Global Specialty Carbon Black Market to Grow at 6.57% During 2024-2032, Stimulated by Significant Growth in Automotive Industry

August 23, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Specialty Carbon Black Market Report by Grade Type (Conductive Carbon Black, Fiber Carbon Black, Food Contact Carbon Black, and Others), and Region 2024-2032,” the global specialty carbon black market is projected to exhibit a growth rate (CAGR) of 6.57% during 2024-2032. Specialty carbon black is a high-performance form of carbon black that possesses unique and tailor-made properties to meet specific industrial requirements. It is a fine black powder composed primarily of carbon and is widely used as a reinforcing filler in various products such as tires, plastics, and coatings due to its excellent mechanical and conductive properties. These customized attributes enable it to enhance specific product attributes, such as UV protection, conductivity, coloration, and reinforcement capabilities. Industries such as automotive, aerospace, electronics, and paints and coatings rely on specialty carbon black to optimize their products performance, durability, and functionality.

Global Specialty Carbon Black Market Trends:

Significant growth in the automotive sector is driving the global market. As automobile manufacturers focus to enhance fuel efficiency and reduce emissions, specialty carbon black finds extensive application in tire compounds, providing improved treadwear, grip, and rolling resistance. Furthermore, the rising demand for specialty carbon black is also attributed to its use in the plastics industry, as it acts as a reinforcing agent in plastic compounds, providing enhanced mechanical properties, electrical conductivity, and ultraviolet (UV) protection. As the world transitions towards cleaner and more sustainable energy solutions, the demand for specialty carbon black in the battery sector is expected to increase. Furthermore, with a growing emphasis on aesthetically appealing and long-lasting products, specialty carbon black has gained traction in these industries. The constant focus on research and development to improve the properties and performance of specialty carbon black further fuels its market growth. As companies invest in cutting-edge technologies and innovative manufacturing processes, the production of high-quality specialty carbon black becomes more efficient and cost-effective.

Market Summary:

  • Based on the grade type, the market has been segmented into conductive carbon black (conductive polymers, paints and coatings, printing inks, and others), fiber carbon black (polyester fiber, pp masterbatches, nylon textiles, and others), food contact carbon black (packaging, film and sheet, consumer molded parts, and others), and others.
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being Ampacet Corporation, Atlas Organics Pvt. Ltd., Birla Carbon (Aditya Birla Group), Cabot Corporation, Continental Carbon Company (CSRC USA Corp.), Denka Company Limited, Himadri Speciality Chemical Ltd., Mitsubishi Chemical Corporation, OMSK Carbon Group Limited, Orion Engineered Carbon GmbH, Phillips Carbon Black Limited and Tokai Carbon Co. Ltd.
     

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Grade Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Ampacet Corporation, Atlas Organics Pvt. Ltd., Birla Carbon (Aditya Birla Group), Cabot Corporation, Continental Carbon Company (CSRC USA Corp.), Denka Company Limited, Himadri Speciality Chemical Ltd., Mitsubishi Chemical Corporation, OMSK Carbon Group Limited, Orion Engineered Carbon GmbH, Phillips Carbon Black Limited and Tokai Carbon Co. Ltd.
Customization Scope 10% Free Customization
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Global Specialty Carbon Black Market to Grow at 6.57% During 2024-2032, Stimulated by Significant Growth in Automotive Industry
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