Global Carbon Black Market Size & Outlook, 2022-2030

The carbon black industry worldwide is expected to reach a projected revenue of US$ 31,042.5 million by 2030. A compound annual growth rate of 4.8% is expected of the worldwide carbon black industry from 2023 to 2030.

Revenue, 2022 (US$M)
$21,362.0
Forecast, 2030 (US$M)
$31,042.5
CAGR, 2023 - 2030
4.8%
Report Coverage
Worldwide

Global carbon black market highlights

  • The global carbon black market generated a revenue of USD 21,362.0 million in 2022 and is expected to reach USD 31,042.5 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 4.8% by 2030.
  • In terms of segment, tires accounted for a revenue of USD 14,691.6 million in 2022.
  • Plastics is the most lucrative application segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2022.
  • Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 21,362.0 million
Market revenue in 2030USD 31,042.5 million
Growth rate4.8% (CAGR from 2022 to 2030)
Largest segmentTires
Fastest growing segmentPlastics
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationTires, High Performance Coatings, Plastics

Other key industry trends

  • In terms of revenue, the North America accounted for 16.4% of the global carbon black market in 2022.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, Canada is the fastest growing regional market and is projected to reach USD 607.4 million by 2030.

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Carbon Black Market Scope

Carbon black market segmentation & scope

Carbon Black Market Companies

Name Profile # Employees HQ Website

Global carbon black market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carbon black market will help companies and investors design strategic landscapes.


Tires was the largest segment with a revenue share of 68.77% in 2022. Horizon Databook has segmented the Global carbon black market based on tires, high performance coatings, plastics covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Carbon Black Application Outlook (Revenue, USD Million, 2018-2030)
    • Tires
    • High Performance Coatings
    • Plastics
    • Others

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Target buyers of Global carbon black market databook

  • Our clientele includes a mix of carbon black market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global carbon black market , including forecasts for subscribers. This global databook contains high-level insights into Global carbon black market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global carbon black market size, by regions, 2018-2030 (US$M)

Top 10 countries: Carbon black market size, 2022 (US$M)

Global carbon black market share, by application, 2022 & 2030 (%, US$M)

Carbon Black Market: Opportunity Assessment By Country

Global carbon black market, by region, 2022 (US$M)

Global carbon black market size, by regions, 2018-2030 (US$M)

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