Carbon Black Market is projected to grow at a CAGR of 5.2%

carbon black market

The global carbon black market is expected to grow at a CAGR of 5.2% during the forecast period (2024-2029).

The global carbon black market is driven by growing industrialization, increasing infrastructure development, and rising advancement in the production of carbon black.

As per the report, the global carbon black market is expected to grow significantly.

Carbon black is a black powder created from the combustion of hydrocarbons in insufficient air. It is basically comprised of normal carbon and is used as a reinforcing filler in rubber products, especially automotive tires. Carbon black in addition utilized as a pigment in inks, paints, and coatings purposes. They are utilized broadly in different applications in businesses such as automotive, construction, and electronics due to their properties such as quality, durability, higher strength, and concentrated color. The carbon black market is encountering development due to various factors such as rising urbanization and industrialization in developing nations since it will result in an increment in construction and infrastructure advancement leading to the utilization of carbon black for construction coating and materials. In addition, the automotive industry utilizes carbon black usually in the manufacturing of vehicle tires whereas consumer goods such as electronics and appliances utilize carbon dark in ink and coatings for these products moved by legislative regulatory measures and sustainable production methods which will advance the development of the carbon black market globally amid the forecasted period. For example, in March 2024, Cabot Corporation launched PROPEL® E8 designed reinforcing carbon black for high-performance tire tread applications, planned to supply prevalent tread strength and decreased rolling resistance, handling the challenges like higher torque faced by EV.  Similarly, in May 2023, Goodyear Tire & Rubber Company introduced its first tire with Monolith’s carbon black as a substantial step towards zero-emissions carbon black in tire fabricating. The company utilizes Monolith’s carbon black in a new tread formulation for its ultra-high execution, all-season ElectricDrive™ GT traveler tire in measure 235/40R19, a perfect fit for vehicles.

Based on the process type, the global carbon black market is categorized into furnace black, thermal black, acetylene black, and others. Furnace black is predicted to have a major market share of carbon black because of its wide utilization in various industries specifically, the automotive and rubber industries due to its high reinforcing properties employed in multiple applications. They are versatile materials and the process of furnace black is comparatively cost-effective which makes it a preferable option for many applications.

The global carbon black market based on the grade is divided into standard grade and specialty grade. The specialty grade carbon black is anticipated to contribute significantly to the market growth due to various factors such as specialty rubber items, advanced electronic appliances, and high-performance coatings due to its high execution and specific applications.

The global carbon black market based on the application is classified into tires and industrial rubber products, plastic, toners and printing inks, coatings, textile fiber, and others. The global carbon black market will be significantly dominated by tires and industrial rubber products segments. This is due to carbon black viable application in the production of tires and its properties of increasing the product’s durability and performance. In addition, rising infrastructure development and construction projects will employ the industrial rubber product promoting carbon black utilization globally.

The global carbon black market has developed substantially in the Asia Pacific region due to various factors. Asian countries like China and India are going through extensive industrialization and urbanization which will contribute to a rise in the requirement for carbon black for multiple purposes. Moreover, the rising automotive industry and customer goods industry in the region particularly in manufacturing facilities will positively influence the carbon black market in the coming years.

The global carbon black market is supported by key players such as PCBL Limited, Birla Carbon, Continental Carbon Company, SABIC, Tokai Carbon Co., Ltd., Cabot Corporation, Orion S.A., Cancarb Limited, Epsilon Carbon, and Himadri Speciality Chemical Ltd.

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Market Segmentation:

This analytics report segments the global carbon black market on the following basis:

  • By Process Type
    • Furnace Black
    • Thermal Black
    • Acetylene Black
    • Others
  • By Grade
    • Standard Grade
    • Specialty Grade
  • By Application
    • Tires and Industrial Rubber Products
    • Plastic
    • Toners and Printing Inks
    • Coatings
    • Textile Fiber
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Others