The carbon black market size has grown strongly in recent years. It will grow from $19.19 billion in 2024 to $20.73 billion in 2025 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to increased tire manufacturing, automotive industry growth, rubber goods production, construction sector growth, printing inks and toners.
The carbon black market size is expected to see strong growth in the next few years. It will grow to $29.4 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to emerging economies development, increasing specialty carbon black applications, stringent emission standards, consumer electronics growth. Major trends in the forecast period include technological advancements in production, integration of carbon black in plastics, water-borne carbon black dispersions, strategic mergers and acquisitions, smart packaging trends.
The expanding automotive industry is anticipated to drive the growth of the carbon black market. The automotive industry encompasses the production and sale of various vehicle types. Carbon black is widely used in manufacturing tire inner liners, sidewalls, and treads, as it enhances tire strength and longevity. In the automotive sector, carbon black improves tire processing, durability, and performance. For example, according to Plastic Today, a US-based plastics processing company, carbon fiber use in the U.S. automotive industry is projected to reach nearly 9,800 tons by 2030. Therefore, the growth of the automotive industry is boosting the carbon black market.
The increase in construction activities is projected to support the growth of the carbon black market. Construction activities involve the planning, execution, and assembly of buildings or infrastructure projects. Carbon black is used in construction to enhance the durability, strength, and UV resistance of concrete, asphalt, and other building materials. For instance, in February 2023, the Office for National Statistics, a UK-based government department, reported that the UK's annual construction output rose by 5.6% in 2022 compared to 2021, following an unprecedented growth of 12.8% in 2021. Consequently, the rise in construction activities is driving the carbon black market.
Strategic partnerships are a prominent trend gaining traction in the carbon black market, with companies collaborating to produce carbon black for industrial applications. For example, in April 2022, Origin Materials Inc., a U.S.-based carbon-negative materials company, formed a partnership with Mitsubishi Chemical Holdings Group (MCHG), a Japan-based carbon black manufacturer. This collaboration aims to create innovative carbon materials for tire production, facilitating the adoption of original technologies and supporting the shift toward sustainable materials within the automotive industry.
Leading companies in the carbon black market are focusing on developing advanced products, such as pelletized reinforcing carbon black, to improve the safety of rubber products and maintain a competitive edge. Pelletized reinforcing carbon black consists of carbon black engineered into pelletized particles, facilitating better handling and integration into rubber products during production. For instance, in August 2023, VMware, a U.S.-based cloud computing and virtualization technology company, introduced Cloud Native Detection and Response (CNDR) capabilities for its Carbon Black platform. CNDR provides VMware Carbon Black users with a comprehensive solution for enhanced visibility, security, and control across complex application environments. As organizations adopt multi-cloud and hybrid infrastructures, containers and Kubernetes have become essential for modern application development, expanding potential attack surfaces. VMware Carbon Black's CNDR enhancements reinforce its XDR solution, focusing on improved threat detection for containers and Kubernetes on a unified platform. These updates offer runtime protection for Linux containers, aiming to secure applications from emerging threats and reduce vulnerabilities.
In March 2022, Cabot Corporation, a U.S.-based specialty chemicals and performance materials company, acquired Tokai Carbon (Tianjin) Co., Ltd for an undisclosed sum. This acquisition was intended to strengthen Cabot’s battery materials portfolio. Tokai Carbon (Tianjin) Co., Ltd is a Japan-based manufacturer and supplier of carbon black.
Major companies operating in the carbon black market include BASF SE, Dow Inc., Mitsubishi Chemical Holdings, China Synthetic Rubber Corp., International CSRC Investment Holdings Co. Ltd, NNPC Limited, OCI Company Ltd., Jiangxi Black Cat Carbon Black Co. Ltd, Nouryon, Cabot Corporation, Imerys S.A., 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, DCL Corporation, 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 2024. 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, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Carbon black, a fine elemental carbon powder produced through high-temperature pyrolysis of low-value oil residues, serves as a protective coating in plastics and resistors for electronic circuits. It reinforces rubber in tires and acts as a pigment, UV stabilizer, and conductive or insulating agent in rubber, plastic, ink, and coating applications.
