The global carbon black market for textile fibers is expected to grow at a CAGR of 7.1 per cent from 2013 to 2019. The carbon black market for textile fibers has been bifurcated into four product segments: polyester, nylon, acrylic and others. Polyester is the largest product segment and accounted for over 55 per cent share of the global market in 2012. Based on end-users, the market is bifurcated into three segments: home textiles, apparels and others. The apparels segment is the most dominant product segment and accounted for around 54 per cent of the global market in 2012. The home textiles segment includes carpets and sheets. The others segment includes automotive and agricultural textiles.
Asia Pacific dominated the global demand for carbon black and accounted for 58.2 per cent of the global market in 2012. This trend is anticipated to continue during the forecast period. The decline in consumption of cotton has resulted in an increase in demand for synthetic fibers. This is one of the growth drivers for the carbon black market as carbon black is used mainly in the synthetic fibers industry. Other major factors driving demand for carbon black for textile fibers include high growth in the polyester fiber market.