Global Carbon Black Market Report and Forecast 2024-2032

Global Carbon Black Industry Outlook

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.

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The global carbon black market share is increasing owing to the expansion of the industrial and construction industries. Several industrial rubbers extruded and moulded products, including air springs, belts, hoses, gaskets, and various conveyor wheels and grommets, use carbon black. A key carbon black price trend 2023 was the rising demand for carbon black in various building applications is rising as a result of improvements in uniformity, surface hardness, tensile strength, and compressive strength provided by the combination of carbon black and cement.

Carbon black is a primary choice for conductive additives since it can build strong electrical networks in electrodes, unlike other additives, which is further supporting the carbon black market price. Usage of carbon black helps significantly improve the kinetics of absorption and intercalation processes of the cathode and anode by coating the active material particles and filling the interstitial space in the electrode. As a result of the rising demand for high-performance lithium-ion batteries brought on by the expanding use of electric vehicles, carbon black as a conductive addition is becoming more widely used, thus aiding the carbon black price trend.

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Global Carbon Black Industry Segmentation

Carbon black is manufactured through the partial combustion of materials like natural gas or petroleum and appears as a finely divided form of black amorphous carbon. By product, carbon black is categorised into acetylene black, furnace black, and thermal black, among others. Its common grades are speciality carbon black and rubber carbon black, among others. It finds applications across diverse sectors as an ink pigment, in the reinforcement of rubber, and as an electric conductive agent. By end use, the carbon black market report is categorised into:

• Industrial

• Printing and Packaging

• Building and Construction

• Transportation

• Others

The report also analyses the various regional markets like North America, Latin America, Middle East and Africa, Europe, and Asia Pacific.

Global Carbon Black Industry Analysis

The global carbon black market is being driven by its expanding applications in the tyre industry, along with industries like construction, manufacturing, and printing. Due to the growing market for tyres in Europe, the Europe carbon black market is also projected to witness steady growth. The steady pace of growth in the ownership of cars is also aiding the market as it is adding to the rise in the demand for tyres.

In the Asia Pacific, the automotive industry is expected to witness an increase in demand, especially from emerging economies, surging the demand for carbon black. The Asia Pacific market will be driven by its expanding tyre industry with tyre manufacturers switching their production bases to the emerging economies within the region. Within the Asia Pacific, the India carbon black market occupies a sizable market share, supported by the growing demand for replacement tyres. China is also a significant market for carbon black in the Asia Pacific region as it is a leading producer and a substantial consumer.

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Meanwhile, the North America carbon black market is being driven by the increasing end-uses of speciality carbon black products, especially in developed countries like the United States, further expanding the specialty carbon black market share.

As per the carbon black industry report, a majority of carbon black produced globally, is utilised in rubber-related applications where it is used as a reinforcing filler. Carbon black further finds applications in segments like sealants, adhesives, and coatings, among others, which are also expected to grow in the coming years due to the infrastructural development taking place across the world.

Based on carbon black market research, with leading manufacturers increasingly investing in research and development undertakings, the market is expected to see further growth due to the addition of new end uses. Amidst environmental concerns, manufacturers are also investing in making the production process sustainable and leading to lesser waste generation. The popularity of recovered carbon black is also on the rise, expanding the recovered carbon black market size due to its role in supporting a circular economy. Plastics, inks, and printing will be the other expanding application sectors for carbon black.

Key Players in the Global Carbon Black Industry

The report provides a detailed analysis of the following key players in the global carbon black market, looking into their market share, capacity, and latest developments like mergers and acquisitions, capacity expansions, and plant turnarounds:

• 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.

• Longxing Chemical Stock Co., Ltd

• Omsk Carbon Group

• Imerys S.A.

• Others

The EMR report provides an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces.

Key Highlights of the Report

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Carbon Black Market Report Snapshots

Carbon Black Market Size

Carbon Black Market Analysis

Carbon Black Companies