All updated as on -
By 2030, the Carbon Black Market is expected to be worth USD 17,231.8 Million, growing at a 7.5% CAGR from 2023 to 2030. The growth trajectory is anticipated to continue as carbon black usage soars in the plastics, paint, and tyre industries, which has led to an increase in applications in aerospace and automotive.
Carbon black is a type of para crystalline carbon that comprises 95% pure carbon and improves the material's physical and mechanical qualities to increase the effectiveness of the final product. Tyres, plastics, mechanical rubber products, printing inks, and toners are the main products that use carbon black in manufacture. Its primary usage is in insulating wires and cables because it can absorb UV radiation and convert it to heat. Additionally, a variety of rubber products and pigments are produced using it. It works well as a cheap rubber reinforcing agent in tyres.
The thermal degradation of heavy petroleum raw materials like coal tar, FCC tar, or ethylene cracking tar yields carbon black. It is widely used because of its advantageous properties, which include effective UV light absorption and heat generation, increased tyre tread wear and rolling resistance, enhanced thermal conductivity, and excellent UV protection. Manufacturing processes, like thermal and oil furnaces, are primarily used. Market expansion will be fueled by expanding plastic demand from the electronics, consumer goods, and automotive industries as well as rising product consumption in the tyre manufacturing sector.
The black market for high-grade carbon has a strong competitive environment that is highlighted by the existence of numerous international and local businesses. Through intensive research and development efforts, many of these vendors concentrate on creating rare carbon black materials that are beneficial in numerous applications. These businesses team up, bargain deals, and buy other businesses in an effort to remain competitive. They have put a lot of effort into expanding their production capabilities and developing novel, environmentally friendly ways for making high-quality carbon black.
Increased demand for carbon black from the tyre, construction, and manufacturing industries, where it is used to strengthen industrial rubber compounds and other equipment, are factors that are fueling the expansion of the carbon black market. It also offers physical qualities including colour stability, solvent resistance, and heat stability, which contribute to its widespread use in the paint and coating industries. The market's expansion is anticipated to be constrained in the next years by price variations for raw materials, an increase in the usage of silica as a replacement, and environmental issues related to the production of carbon black. On the other hand, the market is anticipated to benefit from increased demand for carbon black due to its UV protection and conductive qualities in plastics.
Due to rising demand from the construction, consumer goods, automotive, electronics, and electronics industries, the rubber sector is expanding quickly. Rubber products are extensively used in various industries to create wires and cables, tyres, hoses, air springs, windows and doors, belts, and gaskets. Almost all rubber compounds use carbon black as a filler to strengthen and improve their physical properties. It also helps to strengthen the rubber's volume and vulcanize it. Additionally, it distributes heat away from the tyre tread and belt region. This increases the durability of rubber items. They are heavily added to the inner liners, sidewalls and carcasses of tyres, among other tyre components. During the projected period, the rubber products market will be driven by rising product adoption along with the tyre industry's explosive growth.
The demand for the product is being constrained by the production process's harmful emissions of several gases, including nitrogen oxide, carbon dioxide, carbon monoxide, sulphur dioxide, and particulate matter. These emissions have an effect on the environment as well as on people's health. Dizziness, headaches, nausea, difficulty breathing, and chest tightness can all result from inhaling these gases. The governments of many nations have therefore set a number of strict laws. For example, the International Agency for Research on Cancer (IARC) expressed worry about the product's potentially dangerous effects on humans. As a result, these factors are preventing the acceptance of new products and are predicted to slow market expansion.
Report Coverage
Global Carbon Black research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Carbon Black report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Carbon Black competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Carbon Black market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Carbon Black market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Carbon Black market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Kremenchug Carbon Black Plant, Hebei Daguangming Juwuba Carbon Black Co. Ltd., Shijiazhuang Xinxing Chemical Carbon Co. Ltd., Cabot Corporation, Orion Engineered Carbons, Tokai Carbon Co. Ltd., Mitsubishi Chemical Corporation, JINNENG, Himadri Speciality Chemical Ltd., ChemChina, Jiangxi Black Cat Carbon Black Inc. Ltd., Phillips Carbon Black Ltd., NIPPON STEEL & SUMIKIN CHEMICAL CO. LTD., Sid Richardson Carbon and Energy Co. Ltd., OCI COMPANY Ltd., Suzhou Baohua Carbon Black Co. Ltd., Longxing Chemical, Shandong Huadong Rubber Materials Co. Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Carbon Black market based on the below-mentioned segments:
Global Carbon Black Market, By Process Type
Furnace Black
Channel Black
Thermal Black
Acetylene Black
Global Carbon Black market, By Function
Reinforcement
Pigments
Global Carbon Black Market, By End User
Tire
Non-tire
Paints & Coatings
Inks
Plasticsothers
Global Carbon Black market, Regional Analysis
Carbon black is a type of para crystalline carbon that comprises 95% pure carbon and improves the material's physical and mechanical qualities to increase the effectiveness of the final product. Tyres, plastics, mechanical rubber products, printing inks, and toners are the main products that use carbon black in manufacture. Its primary usage is in insulating wires and cables because it can absorb UV radiation and convert it to heat. Additionally, a variety of rubber products and pigments are produced using it. It works well as a cheap rubber reinforcing agent in tyres.
