Carbon Black Market to Reach $33.04 Billion by 2030, Expanding at a 5.1% CAGR

The 𝐂𝐚𝐫𝐛𝐨𝐧 𝐛𝐥𝐚𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at USD 23.48 billion in 2023 and is projected to reach USD 33.04 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2024 to 2030. This steady growth reflects increasing demand across diverse sectors, particularly in tire manufacturing, plastics, and coatings.

𝐂𝐚𝐫𝐛𝐨𝐧 𝐛𝐥𝐚𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Carbon black is a finely divided form of elemental carbon produced through the incomplete combustion of hydrocarbons. Known for its reinforcement, coloring, and conductive properties, carbon black is widely utilized in industries such as automotive, plastics, coatings, and electronics. The tire manufacturing industry remains the dominant consumer, as carbon black significantly enhances tire durability and performance. Furthermore, rapid industrialization and urbanization, particularly in emerging markets like Asia-Pacific, drive the demand for this versatile material. Leading players, including Cabot Corporation, Birla Carbon, and Orion Engineered Carbons, invest in production facilities and sustainable technologies to maintain competitive advantages.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲:https://www.stellarmr.com/report/req_sample/Carbon-black-Market/2159

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐚𝐫𝐛𝐨𝐧 𝐛𝐥𝐚𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭:

The primary driver of the carbon black market is its critical role in tire manufacturing. Carbon black constitutes about 30% of a tire's weight, enhancing strength, durability, and resistance to wear. The growth of the automotive industry in regions like Asia-Pacific, driven by increasing income levels and urbanization, has amplified tire production and, consequently, the demand for carbon black. Additionally, its applications in plastics and coatings, where it improves material performance and aesthetics, contribute significantly to market growth. Efforts by major players to innovate eco-friendly production methods further bolster the industry's expansion.

𝐂𝐚𝐫𝐛𝐨𝐧 𝐛𝐥𝐚𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Key trends shaping the carbon black market include advancements in eco-friendly production technologies and the development of high-performance carbon black grades. Companies like Bridgestone Corporation are leveraging pyrolysis technology to recover carbon black from worn tires, promoting circular economy practices. Similarly, Orion Engineered Carbons is adopting cogeneration technologies to generate renewable energy during production. Sustainability initiatives and stringent environmental regulations encourage innovation, positioning the industry for long-term growth. Emerging markets in Asia-Pacific are witnessing heightened demand, driven by industrialization and robust growth in automotive and construction sectors.

𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐜𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.stellarmr.com/report/enquire_now/Carbon-black-Market/2159

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐚𝐫𝐛𝐨𝐧 𝐛𝐥𝐚𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐔𝐩𝐝𝐚𝐭𝐞𝐬

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam's carbon black market is witnessing robust growth, driven by the expanding tire manufacturing and automotive industries. The country's strategic location in Southeast Asia and increasing foreign investments have bolstered its industrial capacity. Notably, Birla Carbon announced plans to enhance its production capabilities in Vietnam, aiming to cater to the growing regional demand.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝'𝐬 𝐂𝐚𝐫𝐛𝐨𝐧 𝐁𝐥𝐚𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭

Thailand remains a significant player in the carbon black market, supported by its well-established automotive and rubber sectors. The growing demand for high-performance tires has spurred innovation. For instance, Cabot Corporation recently partnered with local companies to develop sustainable carbon black solutions.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧'𝐬 𝐂𝐚𝐫𝐛𝐨𝐧 𝐁𝐥𝐚𝐜𝐤 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Japan's focus on sustainability and advanced technologies has positioned it as a leader in producing specialty carbon black. Key developments include Tokai Carbon Co., Ltd. investing in R&D to create environmentally friendly carbon black. Additionally, the rise in electric vehicle (EV) production presents lucrative opportunities for market expansion.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚'𝐬 𝐂𝐚𝐫𝐛𝐨𝐧 𝐁𝐥𝐚𝐜𝐤 𝐒𝐞𝐜𝐭𝐨𝐫

South Korea is experiencing significant advancements in its carbon black market, with a focus on high-quality products for the electronics and automotive industries. OCI Company Ltd. has announced strategic partnerships with global players to enhance its production efficiency and sustainability efforts.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞'𝐬 𝐂𝐚𝐫𝐛𝐨𝐧 𝐁𝐥𝐚𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭

Singapore's robust trade network and advanced manufacturing ecosystem make it a critical hub for the carbon black market in Southeast Asia. Recent developments include Orion Engineered Carbons establishing regional headquarters in Singapore to better serve the growing demand in Asia-Pacific.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒 𝐂𝐚𝐫𝐛𝐨𝐧 𝐁𝐥𝐚𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭

The United States remains a dominant market for carbon black, driven by demand in the automotive and infrastructure sectors. Continental Carbon Company announced a significant expansion of its Texas facility, aiming to increase production capacity to meet domestic and export demands.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞'𝐬 𝐂𝐚𝐫𝐛𝐨𝐧 𝐁𝐥𝐚𝐜𝐤 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Europe's carbon black market is evolving, with a strong emphasis on sustainability and circular economy principles. Leading companies like Evonik Industries and Orion Engineered Carbons are investing in green technologies and recycling initiatives to align with stringent EU regulations.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

Cabot Corporation acquired a controlling stake in a Southeast Asian carbon black facility, aiming to strengthen its position in the region.

Birla Carbon launched a new product line focusing on low-carbon footprint solutions, catering to the growing demand for sustainable products.

Tokai Carbon Co., Ltd. entered into a joint venture with a South Korean company to enhance its market presence in East Asia.

Orion Engineered Carbons announced plans to expand its European operations, focusing on specialty carbon black for high-growth applications

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.stellarmr.com/report/req_sample/Carbon-black-Market/2159

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐚𝐫𝐛𝐨𝐧 𝐛𝐥𝐚𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭:

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

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐯𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/Carbon-black-Market/2159

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐂𝐚𝐫𝐛𝐨𝐧 𝐛𝐥𝐚𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

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.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

♦ FMCG Packaging Market https://www.stellarmr.com/report/FMCG-Packaging-Market/1154

♦ Functional Food Ingredients Market https://www.stellarmr.com/report/Functional-Food-Ingredients-Market/1156

♦ Green Coffee Market https://www.stellarmr.com/report/Green-Coffee-Market/1165

♦ Ice Cream Market https://www.stellarmr.com/report/Ice-Cream-Market/1168

♦ Luxury Car Market https://www.stellarmr.com/report/Luxury-Car-Market/1182

♦ Luxury Hotel Market https://www.stellarmr.com/report/Luxury-Hotel-Market/1183

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com

𝐀𝐛𝐨𝐮𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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.

This release was published on openPR.