Global Carbon Black Market to Grow at a CAGR of 5.7% in the Forecast Period of 2024-2032

The global carbon black market is being driven by the growing carbon black market in the Asia Pacific region. The Asia Pacific is the leading region for carbon black, and the region accounts for around 50% of the world’s output of the substance. Europe, as well as North America, follow the Asia Pacific as the other leading markets. China is one of the largest markets in the Asia Pacific region. It is the leading producer of the substance, accounting for almost 45% of its global output. The United States and Western Europe are also major producers of the substance.

Europe’s carbon black market is one of the leading carbon black markets. The global carbon black market accounted for nearly 12.89 million metric tons in 2020, out of which around 2.15 million metric tons market were exclusively in Europe, thereby driving to the global carbon black market. Germany is the largest importer of carbon black in Europe, while the Eastern European countries are the leading exporters of black carbon. The European carbon black market is experiencing a healthy growth due to the rising demand for carbon black from overseas markets, making Europe, in particular, Russia, a major exporter of the product. As carbon black is most commonly used as a rubber filler, the growing automotive and tyre industry in the area is further promoting the carbon black market.

In 2020, Orion Engineered Carbons S.A. (NYSE: OEC), a major player and a global supplier of specialty and high-performance black carbon, announced the expansion of its production capacity for Gas Blacks at its Cologne (Kalscheuren) plant located in Germany. Gas Blacks, the specialty grade of Orion for carbon black, has an excellent fineness that guarantees the deepest blackness required.

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Market Breakup by Product, Grade, End-Use, and Regions:

• The product types of carbon black include acetylene black, furnace black, and thermal black, among others.

• The carbon black grades are segmented into specialty carbon black, standard carbon black.

• Carbon black finds its end-uses in industrial applications, printing and packaging, building and construction, and transportation, among others.

• The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 Key Findings of the Report:

• The global carbon black market is being aided by its increasing end-uses in the tyre industry, along with industries like construction, manufacturing, and printing.

• The rapid growth in the sales of cars is also supporting the industry as it is adding to the rise in the demand for tyres.

• The increasing demand for carbon black in developing economies like China, Southeast Asia, the Middle East, and South America will further drive the market growth.

• Due to the increasing environmental concerns, manufacturers are also investing in making the production process sustainable and leading to less waste generation. 

• Plastics, inks, and printing will be the other growing application sectors for carbon black.

Key Offerings of the Report:

• The EMR report gives an overview of the global carbon black market for the periods (2018-2023) and (2024-2032).

• The historical (2018-2023) and forecast (2024-2032) analysis for the products, grades, end-uses, and regions have also been provided in the report by EMR.

• It provides a thorough analysis of the regional price trends of carbon black for the (2018-2023) and (2024-2032) periods.

• The report assesses the trade data for the years 2020, covering the major exporting and importing countries by value and volume.

The major players included in the global black carbon market are Birla Carbon, Cabot Corporation, Continental Carbon Company, Orion Engineered Carbons S.A., PCBL Limited, Mitsubishi Chemical Corporation, Jiangxi Black Cat Carbon Black Co., Ltd., Tokai Carbon Co., Ltd., and Longxing Chemical Stock Co., Ltd, Others. This comprehensive report by EMR covers the market share, capacity, and latest developments like mergers, acquisitions, plant turnarounds, and capacity expansions of the major players.

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