Latin America Carbon Black Market Report and Forecast 2024-2032

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Although the share of Latin America in the industry is comparatively smaller as compared to Asia Pacific, Europe, and North America, the industry is expected to grow at a steady pace in the coming years driven by the region’s recovering automobiles industry. The region also exports significant quantities of low-cost carbon black from China to meet the rising local demand. Brazil, especially, is a growing market for the substance due to its thriving automobiles industry. The expanding plastic and rubber industries in the industry is also propelling the market forward. Mexico is another significant market in the Latin American region.

Globally, carbon black finds its leading use in the rubber industry finding application as a reinforcing filler. Tyre industry, especially, accounts for the majority of the applications of the material. The increasing ownership of automobiles globally is aiding the industry growth with the rising need for tyres. Its growing application in the printing, manufacturing, and construction sectors is also adding impetus to the industry growth. With companies investing heavily into several R & D undertakings, the global market is expected to be propelled forward with the addition of new end-uses due to technological advancements. In the forecast period, the industry is expected to be driven by emerging countries with growing economies and rising investments by major companies.

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Market Segmentation

Market Analysis

The Latin America carbon black market will be driven by the rising infrastructural activities within the region with the substance finding applications in paints, sealants, adhesives, and coatings. Aided by government schemes, Argentina is witnessing a growth in its infrastructural development like the rise in the number of social housing.  In Colombia, the infrastructure sector is expected to see up to USD 25 billion worth of investments by 2026.

Carbon black finds extensive application in the automotive sector where it is used in parts like tyres, tubes, hoses and other miscellaneous parts. With the automotive industry projected to see a healthy growth within the Latin America region, the market will find further impetus for its growth in the coming years. Brazil and Mexico are the largest automobiles producers in the Latin America. The two countries account for nearly 70% of the vehicles in the region. The Brazil automobiles industry is recovering from the economic downturn of 2016. In 2017, the registration of new vehicles witnessed a hike of 9.2% as compared to 2016, with nearly 2.17 million new vehicles registered in the country. Brazil’s automobile market is driven by the rising domestic demand for vehicles. Mexico has the second largest fleet of automobiles with 41.7 million cars, and its automobile industry is being driven by its proximity to a leading market like the US. The automobile industry is expected to see a further growth post the finalisation of the NAFTA negotiations with the US.

The Latin America carbon black market is also being aided by the growing applications in sectors like printing, ink, and plastic. The plastic industry in the region is being driven by the rising packaging industry. The printing industry is also emerging as a major end-use sector with rising applications of carbon black in publishing printing, print packaging, and commercial printing. The print packaging segment is expected to be worth USD 7.4 billion by 2021.

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Competitive Landscape

The report gives a detailed insight into the following key players in the Latin America carbon black market, looking into their competitive landscape, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions:

• Birla Carbon
• Cabot Corporation
• Continental Carbon Company
• Orion Engineered Carbons S.A.
• Polimix Ambiental
• Others

The EMR report gives an in-depth insight into the manufacturing process and assesses the market based on Porter’s Five Forces model. The comprehensive report also provides an overview of the other global markets like North America, Asia Pacific, Europe, and Middle East and Africa. It offers a SWOT analysis of the industry as well.