Mexico Carbon Black Market Size, Growth, Latest Trends and Forecast 2025-2033

IMARC Group has recently released a new research study titled "Mexico Carbon Black Market Size, Share, Trends and Forecast by Type, Grade, Application, and Region, 2025-2033", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Market Overview

The Mexico carbon black market size reached USD 211.3 Million in 2024 and is forecasted to grow to USD 298.3 Million by 2033, reflecting a CAGR of 3.1% during 2025-2033. Market growth is driven by strong demand from the automotive, tire, and rubber sectors, along with increasing applications in electronics, coatings, and plastics. Enhanced manufacturing capabilities and a shift towards sustainable production methods support long-term expansion.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Mexico Carbon Black Market Key Takeaways

• Current Market Size: USD 211.3 Million in 2024
• CAGR: 3.1% during 2025-2033
• Forecast Period: 2025-2033

• The market benefits from expanding automotive and tire production fueled by Mexico's strategic location and trade agreements like USMCA.

• Growing electric vehicle demand drives development of advanced carbon black grades for lightweight, high-performance components.

• Sustainability trends boost green carbon black production from renewable materials and waste tire pyrolysis.

• Rising applications in electronics and coatings increase demand for specialty carbon black grades.

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Mexico Carbon Black Market Growth Factors

The expanding Mexican automobile industry remains a major market driver as demand rises for higher quality rubber products, including tires. The use of carbon black in tires can considerably improve durability, performance, and traction. The USMCA and the growth of the automotive manufacturing industry in Mexico have helped increase tire production, leading to an increase in demand for carbon black from this industry. The growing popularity of the industry is expected to propel the market during the forecast period.

Sustainability and technological innovation are also factors in the market, with manufacturers adopting production techniques such as the use of recycled raw materials, and "green" carbon black produced from renewable raw materials or waste tire pyrolysis. In response to stricter environmental regulation, the market has sought to create sustainable alternatives.

Demand in automotive tires, industrial coatings, and the growing use of carbon black for antistatic and electrostatic dissipative in electronics applications are expected to contribute to the growth of the market. Research and development has led to the introduction of specialty grades with improved properties that are used in newer and innovative applications.

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Mexico Carbon Black Market Segmentation

Breakup by Type:

• Furnace Black: The report offers a detailed breakup and analysis of furnace black as a major segment of the carbon black type.

• Channel Black: Includes detailed market analysis for channel black.

• Thermal Black: Covers market specifics and trends for thermal black.

• Acetylene Black: Discussed with a focus on its role and market dynamics.

• Others

Breakup by Grade:

• Standard Grade: Detailed breakup and analysis of the standard grade carbon black.

• Specialty Grade: Detailed breakup and analysis of specialty grade carbon black focusing on advanced applications.

Breakup by Application:

• Tire: Detailed analysis covering the use of carbon black in tire manufacturing.

• Non-Tire Rubber: Includes the use of carbon black in other rubber products.

• Plastics: Analysis of carbon black applications in plastics.

• Inks and Coatings: Includes detailed examination of use in inks and coatings.

• Others

Regional Insights

The report segments the market regionally into Northern Mexico, Central Mexico, Southern Mexico, and Others. The source does not specify which region is dominant or provide explicit market share or CAGR data by region. Therefore, a precise dominant region cannot be confirmed from the source.

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Recent Developments & News

• June 2024: Cabot Corp. resumed full operations at its Altamira, Mexico plant following production halts due to severe drought and heavy rains. The Altamira plant is a key producer of carbon black additives, and the full capacity resumption has stabilized supply in the region.

• October 2024: Hankook Tire initiated mass production of tires using ISCC-certified carbon black derived from pyrolysis oil of end-of-life tires. This initiative, involving collaboration with 12 companies, advances a circular economy approach by reducing petrochemical reliance and lowering carbon emissions.

Key Players

• Cabot Corp.
• Hankook Tire

Competitive Landscape

The market research report covers a comprehensive competitive landscape analysis including market structure, key player positioning, winning strategies, competitive dashboards, and company evaluation quadrants. Detailed profiles of all major companies have been provided.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

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This release was published on openPR.