Global Carbon Black Market Overview, 2024-29

The Global 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)).

The Global Carbon Black market is anticipated to cross USD 28 Billion by 2029 owing to growing demand from tire manufacturing

Carbon Black Market Market Analysis

The thermal degradation of heavy petroleum raw materials such as ethylene cracking tar, coal tar, or FCC tar yields carbon black. It is widely used due to its advantageous properties such as UV light absorption and conversion to heat, better thermal conductivity, and increased tire tread wear and rolling resistance. Oil furnaces and heat processes are commonly employed in product manufacture. The expanding use of the product in tire manufacturing, as well as rising plastic demand in the consumer goods, electronics, and automotive industries, will drive market expansion. Carbon black is used in a variety of end-use industries, including consumer items, autos, appliances, electronics, and others. Because carbon black is a petroleum-derived product, businesses rely on obtaining critical raw materials at reasonable prices with no supply constraints. Manufacturers carefully select raw materials based on product quality, providing price, product portfolio holding, and market accessibility. Growing automobile sales, together with the deployment of cutting-edge technology in tire manufacturing, are expected to boost market growth in the region. Rising demand for high-performance coatings in the aerospace and military industries is expected to be a key growth driver. Carbon blacks are carefully designed to change the electrical properties of goods such as safety applications, electronic packaging, and automobile parts from insulating to conducting. Carbon black is used as a coloring agent to produce synthetic textiles. For instance, since these materials need robust color performance, carbon black is used to color clothing and fabrics made from denier polyester and nylon fibers. Manufacturing of athletic and military apparel makes extensive use of carbon black. Additionally, carbon black is employed in producing coarse staple fibers, mainly used to make woven blankets, floor coverings, and other textiles. The expanding applications in the fiber and textile sectors and the growing market penetration of specialty black are the main drivers of the market's growth. According to the research report, “Global Carbon Black Market Overview, 2023-28” published by Bonafide Research, the market is anticipated to cross USD 28 Billion by 2029, increasing from USD 19.93 Billion in 2023. The market is expected to grow with 5.99% CAGR by 2024-29. The rise in demand for carbon black in various applications such as rubber reinforcement, paints & coatings, plastics, battery electrodes, and inks & toners is driving the carbon black market. Increasing applications of carbon black in the tire industry is a major driver for the carbon black market. Carbon black is widely used as reinforcement filler in tire and non-tire rubber formulations. Growing sales and production of vehicles across the globe is contributing to market growth. Carbon black can be popularly used in reinforcing rubber in tires. It can make up about 30% of the weight of a tire. Carbon black is an important component of automotive rubber parts in vehicles such as sealing systems, hoses, anti-vibration parts, and engine mounts. Urbanization, industrial growth, and increase in the number of construction & manufacturing industries across the globe are driving the carbon black market. Carbon black is also used as a performance enhancer in various end-use industries such as paints & coatings, and inks & pigments, and plastic industry. There is a surging demand for carbon black in the rubber industry as it makes rubber stronger and resistant to wear and tear. Carbon black used in rubber also prevents rubber tires against UV light and oxidation. Hence, applications of carbon black as filler in rubber compounds are increasing. It offers strength to rubber, increase its volume, and improve physical properties. Carbon black is specifically used in mechanical rubber goods such as industrial rubber goods, membrane roofing, and automotive rubber parts such as sealing systems, hoses and anti-vibration parts, etc.