Carbon black comprises several types including furnace black, channel black, thermal black, acetylene black, and others. Furnace black carbon specifically results from partially burning liquid and gaseous hydrocarbons in enclosed furnaces. This type of carbon black finds extensive use in rubber-based products. It's available in various grades such as standard and specialty, applied across diverse applications such as tire manufacturing, non-tire rubber products, inks, coatings, plastics, and more.
The carbon black market research report is one of a series of new reports that provides carbon black market statistics, including carbon black industry global market size, regional shares, competitors with a carbon black market share, detailed carbon black market segments, market trends, and opportunities, and any further data you may need to thrive in the carbon black industry. This carbon black market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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.
This product will be delivered within 3-5 business days.
The carbon black market size is expected to see strong growth in the next few years. It will grow to $29.4 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to emerging economies development, increasing specialty carbon black applications, stringent emission standards, consumer electronics growth. Major trends in the forecast period include technological advancements in production, integration of carbon black in plastics, water-borne carbon black dispersions, strategic mergers and acquisitions, smart packaging trends.
The expanding automotive industry is anticipated to drive the growth of the carbon black market. The automotive industry encompasses the production and sale of various vehicle types. Carbon black is widely used in manufacturing tire inner liners, sidewalls, and treads, as it enhances tire strength and longevity. In the automotive sector, carbon black improves tire processing, durability, and performance. For example, according to Plastic Today, a US-based plastics processing company, carbon fiber use in the U.S. automotive industry is projected to reach nearly 9,800 tons by 2030. Therefore, the growth of the automotive industry is boosting the carbon black market.
The increase in construction activities is projected to support the growth of the carbon black market. Construction activities involve the planning, execution, and assembly of buildings or infrastructure projects. Carbon black is used in construction to enhance the durability, strength, and UV resistance of concrete, asphalt, and other building materials. For instance, in February 2023, the Office for National Statistics, a UK-based government department, reported that the UK's annual construction output rose by 5.6% in 2022 compared to 2021, following an unprecedented growth of 12.8% in 2021. Consequently, the rise in construction activities is driving the carbon black market.
Strategic partnerships are a prominent trend gaining traction in the carbon black market, with companies collaborating to produce carbon black for industrial applications. For example, in April 2022, Origin Materials Inc., a U.S.-based carbon-negative materials company, formed a partnership with Mitsubishi Chemical Holdings Group (MCHG), a Japan-based carbon black manufacturer. This collaboration aims to create innovative carbon materials for tire production, facilitating the adoption of original technologies and supporting the shift toward sustainable materials within the automotive industry.
Leading companies in the carbon black market are focusing on developing advanced products, such as pelletized reinforcing carbon black, to improve the safety of rubber products and maintain a competitive edge. Pelletized reinforcing carbon black consists of carbon black engineered into pelletized particles, facilitating better handling and integration into rubber products during production. For instance, in August 2023, VMware, a U.S.-based cloud computing and virtualization technology company, introduced Cloud Native Detection and Response (CNDR) capabilities for its Carbon Black platform. CNDR provides VMware Carbon Black users with a comprehensive solution for enhanced visibility, security, and control across complex application environments. As organizations adopt multi-cloud and hybrid infrastructures, containers and Kubernetes have become essential for modern application development, expanding potential attack surfaces. VMware Carbon Black's CNDR enhancements reinforce its XDR solution, focusing on improved threat detection for containers and Kubernetes on a unified platform. These updates offer runtime protection for Linux containers, aiming to secure applications from emerging threats and reduce vulnerabilities.
In March 2022, Cabot Corporation, a U.S.-based specialty chemicals and performance materials company, acquired Tokai Carbon (Tianjin) Co., Ltd for an undisclosed sum. This acquisition was intended to strengthen Cabot’s battery materials portfolio. Tokai Carbon (Tianjin) Co., Ltd is a Japan-based manufacturer and supplier of carbon black.
