What Has Been the Growth of the Carbon Black Market So Far?
The carbon black market has seen considerable growth due to a variety of factors.
• In recent years, the size of the carbon black market has seen substantial growth. The market is expected to escalate from $19.19 billion in 2024 to $20.73 billion in 2025, advancing at a compound annual growth rate (CAGR) of 8.0%.
The growth observed in the historical period is a result of factors such as the rise in tire manufacturing, development of the automotive industry, production of rubber goods, growth in the construction sector, and the demand for printing inks and toners.
What Can Be Expected from the Carbon Black Market in the Coming Years?
The carbon black market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the carbon black market is anticipated to witness significant expansion in the coming years, reaching a worth of $29.4 billion in 2029 with a compound annual growth rate (CAGR) of 9.1%.
This predicted growth during the forecast period is linked to various factors such as the development of emerging economies, an increase in specialty carbon black uses, strict emission regulations, and the expansion of the consumer electronics industry. Some noteworthy trends expected during the forecast period include advancements in production technology, the use of carbon black in plastic materials, the dispersion of water-borne carbon black, strategic consolidations and takeovers, and the emergence of smart packaging trends.
Which Factors Are Boosting Growth In The Carbon Black Market?
The anticipated growth of the carbon black market is being bolstered by the expanding automotive industry. This industry encompasses the production or sale of various sorts of vehicles. The durability and strength of tires are significantly improved through the utilization of black carbon for creating inner liners, treads, and sidewalls of tires. It's also employed within the automobile industry to enhance tire durability, strength, and processing, as well as overall tire performance. For example, Plastic Today, an American plastics processing firm, has predicted that the use of carbon fibers in the American automotive industry will reach close to 9,800 tons by 2030. Consequently, the expansion of the automotive industry is fueling the growth of the carbon black market.
How Is the Carbon Black Market segmented?
The carbon black market covered in this report is segmented –
1) By Type: Furnace Black, Channel Black, Thermal Black, Acetylene Black, Other Types
2) By Grade: Standard Grade, Specialty Grade
3) By Application: Tire, Non-Tire Rubber, Inks And Coating, Plastic, Other Applications
Subsegments:
1) By Furnace Black: Standard Furnace Black, High-Performance Furnace Black
2) By Channel Black: High-Structure Channel Black, Low-Structure Channel Black
3) By Thermal Black: High-Temperature Thermal Black, Low-Temperature Thermal Black
4) By Acetylene Black: Powdered Acetylene Black, Granular Acetylene Black
5) By Other Types: Specialty Carbon Blacks, Black Masterbatch
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What New Trends Are Influencing the Carbon Black Market?
The emergence of strategic alliances is a significant trend in the carbon black market, with companies joining forces to produce black carbon for industrial applications. This trend was exemplified in April 2022, when Origin Materials Inc., a US-based company specializing in carbon-negative materials, teamed up with Mitsubishi Chemical Holdings Group (MCHG), a Japanese firm that manufactures carbon black. The partnership is devoted to developing advanced carbon materials for tire production, facilitating the use of innovative technologies and helping the auto industry transition towards environmentally-friendly materials.
Who Are the Key Players in the Carbon Black Market?
Major companies operating in the carbon black market include:
• BASF SE
• Dow Inc.
• Mitsubishi Chemical Holdings
• China Synthetic Rubber Corp.
• International CSRC Investment Holdings Co. Ltd
• NNPC Limited
• OCI Company Ltd.
• Jiangxi Black Cat Carbon Black Co. Ltd
• Nouryon
• Cabot Corporation
• Imerys S.A.
• Tokai Carbon Co. Ltd.
• Orion Engineered Carbons SA
• Koppers Inc.
• BKT Carbon
• ADNOC Group
• Phillips Carbon Black Limited
• Asahi Carbon Co. Ltd.
• Longxing Chemical Stock Co. Ltd
• Himadri Speciality Chemical Limited
• Thai Carbon Black Public Company Limited
• Birla Carbon Public Company Limited
• PCBL Limited
• DCL Corporation
• Continental Carbon Company
• Pyrolyx AG
• Sid Richardson Carbon & Energy Co.
• Epsilon Carbon Private Limited
• Omsk Carbon Group
• Black Bear Carbon
• Monolith Inc.
What Is The Most Dominant Region In The Carbon Black Market?
Asia-Pacific was the largest region in the carbon black market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the carbon black market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
