15-May-2024 | Facts and Factors
Facts and Factors report “Carbon Black Market Size, Share, Growth Analysis Report By Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black, and Others), By Application (Tire Rubber, High-Performance Coatings, Plastics, Toners and Printing Inks), By Grade (Standard Grade and Specialty Grade), And By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2024 – 2032” states that the global Carbon Black market in 2023 was approximately USD 22.17 Billion. The market is expected to grow at a CAGR of 7.04% and is anticipated to reach around USD 40.89 Billion by 2032.
Carbon black is formed by the incomplete combustion of petroleum production. It is typically used in while carrying out the production of the tyres, plastics and rubber products.
Browse the full “Carbon Black Market Size, Share, Growth Analysis Report By Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black, and Others), By Application (Tire Rubber, High-Performance Coatings, Plastics, Toners and Printing Inks), By Grade (Standard Grade and Specialty Grade), And By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2024 – 2032" report at https://www.fnfresearch.com/carbon-black-market
The demand for carbon black from the tyre manufacturers is estimated to drive a carbon black industry in the forthcoming time. The tyre manufacturers use carbon black as the reinforcement agent. In the rubber industry, carbon black used as a coloring agent. The rise in the use of carbon black as a coloring agent is projected to propel the market in the forecasted period. A carbon black industry often faces challenges while procurement of raw material owing to its volatile pricing. Due to the hazardous effects of carbon black manufacturing, tyre manufacturers are slowly shifting to the used silica as a reinforcement agent.
Carbon dioxide is released in the environment while the production of carbon black. The stringent regulation on carbon dioxide emission may become hinder A carbon black growth. Increasing the requirement of UV protection and conductive plastic is estimated to spur a carbon black industry.
According to the type, the market is segmented as acetylene black channel black, furnace black, and thermal black. The furnace black market is estimated to lead the market owing to its use as a coloring agent and reinforcement agent. According to an application, the market is bifurcated as tyre, non-tyre rubber plastic, and inks & coating. Carbon black is widely used in the tyre industry as a strengthening agent. It is used in the inner liners, sidewalls, carcasses, and treads. The use of carbon black in the tyre industry is projected to spur a carbon black industry. Apart from this the use of carbon black for the plastic black is projected to consume the second-largest market. According to the grade, the market is bifurcated as standard grade and specialty grade. Standard grade is estimated to gain the highest market share in the forecasted period due to the higher demand for the standard grade carbon black from the end-user industry.
According to the region, the market is classified into regions such as North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. Asia Pacific region is estimated to lead the market. The demand for carbon black from tyre manufacturers is projected to s Asia Pacific growth. The competitiveness within the tyre manufacturers is estimated to thrive in the growth of production.
The stringent government regulation by the European and North American governments is projected to suppress the growth of the regions in the forecasted period.
Report Scope
Report Attribute |
Details |
Market Size in 2023 |
USD 22.17 Billion |
Projected Market Size in 2032 |
USD 40.89 Billion |
CAGR Growth Rate |
7.04% CAGR |
Base Year |
2023 |
Forecast Years |
2024-2032 |
Key Market Players |
Asahi Carbon Co. Ltd., Atlas Organic Pvt. Ltd., Birla Carbon, Bridgestone Corp., Cabot Corporation, Continental Carbon Co., Himadri Companies & Industries Ltd., Jiangxi Black Cat Carbon Black Inc., Mitsubishi Chemicals, OMSK Carbon Group, Orion Engineered Carbons, Ralson Goodluck Carbon, Sid Richardson Carbon & Energy Co., Tokai Carbon Co. Ltd., and Others. |
Key Segment |
By Type, By Application, By Grade, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Some of the leading players in the global market include
- Asahi Carbon Co. Ltd.
- Atlas Organic Pvt. Ltd.
- Birla Carbon
- Bridgestone Corp.
- Cabot Corporation
- Continental Carbon Co.
- Himadri Companies & Industries Ltd.
- Jiangxi Black Cat Carbon Black Inc.
- Mitsubishi Chemicals
- OMSK Carbon Group
- Orion Engineered Carbons
- Ralson Goodluck Carbon
- Sid Richardson Carbon & Energy Co.
- Tokai Carbon Co. Ltd.
This report segments a Carbon Black Market as follows:
By Type Segmentation Analysis
- Furnace Black
- Channel Black
- Thermal Black
- Acetylene Black
By Application Segmentation Analysis
- Tire
- Non-Tire Rubber
- Inks & Coating
- Plastic
By Grade Segmentation Analysis
- Standard Grade
- Specialty Grade
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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