Carbon Black Market Report 2026

The carbon black market size has grown strongly in recent years. It will grow from $20.42 billion in 2025 to $22.26 billion in 2026 at a compound annual growth rate (CAGR) of 9%. The growth in the historic period can be attributed to expansion of global tire manufacturing, growth of rubber goods industries, rising demand from printing inks and coatings, availability of petroleum-based feedstocks, industrial expansion in emerging economies.

The carbon black market size is expected to see strong growth in the next few years. It will grow to $30.85 billion in 2030 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to increasing demand from electric vehicle tires, rising adoption in conductive plastics, expansion of sustainable carbon black technologies, growing use in advanced coatings, increasing investments in emission-reduction technologies. Major trends in the forecast period include growing demand for high-performance tire reinforcement, rising use of specialty carbon blacks in plastics, expansion of conductive carbon applications, increasing focus on low-emission manufacturing processes, enhanced quality control in carbon black production.

The growing automotive industry is expected to propel the growth of the carbon black market going forward. The automotive industry refers to the manufacture or sale of different types of vehicles. Carbon black is widely used in producing the inner liners, sidewalls, and treads of tires, as it enhances their strength and longevity. It is used in the automobile industry to improve the processing, durability, and performance of tires. For instance, in January 2024, according to the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, total vehicle production in the UK (cars + commercial vehicles) reached about 1,025,474 units in 2023, up 17% from the previous year. Therefore, the growing automotive industry is driving the growth of the carbon black market.

Major companies in the carbon black market are focused on developing innovative products, such as pelletized reinforcing carbon black, for enhanced rubber product safety and to gain a competitive edge in the market. A pelletized reinforcing carbon black is a form of carbon black engineered into pelletized particles for enhanced handling and efficient incorporation into rubber products during manufacturing. For instance, in August 2023, VMware, a US-based cloud computing and virtualization technology company, has launched the Cloud Native Detection and Response capabilities for its Carbon Black platform. Cloud Native Detection and Response (CNDR) offers VMware Carbon Black customers a comprehensive solution for visibility, security, and control in today's complex application environments. As organizations increasingly adopt multi-cloud and hybrid infrastructures, containers and Kubernetes have become integral to modern application development. However, this rise in cloud-native architectures also increases the potential attack surface for organizations. VMware Carbon Black's new CNDR capabilities enhance its existing XDR solution, focusing on improved threat detection for containers and Kubernetes on a unified platform. These advancements provide runtime protection for Linux containers, aiming to protect applications from emerging threats and minimize vulnerabilities that attackers could exploit.

In November 2023, Broadcom Inc., a US-based global technology company, acquired VMware, Inc., for an undisclosed amount. With this acquisition, Broadcom aims to strengthen its enterprise software portfolio, expand its cloud and virtualization solutions, boost recurring revenue growth, and enhance its position in the enterprise IT infrastructure market. VMware, Inc. is a US-based provider of cloud computing and virtualization software and services, specializing in multi-cloud and digital workspace solutions.

Major companies operating in the carbon black market are BASF SE, Mitsubishi Chemical Holdings, China Synthetic Rubber Corp., International CSRC Investment Holdings Co. Ltd, NNPC Limited, Jiangxi Black Cat Carbon Black Co. Ltd, Cabot Corporation, Tokai Carbon Co. Ltd., Orion Engineered Carbons SA, Koppers Inc., BKT Carbon, ADNOC Group, Phillips Carbon Black Limited, Asahi Carbon Co. Ltd., Longxing Chemical Stock Co. Ltd, Himadri Speciality Chemical Limited, Thai Carbon Black Public Company Limited, Birla Carbon Public Company Limited, PCBL Limited, Continental Carbon Company, Pyrolyx AG, Sid Richardson Carbon & Energy Co., Epsilon Carbon Private Limited, Omsk Carbon Group, Black Bear Carbon, Monolith Inc.

Asia-Pacific was the largest region in the carbon black market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the carbon black market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the carbon black market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The carbon black market consists of sales of forms of carbon black including lampblack and ivory black. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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