Carbon Black Market: Growing Demand and Growth Opportunity by 2027

Market Overview

The worldwide Carbon Black Market was worth $17.5 billion in 2022 and is expected to rise at a CAGR of 3.5 percent from 2022 to 2030, reaching $23.0 billion.

Carbon black is a type of paracrystalline carbon that includes 95% pure carbon and improves the material’s mechanical and physical qualities, making it more effective. Carbon black is being used to make printing inks, tires, mechanical rubber items, plastics, and toners, among other things.

 It absorbs UV radiation and converts it to heat, which is ideal for insulating wires and cables. It’s also used in the production of a wide range of rubber products and colors. It can be used as a low-cost rubber reinforcing agent.

Key Vendors:

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.

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Market Segmentation

Furnace Carbon Black is the leader of the pack.

Acetylene black, furnace black and thermal black are among the black pigments that have been tested. Furnace black is one of the most popular categories on the market due to its great manufacturing capacity.

The market is dominated by function-based segments

The function-based segment includes pigments plus reinforcements. Given the rising usage of pigments in various types of paints, resin colorings, toners, printing inks, and other applications.

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Furnace Carbon Black is the leader of the pack.

Acetylene black, furnace black and thermal black are among the black pigments that have been tested. Furnace black is one of the most popular categories due to its great manufacturing capacity.

The market is dominated by function-based segments

The function-based segment includes pigments plus reinforcements. Given the rising usage of pigments in various paints, resin colourings, toners, printing inks, and other applications.

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Regional Classification

As the most important market, APAC takes the lead

Carbon black demand is predicted to expand in various industries, including electronic and electrical, rubber reinforcing, and others, with the Asia Pacific setting the pace. A rise in demand for conductive carbon black has been attributed to China’s and India’s economic expansion.

In Europe, black market operations are expected to increase significantly

Carbon back, utilized in inks and paints, has shown amazing expansion in the European market due to rising demand.

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The market in North America is likely to be a prominent player

MRFR predicts that North America, notably the carbon black market within the United States, shall perform very well because of the many tires that need to be changed.

Industry News

The spike in the need for carbon black from the tire and building & manufacturing industries, where this is utilized to offer toughness to industrial rubber compounds and other equipment, is one of the factors driving the market’s expansion. It also has physical features, including color stability, thermal stability, and solvent resistance, which makes it popular in the paint and coating industry.

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However, in the years ahead, volatility in raw material prices, a rise in the use of silica as a replacement, plus environmental concerns related to black carbon manufacturing are projected to limit the market growth. On the other hand, carbon black is likely to see increased demand as a result of its UV protection plus conductive qualities in plastics, which will open up new potential for the industry.

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Contact Information: Market Research Future® 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: mailto:[email protected]

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