Global Carbon Black Market to Reach US$ 22.0 Billion by 2028, Impelled by Significant Growth in Automotive Industry

October 14, 2022 | Chemical & Materials

According to the latest report by IMARC Group, titled "Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global carbon black market reached a value of US$ 16.5 Billion in 2022. Carbon black is produced from the thermal decomposition of heavy petroleum raw materials, such as ethylene cracking tar, coal tar, or FCC tar. It is widely adopted due to its beneficial characteristics, such as effectively absorbing ultraviolet (UV) light and converting it into heat, surging tire tread wear and rolling resistance, improved thermal conductivity, and superior UV protection. Various processes, such as oil furnaces and thermal, are mainly used in product manufacturing. It is primarily used as a reinforcement filler in tire and non-tire rubber formulations. Most reinforced-grade carbon black is consumed in tire manufacturing, while the rest is employed in industrial rubber goods. It is also a performance enhancer in diverse end-use industries, such as plastics, paints, coatings, inks, and pigments.

Global Carbon Black Market Trends:

The global market is majorly driven by the rising plastic demand from the electronics, consumer goods, and automotive industries. In line with this, the growing product demand for the manufacturing of plastic goods due to its high strength, thermal conductivity, and antistatic properties is catalyzing the market. Furthermore, the increasing product consumption in tire manufacturing is positively influencing the market. Moreover, the widespread application of carbon black in the construction industry is creating a positive outlook for the market. Besides this, the rising usage of the product in agriculture mulch film, refuse sacks, stretch wrap, and industrial bags is strengthening the market. Additionally, multiple companies are heavily investing in research and development activities to improve their manufacturing processes to reduce gas emissions within the permissible limit and improve the quality of their product. This is anticipated to create numerous growth opportunities in the market. On account of the aforementioned factors, the market is projected to reach a value of US$ 22.0 Billion by 2028, exhibiting a CAGR of 4.3% during 2023-2028.

Market Summary:

  • On the basis of the type, the market has been segmented into furnace black, channel black, thermal black, acetylene black, and others.
  • Based on the grade, the market has been categorized into standard and specialty.
  • On the basis of the application, the market has ben classified into tire, non-tire rubber, plastics, inks and coatings, and others.
  • On the basis of the region, the market has been divided into North America, Asia Pacific, Europe, Latin America and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include 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.

Report Scope:

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)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Carbon Black Market to Reach US$ 22.0 Billion by 2028, Impelled by Significant Growth in Automotive Industry
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More