Specialty Carbon Black Market To Reach $5.40 Billion By 2030

Specialty Carbon Black Market Growth & Trends

The global specialty carbon black market size is expected to reach USD 5.40 billion by 2030, registering a CAGR of 10.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the increasing demand for the product as reinforcing agents, specifically in tires, among other applications. In addition, the growing use of the product in agricultural mulch film, refuse sacks, stretch wrap, and industrial bags is estimated to contribute to the market growth.

The global push toward electric vehicles (EVs) and renewable energy storage systems is creating a significant opportunity for specialty carbon black. The increasing demand for specialty carbon black,  utilized as a conductive agent in lithium-ion battery electrodes and casings, is driven by the expansion of gigafactories and the growth of electric vehicle (EV) production.

The Asia Pacific region dominated the regional segment in 2024. This region's expansion can be attributed to rising plastic consumption in key end-use industries, such as construction, automotive, conductive polymers, and packaging. Increasing polymer production in China, India, and Southeast Asian countries, such as South Korea, Thailand, Malaysia, and Vietnam, is expected to be a key driver of regional market growth during the forecast period.

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Specialty Carbon Black Market Report Highlights

• Based on grade, the food contact segment led the market with the largest revenue share of 30.7% in 2024. Increasing packaging, films & sheets, and plastic molded goods usage in the food industry is expected to drive market growth over the forecast period.

• The conductive grade segment held a considerable market share in 2024. It is used to manufacture cost-efficient electrically conductive plastic compounds used in various processing methods and final applications.

• Asia Pacific dominated the specialty carbon black market with a revenue share of 47.8% in 2024. The growth in this region can be attributed to expanding end-use industries.

Specialty Carbon Black Market Segmentation

Grand View Research has segmented the global specialty carbon black market on the basis of grade and region:

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

• Conductive Carbon Black

  • Conductive Polymers

  • Paints & Coatings

  • Battery Electrodes

  • Printing Inks

  • Others

• Fiber Carbon Black

  • Polyester Fiber

  • Pp Masterbatches

  • Nylon Textiles

  • Other Synthetic Fibers

• Food Contact Carbon Black

  • Packaging

  • Film & Sheet

  • Consumer Molded Parts

  • Others

• Other Carbon Black

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

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Russia

• Asia Pacific

  • China

  • India

  • Japan

  • Southeast Asia

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players of Specialty Carbon Black Market

• Omsk Carbon Group

• Tokai Carbon Co., Ltd.

• Atlas Organics Private Limited

• Continental Carbon Company

• Birla Carbon

• Cabot Corporation

• Oak Investment Partners

• Himadri Specialty Chemical Ltd

• Philips Carbon Black Limited

• Orion S.A.

• Ralson Carbon Black Limited