color stability, solvent resistance, and thermal stability, owing to this it is broadly used in paint and coating industries. This fact further supports the expansion of the carbon black market.

On the other side, factors such as fluctuations in raw material prices, a rise in the use of silica as a substitute, and environmental concerns related to the manufacturing of carbon black are projected to hamper the growth of the market in forthcoming years.

Carbon Black Market Segment Overview

Based on application, the Plastics segment is expected to grow at the highest rate in the coming years. The most extensive use of carbon dark is as a pigment and reinforcing phase in vehicle tires. Carbon black allows to conduct heat away from the tread and belt area of the tire and helps in reducing thermal damage and increasing the service life of tires. Owing to the higher demand for vehicles, it is expected that the automotive market will rise remarkably. This key fact is projected to enlarge the demand for carbon black mainly in tires and seat belts.

According to grade, the Specialty Grade segment has remarkable growth in the market. Specialty carbon black is high-end refined carbon black. For manufacturing of specialty carbon black, hydrocarbon is burned in a limited air supply. Moreover, the increasing use of specialty carbon blacks in pigmenting, UV stabilizing, and conductive agents is projected to fuel the growth of the market in the coming years. 

Carbon Black Regional Overview

Region-wise, North America commanded a major share of the Carbon Black market. This is due to the high demand for tire manufacturing in this region.  However, strict environmental regulations may restrain the North American and European markets. Similarly, Asia Pacific is expected to show rapid growth in the market. Factors such as high economic growth along with rapid industrialization and urbanization in the developing regions of Asia Pacific have increased the regional demand for carbon black. Additionally, growing foreign investments and favorable regulatory strategies are also propelling the market’s growth in this region.

Carbon Black Market Competitor overview

·       In June  2021, Orion Engineered Carbons S.A., a leading global supplier of specialty and high-performance carbon black, announced the commercial launch of ECORAX® Nature, a new family of products developed for rubber applications utilizing industrial grade, plant-based oils; a renewable, non-fossil derived feedstock. ECORAX® Nature 100 is the first highly reinforcing carbon black grade made from renewable feedstocks which can be used in critical tire tread construction. The product is currently being tested by customers and will go into high-volume manufacturing in the second half of 2022.

Carbon Black Market, Key Players

·      Orion Engineered Carbons Holdings GmbH
·      OMSK Carbon Group
·      Sid Richardson Carbon & Energy Co.
·      Tokai Carbon Co. Ltd.
·      Asahi Carbon Co. Ltd.
·      Ralson Goodluck Carbon
·      Atlas Organic Pvt. Ltd.
·      Continental Carbon Co.
·      OCI Company Ltd.
·      Birla Carbon
·      Bridgestone Corp.
·      Cabot Corp.
·      China Synthetic Rubber Corporation (CSRC)
·      Himadri Companies & Industries Ltd. (HCIL)
·      Nippon Steel & Sumikin Chemical Co. Ltd.
·      Jiangxi Black Cat Carbon Black Inc.
·      Mitsubishi Chemicals

Carbon Black Market Segmentation

Carbon Black Market, By Process

·       Furnace Black
·       Channel Black
·       Acetylene Black
·       Lamp Black

Carbon Black Market, By Grade

·       Specialty Grade
·       Conductive Grade

Carbon Black Market, By Application

·       Tires
·       Coatings
·       Plastics
·       Printing Inks
·       Toners

Carbon Black market, By Region
  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • GCC
    • South Africa
    • Rest of Middle East and Africa


1. Introduction

  • 1.1. Research Scope
  • 1.2. Market Segmentation
  • 1.3. Research Methodology
  • 1.4. Definitions and Assumptions

2. Executive Summary

    3. Market Dynamics

    • 3.1. Market Drivers
    • 3.2. Market Restraints
    • 3.3. Market Opportunities

    4. Key Insights

    • 4.1. Key Emerging Trends – For Major Countries
    • 4.2. Latest Technological Advancement
    • 4.3. Regulatory Landscape
    • 4.4. Industry SWOT Analysis
    • 4.5. Porters Five Forces Analysis

