Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1389
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Market Overview:

The global carbon black market size reached US$ 16.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

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.

 

 
 

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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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global carbon black market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, grade and application.

Breakup by Type:

 

 
 

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  • Furnace Black
  • Channel Black
  • Thermal Black
  • Acetylene Black
  • Others
     

Breakup by Grade:

  • Standard Grade
  • Specialty Grade
     

Breakup by Application:

  • Tire
  • Non-Tire Rubber
  • Plastics
  • Inks and Coatings
  • Others
     

Breakup by Region:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Grade, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered 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 and SID Richardson Carbon & Energy Co.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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