Press release
Exploring the Carbon Black Market: Insights, Growth Projections, Key Players, and Emerging Trends
Carbon Black Market
•The Carbon Black market has seen firm growth reaching $19.19 billion in 2024 and is projected to grow to $20.73 billion in 2025, marking a CAGR of 8.0%. This growth is linked to increased tire manufacturing, automotive industry expansion, rubber goods production, as well as expansion in the construction sector and usage in inks and toners.
•Also, it is set to surge to $29.4 billion in 2029 at a CAGR of 9.1%. The forecasted growth is mainly due to the development of emerging economies, increasing applications of specialty carbon black, stringent emission standards, and consumer electronics growth.
What Factors Contribute to the Growth of the Carbon Black Market?
The growth of the automotive industry plays a significant role in propelling the growth of the carbon black market. Black carbon is extensively used in areas like the making of tire inner liners, sidewalls, and treads due to its ability to boost the strength and longevity of tires. Its usage in the automotive industry also enhances tire processing, strength, durability, and performance. According to Plastic Today, a US-based plastics processing company, nearly 9,800 tons of carbon fibers are expected to be utilized in the US automotive industry by 2030, further supporting the growth of the carbon black market.
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Who Are the Key Players Driving Carbon Black Market Growth?
•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.
What Are the Breakthrough Trends in the Carbon Black Market?
•Technological advancements in production
•Integration of carbon black in plastics
•Water-borne carbon black dispersions
•Strategic mergers and acquisitions
•Smart packaging trends
How is the Global Carbon Black Market 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
Which Region Dominates the Carbon Black Market?
Asia-Pacific held the largest share in the carbon black market in 2024. Meanwhile, North America is expected to register the most rapid growth during the forecasted period. Regions analyzed in the carbon black market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Carbon Black Market Global Market Report?
- Market Size Analysis: Analyze the Carbon Black Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Carbon Black Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Carbon Black Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Carbon Black Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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