Press Release
Press Release
According to a new report by EMR titled, ‘Global Carbon Black Market Report and Forecast 2024-2032’, the global carbon black market size reached a value of approximately USD 16.86 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.7% to attain a value of USD 27.83 billion by 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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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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