Carbon Black Market Share & Size | Industry Analysis Report & Forecast 2020-2025

Press Release:

Global Carbon Black Market to Reach US$ 14.9 Billion by 2025, Spurred by Escalating Demand for Rubber Products

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global carbon black market was worth US$ 12 Billion in 2019. Carbon black is elemental carbon that is produced by partial combustion or decomposition of hydrocarbons such as oil and natural gas under controlled temperature and pressure. It mainly consists of carbon along with small amounts of hydrogen, oxygen, sulfur and nitrogen. Carbon black is most commonly produced by the furnace method that provides high yield and substantial control over the particle structure and size of the output, making it ideal for mass production. It finds wide application across various industries such as automotive and paint. It is also used as a filler and a strengthening agent in tires and several rubber products.

The growing automotive industry is one of the key factors driving the market growth. Carbon black is extensively used in the inner liners, sidewalls and treads of tires as it increases their strength and longevity. It is also applied in various extruded and molded industrial rubber products such as air springs, belts, hoses, gaskets and types of conveyor wheels and grommets. Furthermore, the flourishing construction and manufacturing sectors are also driving the market growth. These sectors extensively utilize industrial rubber and other related equipment, in which carbon black forms an integral part. Moreover, in the paints and coatings industry, it is used in jet black paints which act as a protective coating to various products. Apart from this, as the mixture of carbon black and cement results in an enhanced uniformity, surface hardness, tensile strength and compressive strength, there has been an increase in the demand for carbon black in the construction industry. Looking forward, IMARC Group expects the global carbon black market to exhibit moderate growth during 2020-2025.

Report Coverage:

Historical, Current and Future Market Trends
Market Breakup by Type:
- Furnace Black
- Channel Black
- Thermal Black
- Acetylene Black
- Others
Market Breakup by Grade:
- Standard Grade
- Specialty Grade
Market Breakup by Application:
- Tire
- Non-Tire Rubber
- Plastics
- Inks and Coatings
- Others
Market Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the global carbon black market with some of the key players being Cabot Corporation, Thai Carbon Black Public Company Limited (Birla Carbon), Orion Engineered Carbons S.A., Phillips Carbon Black Limited, Tokai Carbon Co., Ltd., Omsk Carbon Group OOO, Jiangxi Black Cat Carbon Black Inc., Ltd., OCI Company Ltd., China Synthetic Rubber Corporation, SID Richardson Carbon & Energy Co., etc.

Key Questions Answered in This Report:

How has the global carbon black market performed so far and how will it perform in the coming years?
What are the key regional markets in the global carbon black industry?
What has been the impact of COVID-19 on the global carbon black market?
What is the breakup of the market based on the type?
What is the breakup of the market based on the grade?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global carbon black industry?
What are the key driving factors and challenges in the global carbon black industry?
What is the structure of the global carbon black industry and who are the key players?
What is the degree of competition in the global carbon black industry?
What are the profit margins in the global carbon black industry?