White Carbon Market 2022
White carbon markets are a new and innovative way to reduce greenhouse gas emissions. White carbon markets allow companies to purchase credits for the clean air they produce, rather than the traditional model of purchasing credits for the emissions they produce. This allows companies to invest in projects that would not have otherwise been possible, and results in a cleaner environment.
White carbon, commonly known as precipitated silica, is an allotrope of carbon. It is also known by its alternate name, i.e. chaoite. White carbon is used as a reinforcing filler material for synthetic and polymer materials in a number of applications. There has been an increase in the use of white carbon within the automotive industry, especially in tires to provide slip resistance.
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The market for white carbon is anticipated to remain growth-opportunistic and to expand at a moderate rate as a result of the anticipated rise in the usage of rubber goods across a variety of end use sectors. In addition, more white carbon is also being used in a variety of other unconventional applications. Inks, paints, and varnishes, for instance, currently employ it as a suspending and thickening ingredient. In addition, white carbon serves as an absorbent carrier in herbicides and insecticides.
Global White Carbon Market Dynamics
Global White Carbon Market Drivers
The rising demand for white carbon to be used in tire and rubber products is anticipated to drive the global white carbon market growth. White carbon or precipitated silica provides high slip/rolling resistance and high wear resistance in tires.
Moreover, when used along with carbon black, it also imparts better fuel efficiency. As a matter of fact, some of the manufacturers claim that the use of white carbon can improve the efficiency of automotive vehicles by 8-10%. With the growing automotive industry and increasing vehicle parc, the demand for white carbon is projected to grow at a significant rate.
Moreover, the increasing demand for rubber products across various end use industries has created noticeable impact on the global white carbon market. By increasing the use of white carbon in rubber products, the strength and durability of rubber products can be improved. This factor, in particular, will affect global white carbon market positively.
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Key Players-
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Global White Carbon Market Segmentation
On the basis of end use industry
- Chemical industry
- Automotive
- Cosmetics
- Electronics
- Food and beverage
- Paints, coatings and inks
- Adhesives and sealants
- Others
On the basis of application
- Rubber (tires)
- Cosmetics
- Electrical and electronics
- Food and beverage
- Personal care
- Paints, coatings and inks
- Others
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
- Asia-Pacific (China, India, Japan, Southeast Asia etc.)
- South America (Brazil, Argentina etc.)
- Middle East & Africa (Saudi Araia, South Africa etc.)
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Global White Carbon Market Regional Outlook
Asia Pacific is anticipated to hold a dominant share in the global white carbon market. This can be attributed to the growing automotive industry in the region and increasing customer base for other end use industries such as personal care/cosmetics, rubber products, etc. Asia Pacific is also anticipated to grow at a relatively higher CAGR as compared to other regions and is expected to remain a lucrative market throughout the forecast period.
North America is anticipated to hold a significant share in the global white carbon market. This is due to the large OEM base for the automotive industry in the region. Other regions such as Latin America are projected to grow at a healthy CAGR over the outlook period. Japan and Europe are also projected to show steady growth in the global white carbon market. Middle East and Africa is anticipated to show relatively sluggish growth over the forecast period.
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