Global Carbon Black Market Size, Trends, and Growth Opportunity, By Grade (Standard, Specialty), By Process (Furnace Black, Channel Black, Acetylene Black, Thermal Black, Others), By Application (Tires, Plastics, Paints and Coatings, Printing Inks, Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Carbon Black Market
The Global Carbon Black Market was valued at USD 15.21 billion in 2021 which is expected to reach USD 20.87 billion by 2027, at a CAGR of 3.99% from 2022-2027.
Carbon black is a substance that is created when coal, coal tar, plant material, and petroleum compounds are burned insufficiently leading to incomplete combustion. From the black coloring pigment of newspaper inks to the electric conductivity agent of high-tech products, carbon black is widely employed in a variety of applications.
Tyre makes extensive use of carbon black, which serves as an effective rubber reinforcing. As a great coloring agent and black pigment, it is frequently used in printing inks, paints, toners, and resin coloring. Carbon black is used as an electric conductive substance in many applications, such as fibers, antistatic films, and floppy discs.
Market Drivers
The growth in the global carbon black market will mainly be driven by the expansion in the tyres & rubber market, which is, in turn, due to the rising demand from the construction & manufacturing industries. As a shock absorber and reinforcing material, carbon black is utilized in rubber tyres and non-tire items. It is added to various tyre components, including sidewalls, carcasses, tread and air springs, hoses, belts, gaskets, bushings, wiper blades, and diaphragm. Since it transfers heat away from the tread & belt area of tyres, carbon black extends the life of tyres. Moreover, it gives rubber & tyre products color.
The growth of the paint and coating industry is also a significant factor leading to the growth in the carbon black market.
Market Restraints
The global carbon black market is likely to be restrained by the emission of CO2 which will raise environmental concerns. The production of carbon black involves high temperatures which can lead to small particles of carbon remaining in the atmosphere. The process also releases carbon monoxide (CO), sulphur compounds, and nitrogen oxides.
Stringent government rules and government laws often pose restrictions on the release of such harmful by-products to curb air pollution and the emission of greenhouse gasses. Such impositions by authority can restrain the growth of the carbon black market.
Market Segmentation
The global carbon black market is segmented into grades of standard and specialty, and into processes of furnace black, channel black, acetylene black, thermal black, and others.
Further, the market is segmented by applications of tires, plastics, paints and coatings, printing inks, and others
Regional Analysis
The Asia Pacific region is anticipated to witness a high growth rate, primarily due to expansion in the construction, automotive, and electronics industries. The rising demand for affordable housing in the Asia Pacific region is also a significant contributor to the growth of the carbon black market as carbon black is gaining importance for its exceptional strength & stiffness, as well as its resistance to high temperatures and chemicals.
Key Players
Asahi Kasei Corporation, Avient Corporation, BASF SE, Lanxess AG, PlastiComp Inc, Solvay, Celanese Corporation, Daicel Polymer Ltd, Toray Industries Inc, Mitsubishi Chemical Holdings, and Others.
Market Taxonomy
By Grade
• Standard
• Specialty
By Process
• Furnace Black
• Channel Black
• Acetylene Black
• Thermal Black
• Others
By Application
• Tires
• Plastics
• Paints and Coatings
• Printing Inks
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Carbon Black Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Carbon Black Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Carbon Black Market, By Grade
5.1 Y-o-Y Growth Comparison, By Grade
5.2 Global Carbon Black Market Share Analysis, By Grade
5.3 Global Carbon Black Market Size and Forecast, By Grade
5.3.1 Standard
5.3.2 Specialty
6 Global Carbon Black Market, By Process
6.1 Y-o-Y Growth Comparison, Enterprise Size
6.2 Global Carbon Black Market Share Analysis, By Process
6.3 Global Carbon Black Market Size and Forecast, By Process
6.3.1 Furnace Black
6.3.2 Channel Black
6.3.3 Acetylene Black
6.3.4 Thermal Black
6.3.5 Others
7 Global Carbon Black Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Carbon Black Market Share Analysis, By Application
7.3 Global Carbon Black Market Size and Forecast, By Application
7.3.1 Tires
7.3.2 Plastics
7.3.3 Paints and Coatings
7.3.4 Printing Inks
7.3.5 Others
8 Global Carbon Black Market, By Region
8.1 Global Carbon Black Market Share Analysis, By Region
8.2 Global Carbon Black Market Size and Forecast, By Region
9 North America Carbon Black Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Carbon Black Market Share Analysis, By Grade
9.3 North America Carbon Black Market Size and Forecast, By Process
9.4 North America Carbon Black Market Size and Forecast, By Application
9.5 North America Carbon Black Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Carbon Black Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Carbon Black Market Share Analysis, By Grade
10.3 Europe Carbon Black Market Size and Forecast, By Process
10.4 Europe Carbon Black Market Size and Forecast, By Application
10.5 Europe Carbon Black Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Carbon Black Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Carbon Black Market Share Analysis, By Grade
11.3 Asia Pacific Carbon Black Market Size and Forecast, By Process
11.4 Asia Pacific Carbon Black Market Size and Forecast, By Application
11.5 Asia Pacific Carbon Black Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia
12 Latin America Carbon Black Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Carbon Black Market Share Analysis, By Grade
12.3 Latin America Carbon Black Market Size and Forecast, By Process
12.4 Latin America Carbon Black Market Size and Forecast, By Application
12.5 Latin America Carbon Black Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Carbon Black Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Carbon Black Market Share Analysis, By Grade
13.3 Middle East Carbon Black Market Size and Forecast, By Process
13.4 Middle East Carbon Black Market Size and Forecast, By Application
13.5 Middle East Carbon Black Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Asahi Kasei Corporation
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Avient Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. BASF SE
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Lanxess AG
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 PlastiComp Inc
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Solvay
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Celanese Corporation
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Daicel Polymer Ltd
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Toray Industries Inc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Mitsubishi Chemical Holdings
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
