Carbon Black Market Size To Reach $31.04 Billion By 2030

Carbon Black Market Growth & Trends

The global carbon black market size is expected to reach USD 31.04 billion by 2030, registering a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing tire production on accounted of growing transportation industry is driving the product demand. Carbon black is a highly regulated industry as the manufacturing process is considered harmful owing to the toxic emissions, which have adverse effects on the environment and health. In February 2003, it was added to the California Office of Environmental Health Hazard Assessment (OEHHA) list of substances known to the State that cause cancer.

Major companies in the market are focusing on R&D activities to develop new manufacturing techniques to reduce harmful emissions. Stringent regulations to curb emissions are expected to play a major role in driving the market growth. Emerging countries in Asia Pacific, such as China, Thailand, India, and Indonesia, are projected to generate the maximum product demand in the coming years. Manufacturers in North America and Europe regions are forced to shift their operations to Asian countries owing to low cost in emerging countries. However, recovery in the automotive industry in countries, such as Germany and France, is are anticipated to boost market growth in Europe over the forecast period.

 Request a free sample copy or view report summary: Carbon Black Market Report

Carbon Black Market Report Highlights

• Tires emerged as a dominant application segment accounting for 68.8% of the overall revenue share in 2023 due to rise in production of tires as a result of high demand from the automotive industry

• Plastics is anticipated to be the fastest-growing application from 2024 to 2030 owing to its rising application scope in the production of high-performance products

• Stable automotive production and a gradually increasing plastics and rubber manufacturing landscape in Brazil is projected to drive the market in Latin America

Carbon Black Market Segmentation

Grand View Research has segmented the carbon black market on the basis of on type, application, grade, and region:

Carbon Black Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Furnace Black

• Channel Black

• Thermal Black

• Acetylene Black

• Others

Carbon Black Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Tire

• Non- tire Rubber

• Plastics

• Inks & Coatings

• Others

Carbon Black Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Standard Grade

• Specialty Grade

Carbon Black Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

  • Russia

• Asia Pacific

  • China

  • Japan

  • India

  • Indonesia

  • Malaysia

  • Thailand

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players of Carbon Black Market

• Orion Engineered Carbons Holdings GmbH

• OMSK Carbon Group

• Sid Richardson Carbon & Energy Co.

• Tokai Carbon Co. Ltd.

• Asahi Carbon Co. Ltd.

• Ralson Goodluck Carbon

• Atlas Organic Pvt. Ltd.

• Continental Carbon Co.

• OCI Company Ltd.

• Birla Carbon

• Bridgestone Corp.

• Cabot Corp.

• China Synthetic Rubber Corporation (CSRC)

• Himadri Companies & Industries Ltd. (HCIL)

• Mitsubishi Chemicals

• Nippon Steel & Sumikin Chemical Co. Ltd.

• Jiangxi Black Cat Carbon Black Inc.