SpendEdge Announces the Launch of a New Procurement Market Research Report on Carbon Black Market
The growth of the global carbon black market is directly linked to the growth of the automotive industry, as this industry uses carbon black extensively.
LONDON: The strategic procurement research report on the carbon black market is an integral part of SpendEdge’s chemicals category portfolio and offers an in-depth assessment of the current supply market, key factors influencing strategic procurement decisions, pricing models, and procurement best practices. It also offers insights into the major supply chain risk management, demand-supply shifts, and key market developments to help sourcing and procurement experts make smart strategic procurement decisions.
The growing demand from the plastics segment is fueling the growth of the global carbon black market. This is primarily due to increase in demand for specialty black grades for improving electrical conductivity, enhancement of UV resistance, and incorporation of antistatic properties in plastics. Furthermore, due to its exceptional properties such as versatility, functional filler and low-cost pigment carbon black will gain higher adoption level in the plastics segment.
“Purchasing managers must look for suppliers that offer collaborative opportunities in new product formulations tailored to meet specific performance requirements,” says Anil Seth, a chemicals procurement research specialist at SpendEdge. “This collaborative arrangement has several benefits such as lower TATs for the fulfillment of specific requirements, faster time-to-market, and lower developmental costs,” added Anil.
The market is experiencing high levels of consolidation for carbon black by leading market players. Large petroleum companies have withdrawn the carbon black business and market consists of chemical companies that sell carbon black as one of their core products. This reduces bargaining power for purchasing managers due to growing market consolidation.
Need more insights on this report?
This procurement report on the carbon black category offers insights on:
- Supply markets, growth drivers, and challenges
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a full, comprehensive list, view our report
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