Press release
Global Carbon Black Market Valued at USD 23.48 Billion in 2023, Expected to Reach Nearly USD 33.04 Billion by 2030 with a 5.1% CAGR
Carbon Black Market
๐๐๐ซ๐๐จ๐ง ๐๐ฅ๐๐๐ค ๐๐๐ซ๐ค๐๐ญ size was valued at USD 23.48 Bn. in 2023 and the total Global Carbon black revenue is expected to grow at a CAGR of 5.1% from 2024 to 2030, reaching nearly USD 33.04 Bn. by 2030.
๐๐๐ซ๐๐จ๐ง ๐๐ฅ๐๐๐ค ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Carbon black is a finely powdered material primarily composed of elemental carbon, produced by the incomplete combustion of hydrocarbons. It is highly valued for its reinforcing properties and is used across various industries. The global carbon black market has shown steady growth due to increasing industrialization, infrastructure development, and automotive production. Key applications include tire manufacturing, plastics, coatings, and electronics.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ฎ๐ซ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:https://www.stellarmr.com/report/req_sample/Carbon-black-Market/2159
๐๐ก๐๐ญ ๐๐ซ๐ ๐๐๐ซ๐๐จ๐ง ๐๐ฅ๐๐๐ค ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ?
Growth Drivers:
Automotive Industry: Carbon black is a crucial component in tire manufacturing, enhancing strength, durability, and wear resistance. With the automotive industry's expansion, especially in emerging markets, demand for carbon black has risen proportionally. Each vehicle requires a set of tires, which drives significant demand for carbon black.
Industrialization: Rapid industrialization in regions such as Asia-Pacific has boosted demand for carbon black in various applications, including tires, construction, and manufacturing.
Infrastructure Development: Increased infrastructure projects worldwide contribute to higher demand for carbon black, used in coatings and construction materials.
Challenges:
Substitute Materials: The emergence of substitutes like silica and nanomaterials poses a threat to traditional carbon black applications. These materials are often preferred for their eco-friendly profiles and specific performance advantages.
Environmental Concerns: Growing consumer and regulatory focus on sustainability drives demand for eco-friendly alternatives. This shift impacts the carbon black market as manufacturers need to innovate to meet environmental standards.
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐๐ซ๐๐จ๐ง ๐๐ฅ๐๐๐ค ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ?
The Asia-Pacific region was a key player in the global carbon black market in 2023, largely due to rapid industrialization, urbanization, and significant growth in the automotive and manufacturing sectors. This dominance is driven by the high demand for carbon black in tire production, particularly in countries like China and India, where the automotive industry is booming. Major industry players, such as Birla Carbon and Cabot Corporation, have expanded their production capabilities in the region to cater to this growing demand. For instance, Birla Carbon's expansion of its production facility in India in 2021 highlights this trend.
Additionally, companies are investing in research and development to create high-performance and eco-friendly carbon black, which enhances product quality and sustainability. Strategic partnerships, like the one between Orion Engineered Carbons and a Chinese firm, have also bolstered market reach and technological advancements. The Chinese government's stricter environmental regulations have further encouraged the adoption of cleaner production technologies and emission reduction practices in the industry.
๐ ๐๐๐ ๐๐๐ญ ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ! @https://www.stellarmr.com/report/req_sample/Carbon-black-Market/2159
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐๐ซ๐๐จ๐ง ๐๐ฅ๐๐๐ค ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ?
By Type
Furnace Black
Channel Black
Thermal Black
Acetylene Black
Others
By Grade
Standard Grade
Specialty Grade
By Application
Tire
Non-tire Rubber
Plastics
Inks & Coatings
Others
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ซ๐๐จ๐ง ๐๐ฅ๐๐๐ค ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
Cabot Corporation
Birla Carbon
Orion Engineered Carbons
Continental Carbon Company
Tokai Carbon Co. Ltd.
Phillips Carbon Black Limited
Mitsubishi Chemical Corporation
Jiangxi Black Cat Carbon Black Inc.
OCI Company Ltd.
Longxing Chemical Group
China Synthetic Rubber Corporation
Himadri Specialty Chemicals Ltd.
Omsk Carbon Group
Asahi Carbon Co. Ltd.
Ralson Carbon
Shandong Huadong Rubber Materials Co. Ltd.
Nippon Steel Chemical & Material Co. Ltd.
Jinneng Science & Technology Co. Ltd.
China Synthetic Rubber Corporation
Atlas Organic Pvt. Ltd.
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฅ๐๐๐ฌ๐ ๐๐ข๐ฌ๐ข๐ญ:https://www.stellarmr.com/report/Carbon-black-Market/2159
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Electric Vehicle Charger Market https://www.stellarmr.com/report/Electric-Vehicle-Charger-Market/1152
Electrical Conduit Market https://www.stellarmr.com/report/Electrical-Conduit-Market/1153
Gas Calorimeter Market https://www.stellarmr.com/report/Gas-Calorimeter-Market/1157
Gathering Pipeline Market https://www.stellarmr.com/report/Gathering-Pipeline-Market/1158
Geofoam Market https://www.stellarmr.com/report/Geofoam-Market/1159
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com
๐๐๐จ๐ฎ๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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