Carbon Black Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Market Overview

The carbon black market is projected to expand at a CAGR of 3.85% from 2024 to 2031. Carbon black is a material formed by the incomplete combustion of petroleum products such as coal tar.

Carbon black is used as a colouring agent to produce synthetic textiles. For instance, since these materials need robust color performance, carbon black is used to color clothing and fabrics made from denier polyester and nylon fibers. Manufacturing of athletic and military apparel makes extensive use of carbon black. Additionally, carbon black is employed in producing coarse staple fibers, mainly used to make woven blankets, floor coverings, and other textiles. The expanding applications in the fiber and textile sectors and the growing market penetration of speciality black are the main drivers of the market's growth.


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Market Drivers: Increasing Use in the Textile and Fiber Industries

Specialty carbon black, also known as pigment black, is the purest type of carbon black, with the least amount of ash, sulfur, and other impurities. Specialty carbon black is expanding quickly in industrialized nations like the United States, making up for the standard carbon black market's slower expansion. Specialty carbon black offers a vivid color, improved conductivity, viscosity, and U.V. defense. Specialty carbon black is used in every non-rubber use of carbon black, which is anticipated to grow dramatically in the coming years. Specialty black is projected to be in high demand for plastics and printing inks.
Leading carbon black producers have increased their production capabilities and switched over their normal carbon black production line to produce specialized carbon black in response to the rising demand for this product. The businesses are also investing in RandD facilities, which can provide them a competitive advantage in the niche carbon black market.

Market Opportunities:

The existence of market competitors concentrating on growing carbon black production due to the increased demand from various sectors is assisting in the expansion of the carbon black market. Market participants are concentrating on keeping a competitive edge. Market expansion is fueled by increased R&D efforts to investigate cutting-edge and economical techniques to produce carbon black. Technology development is expanding the black market for carbon. In Asian nations like China and India, the black market for carbon is growing quickly.

Carbon Black Market Segmentation

The global Carbon Black Market is segmented based on Process type, Grade Application and End User

By Process Type

Furnace Black
Gas Block
Lamp Black
Thermal Black

By Grade

Standard Grade
Speciality Grade

By Applications

Tire Rubber
Non-tire Rubber
Plastics
 Inks and Paints & Coatings
Others

By End-User Industry

Transportation
Industrial Applications
Printing & Packaging
Construction
Others

Market Companies:

Key players operating in the carbon black market are Cabot Corporation, Orion Engineered Carbons S.A., Phillips Carbon Black Limited, Thai Carbon Black Public Company Limited (Birla Carbon), Tokai Carbon Co., Ltd., Continental Carbon, and Sid Richardson Carbon & Energy Co. among others.

Geographical Share:

Asia-Pacific has been a dominant force in the global functional additives and barrier coatings market and is expected to cover nearly 60.1% in the forecast period. For many packaging companies, the important growth market is still emerging in Asia-Pacific. Baby food cans and canned drinks have seen a recent increase in demand for the metal packaging sector. For instance, the beer market in Asia-Pacific is anticipated to increase by 7%.

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