Carbon Black Industry Expected to Reach $28.56 Billion by 2029 at 8.7% CAGR

Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.

Carbon Black Market Value Projection: How Much Will the Market Size by 2025?
In the past few years, the carbon black market has shown robust growth. The market is projected to surge from $19.19 billion in 2024 to $20.42 billion in 2025, denoting a compound annual growth rate (CAGR) of 6.4%. This significant rise during the historical phase owes to the surge in tire production, expansion of the automotive sector, heightened rubber goods manufacture, the proliferation of the construction industry, and increased demand for printing inks and toners.

What Will Be the Market Growth Forecat for Carbon Black in 2029?
The dimension of the carbon black market is forecasted to witness robust growth in the upcoming years. The market is estimated to expand to $28.56 billion by 2029, with a compound annual growth rate (CAGR) of 8.7%. The anticipated growth during this prediction period can be linked to the evolution of emerging economies, the rise in specialized carbon black applications, strict emission regulations, and the growth of consumer electronics. The future trends predominantly consist of technological progression in production, the incorporation of carbon black in plastics, dispersions of carbon black in water, strategic corporate mergers and acquisitions, and advancements in smart packaging.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/carbon-black-global-market-report

What Are the Core Competitive Drivers in the Carbon Black Industry?
The expansion of the automotive sector is predicted to boost the carbon black market's growth. This sector pertains to the manufacturing and sales of various types of vehicles. Carbon black, commonly employed in the manufacture of tire inner liners, sidewalls, and treads, enhances tire strength and durability. It is utilized in the automotive sector to enhance the processing, robustness, and longevity of tires while also boosting their performance. Plastic Today, a US-based plastics processing firm predicts that carbon fiber usage in the US automotive sector is set to achieve nearly 9,800 tons by 2030. Hence, the ascending automotive industry is fuelling the expansion of the carbon black market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6594&type=smp

Which Carbon Black Market Segment Is Projected to See the Fastest Growth?
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

Subsegments:
1) By Furnace Black: Standard Furnace Black, High-Performance Furnace Black
2) By Channel Black: High-Structure Channel Black, Low-Structure Channel Black
3) By Thermal Black: High-Temperature Thermal Black, Low-Temperature Thermal Black
4) By Acetylene Black: Powdered Acetylene Black, Granular Acetylene Black
5) By Other Types: Specialty Carbon Blacks, Black Masterbatch

Which Trends Are Opening New Opportunities in the Carbon Black Market?
The emergence of strategic alliances is a notable trend within the carbon black market, gaining increasing traction. Firms in the black carbon sector are joining forces to scale up the production of black carbon tailored for their industrial applications. For example, in April 2022, Origin Materials Inc., an American company specializing in carbon-negative materials, entered into a partnership with Mitsubishi Chemical Holdings Group (MCHG), a Japanese firm known for making carbon black. This partnership is geared towards the production of advanced carbon materials for making tires. It not only facilitates the transfer of unique technology but also aids in transitioning towards the use of environmentally friendly materials in the car industry.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=6594&type=smp

Who Are the Leaders in the Carbon Black Market?
Major companies operating in the carbon black market include 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.

Which Regional Carbon Black Markets Offer the Greatest Growth Potential?
Asia-Pacific was the largest region in the carbon black market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the carbon black market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.