USD 22.3 billion
Carbon Black Market Size, Share, Growth Analysis, By Type (Furnace Black, Channel Black), By Application, By Grade, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15E2561 |
Region:
Global |
Published Date: December, 2024
Pages:
176
|Tables:
0
|Figures:
0
Carbon Black Market Insights
Carbon Black Market size was valued at USD 23.37 Billion in 2023 and is poised to grow from USD 24.49 Billion in 2024 to USD 34.01 Billion by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).
Carbon black is extensively used in the tire industry and growing sales of vehicles around the world are projected to indirectly drive the carbon black market. Rising use of carbon black in the production of plastics and polymers and the rising application scope of carbon black in the construction industry are also expected to bolster its demand in the future. Increasing investments in infrastructure development will also have a positive impact on demand for carbon black in the future. Rapid industrialization is also estimated to generate new opportunities for carbon black companies over the coming years. High demand for specialty inks for printing and other applications is also expected to offer new business scope for carbon black companies as it is used in the development of multiple specialty inks. However, fluctuations in raw material pricing, health and environment concerns, and availability of alternatives are slated to be key restraints for carbon black market growth in the long run.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Furnace black
Fastest Growth
Thermal black
Growth Rate
4.8% CAGR
Global Carbon Black Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Carbon Black Market Segmental Analysis
Global Carbon Black Market is segmented by type, application, grade and region. Based on type, the market is segmented into furnace black, channel black, thermal black, acetylene black and others. Based on application, the market is segmented into tire, non- tire rubber, plastics and inks & coatings. Based on grade, the market is segmented into standard grade and specialty grade. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
Furnace black is projected to account for a dominant share of the global carbon black market. High production capacity of furnace black production method and its extensive use in multiple applications are allowing this segment to account for a high share. Moreover, the high use of furnace black in the tire industry is also expected to promote its dominance in the long run. Ease of production and high production capacity of furnace black is estimated to help it remain the most widely used carbon black in the global market. The ability of furnace black to enhance mechanical properties of materials will also aid its high market share in carbon black industry.
Thermal black is forecasted to account for the second-largest share of the global carbon black market. The extensive use of thermal black in the plastic industry to provide UV protection to plastics is helping it generate new opportunities for carbon black companies going forward. Surging demand for UV-treated plastic products in commercial and industrial applications is estimated to help this segment bolster carbon black market growth across the study period and beyond. Smooth surface finish and special performance capabilities are also expected to generate new opportunities for carbon black providers focusing on thermal black in the long run.
Analysis by Application
Tires are projected to account for a substantial share of the global carbon black market outlook in the future. Growing demand for tires owing to rapidly expanding automotive industry and vehicle sales is helping this segment maintain its high carbon black market share. Advancements in tire manufacturing technologies and growing number of tire manufacturing facilities around the world are predicted to create new business scope for carbon black providers in the long run. Growing use of carbon black as an additive and performance filler in tires coupled with high demand for performance tires will also favor carbon black demand outlook in the future.
Meanwhile, the demand for carbon black for plastic applications is slated to rise at a notable CAGR over the coming years. High use of carbon black for the production of products such as conductive packaging, moldings, fibers, semi-conductive cable compounds, and pipes for industrial applications is estimated to help this segment generate new opportunities for market players. Carbon black is used in plastics to provide UV protection and also stabilize plastics for heat and electrical conductivity. Rising demand for specialized plastic products in industrial or commercial settings is slated to present new opportunities for carbon black companies going forward.
Global Carbon Black Market By Application
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Carbon Black Market Regional Insights
The Asia-Pacific region is estimated to account for a prominent share of the global carbon black market. The presence of multiple carbon black providers, high industrial activity, and growing demand for tires from the automotive industry are projected to be key factors aiding the dominance of this region. India, China, and Japan are slated to be at the forefront of revenue generation for carbon black companies operating in the Asia Pacific region. Supportive government initiatives and low labor and raw material costs of this region are also expected to offer lucrative business scope for carbon black companies in the future.
On the other hand, the demand for carbon black in the North American region is slated to increase at a notable pace going forward. Rising use of carbon black for the development of specialized inks for printing is slated to be a key trend offering lucrative business scope for carbon black companies in this region. The United States is estimated to be the most opportune market in North America owing to the presence of key industries followed by Canada. Growing demand for tires in this region will also boost the demand for carbon black over the coming years.
