Carbon Black Market Size, Share & Trends Analysis Report By Type, By Application (Tire, Non- Tire Rubber, Plastics, Inks & Coatings, Other), By Grade, By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the carbon black market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for carbon black market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of carbon black market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Carbon Black Market Categorization:

The carbon black market was categorized into four segments, namely type (Furnace Black, Channel Black, Thermal Black, Acetylene Black), application (Tire, Non- tire Rubber, Plastics, Inks & Coatings), grade (Standard Grade, Specialty Grade) and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The carbon black market was segmented into type, application, grade, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The carbon black market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty countries, namely, the U.S.; Canada; Mexico; Germany; the UK.; France; Italy; Spain; Russia; China; India; Japan; Indonesia; Malaysia; Thailand; Brazil; Argentina; South Africa; Saudi Arabia

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Carbon black market companies & financials:

The carbon black market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Orion Engineered Carbons GmbH - Orion Engineered Carbons Holdings GmbH, based in Frankfurt, Germany, is a leading producer and innovator of carbon black products. The company provides a wide range of carbon black products tailored to meet the specific requirements of different industries. These products serve as essential components and enhancers in manufacturing plastics, printing inks, and coatings and also play a crucial role in reinforcing rubber polymers. In a significant move in 2011, Orion Engineered Carbons Holdings GmbH acquired Evonik AG's carbon black business, further strengthening its position in the market.

• Omsk Carbon Group - OMSK Carbon Group is a Russian company that specializes in the production of carbon black. With manufacturing facilities in Omsk and Volgograd, the company offers a wide range of carbon black grades, including tread grades, carcass grades, low dispersion grades, and specialty grades. OMSK has an annual production capacity of 525 kilotons, and they have made significant investments to increase this capacity to 585 kilotons by 2017. Regarding sales, OMSK has a strong presence across Western and Eastern Europe, Scandinavia, the Middle East, Asia, the CIS, and the Americas. The company has representative offices in Germany, Romania, Turkey, Canada, and the United States to support its global operations.

• Tokai Carbon Co., Ltd. - Tokai Carbon Co., Ltd. is a carbon black manufacturer based in Japan. The company is involved in various business segments, including graphite electrodes, carbon black, fine carbon, smelting and lining, furnaces, friction materials, and anode materials. The company has established carbon black production plants in Ishinomaki, Shonan, Chita, Shiga, Hofu, Kyusyu Wakamatsu, and Tanoura to carry out its operations. Additionally, Tokai Carbon Co., Ltd. has research centers in Fuji, Chita, Hofu, Tanoura, and Chigasaki. In North America, the company's subsidiary, Tokai Carbon CB Ltd., focuses on the production and distribution of carbon black, boasting an impressive annual production capacity of 440,000 tons.

• Asahi Carbon Co. Ltd. - Asahi Carbon Co. Ltd., a carbon black manufacturer based in Niigata, Japan, operates globally with divisions dedicated to manufacturing, research, sales, and distributing carbon black. The company provides carbon black products that adhere to ASTM standards.

• Ralson - Ralson, an Indian-based company, specializes in the manufacturing and distribution of carbon black. The company's operations are divided into three distinct business units: carbon black, steel, and power. Each unit is equipped with customized technologies to cater to specific business requirements. Ralson boasts an impressive carbon black production capacity of 40,000 MT per annum. The company's manufacturing facilities and head offices are strategically located across various regions in India, including Punjab, New Delhi, Andhra Pradesh, Kerala, Karnataka, and Tamil Nadu. Additionally, Ralson extends its presence to the Middle East with operations in the United Arab Emirates (UAE).

• Atlas Organics Private Limited - Atlas Organics Private Limited is an Indian company that specializes in the production, supply, and distribution of carbon black, organic wax, and other related products. These include carbon powder, microcrystalline wax, maleic hard resin, biodiesel oil, black softomer, car wax, and carbon black granules. The company primarily serves the tire, rubber goods, and plastics industries in the Indian subcontinent. The carbon black produced by Atlas Organics Private Limited is composed of amorphous carbons and is widely used as a reinforcing agent in various rubber applications. It is worth noting that all the products manufactured by the company have been TrustSEAL Verified.