    5. Global Carbon Black Market Analysis (USD Billion), Insights and Forecast, 2023-2030

    • 5.1. Key Findings / Summary
    • 5.2. Market Analysis, Insights and Forecast – By Process
      • 5.2.1. Furnace Black
      • 5.2.2. Channel Black
      • 5.2.3. Acetylene Black
      • 5.2.4. Lamp Black
    • 5.3. Market Analysis, Insights and Forecast – By Grade
      • 5.3.1. Specialty Grade
      • 5.3.2. Conductive Grade
    • 5.4. Market Analysis, Insights and Forecast – By Application
      • 5.4.1. Tires
      • 5.4.2. Coatings
      • 5.4.3. Plastics
      • 5.4.4. Printing Inks
      • 5.4.5. Toners
    • 5.5. Market Analysis, Insights and Forecast – By Region
      • 5.5.1. North America
      • 5.5.2. Latin America
      • 5.5.3. Europe
      • 5.5.4. Asia Pacific
      • 5.5.5. Middle East and Africa

    6. North America Carbon Black Market Analysis (USD Billion), Insights and Forecast, 2023-2030

    • 6.1. Key Findings / Summary
    • 6.2. Market Analysis, Insights and Forecast – By Process
      • 6.2.1. Furnace Black
      • 6.2.2. Channel Black
      • 6.2.3. Acetylene Black
      • 6.2.4. Lamp Black
    • 6.3. Market Analysis, Insights and Forecast – By Grade
      • 6.3.1. Specialty Grade
      • 6.3.2. Conductive Grade
    • 6.4. Market Analysis, Insights and Forecast – By Application
      • 6.4.1. Tires
      • 6.4.2. Coatings
      • 6.4.3. Plastics
      • 6.4.4. Printing Inks
      • 6.4.5. Toners
    • 6.5. Market Analysis, Insights and Forecast – By Country
      • 6.5.1. U.S.
      • 6.5.2. Canada

    7. Latin America Carbon Black Market Analysis (USD Billion), Insights and Forecast, 2023-2030

    • 7.1. Key Findings / Summary
    • 7.2. Market Analysis, Insights and Forecast – By Process
      • 7.2.1. Furnace Black
      • 7.2.2. Channel Black
      • 7.2.3. Acetylene Black
      • 7.2.4. Lamp Black
    • 7.3. Market Analysis, Insights and Forecast – By Grade
      • 7.3.1. Specialty Grade
      • 7.3.2. Conductive Grade
    • 7.4. Market Analysis, Insights and Forecast – By Application
      • 7.4.1. Tires
      • 7.4.2. Coatings
      • 7.4.3. Plastics
      • 7.4.4. Printing Inks
      • 7.4.5. Toners
    • 7.5. Insights and Forecast – By Country
      • 7.5.1. Brazil
      • 7.5.2. Mexico
      • 7.5.3. Rest of Latin America

    8. Europe Carbon Black Market Analysis (USD Billion), Insights and Forecast, 2023-2030

    • 8.1. Key Findings / Summary
    • 8.2. Market Analysis, Insights and Forecast – By Process
      • 8.2.1. Furnace Black
      • 8.2.2. Channel Black
      • 8.2.3. Acetylene Black
      • 8.2.4. Lamp Black
    • 8.3. Market Analysis, Insights and Forecast – By Grade
      • 8.3.1. Specialty Grade
      • 8.3.2. Conductive Grade
    • 8.4. Market Analysis, Insights and Forecast – By Application
      • 8.4.1. Tires
      • 8.4.2. Coatings
      • 8.4.3. Plastics
      • 8.4.4. Printing Inks
      • 8.4.5. Toners
    • 8.5. Market Analysis, Insights and Forecast – By Country
      • 8.5.1. UK
      • 8.5.2. Germany
      • 8.5.3. France
      • 8.5.4. Italy
      • 8.5.5. Spain
      • 8.5.6. Russia
      • 8.5.7. Rest of Europe

    9. Asia Pacific Carbon Black Market Analysis (USD Billion), Insights and Forecast, 2023-2030

    • 9.1. Key Findings / Summary
    • 9.2. Market Analysis, Insights and Forecast – By Process
      • 9.2.1. Furnace Black
      • 9.2.2. Channel Black
      • 9.2.3. Acetylene Black
      • 9.2.4. Lamp Black
    • 9.3. Market Analysis, Insights and Forecast – By Grade
      • 9.3.1. Specialty Grade
      • 9.3.2. Conductive Grade
    • 9.4. Market Analysis, Insights and Forecast – By Application
      • 9.4.1. Tires
      • 9.4.2. Coatings
      • 9.4.3. Plastics
      • 9.4.4. Printing Inks
      • 9.4.5. Toners
    • 9.5. Market Analysis, Insights and Forecast – By Country
      • 9.5.1. China
      • 9.5.2. India
      • 9.5.3. Japan
      • 9.5.4. Australia
      • 9.5.5. South East Asia
      • 9.5.6. Rest of Asia Pacific

