Carbon Black Market by Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black, and Others), Application (Tire, Non-Tire Rubber, Plastics, Inks & Coatings, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026648 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 13.5 billion mark in 2022 and is expected to hit US$ 20.0 billion by 2030, recording a CAGR of 5.0% during the forecast period.

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Rising carbon black usage in rubber production industries drives the market growth

Rising carbon black usage in rubber manufacturing industries is expected to drive market growth. In addition, the rising demand for electronics, automotive, and constructional systems requiring the extensive usage of rubber is likely to increase the material’s demand globally. Besides, governmental support for rubber manufacturing industries is likely to support the material’s demand in many countries globally.    

Within the report, the global carbon black market is segmented based on type, application, and geography. The global market is further segmented by type into furnace black, channel black, thermal black, acetylene black, and others. Based on application, the market is segmented into tires, non-tire rubber, plastics, inks & coatings, and others. Geographically, the global market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Increasing material’s usage as a conductive filler in plastic goods to augment market growth

Increasing material usage as a conductive filler in manufacturing plastic goods such as pipes, films, photographic containers, industrial bags, and so on is likely to offer growth opportunities. Furthermore, the rising penetration of electronic devices such as smartphones, laptops, and computers requiring carbon black material as a conductive filler in plastic packaging is expected to drive future market growth.

Increasing carbon black material’s usage in various industries to favor the market

Carbon black material is extensively used in manufacturing tires, non-tire rubbers, plastics, inks & coatings, and others. Rising demand for electric vehicles requiring the extensive usage of carbon black fillers in tires is expected to drive market growth. In addition, increasing usage of carbon black as a pigment in producing inks, paints, and coatings of different shades & colors is anticipated to favor the material’s demand globally. Increasing material usage in non-tire rubber applications such as electronic goods, rubber mats, roofing, conveyor belt, gaskets, and so on is also supporting future market growth.   

Recent strategic developments in the carbon black market

The carbon black market has undergone several significant developments, and a few of these have been mentioned below:

  • In October 2021, Cabot Corporation launched VULCAN 3-LP carbon black, a new polymer product for rubber manufacturing operations.
  • In October 2019, Orion Engineered Carbons SA launched ECORAX, a renewable carbon black product for rubber production operations.

The carbon black market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Cabot Corporation, China Synthetic Rubber Corporation, Jiangxi Black Cat Carbon Black Inc., Ltd., Mitsubishi Chemical Corporation, and OCI Company Ltd. are the prominent players operating in the market.

The target audience for the report:

  • Carbon black manufacturers
  • Carbon black suppliers
  • Carbon black distributors and exporters
  • End users of carbon black
  • Chemicals & materials industry-related associations, organizations, forums, and alliances
  • Government bodies, such as policymakers and regulating authorities
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the global market has been segmented based on:

  • Type:
    • Furnace Black
    • Channel Black
    • Thermal Black
    • Acetylene Black
    • Others  
  • Application:
    • Tire
    • Non-Tire Rubber
    • Plastics
    • Inks & Coatings
    • Others    
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Cabot Corporation
  • China Synthetic Rubber Corporation
  • Jiangxi Black Cat Carbon Black Inc., Ltd.
  • Mitsubishi Chemical Corporation
  • OCI Company Ltd.

The List of Companies
- Cabot Corporation
- China Synthetic Rubber Corporation
- Jiangxi Black Cat Carbon Black Inc., Ltd.
- Mitsubishi Chemical Corporation
- OCI Company Ltd.

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