Middle East & Africa Carbon Black Market Outlook, 2029
The Middle East & Africa Carbon Black Market is segmented into By Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black, Lamp Black), By Grade (Standard, Specialty), By Application (Tire, Non-Tire Rubber, Inks & Toners, Plastics, Others (lithium-ion batteries, graphite manufacturing, construction industry, and metallurgy)).
- Bonafide Research
- 31-01-2024
- Pages : 77
- Figures : 12
- Tables : 20
- Region : MEA
- Category : Chemical & Material
- Metal & Mineral
The Middle East and Africa Carbon Black market is anticipated to grow with more than 5% CAGR from 2023–2028 due to rise in nfrastructure development projects
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- CAGR (2024-2029) 5%
- Largest Market South Africa
- Fastest Market South Africa
- Format
Featured Companies
- 1. Saudi Basic Industries Corporation
- 2. Cabot Corporation
- 3. The Dow Chemical Company
- 4. Mitsubishi Chemical Group Corporation
- 5. Asahi Kasei Corporation
- 6. kronos worldwide inc
- More...
Carbon Black Market Market Analysis
The Middle East is a major hub for the petrochemical industry, and several countries in the region, such as Saudi Arabia and the United Arab Emirates, have significant oil and gas reserves. Carbon black is often a byproduct of the petrochemical industry, making it relevant to the region's economic landscape. As part of the broader industrialization in the Middle East, the demand for rubber and tyre products has increased. This has contributed to the demand for carbon black, given its crucial role in enhancing the properties of rubber. The automotive sector is a major consumer of carbon black, primarily in tyre manufacturing. Economic factors such as increased vehicle production, rising consumer incomes, and expanding transportation infrastructure contribute to the growth of the automotive industry, subsequently boosting demand for carbon black. The cost of raw materials, particularly feedstock like crude oil or natural gas, can impact the overall production costs of carbon black. Economic factors influencing raw material prices can, in turn, affect the profitability and growth of the carbon black industry. The increasing focus on sustainability and renewable energy sources has led to the development of green technologies, such as wind turbines and solar panels. Carbon black is used in the production of certain components for renewable energy systems, and growth in this sector can positively impact the carbon black market. Carbon black is used in the production of rubber goods, plastics, inks, coatings, and other industrial products. Higher manufacturing output, driven by economic growth, results in increased demand for these products, thereby benefiting the carbon black industry. According to the research report, “Middle East and Africa Carbon Black Market Outlook, 2028,” published by Bonafide Research, the Middle East and Africa Carbon Black market is anticipated to grow with more than 5% CAGR from 2023–2028. Population growth and urbanisation contribute to increased demand for automobiles, infrastructure, and consumer goods, all of which use carbon black in their production processes. The growth of other industries, such as construction, manufacturing, and general industrial activities, contributes to the demand for carbon black. Carbon black is used in various applications, including rubber goods, plastics, and coatings, making it an essential component in industrial processes. The automotive sector is a major consumer of carbon black, primarily in tyre manufacturing. As the automotive industry in the Middle East and Africa continues to grow, driven by factors such as population growth, urbanization, and increasing consumer purchasing power, there is a higher demand for tires, positively impacting the demand for carbon black. MEA's position in global trade and its relationship with other regions can impact the availability and pricing of carbon black. Economic and geopolitical factors influencing global trade can indirectly affect the MEA carbon black market. Governments in the MEA region have environmental regulations in place to address emissions, waste disposal, and other environmental concerns related to carbon black production. Compliance with these regulations is essential for businesses operating in the region. Some countries in the MEA region have industry-specific regulations that impact carbon black production. For example, regulations related to the tyre industry, where carbon black is a key component, may influence manufacturing processes and product standards.