The thermal degradation of heavy petroleum raw materials like coal tar, FCC tar, or ethylene cracking tar yields carbon black. It is widely used because of its advantageous properties, which include effective UV light absorption and heat generation, increased tyre tread wear and rolling resistance, enhanced thermal conductivity, and excellent UV protection. Manufacturing processes, like thermal and oil furnaces, are primarily used. Market expansion will be fueled by expanding plastic demand from the electronics, consumer goods, and automotive industries as well as rising product consumption in the tyre manufacturing sector.
The black market for high-grade carbon has a strong competitive environment that is highlighted by the existence of numerous international and local businesses. Through intensive research and development efforts, many of these vendors concentrate on creating rare carbon black materials that are beneficial in numerous applications. These businesses team up, bargain deals, and buy other businesses in an effort to remain competitive. They have put a lot of effort into expanding their production capabilities and developing novel, environmentally friendly ways for making high-quality carbon black.
Increased demand for carbon black from the tyre, construction, and manufacturing industries, where it is used to strengthen industrial rubber compounds and other equipment, are factors that are fueling the expansion of the carbon black market. It also offers physical qualities including colour stability, solvent resistance, and heat stability, which contribute to its widespread use in the paint and coating industries. The market's expansion is anticipated to be constrained in the next years by price variations for raw materials, an increase in the usage of silica as a replacement, and environmental issues related to the production of carbon black. On the other hand, the market is anticipated to benefit from increased demand for carbon black due to its UV protection and conductive qualities in plastics.
Due to rising demand from the construction, consumer goods, automotive, electronics, and electronics industries, the rubber sector is expanding quickly. Rubber products are extensively used in various industries to create wires and cables, tyres, hoses, air springs, windows and doors, belts, and gaskets. Almost all rubber compounds use carbon black as a filler to strengthen and improve their physical properties. It also helps to strengthen the rubber's volume and vulcanize it. Additionally, it distributes heat away from the tyre tread and belt region. This increases the durability of rubber items. They are heavily added to the inner liners, sidewalls and carcasses of tyres, among other tyre components. During the projected period, the rubber products market will be driven by rising product adoption along with the tyre industry's explosive growth.
The demand for the product is being constrained by the production process's harmful emissions of several gases, including nitrogen oxide, carbon dioxide, carbon monoxide, sulphur dioxide, and particulate matter. These emissions have an effect on the environment as well as on people's health. Dizziness, headaches, nausea, difficulty breathing, and chest tightness can all result from inhaling these gases. The governments of many nations have therefore set a number of strict laws. For example, the International Agency for Research on Cancer (IARC) expressed worry about the product's potentially dangerous effects on humans. As a result, these factors are preventing the acceptance of new products and are predicted to slow market expansion.
Report Coverage
Global Carbon Black research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Carbon Black report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Carbon Black competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Carbon Black market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Kremenchug Carbon Black Plant, Hebei Daguangming Juwuba Carbon Black Co. Ltd., Shijiazhuang Xinxing Chemical Carbon Co. Ltd., Cabot Corporation, Orion Engineered Carbons, Tokai Carbon Co. Ltd., Mitsubishi Chemical Corporation, JINNENG, Himadri Speciality Chemical Ltd., ChemChina, Jiangxi Black Cat Carbon Black Inc. Ltd., Phillips Carbon Black Ltd., NIPPON STEEL & SUMIKIN CHEMICAL CO. LTD., Sid Richardson Carbon and Energy Co. Ltd., OCI COMPANY Ltd., Suzhou Baohua Carbon Black Co. Ltd., Longxing Chemical, Shandong Huadong Rubber Materials Co. Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Carbon Black Market from 2021 to 2030.
- Market Forecast for Carbon Black Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Carbon Black competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Carbon Black
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Carbon Black market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Carbon Black market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Kremenchug Carbon Black Plant, Hebei Daguangming Juwuba Carbon Black Co. Ltd., Shijiazhuang Xinxing Chemical Carbon Co. Ltd., Cabot Corporation, Orion Engineered Carbons, Tokai Carbon Co. Ltd., Mitsubishi Chemical Corporation, JINNENG, Himadri Speciality Chemical Ltd., ChemChina, Jiangxi Black Cat Carbon Black Inc. Ltd., Phillips Carbon Black Ltd., NIPPON STEEL & SUMIKIN CHEMICAL CO. LTD., Sid Richardson Carbon and Energy Co. Ltd., OCI COMPANY Ltd., Suzhou Baohua Carbon Black Co. Ltd., Longxing Chemical, Shandong Huadong Rubber Materials Co. Ltd.
Primary Target Market
- Market Players of Carbon Black
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Carbon Black market based on the below-mentioned segments:
Global Carbon Black Market, By Process Type
Furnace Black
Channel Black
Thermal Black
Acetylene Black
Global Carbon Black market, By Function
Reinforcement
Pigments
Global Carbon Black Market, By End User
Tire
Non-tire
Paints & Coatings
Inks
Plasticsothers
Global Carbon Black market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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