Carbon Black Market Growth, Trends, Key Players, and Forecast 2024-2031 | Asahi Carbon Co. Ltd., Birla Carbon, Bridgestone Corp.

Global Carbon Black Market reached US$ 27.56 billion in 2023 and is expected to reach US$ 38.08 billion by 2031, growing with a CAGR of 4.12% during the forecast period 2024-2031.

Carbon Black Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Carbon Black market focuses on the production and use of fine black powder made from carbon, which is primarily used as a reinforcing agent in tires, plastics, coatings, and inks. Driven by increasing demand in the automotive, rubber, and electronics industries, the market is expanding due to the growing need for durable and high-performance materials, along with the rise in industrialization and urbanization globally.

List of the Key Players in the Carbon Black Market:

Orion Engineered Carbons Holdings GmbH, OMSK Carbon Group, Sid Richardson Carbon & Energy Co., Tokai Carbon Co. Ltd., Asahi Carbon Co. Ltd., Ralson Goodluck Carbon, Atlas Organic Pvt. Ltd., Continental Carbon Co., OCI Company Ltd., Birla Carbon, Bridgestone Corp., Cabot Corp.

Industry Development:

In April 2023, Orion Engineered Carbons announced the activation of its new cogeneration technology at its Ivanhoe facility in Louisiana, US. This innovative system utilizes a steam turbine generator to convert waste steam from the carbon black plant's manufacturing cycle into sustainable energy, improving the facility's efficiency and environmental performance.

In March 2023, Tokai Carbon Co., Ltd. formed a strategic alliance with Sekisui Chemical Co., Ltd. to collaborate on the practical implementation of Carbon Capture and Utilization (CCU) technology. The goal of this partnership is to develop and produce a range of carbon products and materials designed to capture and store carbon dioxide (CO2) as solid carbon, contributing to sustainability and environmental protection.

Growth Forecast Projected:

The Global Carbon Black Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Carbon Black Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Carbon Black Market:

By Process: Furnace Black, Channel Black, Thermal Black, Acetylene Black.

By Grade: Standard Grade, Specialty Grade.

By Application: Tires and Industrial Rubbers, Non-Tire Rubber, Inks & Toners, Plastics, Textile Fiber and Others.

Regional Analysis for Carbon Black Market:

The regional analysis of the Carbon Black Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Carbon Black market?

➠ Who are the leading manufacturers in the global Carbon Black industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Carbon Black industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Carbon Black market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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