    10. Middle East & Africa Carbon Black Market Analysis (USD Billion), Insights and Forecast, 2023-2030

    • 10.1. Key Findings / Summary
    • 10.2. Market Analysis, Insights and Forecast – By Process
      • 10.2.1. Furnace Black
      • 10.2.2. Channel Black
      • 10.2.3. Acetylene Black
      • 10.2.4. Lamp Black
    • 10.3. Market Analysis, Insights and Forecast – By Grade
      • 10.3.1. Specialty Grade
      • 10.3.2. Conductive Grade
    • 10.4. Market Analysis, Insights and Forecast – By Application
      • 10.4.1. Tires
      • 10.4.2. Coatings
      • 10.4.3. Plastics
      • 10.4.4. Printing Inks
      • 10.4.5. Toners
    • 10.5. Market Analysis, Insights and Forecast – By Country
      • 10.5.1. GCC
      • 10.5.2. South Africa
      • 10.5.3. Rest of Middle East & Africa

    11. Competitive Analysis

    • 11.1. Company Market Share Analysis, 2021
    • 11.2. Key Industry Developments
    • 11.3. Company Profile
    • 11.4. BASF SE
      • 11.4.1. Business Overview
      • 11.4.2. Segment 1 & Service Offering
      • 11.4.3. Overall Revenue
      • 11.4.4. Geographic Presence
      • 11.4.5. Recent Development
    *Similar details will be provided for the following companies
    • 11.5. Dow Inc.
    • 11.6. Mitsubishi Chemical Holdings
    • 11.7. Nouryon
    • 11.8. Dominion Colour Corporation
    • 11.9. Asahi Carbon Co., Ltd.
    • 11.10. Birla Carbon Public Company Limited
    • 11.11. Phillips Carbon Black Limited
    • 11.12. Cabot Corporation
    • 11.13. SABIC
    • 11.14. OCI Company Ltd.
    • 11.15. Omsk Carbon Group
    • 11.16. Orion Engineered Carbons SA
    List of Figures

