Carbon Black Market Outlook Report

Published On: Feb, 2025
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Pages: 150

The Carbon Black Market is estimated at USD 19,853 Million in 2022. Further, the market is expected to grow from USD 21,169 Million in 2023 to USD 31,787 Million in 2030 at a CAGR of 5.2%.

Carbon Black Market Market Overview

Carbon black is a fine commercial form of carbon and is a lot like graphite. It consists of organic contaminants such as PAHs (Polycyclic Aromatic Hydrocarbons), identified as human carcinogens. Carbon black can form by partial burning and pyrolysis of low-value oil residues at high temperatures under controlled process conditions. 
The fundamental properties of carbon black include particle size, structure, porosity, surface chemistry, and physical form. Carbon black is an extremely fluffy fine powder with a large surface area and one of the most stable chemical products, essentially composed of elemental carbon.

Latest Trends in the Carbon Black Market

Increasing demand for carbon black in Asia Pacific region: 
Among Asia Pacific countries, China is estimated to show a significant growth rate in the carbon black market. In the coming years, production and demand for carbon black will continue to grow. The Chinese economy maintains high-speed growth, stimulated by consecutive increases in industrial output, import & export, consumer consumption and capital investment over the past few years. In addition, the growth in the Indian packaging industry has increased the demand for carbon black in different applications. Also, the Indian government's mission to make India a 100% electric vehicle nation by 2030 under the new National Electric Mobility Mission Plan is expected to push the demand for automobiles in the coming years. This demand, in turn, would aid growth in ancillary industries such as the tire industry, which uses carbon black as its primary raw material. Moreover, the demand for industrial rubber, such as in conveyor belts and hoses, is anticipated to influence the demand for carbon black in India positively. 
In 2022, Continental Carbon announced the opening of its new manufacturing plant in Gujarat with an investment of $83 Million. This new unit has four production lines and is estimated to have an annual production capacity of nearly 1,50,000 tonnes. The latest expansion comes on the heels of rising demand for carbon black from customers across the globe.
In 2021, Phillips Carbon Black Ltd had been progressing strategically with a project to establish a 150-kiloton-per-year production plant in southern India. According to ERJ, the manufacturer expects to invest €67 million in the plant. The factory is expected to be built near Chennai, India and launched in 2023, producing various grades of rubber black and specialty carbon black.

Driving Factors

Growing demand for carbon black usage in different end-user industries:
The demand for carbon black in different applications such as rubber reinforcement, paints & coatings, plastics, engineering resins, ESD, film & molding, battery electrodes, and inks & toners is boosting the market. Carbon black has extensive application as a model compound for diesel soot oxidation experiments. It is employed as a pigment and colorant, for reinforcing filler in tires and other rubber products, and as a wear protection additive in paints, plastics, and ink pigment. Also, it can be used as a food colorant when made using vegetable matter. 
Carbon black most prevalent use is as a pigment and reinforcing phase in automobile tires to make tires stronger and tear-resistant. Carbon black is widely utilized in tire industrial/Mechanical Rubber Goods (MRG) applications. It also helps conduct heat away from the belt and tread area of the tire, which reduces thermal damage while increasing tire life. It also protects rubber tires against ultraviolet light and oxidation. Modern tires have different grades of rubber compounds and need special grades of carbon black, depending upon the performance. Innovation in tires in pursuit of new, improved low rolling resistance, with additional emphasis on tire weight reduction, is expected to fuel the usage of carbon black. Carbon black is also extensively used in the rubber industry to strengthen, increase volume, and improve the physical properties of rubber. It also helps strengthen vulcanization.

Market Challenges

Hazardous Gas Emissions produced during production:
Every year, nearly 14 million tons of carbon black is produced across the globe, most of it through incomplete combustion of fossil fuels, causing emissions of 35-40 million tons of CO2. Up to 90% of carbon black is used as a reinforcing agent in products such as tires and rubber; the remainder is used as a pigment in plastics, inks, coatings and other applications. Globally about 1-1.5 billion tires come to the end of their life – most of which is dumped, landfilled, or burned, often in parts of the world where environmental controls are poor or non-existent. This provides major environmental challenges, ranging from CO? emissions and pollution from burning these tires to providing great breeding grounds for malaria mosquitos that reside in still-standing water remaining in these tires. 
Additionally, around 4.5 million tons of carbon black captured in these end-of-life tires go to waste. The production of carbon black leads to emissions of various harmful gases, such as carbon monoxide, which is a potential threat to the environment. Traditional carbon black is produced from fossil fuels, partially burning crude oil, under controlled conditions. This conventional way of producing carbon black is very polluting. A new solution to this issue creates a different production process for carbon black using end-of-life tires as feedstock to produce consistent, high-quality carbon blacks.

Companies Mentioned

ORION ENGINEERED CARBONS SA
CABOT CORPORATION:
BIRLA CARBON
PCBL, LTD.
OCI COMPANY, LTD.
 