Major companies operating in the carbon black market include BASF SE, Dow Inc., Mitsubishi Chemical Holdings, China Synthetic Rubber Corp., International CSRC Investment Holdings Co. Ltd, NNPC Limited, OCI Company Ltd., Jiangxi Black Cat Carbon Black Co. Ltd, Nouryon, Cabot Corporation, Imerys S.A., 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, DCL Corporation, 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 2024. 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, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Carbon black, a fine elemental carbon powder produced through high-temperature pyrolysis of low-value oil residues, serves as a protective coating in plastics and resistors for electronic circuits. It reinforces rubber in tires and acts as a pigment, UV stabilizer, and conductive or insulating agent in rubber, plastic, ink, and coating applications.
Carbon black comprises several types including furnace black, channel black, thermal black, acetylene black, and others. Furnace black carbon specifically results from partially burning liquid and gaseous hydrocarbons in enclosed furnaces. This type of carbon black finds extensive use in rubber-based products. It's available in various grades such as standard and specialty, applied across diverse applications such as tire manufacturing, non-tire rubber products, inks, coatings, plastics, and more.
The carbon black market research report is one of a series of new reports that provides carbon black market statistics, including carbon black industry global market size, regional shares, competitors with a carbon black market share, detailed carbon black market segments, market trends, and opportunities, and any further data you may need to thrive in the carbon black industry. This carbon black market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Carbon Black Market Characteristics3. Carbon Black Market Trends and Strategies4. Carbon Black Market - Macro Economic Scenario Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Carbon Black Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Carbon Black Market34. Recent Developments in the Carbon Black Market
5. Global Carbon Black Growth Analysis and Strategic Analysis Framework
6. Carbon Black Market Segmentation
7. Carbon Black Market Regional and Country Analysis
8. Asia-Pacific Carbon Black Market
9. China Carbon Black Market
10. India Carbon Black Market
11. Japan Carbon Black Market
12. Australia Carbon Black Market
13. Indonesia Carbon Black Market
14. South Korea Carbon Black Market
15. Western Europe Carbon Black Market
16. UK Carbon Black Market
17. Germany Carbon Black Market
18. France Carbon Black Market
19. Italy Carbon Black Market
20. Spain Carbon Black Market
21. Eastern Europe Carbon Black Market
22. Russia Carbon Black Market
23. North America Carbon Black Market
24. USA Carbon Black Market
25. Canada Carbon Black Market
26. South America Carbon Black Market
27. Brazil Carbon Black Market
28. Middle East Carbon Black Market
29. Africa Carbon Black Market
30. Carbon Black Market Competitive Landscape and Company Profiles
31. Carbon Black Market Other Major and Innovative Companies
35. Carbon Black Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Carbon Black Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on carbon black market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for carbon black? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The carbon black market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Furnace Black; Channel Black; Thermal Black; Acetylene Black; Other Types2) By Grade: Standard Grade; Specialty Grade
3) By Application: Tire; Non-Tire Rubber; Inks and Coating; Plastic; Other Applications
Subsegments:
1) By Furnace Black: Standard Furnace Black; High-Performance Furnace Black2) By Channel Black: High-Structure Channel Black; Low-Structure Channel Black
3) By Thermal Black: High-Temperature Thermal Black; Low-Temperature Thermal Black
4) By Acetylene Black: Powdered Acetylene Black; Granular Acetylene Black
5) By Other Types: Specialty Carbon Blacks; Black Masterbatch
Key Companies Mentioned: BASF SE; Dow Inc.; Mitsubishi Chemical Holdings; China Synthetic Rubber Corp.; International CSRC Investment Holdings Co. Ltd
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- BASF SE
- Dow Inc.
- Mitsubishi Chemical Holdings
- China Synthetic Rubber Corp.
- International CSRC Investment Holdings Co. Ltd
- NNPC Limited
- OCI Company Ltd.
- Jiangxi Black Cat Carbon Black Co. Ltd
- Nouryon
- Cabot Corporation
- Imerys S.A.
- 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
- DCL Corporation
- Continental Carbon Company
- Pyrolyx AG
- Sid Richardson Carbon & Energy Co.
- Epsilon Carbon Private Limited
- Omsk Carbon Group
- Black Bear Carbon
- Monolith Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 20.73 Billion |
| Forecasted Market Value ( USD | $ 29.4 Billion |
| Compound Annual Growth Rate | 9.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 31 |