• Continental Carbon Company - Continental Carbon Company, a carbon black manufacturer based in the United States, has production plants in Texas, Ohio, and Oklahoma. The company's product range includes industrial rubber, carbon black, tire carbon black, and specialty carbon black. It operates as a subsidiary of CSRC USA Corp. In 2014, the company established its first overseas headquarters in Brussels, Belgium, to cater to the Middle East, Africa, and Asia Pacific regions. The company's manufacturing sites are in the U.S. (Texas, Sunray, Ponca City, Phenix City, Oklahoma, and Alabama) and Europe (Belgium). With an annual carbon black production capacity of 85,000 MT, the company holds certifications such as Phenix City ISO 9001, Ponca City ISO 9001, Sunray Conforming, and Phenix City ISO 14001.

• OCI Company Ltd. - OCI Company Ltd. is a renowned chemical and sustainable energy enterprise that provides a diverse range of 50 chemical products and green energy solutions. The company's operations are divided into three key business segments: basic chemicals, petrochemicals & carbon materials, and energy solutions. With a strong operational presence in Southeast Asia, India, and the Middle East & Africa, OCI Company Ltd. caters to a broad customer base. The company's extensive product portfolio encompasses polyurethanes, polymers, monomers, solvents, feedstuff, fertilizers, specialties, inorganic chemicals, rubber products, and cosmetic formulations.

• Birla Carbon - Birla Carbon, a leading global manufacturer and supplier of carbon black additives, has established its prominence in the industry. It achieved this through the acquisition and seamless integration of Columbian Chemicals Co. into the carbon black division of the Aditya Birla Group. Birla Carbon serves various end-use industries such as rubber, plastics, coatings, inks, and other specialized sectors. Their extensive product portfolio includes specialty blacks and ASTM grades tailored to meet specific application requirements. With an annual production capacity of 314,000 tons, the company excels in delivering customized carbon black products. Birla Carbon's global presence spans across 12 countries, encompassing 16 manufacturing facilities, nine sales offices, and two technology centers in the United States and India. Operating in numerous countries, including Brazil, Thailand, China, Canada, Egypt, Germany, Hungary, India, Italy, South Korea, Spain, and the United States, Birla Carbon has established itself as an international enterprise.

• Bridgestone Corporation - Bridgestone Corporation is a renowned manufacturer of tire and rubber products. The company offers a diverse range of products, categorized into two main categories: tires and BSAM diversified products. Their product portfolio includes tires and tubes for vehicles, such as passenger cars, trucks, buses, construction and mining vehicles, industrial and agricultural machinery, aircraft, motorcycles, and scooters. They also produce anti-vibration and noise-insulating materials, polyurethane foam products, electro-materials, industrial rubber products, building materials, belts, hoses, and commercial roofing materials. Bridgestone Corporation has established an extensive network of retail outlets to cater to their customers' needs. These outlets are a combination of company-owned stores and independent retailers. This allows them to serve their customers worldwide effectively. With a presence in over 150 countries, including the United States, Canada, Costa Rica, Mexico, Argentina, Brazil, Chile, Venezuela, Colombia, Austria, Belgium, Denmark, Germany, France, Italy, Switzerland, Spain, the United Kingdom, Russia, Turkey, India, China, Japan, Australia, the United Arab Emirates, and South Africa, Bridgestone Corporation has genuinely established itself as a global leader in the industry. Furthermore, the company also manufactures carbon black through its subsidiary, Bridgestone Carbon Black (Thailand) Co., Ltd. This subsidiary plays a crucial role in producing high-quality carbon black, which is an essential component in manufacturing tires and other rubber products.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Carbon Black Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Carbon Black Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.