Market Segmentation

Market Split

     Detail

By Product Type

  • Single-circuit
  • Multi-circuit

By End User

  • HVAC-R
  • Chemical & Petrochemical
  • Power Generation
  • Food & Beverage
  • Heavy Industry
  • Others

By Application

  • Evaporator
  • Condenser
  • Economizer

By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

TABLE OF CONTENTS

1. GLOBALCARBON BLACK INDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions

2. CARBON BLACK MARKET LATEST TRENDS, DRIVERS AND CHALLENGES, 2021-2030
2.1. Carbon Black Market Latest Trends
2.1.1. Increasing demand for carbon black in Asia Pacific region:
2.1.2. Growing usage of Recovered/Recycled & bio-based carbon black:
2.1.3. Innovations to Expand End-Use Applications:
2.1.4. Shifting focus from commodities to more specialized grades of carbon black:
2.1.5. Increasing Trade Prices Amid Disruption to Russia's Carbon Black Supply
2.2. Carbon Black Market Insights, 2021-2030
2.2.1. Leading Carbon Black End-Use, 2021-2030
2.2.2. Leading Carbon Black Grade, 2021-2030
2.2.3. Dominant Carbon Black Product Type, 2021-2030
2.2.4. Fast-Growing Geographies for Carbon Black, 2021-2030
2.3. Carbon Black Market Drivers to 2030
2.3.1. Growing demand for carbon black usage in different end-user industries:
2.3.2. Significant rise in carbon black production and properties:
2.3.3. Strong potential of specialty carbon black:
2.3.4. Growth in Plastics & Coatings Industry & Rising investments by key players:
2.4. Carbon Black Market Restraints to 2030
2.4.1. Hazardous Gas Emissions produced during production:
2.4.2. Fluctuating Raw Material Prices:
2.4.3. Availability of Substitutes:
2.4.4. Russia-Ukraine War Impact on Carbon Black Industry:
2.5. Carbon Black Market-Five Forces Analysis

3. GLOBAL CARBON BLACK MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
3.1. Global Carbon Black Market Overview, 2021
3.2. Global Carbon Black Market Size and Share Outlook, By End-Use, 2021-2030
3.2.1. Tire
3.2.2. Non-Tire Rubber
3.2.3. Plastics
3.2.4. Inks & Coatings
3.2.5. Other End-Use
3.3. Global Carbon Black Market Size and Share Outlook, By Grade, 2021-2030
3.3.1. Standard Grade
3.3.2. Specialty Grade
3.4. Global Carbon Black Market Size and Share Outlook, By Product Type, 2021-2030
3.4.1. Furnace Black
3.4.2. Thermal Black
3.4.3. Acetylene Black
3.4.4. Other
3.5. Global Carbon Black Market Size and Share Outlook by Region, 2021-2030

4. NORTH AMERICA CARBON BLACK MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
4.1. North America Carbon Black Market Overview, 2021
4.2. North America Carbon Black Market Size and Share Outlook by End-Use, 2021-2030
4.3. North America Carbon Black Market Size and Share Outlook, By Grade, 2021-2030
4.4. North America Carbon Black Market Size and Share Outlook, By Product Type, 2021-2030
4.5. North America Carbon Black Market Size and Share Outlook by Country, 2021-2030
4.5.1. United States
4.5.2. Canada
4.5.3. Mexico

5. EUROPE CARBON BLACK MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
5.1. Europe Carbon Black Market Overview, 2021
5.2. Europe Carbon Black Market Size and Share Outlook by End-Use, 2021-2030
5.3. Europe Carbon Black Market Size and Share Outlook, By Grade, 2021-2030
5.4. Europe Carbon Black Market Size and Share Outlook, By Product Type, 2021-2030
5.5. Europe Carbon Black Market Size and Share Outlook by Country, 2021-2030
5.5.1. Germany
5.5.2. UK
5.5.3. Italy
5.5.4. France
5.5.5. Spain
5.5.6. Rest of Europe

6. ASIA PACIFIC CARBON BLACK MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
6.1. Asia Pacific Carbon Black Market Overview, 2021
6.2. Asia Pacific Carbon Black Market Size and Share Outlook by End-Use, 2021-2030
6.3. Asia Pacific Carbon Black Market Size and Share Outlook, By Grade, 2021-2030
6.4. Asia Pacific Carbon Black Market Size and Share Outlook, By Product Type, 2021-2030
6.5. Asia Pacific Carbon Black Market Size and Share Outlook by Country, 2021-2030
6.5.1. China
6.5.2. Japan
6.5.3. India
6.5.4. South Korea
6.5.5. Rest of Asia Pacific

7. SOUTH AND CENTRAL AMERICA CARBON BLACK MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
7.1. South and Central America Carbon Black Market Overview, 2021
7.2. South and Central America Carbon Black Market Size and Share Outlook by End-Use, 2021-2030
7.3. South and Central America Carbon Black Market Size and Share Outlook, By Grade, 2021-2030
7.4. South and Central America Carbon Black Market Size and Share Outlook, By Product Type, 2021-2030
7.5. South and Central America Carbon Black Market Size and Share Outlook by Country, 2021-2030
7.5.1. Brazil
7.5.2. Argentina
7.5.3. Rest of South and Central America

8. MIDDLE EAST AFRICA CARBON BLACK MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
8.1. Middle East Africa Carbon Black Market Overview, 2021
8.2. Middle East Africa Carbon Black Market Size and Share Outlook by End-Use, 2021-2030
8.3. Middle East Africa Carbon Black Market Size and Share Outlook, By Grade, 2021-2030
8.4. Middle East Africa Carbon Black Market Size and Share Outlook, By Product Type, 2021-2030
8.5. Middle East Africa Carbon Black Market Size and Share Outlook by Country, 2021-2030
8.5.1. Middle East
8.5.2. Africa

9. CARBON BLACK MARKET STRUCTURE
9.1. ORION ENGINEERED CARBONS SA
9.2. CABOT CORPORATION:
9.3. BIRLA CARBON
9.4. PCBL, LTD.
9.5. OCI COMPANY, LTD.

10. APPENDIX
10.1. Carbon Black Trade Data
10.1.1. Carbon Black Imports, 2019-2022
10.1.2. Carbon Black Exports, 2019-2022
10.2. About Us
10.3. Sources
10.4. Research Methodology
10.5. Contact Information

  

  

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