Carbon Black Market 2023 Growth Opportunities, Industry Revenue and Business Analysis by Forecast – 2030

Carbon Black Overview:

Carbon Black Market is projected to be worth USD 17,231.4 Million by 2027, registering a CAGR of 4.5% during the forecast period (2020–2027). This would be marked by the impact of several factors like the booming automotive sector that has increased tire production and intake of carbon black. Carbon black also has a huge demand in the paints & coatings industry. In addition, the construction sector can influence changes in the market.

On the flip side, the market may find silica as an obstructing force as in the tire manufacturing industry, silica is growing big. Such deterrents can hold back market growth.

Segmentation:

The global carbon black market report has been studied by expert analysts on the basis of type, function, and end user. The report has data that would help in fetching insights backed by scientific methods of analysis. This includes charts, graphs, and others.

By type, the global study of the carbon black market has been studied on the basis of furnace black, thermal black, acetylene black, channel black, and others. The furnace black market had the maximum market share in 2017 and would register the fastest CAGR during the forecast period.

By function, the report on the global market reveals segments like reinforcement and pigments. The reinforcement segment had a global market share of 81.14% in 2017. The pigment segment would witness the fastest growth during the forecast period.

By end user, the global market deals with a segmentation that includes tires, non-tire, inks, paints & coatings, plastics, & others. The tire segment has a dominating stand and would record the fastest growth. This growth is primarily due to the expanding transport and automobile industries.

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Regional Analysis:

Asia Pacific has the largest market share as markets in China, India, South Korea, and Japan may inspire a drastic change. In fact, the growing investment in residential and commercial infrastructures can inspire better growth. In Europe, the automotive sector in Germany could influence the market significantly. In North America, the US will take charge of the market and help it proceed.

Competitive Landscape:

Cabot Corporation, Mitsubishi Chemical Corporation, Phillips Carbon Black Ltd., OCI COMPANY Ltd., Orion Engineered Carbons, JINNENG, Himadri Speciality Chemical Ltd., Tokai Carbon Co., Ltd., Longxing Chemical, Kremenchuk Carbon Black Plant, ChemChina, Sid Richardson Carbon and Energy Co. Ltd., NIPPON STEEL & SUMIKIN CHEMICAL CO., LTD., Shandong Huadong Rubber Materials Co., Ltd., Hebei Daguangming Juwuba Carbon Black Co. Ltd., Suzhou Baohua Carbon Black Co., Ltd., Shijiazhuang Xinxing Chemical Carbon Co. Ltd., and Jiangxi Black Cat Carbon Black Inc., Ltd. are some of the major companies that can transform the global carbon black market using their strategic skills to build momentum.

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Opportunities

Automotive Manufacturing in Asia-Pacific is on the Rise, Creating Opportunities

India, South Korea, and China are among the fastest-growing nations in the Asia Pacific. A soaring automotive industry also fosters demand for tires and rubber in these countries. Growing investment in the region has caused industrial advancement in the area, and the development of the construction business could also present some lucrative opportunities to key companies in the global industry.

July 2022

Origin Materials Inc., the world’s leading carbon-negative materials company with a mission to enable the world’s transition to sustainable materials, and Intertex World Resources, Inc. (“Intertex”), a leading value-added distributor of synthetic rubber, carbon black, process oils and rubber chemicals, today announced a strategic partnership to bring sustainable carbon-negative carbon black made using Origin Materials’ patented technology platform to the rubber compounding and plastic masterbatch industries.

Restraints Price Volatility of Raw Materials will be a Limiting Factor

Since carbon black’s price is almost exclusively determined by raw materials, fluctuations in the prices of these products can have a major impact on global demand. A fluctuation in the price of crude oil could impact the pricing of the target product in the upcoming years.

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Challenges The Growth of the Market is Being Challenged by Unfavorable Regulations

Regulations are changing, causing carbon black to be replaced with silica in tire manufacturing as a reinforcing agent. Carbon black production releases large amounts of CO2.

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