The global carbon black feedstock market size was estimated at USD 7.4 billion in 2023 and is forecasted to grow at a CAGR of 4.4% from 2024 to 2030. The market is primarily driven by the growing demand for carbon black, a key component in various industries. The increasing production of tires, plastics, rubber, and other products that require carbon black is a significant factor driving the market.
In addition, the shift towards electric vehicles is expected to positively impact the carbon black feedstock market. While electric vehicles require fewer tires, they often incorporate carbon black in their batteries and other components, which could offset the decline in tire demand. Furthermore, the increasing focus on sustainability and the development of carbon black from renewable sources are also contributing to the growth of the market.
The increasing production of tires, plastics, rubber, and other products that require carbon black is a major driver. While electric vehicles require fewer tires, they often incorporate carbon black in their batteries and other components. Government regulations related to emissions and environmental standards can impact the use of carbon black.
The market is segmented into clarified slurry oil, ethylene cracker residue, and coal tar oils. Clarified slurry oil (CSO) is a byproduct of the sugar industry that can produce carbon black as a feedstock. CSO is a dark, viscous liquid that is rich in hydrocarbons. After a clarification process to remove impurities, it can be processed into carbon black, a valuable material used in various industries.
Coal tar oil is another potential feedstock for carbon black production. It is a byproduct of the coal tar distillation process and is rich in aromatic hydrocarbons. Its high carbon content makes it suitable for carbon black production. The use of coal tar oil as a carbon black feedstock is well-established, with proven production processes in place.
Ethylene cracker residue (ECR) is a byproduct of ethylene production. It is a complex mixture of hydrocarbons that can be used as a feedstock for carbon black production. ECR's high carbon content makes it suitable for this purpose. Finding a valuable use for this byproduct can help reduce the petrochemical industry's environmental impact.
The market is segmented into High BMCI Type and General Type. High BMCI-type carbon black is a type of carbon black characterized by its high black modulus (BMCI). This property indicates its ability to reinforce rubber compounds, making it a valuable material for applications requiring high strength, durability, and abrasion resistance.
General type carbon black is a broad category that encompasses various types of carbon black with a wide range of properties. It is used in various applications, including tires, plastics, rubber, and inks. It is used as a filler and reinforcement material in plastics, such as polyethylene and polypropylene. It is also used to improve rubber products' strength, durability, and abrasion resistance.
The key driver influencing the carbon black feedstock market in North America is the growing demand for carbon black itself. This demand is primarily fueled by the region's robust automotive industry, which is a major consumer of carbon black for tire production. Additionally, the plastics and rubber industries in North America also contribute significantly to the demand for carbon black.
The demand for carbon black feedstock in the U.S. has been steadily increasing due to the expanding automotive industry, particularly the production of electric vehicles (EVs). EVs require more carbon black than traditional gasoline powered vehicles due to their larger battery capacity and need for reinforced tires.
Asia Pacific carbon black feedstock market dominated with a revenue share of 43% in 2023 and is expected to grow at a significant rate from 2024 to 2030. The Asia-Pacific region is home to some of the world's largest automotive markets, and the demand for cars and other vehicles is driving the demand for carbon black used in tires and other components. The region is experiencing rapid industrialization, leading to increased demand for products that require carbon black, such as tires, plastics, rubber, and inks.
Europe is a major automotive market, and the demand for cars and other vehicles drives the demand for carbon black used in tires and other components. The plastics and rubber industries in Europe are also major consumers of carbon black, used as a reinforcement material and pigment. European Union regulations regarding emissions and product safety have influenced the use of carbon black in various applications, driving demand for specific types of carbon black.
The key driver influencing the carbon black feedstock market in Central and South America is the rapid industrialization and economic growth in the region. As these countries develop and modernize, there is a surge in demand for various products that require carbon black, such as tires, plastics, rubber, and inks.
Some key players operating in the market are Dow and BASF SE
Dow is a global materials science company that produces a wide range of products used in various industries. Founded in 1897, Dow is one of the world's largest chemical companies. Dow offers solutions for a wide range of industries, including automotive, construction, electronics, and energy.
BASF SE is a German multinational chemical company. It is one of the world's largest chemical producers, offering a wide range of products and solutions across various industries.The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Haldia Petrochemicals Ltd (HPL) and Arham Petrochem Private Limited are some emerging participants in the market.
Haldia Petrochemicals Ltd. (HPL) is a joint venture between the Indian Government and a consortium of global petrochemical companies. It is a major petrochemical complex located in Haldia, West Bengal, India. HPL is one of the largest petrochemical complexes in India and a significant contributor to the country's petrochemical industry. It plays a crucial role in meeting the domestic demand for petrochemical products and also exports to international markets.
Arham Petrochem Private Limited is an Indian petrochemical company that specializes in the production and distribution of various petrochemical products. While I couldn't find specific details about their operations and products, based on their name, it's likely that they are involved in the petrochemical industry.
The following are the leading companies in the carbon black feedstock market. These companies collectively hold the largest market share and dictate industry trends.
In May 2022, Sabic introduced five carbon black grades in ASTM 2 and 3 series (N220, N326, N330, N339 and N375) in GCC. Sabic’s high reinforcing grades are used by the rubber industry for various end-product applications like tires, molded rubber goods, conveyor belts, rubber sheeting and other industrial rubber products to enhance their durability.
Report Attribute |
Details |
Market size value in 2024 |
USD 7.72 billion |
Revenue forecast in 2030 |
USD 9.97 billion |
Growth rate |
CAGR of 4.4% from 2023 to 2030 |
Actual data |
2018 - 2023 |
Forecast period |
2024 - 2030 |
Quantitative units |
Revenue in USD million/billion, Volume in kilotons and CAGR from 2024 to 2030 |
Report coverage |
Revenue forecast, competitive landscape, growth factors, and trends |
Segments covered |
Source, product, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; Canada; Mexico; UK, Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Argentina; South Africa; Saudi Arabia |
Key companies profiled |
Indian Oil Corporation Ltd; Dow; Arham Petrochem Private Limited; Haldia Petrochemicals Ltd (HPL); Jalan Carbons & Chemicals (P) Ltd.; Shell; BASF SE; Aramco; Sherwin-Williams Company; Epsilon Carbon Private Limited |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global carbon black feedstock market based on the source, product, and region:
Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Clarified Slurry Oil
Ethylene Cracker Residue
Coal Tar Oils
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
High BMCI Type
General Type
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Asia Pacific
China
Japan
India
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
South Africa
b. The global carbon black feedstock market size was estimated at USD 7.4 billion in 2023 and is expected to reach USD 7.72 billion in 2024.
b. The global carbon black feedstock market is expected to grow at a compound annual growth rate of 4.4% from 2024 to 2030 to reach USD 9.97 billion by 2030.
b. North America dominated the carbon black feedstock market with a share of 24.5% in 2023. This is attributable to the region's robust automotive industry, which is a major consumer of carbon black for tire production.
b. Some key players operating in the carbon black feedstock market include Indian Oil Corporation Ltd, Dow, Arham Petrochem Private Limited, Haldia Petrochemicals Ltd (HPL), Jalan Carbons & Chemicals (P) Ltd., Shell, BASF SE, Aramco, Sherwin-Williams Company, Epsilon Carbon Private Limited
b. Key factors that are driving the market growth include increasing production of tires, plastics, rubber, and other products in various industries
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