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Download SampleMarket Dynamic
Market Drivers • Industrialization and Manufacturing: The ongoing industrialization and manufacturing activities in the MEA region contribute to the demand for carbon black. It is widely used in rubber goods, plastics, coatings, and other industrial applications. • Infrastructure Development: Investments in infrastructure projects, such as roads, bridges, and construction, drive the demand for carbon black. It is utilised in asphalt for road construction and in various construction materials. • Population Growth and Urbanisation: Rising population and urbanisation lead to increased demand for consumer goods, automobiles, and infrastructure, all of which use carbon black. This, in turn, boosts the overall demand for carbon black in the region. Market Challenges • Economic Instability: Economic uncertainties and fluctuations in the MEA region can impact industrial activities, leading to a potential decline in demand for carbon black. Economic instability may affect investments and consumer spending, influencing the overall market. • Trade Barriers and Tariffs: Changes in trade policies, tariffs, or trade barriers can impact the import and export of carbon black in the MEA region. This can influence market dynamics and competition among suppliers. Market opportunity • Rapid Industrialization: The ongoing industrialization in the MEA region provides opportunities for increased demand for carbon black in various industries, including automotive, construction, and manufacturing. • Renewable Energy Initiatives: The emphasis on sustainability and renewable energy sources offers an opportunity for carbon black manufacturers to adopt cleaner and more environmentally friendly production processes. This aligns with the global trend towards greener practices. • Government Support and Incentives: Governments in the MEA region may provide support and incentives for industries that adopt environmentally friendly practices. Companies can benefit from such initiatives by aligning their strategies with sustainability goals.
Carbon Black Market Segmentation
| By Type | Furnace Black | |
| Channel Black | ||
| Thermal Black | ||
| Acetylene Black | ||
| Lamp Black | ||
| By Grade | Standard | |
| Speciality | ||
| By Applications | Tire | |
| Non-Tire Rubber | ||
| Inks & Toners | ||
| Plastics | ||
| Others (lithium-ion batteries, graphite manufacturing, construction industry, and metallurgy) | ||
| MEA | United Arab Emirates | |
| Saudi Arabia | ||
| South Africa | ||
Based on type, the market is segmented into furnace black, channel black, thermal black, acetylene black, and lamp black. In the Middle East and Africa, Furnace Black is the major market. Furnace black is commonly used in the tyre industry, a significant component of the automotive sector. As the automotive industry in the MEA region grows, driven by factors such as population expansion, urbanisation, and increased consumer purchasing power, there could be a corresponding rise in the demand for furnace black. The ongoing infrastructure development in the MEA region, including the construction of roads and highways, can drive the demand for tyres, which, in turn, boosts the demand for furnace black as a key ingredient in tyre manufacturing. Furnace black is versatile and finds applications beyond tyres, such as in rubber goods, plastics, and various industrial products. The versatility of furnace black makes it suitable for a range of applications, contributing to its growth in the market. The growth of industrial activities in the MEA region contributes to increased demand for carbon black in various industrial applications. Furnace black, being a commonly used form of carbon black, may benefit from this trend. Industry preferences and historical usage patterns also play a role in the selection of carbon black types. Furnace black has been traditionally well-received and widely used in certain industries within the MEA region, this trend will continue. In terms of the grade segment, the market includes standard and specialty. The specialty is a growing segment in the Middle East and Africa's carbon black market. Specialty carbon blacks often exhibit unique properties that make them suitable for high-performance applications. The growing demand for high-quality and high-performance products in industries such as automotive, aerospace, and electronics drives the preference for specialty carbon blacks. Specialty carbon blacks find applications in niche industries that require specific properties such as conductivity, UV resistance, or coloration. Industries like electronics, specialty coatings, and high-end plastics may prefer specialty carbon blacks to meet their specialised needs. As certain niche markets within the MEA region expand, there is increased demand for specialty carbon blacks. These markets could include sectors like cosmetics, pharmaceuticals, and high-end consumer goods. Consumers are becoming more discerning and conscious of the products they use. Specialty carbon blacks can be utilised in products where appearance, performance, and other specific attributes are critical, meeting the rising expectations of consumers. The global carbon black market has seen a trend towards the increased use of specialty carbon blacks. As this trend permeates different regions, including the Middle East and Africa, local industries may align with these global shifts. Based on application segment, the market includes tyres, non-tyre rubber, inks and toners, plastics, and others (lithium-ion batteries, graphite manufacturing, construction industry, and metallurgy). As the printing industry expands in the Middle East and Africa, there is an increased demand for toner, which often contains carbon black. This growth is driven by various sectors, including businesses, educational institutions, and individuals with printing needs. The trend of office automation and increased use of printers in professional settings contribute to the rising demand for toners containing carbon black. Businesses use laser printers and copiers that utilise carbon black toner for high-quality printing. The education sector often relies on printing materials for educational resources. The demand for textbooks, workbooks, and other printed materials in schools and universities can contribute to the use of carbon black in toners. The growth of consumer purchasing power led to increased personal printing needs, such as home office printing and photo printing. Carbon black toners are commonly used in laser printers for these purposes. Advances in toner technology, including the development of toners with improved properties and performance, contribute to the adoption of carbon black toners in the market. The commercial printing sector, including advertising, marketing, and packaging, uses toners for various printing applications. The need for high-quality prints in these industries can drive the demand for carbon black toners.
