At 3.6% CAGR, the Middle East & Africa Carbon Black Market is projected to be worth US$ 521.82 million by 2028, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa carbon black market was valued at US$ 421.08 million in 2022 and is expected to reach US$ 521.82 million by 2028, registering a CAGR of 3.6% from 2022 to 2028. Growing automotive tire sector in developing economies and increasing demand for specialty carbon black are the critical factors attributed to the Middle East & Africa carbon black market expansion.

Specialty carbon black is the purest form of carbon black with a low level of ash, sulfur, metals, and other impurities. It is produced through the partial combustion of hydrocarbons such as oil and gas to meet rigorous specifications and deliver necessary functionality according to end-user requirements. Specialty carbon black is used as a reinforcing agent in hoses, belts, gaskets, vibration isolation devices, diaphragms, bushings, air springs, chassis bumpers, conveyor wheels, and grommets. It is also used in refuse sacks, industrial bags, photographic containers, stretch wrap, agriculture mulch film, thermoplastic molding applications for automotive, electrical/electronics, and blow-molded containers. The rising demand for conductive specialty carbon black products and conductive additives is creating significant potential in various end-use industries such as transportation, industrial, and building & construction. Conductive carbon black is an extremely versatile substance and used for lithium-ion batteries, fuel cells, and polymer applications. Electric vehicles are a promising option to reduce greenhouse gas emissions and air pollution in densely populated areas and contribute to energy diversification. According to the International Energy Agency, in 2020, more than 10 million electric cars were on the road across the world, with an increase of 43% compared to 2019. Battery electric vehicles accounted for two-thirds of new electric car registrations and two-thirds of the stock in 2020. Moreover, manufacturers are increasing their investments in developing countries to meet the surging demand for specialty carbon black. All these factors are driving the carbon black market growth.

On the contrary, high carbon emission by virgin carbon black hampers the Middle East & Africa carbon black market.  

Based on type, the Middle East & Africa carbon black market is segmented acetylene black, channel black, furnace black, thermal black, and others. The furnace black segment held 87.0% share of Middle East & Africa Carbon Black Market in 2022, amassing US$ 366.25 million. It is projected to garner US$ 456.59 million by 2028 to expand at 3.7% CAGR during 2022–2028.

Based on grade, the Middle East & Africa carbon black market is segmented into standard grade and specialty grade. The standard grade segment held 90.5% share of Middle East & Africa Carbon Black Market in 2022, amassing US$ 380.91 million. It is projected to garner US$ 473.42 million by 2028 to expand at 3.7% CAGR during 2022–2028.

Based on application, the Middle East & Africa carbon black market is segmented into tire, non-tire rubber, plastics, inks & coatings, and others. The tire segment held 77.4% share of Middle East & Africa Carbon Black Market in 2022, amassing US$ 326.03 million. It is projected to garner US$ 407.12 million by 2028 to expand at 3.8% CAGR during 2022–2028.

Based on country, the Middle East & Africa carbon black market is segmented into South Africa, Saudi Arabia, the UAE, Oman, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 40.9% share of Middle East & Africa Carbon Black Market in 2022. It was assessed at US$ 172.37 million in 2022 and is likely to hit US$ 218.51 million by 2028, exhibiting a CAGR of 4.0% during 2022–2028.

Key players operating the Middle East & Africa carbon black market are Cabot Corp; Continental Carbon Co; Imerys SA; Klean Industries Inc; and Orion Engineered Carbons SA, among others.  

• In 2021, Cabot Corp launched VULCAN 3-LP carbon black, a new low polycyclic aromatic hydrocarbon (PAH) product for rubber applications. The launched product is a pelletized reinforcing carbon black that is engineered for end-use rubber products that need a higher reinforcement, strength, abrasion and tearing resistance level than semi-reinforcing carbon blacks.

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