Carbon Black Global Market Report 2024 - By Growth, Share, Trends, Size, Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Carbon Black Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The carbon black market size has grown strongly in recent years. It will grow from $17.83 billion in 2023 to $19.32 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increased tire manufacturing, automotive industry growth, rubber goods production, construction sector growth, printing inks and toners.

The carbon black market size is expected to see strong growth in the next few years. It will grow to $26.66 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to emerging economies development, increasing specialty carbon black applications, stringent emission standards, consumer electronics growth. Major trends in the forecast period include technological advancements in production, integration of carbon black in plastics, water-borne carbon black dispersions, strategic mergers and acquisitions, smart packaging trends.

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Market Segmentation:
The carbon black market covered in this report is segmented -
1) By Type: Furnace Black, Channel Black, Thermal Black, Acetylene Black, Other Types
2) By Grade: Standard Grade, Specialty Grade
3) By Application: Tire, Non-Tire Rubber, Inks and Coating, Plastic, Other Applications

Major Driver - The Automotive Industry's Surge Fuels Growth In The Carbon Black Market
The growing automotive industry is expected to propel the growth of the carbon black market going forward. The automotive industry refers to the manufacture or sales of different types of vehicles. Black carbon is widely used for making the inner liners, sidewalls, and treads of tires as it increases the strength and longevity of tires. Carbon black is used in the automobile industry to improve the processing, strength, and durability of tires and also improve tire performance. For instance, according to Plastic Today, a US-based plastics processing company, the use of carbon fibers in the US automotive industry is expected to reach nearly 9,800 tons by 2030. Therefore, the growing automotive industry is driving the growth of the carbon black market.

Competitive Landscape:
Major companies operating in the carbon black market report are BASF SE, Dow Inc., Mitsubishi Chemical Holdings, China Synthetic Rubber Corp., International CSRC Investment Holdings Co. Ltd, NNPC Limited, OCI Company Ltd., Jiangxi Black Cat Carbon Black Co. Ltd, Nouryon, Cabot Corporation, Imerys S.A., Tokai Carbon Co. Ltd., Orion Engineered Carbons SA, Koppers Inc., BKT Carbon, ADNOC Group, Phillips Carbon Black Limited, Asahi Carbon Co. Ltd., Longxing Chemical Stock Co. Ltd, Himadri Speciality Chemical Limited, Thai Carbon Black Public Company Limited, Birla Carbon Public Company Limited, PCBL Limited, DCL Corporation, Continental Carbon Company, Pyrolyx AG, Sid Richardson Carbon & Energy Co., Epsilon Carbon Private Limited, Omsk Carbon Group, Black Bear Carbon, Monolith Inc.

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Top Trend - Innovative Products For Enhanced Rubber Product Safety
Major companies in the carbon black market are focused on developing innovative products, such as pelletized reinforcing carbon black, for enhanced rubber product safety and to gain a competitive edge in the market. A pelletized reinforcing carbon black is a form of carbon black engineered into pelletized particles for enhanced handling and efficient incorporation into rubber products during manufacturing. For instance, in October 2021, Cabot Corporation, a US-based specialty chemicals and performance materials company, launched VULCAN 3-LP carbon black, an addition to its LP carbon black series, designed for rubber applications requiring low polycyclic aromatic hydrocarbon (PAH) content. This pelletized reinforcing carbon black offers enhanced reinforcement, strength, abrasion, and tearing resistance for end-use rubber products, meeting stringent regulatory requirements. Positioned for consumer rubber goods, food contact applications, and potable water contact, VULCAN 3-LP complies with global standards limiting PAH content in specific rubber applications.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Carbon Black Market Characteristics
3. Carbon Black Market Trends And Strategies
4. Carbon Black Market - Macro Economic Scenario
5. Carbon Black Market Size And Growth
…..
27. Carbon Black Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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