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Carbon Black Market Market Regional Insights
Based on the report, the major countries covered include the UAE, Saudi Arabia, South Africa, and the rest of the Middle East and Africa. Among them, the UAE is contributing the most significant market share. The UAE, especially Dubai and Abu Dhabi, has experienced rapid economic development and diversification in recent decades. Economic growth often correlates with increased industrial activities, creating demand for materials like carbon black. The UAE has made substantial investments in industrial sectors, including manufacturing and petrochemicals. Industries such as rubber and tyre manufacturing, where carbon black is a crucial component, could contribute to the demand for carbon black in the region. Furthermore, the UAE has been known for its ambitious infrastructure projects, including the construction of buildings, roads, and transportation networks. These projects often require materials that use carbon black, such as asphalt and construction materials. The UAE, particularly Dubai, serves as a major trade and logistics hub in the region. This strategic location facilitates the import and export of goods, including raw materials like carbon black. The UAE's position as a business hub attracts international companies and industries. This influx of businesses can contribute to increased demand for various industrial materials, potentially including carbon black. The UAE has a significant presence in the energy sector, particularly in oil and gas. Carbon black is a byproduct of certain hydrocarbon processes, and its production may be associated with the oil and gas industry in the region.
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Companies Mentioned
- Saudi Basic Industries Corporation
- Cabot Corporation
- The Dow Chemical Company
- Mitsubishi Chemical Group Corporation
- Asahi Kasei Corporation
- kronos worldwide inc
- Orion SA
- Imerys S.A.
Table of Contents
- Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Carbon Black Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Type
- 5.4. Market Size and Forecast, By Grade
- 5.5. Market Size and Forecast, By Application
- 6. Middle East & Africa Carbon Black Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Type
- 6.4. Market Size and Forecast, By Grade
- 6.5. Market Size and Forecast, By Application
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. UAE Carbon Black Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Type
- 7.8.3. Market Size and Forecast By Grade
- 7.8.4. Market Size and Forecast By Application
- 7.9. Saudi Arabia Carbon Black Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Type
- 7.9.3. Market Size and Forecast By Grade
- 7.9.4. Market Size and Forecast By Application
- 7.10. South Africa Carbon Black Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Type
- 7.10.3. Market Size and Forecast By Grade
- 7.10.4. Market Size and Forecast By Application
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. Cabot Corporation
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. Mitsubishi Chemical Corporation
- 8.5.3. Orion SA
- 8.5.4. Imerys S.A.
- 8.5.5. Saudi Basic Industries Corporation
- 8.5.6. Lanxess AG
- 8.5.7. OCI Company Ltd
- 8.5.8. The Dow Chemical Company
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 1: Global Carbon Black Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Carbon Black Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 6: Global Carbon Black Market Size and Forecast, By Grade (2018 to 2029F) (In USD Billion)
Table 7: Global Carbon Black Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 8: Middle East & Africa Carbon Black Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 9: Middle East & Africa Carbon Black Market Size and Forecast, By Grade (2018 to 2029F) (In USD Billion)
Table 10: Middle East & Africa Carbon Black Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 11: Influencing Factors for Carbon Black Market, 2023
Table 12: United Arab Emirates Carbon Black Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 13: United Arab Emirates Carbon Black Market Size and Forecast By Grade (2018 to 2029F) (In USD Billion)
Table 14: United Arab Emirates Carbon Black Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 15: Saudi Arabia Carbon Black Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 16: Saudi Arabia Carbon Black Market Size and Forecast By Grade (2018 to 2029F) (In USD Billion)
Table 17: Saudi Arabia Carbon Black Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 18: South Africa Carbon Black Market Size and Forecast By Type (2018 to 2029F) (In USD Billion)
Table 19: South Africa Carbon Black Market Size and Forecast By Grade (2018 to 2029F) (In USD Billion)
Table 20: South Africa Carbon Black Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Figure 1: Global Carbon Black Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Carbon Black Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Carbon Black Market Share By Region (2023)
Figure 6: Middle East & Africa Carbon Black Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Middle East & Africa Carbon Black Market Share By Country (2023)
Figure 8: UAE Carbon Black Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Saudi Arabia Carbon Black Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: South Africa Carbon Black Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Porter's Five Forces of Global Carbon Black Market
Carbon Black Market Market Research FAQs
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