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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Carbon Black Industry Size
The global carbon black market 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 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.
Carbon Black Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market for carbon black attained a value of USD 16.86 billion in 2023.
The market is projected to grow at a CAGR of 5.70% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 27.83 billion by 2032.
The major drivers of the market are the growing automotive industry, increasing use in production of industrial rubbers, and rising applications in the construction sector with cement.
The addition of new end uses of carbon black, popularity of recovered carbon black, and technological advancements are the key trends in the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.
The leading products in the market are acetylene black, furnace black, and thermal black, among others.
The significant grades of carbon black in the market are speciality carbon black and rubber carbon black.
The major end uses of carbon black in the market are industrial, printing and packaging, building and construction, and transportation, among others.
The major players in the global carbon black 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., Longxing Chemical Stock Co., Ltd, Omsk Carbon Group, and Imerys S.A., among others.
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30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124