Global Carbon Black
Market Report
2024
The Carbon black market was valued at USD 22.13 billion in 2022 and will reach USD 33.01 billion by 2030, registering a CAGR of 4.9 % for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Carbon black market was valued at USD 22.13 billion in 2022 and will reach USD 33.01 billion by 2030, registering a CAGR of 4.9% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Carbon Black Market Sales Revenue 2022 | $ 22.13 Billion |
Global Carbon Black Market Sales Revenue 2030 | $ 33.01 Billion |
Global Carbon Black Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.9% |
Market Split by Type |
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Market Split by Application |
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Market Split by Grade |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Carbon Black Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Carbon black is a common black pigment produced by incomplete combustion of vegetable matter, petroleum products, and coal. It is one form of paracrystalline carbon. It contains around 95-98% carbon.It has various applications such as coating,textile fiber,printing inks,rubber product and tire. Carbon black is volatile and nonconductive material, which has low density, cheap, and is long-lasting therefore it is used in batteries. It is also used in radar absorbent material, laser printer toner, and photocopiers. In the US multilayer UTH bottles are made from carbon black. Due to its black appearance, it is used as a coloring agent.
Increasing demand from tire manufacturing: Carbon black has vital importance in the tire manufacturing process. It adds in the rubber compound to reinforce the tire. Carbon black enhances the tire’s durability, thermal stability, and wear resistance. The outermost part of the tire is the tread, it comes in direct contact with the road, carbon black is added to the tread which provides traction and grip, and improves the ability to grip the road surface. The high speed of the vehicle generates heat in the tire, carbon black prevents the tire from heat damage. Carbon black also acts as a UV stabilizer in the tire by preventing cracks in the rubber. Increasing demand for vehicles is expected to drive the growth of the carbon black market.
Harmful effect on the environment and human health: Carbon black is an air-polluting compound, it releases harmful gases such as carbon monoxide, nitrogen oxide, volatile organic compounds, and sulfur oxide, because of incomplete combustion of a hydrocarbon. When people breathe contaminated air, it creates the problems of respiratory diseases. The employees who are working in the tire manufacturing industry directly come into exposure to carbon black. It leads to skin and eye irritation. Manufacturing carbon black requires oil and coal. These are non-renewable resources; therefore, they may deplete such resources. Carbon black creates waste that contaminates the land and water resources. These factors may hamper the growth of the carbon black market. Therefore, careful handling and proper disposal practices are necessary to reduce environmental and human health risks.
The carbon black industry experienced negative growth during the covid-19. Manufacturing plants did not get labour and raw material due to strict lockdown. Therefore, production plants were shut down for some days. Higher consumption of black carbon in the automotive industry. Due to regulations on transportation and travel, there was no demand for a new vehicle. Demand and supply chains were totally disturbed due to the severity of the disease. After covid 19 carbon black industry showed significant growth due to increasing demand for new vehicles, increasing the disposable income of individuals, and increasing use of printing ink.
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Orion engineered carbon announced the launch of a new product name Ecotax Nature.
Ecotax nature was developed for applications in the rubber industry for reinforcement. It is also used in tire tread manufacturing.
Cabot Corporation launched a new carbon product with the name of VULCAN 3-LP carbon black.
This product contains low polycyclic aromatic hydrocarbons. It is used in tire manufacturing and rubber product manufacturing.
Birla Carbon signed the agreement of partnership with Circtect to provide sustainable carbonaceous material.
The partnership of Birla Carbon and Circtect provides the largest source of sustainable carbonaceous materials such as rubber goods.
Top Companies Market Share in Carbon Black Industry: (In no particular order of Rank)
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Globally, the carbon black market on the basis of region is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The largest market share of carbon black is dominated by APAC and North America. There is a probability that APAC will be dominating the carbon black during the projected period. This is due to the increasing disposable income of an individual, and increasing transportation activities in India. In China there is high demand for paint products in addition China is the largest tire manufacturing country in the globe. APAC is experiencing high industrialization. By considering these factors APAC is expected to show significant growth in the upcoming years.
North America is also foreseen to account for a remarkable market share in the global carbon black market. This is due to increasing demand from the automotive and coating industry.
The current report Scope analyzes Carbon Black Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Carbon Black Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Carbon Black Industry growth. Carbon Black market has been segmented with the help of its Type, Application Grade, and others. Carbon Black market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The furnace black segment is expected to show steady growth over the forecasted period.
By type, the global carbon black market is classified into lamp black, thermal black, furnace black, and acetylene black. Among these types of furnaces, black segment is expected to grow in the upcoming years. This is due to the increasing use of printing ink, and increasing demand for automotive parts. Furnace black is also known as thermal black because of its conductive property. It is used to produce conductive rubber parts. Therefore, various applications of furnace black are expected to drive market growth.
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Rubber products and tires are estimated to gain the largest share of the carbon black market during the forecast period.
The global carbon black market based on application type is classified into coating, textile fiber, printing inks, rubber products, and tires. Globally, the carbon black market is estimated to gain the largest share from rubber products and tires during the forecast period. Increasing transportation activity and increasing the disposable income of the individuals helps to grow the automotive industry. The automotive industry drives the demand for rubber products and tires. Therefore, increasing use of vehicles is expected to drive the growth of the carbon black market.
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Specialty-grade of black carbon holds the largest market share from the years 2023-2030
The global carbon black market is divided into specialty and conductive. Specialty black carbon is used for high-end applications because of its unique properties. It is used in ink and the cosmetic industry because it provides UV protection. It is also an environment-friendly alternative to traditional carbon. Specialty black carbon has new emerging applications such as 3D printing energy storage. Therefore, increasing applications of black carbon in various products are anticipated to drive its demand in upcoming years.
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The Global Carbon Black Market is witnessing significant growth in the near future.
In 2023, the Lamp black segment accounted for noticeable share of global Carbon Black Market and is projected to experience significant growth in the near future.
The Coating segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Orion Engineered Carbons SA , Cabot Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Lamp black, Thermal black, Furnace black, Acetylene black |
Application | Coating, Textile fiber, Printing inks, Rubber products, Tires |
Grade | Specialty carbon black, Conductive carbon black |
List of Competitors | Orion Engineered Carbons SA, Tokai Carbon Co. Ltd, Cabot Corporation, Jiangxi HEIMAO Carbon Black Co. Ltd, Birla Carbon, Philips Carbon Black, OMSK carbon group. |
This chapter will help you gain GLOBAL Market Analysis of Carbon Black. Further deep in this chapter, you will be able to review Global Carbon Black Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Grade Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Carbon Black market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Lamp black have a significant impact on Carbon Black market? |
What are the key factors affecting the Lamp black and Thermal black of Carbon Black Market? |
What is the CAGR/Growth Rate of Coating during the forecast period? |
By type, which segment accounted for largest share of the global Carbon Black Market? |
Which region is expected to dominate the global Carbon Black Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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