Global Carbon Black Market By Region
- Largest
- Fastest
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Carbon Black Market Dynamics
Carbon Black Market Drivers
High Use in Tire Industry
- Carbon black is used as a reinforcing agent in tires and growing demand for tires from the automotive industry is projected to bolster market growth in the future. China, India, and Brazil are estimated to emerge as highly popular markets for carbon black companies targeting the tire industry in the long run.
Demand for Specialty Carbon Black
- Specialty carbon black is being used extensively in multiple applications such as printing inks, electronics, and high-performance coatings. This extensive usage in novel applications and rising investments in R&D to expand the application scope of specialty carbon black are expected to boost revenue generation in the future.
Carbon Black Market Restraints
Fluctuations in Raw Material Pricing
- Carbon black is usually produced from petroleum-based feedstocks like heavy oil or natural gas and these feedstocks are subject to extreme volatility due to multiple factors such as economic changes, trade bans, etc. These fluctuations in pricing could cut into the profits of carbon black companies and impede market development.
Availability and Demand for Alternative Materials
- The demand for sustainable and eco-friendly alternatives to traditional carbon black is increasing rapidly around the world. Materials like silica and organic fillers are increasingly being used as substitutes in applications like tires and rubber, as they offer similar reinforcing properties to carbon black with a lower environmental impact thereby slowing down market growth potential.
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Carbon Black Market Competitive Landscape
Developing sustainable carbon black is projected to be the prime focus of almost all market players going forward. Targeting the countries with increasing urbanization and industrialization will also pay off big time for carbon black companies in the long run. Expanding carbon black production capacity to meet rising demand and launching new carbon black products to maximize business scope will also emerge as popular strategies for market players as per this carbon black market analysis.
Top Player’s Company Profiles
- Cabot Corporation
- Thai Carbon Black Public Company Limited (Birla Carbon)
- Orion Engineered Carbons S.A.
- Phillips Carbon Black Limited
- Tokai Carbon Co., Ltd.
- OMSK Carbon Group OOO
- Jiangxi Black Cat Carbon Black Inc., Ltd.
- OCI Company Ltd.
- China Synthetic Rubber Corporation
- SID Richardson Carbon & Energy Co.
- Mitsubishi Chemical Corporation
- Ralson Goodluck Carbon
- Longxing Chemical Stock Co, Ltd.
- Himadri Chemicals & Industries Ltd.
- Shandong Lion King Carbon Black Co., Ltd.
- Nippon Steel & Sumikin Chemical Co., Ltd.
- Suzhou Baohua Carbon Black Co., Ltd.
- Asahi Carbon Co., Ltd.
- Shandong Huadong Rubber Materials Co., Ltd.
- PJSC "Kremenchug Carbon Black Plant"
Recent Developments
- In March 2024, a new carbon black offering was launched by Cabot Corporation. PROPEL® E8 engineered reinforcing carbon black was specifically designed to improve tire performance for electric vehicles by offering better tread durability at low rolling resistance.
- In October 2024, ZC Rubber, a leading tire manufacturer from China announced its plans to start a new carbon black facility in China by the end of 2024. The facility located at Tianjin is expected to produce 85ktpa of soft and hard carbon black grades upon completion.
- Plans to invest in sustainable carbon black production by working with a French company called Alpha Carbone were announced by Orion S.A. in May 2024. Through this move Orion intended to enhance its tire pyrolysis oil and recover carbon black production and also expand its presence in the global carbon black industry as well.
Carbon Black Key Market Trends
- Use in Lithium-ion Batteries: Carbon black companies can focus on collaborating with battery companies to enhance the conductivity and performance of lithium-ion batteries. Growing demand for lithium-ion batteries from the automotive industry as popularity of electric vehicles picks up pace will emerge as a key carbon black market trend to open up new avenues of opportunities for companies in the long run.
- Sustainable Carbon Black: Carbon black providers can focus on incorporating sustainability in their production process and products to maximize their business scope. Use of carbon capture and storage (CCS) and bio-based carbon black production will help carbon black companies stand out from the competition as emphasis on sustainability rises around the world.
Carbon Black Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing tire manufacturing activity and rising demand for specialized inks are projected to bolster carbon black market growth in the future. However, availability of alternative materials and fluctuations in raw material pricing are slated to hamper carbon black demand going forward. Robust industrialization in the Asia Pacific region allows it to hold sway over the global carbon black market development potential. Emphasis on promoting sustainable carbon black production is slated to offer lucrative business scope for market players in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 23.37 Billion |
| Market size value in 2032 | USD 34.01 Billion |
| Growth Rate | 4.8% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Carbon Black Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Carbon Black Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Carbon Black Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Carbon Black Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Carbon Black Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Carbon Black Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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