The global market for Carbon Black is estimated at US$16.1 Billion in 2023 and is projected to reach US$21.5 Billion by 2030, growing at a CAGR of 4.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the carbon black market is driven by several factors. The increasing demand for automobiles, particularly in emerging economies, has significantly boosted the tire industry, which in turn drives the demand for carbon black as a reinforcing filler. The automotive industry`s expansion, fueled by rising incomes and urbanization in countries such as China, India, and Brazil, has led to higher production of vehicles, thereby increasing the need for high-quality tires that incorporate carbon black. Technological advancements in production processes have led to the development of high-performance carbon blacks that meet the stringent requirements of modern applications, such as conductive materials for electronics and high-durability coatings for industrial use. Additionally, the rising adoption of electric vehicles (EVs), which require specialized tires and components that can handle different performance demands, has further propelled market growth. Environmental regulations and sustainability concerns have prompted manufacturers to innovate and develop cleaner production methods and eco-friendly carbon black products. Efforts to reduce carbon emissions and improve energy efficiency in manufacturing processes are increasingly important, driving the shift towards more sustainable practices in the carbon black industry. The expansion of infrastructure projects and the growth of the construction industry have also contributed to the increased demand for carbon black in coatings, sealants, and other construction materials, as these applications benefit from the durability and protective qualities provided by carbon black.
The growth in the carbon black market is driven by several factors. The increasing demand for automobiles, particularly in emerging economies, has significantly boosted the tire industry, which in turn drives the demand for carbon black as a reinforcing filler. The automotive industry`s expansion, fueled by rising incomes and urbanization in countries such as China, India, and Brazil, has led to higher production of vehicles, thereby increasing the need for high-quality tires that incorporate carbon black. Technological advancements in production processes have led to the development of high-performance carbon blacks that meet the stringent requirements of modern applications, such as conductive materials for electronics and high-durability coatings for industrial use. Additionally, the rising adoption of electric vehicles (EVs), which require specialized tires and components that can handle different performance demands, has further propelled market growth. Environmental regulations and sustainability concerns have prompted manufacturers to innovate and develop cleaner production methods and eco-friendly carbon black products. Efforts to reduce carbon emissions and improve energy efficiency in manufacturing processes are increasingly important, driving the shift towards more sustainable practices in the carbon black industry. The expansion of infrastructure projects and the growth of the construction industry have also contributed to the increased demand for carbon black in coatings, sealants, and other construction materials, as these applications benefit from the durability and protective qualities provided by carbon black.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Furnace Black segment, which is expected to reach US$9.6 Billion by 2030 with a CAGR of a 4.8%. The Channel Black segment is also set to grow at 4.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $4.4 Billion in 2023, and China, forecasted to grow at an impressive 7.1% CAGR to reach $4.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Carbon Black Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Carbon Black Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Carbon Black Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Asahi Carbon Co., Ltd., Cabot Corporation, China Synthetic Rubber Corporation (CSRC), and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 22 Featured):
- Asahi Carbon Co., Ltd.
- Cabot Corporation
- China Synthetic Rubber Corporation (CSRC)
- Himadri Speciality Chemicals Ltd.
- Longxing Chemical
- Mitsubishi Chemical Corporation
- OCI Co., Ltd.
- Omsk Carbon Group OOO
- Orion Engineered Carbons SA
- Phillips Carbon Black Ltd.
- PrJSC Kremenchug Carbon Black Plant
- Ralson Goodluck Carbon Pvt., Ltd.
- Shandong Huadong Rubber Materials Co., Ltd.
- Suzhou Baohua Carbon Black Co., Ltd.
- Thai Carbon Black Public Company Limited (Birla Carbon)
- Tokai Carbon Co., Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Asahi Carbon Co., Ltd.
- Cabot Corporation
- China Synthetic Rubber Corporation (CSRC)
- Himadri Speciality Chemicals Ltd.
- Longxing Chemical
- Mitsubishi Chemical Corporation
- OCI Co., Ltd.
- Omsk Carbon Group OOO
- Orion Engineered Carbons SA
- Phillips Carbon Black Ltd.
- PrJSC Kremenchug Carbon Black Plant
- Ralson Goodluck Carbon Pvt., Ltd.
- Shandong Huadong Rubber Materials Co., Ltd.
- Suzhou Baohua Carbon Black Co., Ltd.
- Thai Carbon Black Public Company Limited (Birla Carbon)
- Tokai Carbon Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 178 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 16.1 Billion |
| Forecasted Market Value ( USD | $ 21.5 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 16 |