    Figure 1: Global Carbon Black Market Revenue Breakdown (USD Billion, %) by Region, 2023 & 2030
    Figure 2: Global Market Value Share (%), By Segment 1, 2023 & 2030
    Figure 3: Global Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 4: Global Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 5: Global Market Value Share (%), By Segment 2, 2023 & 2030
    Figure 6: Global Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 7: Global Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 8: Global Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 9: Global Carbon Black Market Forecast (USD Billion), by Others, 2021-2030
    Figure 10: Global Market Value Share (%), By Segment 3, 2023 & 2030
    Figure 11: Global Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 12: Global Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 13: Global Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 14: Global Market Forecast (USD Billion), by Others, 2021-2030
    Figure 15: Global Market Value (USD Billion), by Region, 2023 & 2030
    Figure 16: North America Carbon Black Market Value Share (%), By Segment 1, 2023 & 2030
    Figure 17: North America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 18: North America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 19: North America Market Value Share (%), By Segment 2, 2023 & 2030
    Figure 20: North America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 21: North America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 22: North America Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 23: North America Market Forecast (USD Billion), by Others, 2021-2030
    Figure 24: North America Market Value Share (%), By Segment 3, 2023 & 2030
    Figure 25: North America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 26: North America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 27: North America Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 28: North America Market Forecast (USD Billion), by Others, 2021-2030
    Figure 29: North America Market Forecast (USD Billion), by U.S., 2021-2030
    Figure 30: North America Market Forecast (USD Billion), by Canada, 2021-2030
    Figure 31: Latin America Carbon Black Market Value Share (%), By Segment 1, 2023 & 2030
    Figure 32: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 33: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 34: Latin America Market Value Share (%), By Segment 2, 2023 & 2030
    Figure 35: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 36: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 37: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 38: Latin America Market Forecast (USD Billion), by Others, 2021-2030
    Figure 39: Latin America Market Value Share (%), By Segment 3, 2023 & 2030
    Figure 40: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 41: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 42: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 43: Latin America Market Forecast (USD Billion), by Others, 2021-2030
    Figure 44: Latin America Market Forecast (USD Billion), by Brazil, 2021-2030
    Figure 45: Latin America Market Forecast (USD Billion), by Mexico, 2021-2030
    Figure 46: Latin America Market Forecast (USD Billion), by Rest of Latin America, 2021-2030
    Figure 47: Europe Carbon Black Market Value Share (%), By Segment 1, 2023 & 2030
    Figure 48: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 49: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 50: Europe Market Value Share (%), By Segment 2, 2023 & 2030
    Figure 51: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 52: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 53: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 54: Europe Market Forecast (USD Billion), by Others, 2021-2030
    Figure 55: Europe Market Value Share (%), By Segment 3, 2023 & 2030
    Figure 56: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 57: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 58: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 59: Europe Market Forecast (USD Billion), by Others, 2021-2030
    Figure 60: Europe Market Forecast (USD Billion), by U.K., 2021-2030
    Figure 61: Europe Market Forecast (USD Billion), by Germany, 2021-2030
    Figure 62: Europe Market Forecast (USD Billion), by France, 2021-2030
    Figure 63: Europe Market Forecast (USD Billion), by Italy, 2021-2030
    Figure 64: Europe Market Forecast (USD Billion), by Spain, 2021-2030
    Figure 65: Europe Market Forecast (USD Billion), by Russia, 2021-2030
    Figure 66: Europe Market Forecast (USD Billion), by Rest of Europe, 2021-2030
    Figure 67: Asia Pacific Carbon Black Market Value Share (%), By Segment 1, 2023 & 2030
    Figure 68: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 69: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 70: Asia Pacific Market Value Share (%), By Segment 2, 2023 & 2030
    Figure 71: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 72: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 73: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 74: Asia Pacific Market Forecast (USD Billion), by Others, 2021-2030
    Figure 75: Asia Pacific Market Value Share (%), By Segment 3, 2023 & 2030
    Figure 76: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 77: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 78: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 79: Asia Pacific Market Forecast (USD Billion), by Others, 2021-2030
    Figure 80: Asia Pacific Market Forecast (USD Billion), by China, 2021-2030
    Figure 81: Asia Pacific Market Forecast (USD Billion), by India, 2021-2030
    Figure 82: Asia Pacific Market Forecast (USD Billion), by Japan, 2021-2030
    Figure 83: Asia Pacific Market Forecast (USD Billion), by Australia, 2021-2030
    Figure 84: Asia Pacific Market Forecast (USD Billion), by Southeast Asia, 2021-2030
    Figure 85: Asia Pacific Market Forecast (USD Billion), by Rest of Asia Pacific, 2021-2030
    Figure 86: Middle East & Africa Carbon Black Market Value Share (%), By Segment 1, 2023 & 2030
    Figure 87: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 88: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 89: Middle East & Africa Market Value Share (%), By Segment 2, 2023 & 2030
    Figure 90: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 91: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 92: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 93: Middle East & Africa Market Forecast (USD Billion), by Others, 2021-2030
    Figure 94: Middle East & Africa Market Value Share (%), By Segment 3, 2023 & 2030
    Figure 95: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
    Figure 96: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
    Figure 97: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
    Figure 98: Middle East & Africa Market Forecast (USD Billion), by Others, 2021-2030
    Figure 99: Middle East & Africa Market Forecast (USD Billion), by GCC, 2021-2030
    Figure 100: Middle East & Africa Market Forecast (USD Billion), by South Africa, 2021-2030
    Figure 101: Middle East & Africa Market Forecast (USD Billion), by Rest of Middle East & Africa, 2021-2030 
    List of Tables
    Table 1: Global Carbon Black Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
    Table 2: Global Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
    Table 3: Global Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
    Table 4: Global Market Revenue (USD Billion) Forecast, by Region, 2021-2030
    Table 5: North America Carbon Black Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
    Table 6: North America Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
    Table 7: North America Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
    Table 8: North America Market Revenue (USD Billion) Forecast, by Country, 2021-2030
    Table 9: Europe Carbon Black Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
    Table 10: Europe Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
    Table 11: Europe Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
    Table 12: Europe Market Revenue (USD Billion) Forecast, by Country, 2021-2030
    Table 13: Latin America Carbon Black Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
    Table 14: Latin America Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
    Table 15: Latin America Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
    Table 16: Latin America Market Revenue (USD Billion) Forecast, by Country, 2021-2030
    Table 17: Asia Pacific Carbon Black Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
    Table 18: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
    Table 19: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
    Table 20: Asia Pacific Market Revenue (USD Billion) Forecast, by Country, 2021-2030
    Table 21: Middle East & Africa Carbon Black Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
    Table 22: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
    Table 23: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
    Table 24: Middle East & Africa Market Revenue (USD Billion) Forecast, by Country, 2021-2030
    Research Process

    Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.

    In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization

    FIGURE 1: DLR RESEARH PROCESS

    research-methodology1

    Primary Research

    Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.

    In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.

    It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.

    Secondary Research

    Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.

    Market Size Estimation

    Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.

    Forecast Model

    research-methodology2