The United Kingdom carbon black market value reached USD 371.10 million in 2023. The market is further expected to grow at a CAGR of 7.4% between 2024 and 2032 to attain nearly USD 705.06 million by 2032.
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Carbon black (CB) refers to a material that typically contains fine carbon particles. In its pure form, it appears as a fine black powder. Different methods such as thermal black and furnace black are used to obtain CB. Moreover, it is used in various applications in the rubber, tyre, plastic, and paints and coatings sectors among others.
The increasing investments in chemistry expertise, production machinery, and laboratory equipment for manufacturing are likely to aid the United Kingdom carbon black industry growth. Moreover, leading companies are focusing on efficiently sourcing their raw materials to boost the production of high-quality rCB and expand their operations.
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The United Kingdom carbon black market dynamics and trends include the rising adoption of electric vehicles and the expanded use of lithium-ion batteries. This trend is driving the increased use of carbon black to reduce charging times and enhance the energy density of these batteries.
The cost-effectiveness offered by CB is leading to a surge in its utilisation in plastic applications. Hence, its demand is expected to increase in the manufacturing of anti-static packaging boxes, plastic film sheets, ABS pipes, and non-pressure pipes among others.
London has exhibited the most significant growth in BEV registrations, with figures more than doubling from 2021 to 2022, reaching approximately 22% of new car registrations. This surge underscores the capital's aggressive push towards electric mobility, driven by stringent emissions regulations and the expansion of Ultra Low Emission Zones (ULEZ). Outside of London, BEV registrations also increased, albeit at a slower pace, with the rest of the UK seeing BEV adoption rise to about 12% by 2022. Cities like Birmingham, Bristol, Manchester, and Sheffield mirrored this national trend but lagged London, with BEV registration percentages ranging between 8% to 15% by 2022.
Hybrid vehicles have seen more widespread adoption across the UK during this period. In 2021, hybrid registrations across major cities like Manchester and Sheffield hovered around 25% to 28%, with London showing slightly lower figures at around 23%. By 2022, hybrid vehicle registrations in Manchester and Sheffield had surged to nearly 30%, indicating strong adoption of hybrid technology as an interim step towards full electrification. Meanwhile, London saw a steady increase in hybrid registrations, reaching about 26% by 2022. This growth in hybrid vehicles contributed to the United Kingdom carbon black market revenue, as carbon black, used as a conductive additive in lithium-ion batteries, plays a crucial role in these vehicles.
The regeneration of areas like Nine Elms in London has been a cornerstone of the UK's urban renewal efforts. This project alone has generated 25,000 new jobs, created 18,000 new homes, and added over 600,000 square meters of new office space, indicating a strategic approach to urban redevelopment that marries economic growth with infrastructure enhancement. The UK’s infrastructure expertise is further evidenced by its extensive road network and cutting-edge tunnel construction. The country maintains over 400,000 kilometres of publicly managed roads, facilitating the daily movement of 4 million vehicles. This extensive network is bolstered by ongoing development projects like the Crossrail initiative, which involves building 42 kilometres of new tunnels beneath London. This contributes to the growth of the United Kingdom carbon black industry revenue, as carbon black improves the durability and wear resistance of asphalt, essential for maintaining high-traffic roads and highways.
Waverly Carbon Ltd
Cabot Corporation
Tokai Carbon Co., Ltd
PanaSystem Handels GmbH
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“United Kingdom Carbon Black Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Products
Market Breakup by Grade
Market Breakup by End Use
The growth of the United Kingdom carbon black market is driven primarily by the transportation sector. The rising popularity of electric vehicles is increasing the demand for carbon black in lithium-ion batteries. As CB can improve the tread wear of truck tyres and boost their durability, it is also used to significantly lower costs in trucking applications.
The growing use of CB in pigmentation, resin, and resin applications in the industrial sector is augmenting the market growth. Meanwhile, the printing and packaging segment of the market is being fuelled by the increasing utilisation of high-performance CB in flexographic, lithographic, letterpress, screen printing, and gravure applications, among others.
Carbon black is used in decorative building bricks, blind track bricks, and jointing applications in the building and construction sector. The United Kingdom carbon black market demand is further being invigorated by the increasing demand for CB with excellent pigmentation, durability, and dispersion performance for colouring and filling applications in the building and construction sector.
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The company’s focus on manufacturing premium carbon black for use in rubber, plastics, and electronics. They are recognized for their cutting-edge production techniques and dedication to sustainability and superior product quality.
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United Kingdom Carbon Black Market Size
United Kingdom Carbon Black Market Growth
*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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In 2023, the market attained a value of nearly USD 371.10 million.
The market is projected to grow at a CAGR of 7.4% between 2024 and 2032.
The market is being aided by the robust growth of the automotive industry, technological advancements and innovations, and diverse end-uses of CB.
The significant grades of CB in the market are rubber grade and speciality grade.
The revenue generated from the carbon black market is expected to reach USD 705.06 million in 2032.
The market is expected to be propelled by the rising demand for rCB, the growing popularity of electric vehicles, and the increasing development of innovative speciality grade CB.
Based on end use, the market is divided into industrial, building and construction, printing and packaging, transportation, and others.
The major products of CB in the market are furnace, acetylene, thermal black and others.
Carbon black is made from incomplete combustion of fossil fuels such as diesel, gasoline, and coal. Various methods, including furnace black and thermal black, among others, are used to obtain CB from such fossil fuels.
The surface-area-to-volume ratio of CB is lower than that of activated carbon. While CB is produced from incomplete combustion of petroleum, activated carbon is made up of carbon atoms and derived from charcoal.
The competitive landscape consists of Waverly Carbon Ltd, Cabot Corporation, Tokai Carbon Co., Ltd, and PanaSystem Handels GmbH, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Products |
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| Breakup by Grade |
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| Breakup by End Use |
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| Market Dynamics |
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| Trade Data Analysis |
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| Price Analysis |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
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.
+63-287-899-028, +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
+84-865-399-124
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