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Market Dynamic

Market DriversExpansion of Renewable Energy Sector:The increasing focus on renewable energy sources, such as wind and solar power, contributes to the demand for carbon black in the production of high-performance materials for renewable energy applications. Carbon black is utilized in the manufacturing of components for wind turbine blades, solar panel encapsulation, and energy storage systems. As the renewable energy sector continues to grow, so does the demand for carbon black. • Growth in Construction and Infrastructure Development: The construction industry, particularly in developing economies, is a significant driver for the carbon black market. Carbon black is used in construction materials such as concrete, enhancing durability and providing UV resistance. Increasing urbanization and infrastructure development projects worldwide contribute to the demand for construction materials incorporating carbon black. This trend is expected to persist with ongoing global urban expansion. Market ChallengesIntense Market Competition: The carbon black industry faces intense competition globally, leading to pricing pressures and the need for continuous innovation to stay competitive. Companies must invest in research and development to differentiate their products, improve manufacturing efficiency, and maintain a competitive edge in the market. • Supply Chain Disruptions: Global events, such as natural disasters, geopolitical tensions, or pandemics, can disrupt the carbon black supply chain, affecting the availability of raw materials and transportation logistics. Supply chain disruptions can lead to production delays, increased costs, and challenges in meeting customer demand. Developing resilient supply chain strategies becomes crucial for industry players. Market TrendsDigitalization and Industry 4.0 Integration: The carbon black industry is witnessing the adoption of digital technologies and Industry 4.0 practices to optimize production processes, enhance efficiency, and improve overall operational performance. Automation, data analytics, and real-time monitoring contribute to better decision-making, reduced energy consumption, and improved resource utilization in carbon black manufacturing. • Focus on Recycled Carbon Black (rCB): There is a growing emphasis on sustainable practices through the use of recycled carbon black derived from end-of-life tires and other sources. Companies adopting recycled carbon black contribute to the circular economy, reduce waste, and address environmental concerns. This trend aligns with the broader sustainability goals of the industry. Covid-19 Impacts The carbon black industry relies on a complex global supply chain for raw materials, especially feedstocks like crude oil. The pandemic led to disruptions in the availability and transportation of these materials, affecting production capacities. With lockdowns, travel restrictions, and economic uncertainties, the automotive industry experienced a slowdown. As a major consumer of carbon black, particularly in tire manufacturing, reduced vehicle production and lower demand for replacement tires directly impacted the carbon black market. The construction and manufacturing sectors, which also contribute significantly to carbon black demand, were affected by pandemic-related restrictions. Reduced construction activities and disruptions in manufacturing processes led to a decline in the need for carbon black in various applications. The pandemic-induced disruptions in transportation and logistics resulted in delays in the delivery of raw materials and finished products. This, coupled with uncertainty in the market, led to price volatility and challenges in cost management for carbon black manufacturers. Many carbon black manufacturing facilities faced operational challenges due to workforce shortages, lockdown measures, and health and safety protocols. Some plants experienced temporary shutdowns, impacting production capacities. Furthermore, the pandemic underscored the importance of sustainability, leading to increased interest in eco-friendly practices. Some companies in the carbon black industry intensified efforts to adopt sustainable production methods, recycling initiatives, and circular economy practices.

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Manmayi Raval

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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)
GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Russia
Asia-PacificChina
Japan
India
Australia
Korea South
South AmericaBrazil
Argentina
Colombia
MEAUnited Arab Emirates
Saudi Arabia
South Africa

Lamp black is experiencing growth in the activated carbon market due to an increasing demand for sustainable and renewable alternatives to traditional carbon black. Industries are seeking eco-friendly solutions, and lamp black, derived from natural combustion processes, aligns with the growing emphasis on environmental sustainability. The upsurge in the prominence of lamp black in the activated carbon market is intricately linked to a broader shift toward sustainability in various industries. With a heightened awareness of environmental issues and a commitment to reducing the carbon footprint, there is a growing demand for sustainable alternatives to conventional carbon black. Lamp black, produced through the incomplete combustion of natural materials such as oils, resins, or fats, stands out as a renewable and eco-friendly option. Unlike some other forms of carbon black derived from fossil fuels, lamp black offers a more sustainable choice, and its production is often associated with lower environmental impact. Industries seeking to align with green initiatives and reduce their reliance on non-renewable resources are increasingly incorporating lamp black into various applications. Its compatibility with different materials and ability to provide coloration, UV stabilization, and conductivity make lamp black a versatile and sustainable option in the evolving landscape of the activated carbon market. As the demand for environmentally conscious alternatives continues to rise, lamp black is poised to play a significant role in meeting these sustainability objectives across diverse industries. Specialty carbon black is experiencing growth in the activated carbon market due to a rising demand for high-performance and tailor-made carbon black solutions that cater to specific and advanced applications across industries, including electronics, coatings, and energy storage. The surge in the growth of specialty carbon black within the activated carbon market can be attributed to an escalating demand for customized and high-performance solutions that address the evolving needs of diverse industries. Unlike standard carbon blacks, specialty carbon blacks are engineered to possess unique properties, making them particularly suitable for advanced applications. Industries such as electronics, coatings, and energy storage require carbon black formulations with specific characteristics, including controlled particle size, surface area, and conductivity. Specialty carbon blacks offer a level of precision and customization that meets these requirements, enabling manufacturers to enhance the performance and functionality of their end products. The electronics sector, in particular, benefits from specialty carbon blacks in the development of conductive polymers and materials for electronic devices. Additionally, the coatings industry utilizes specialty carbon blacks to achieve desired coloration, UV resistance, and conductivity. As industries continue to advance technologically, the demand for specialty carbon blacks is expected to grow, propelling their significance in the broader landscape of the activated carbon market. The ability of specialty carbon blacks to provide tailored solutions for specific applications positions them as key contributors to innovation and performance enhancement across various sectors. The plastic application of carbon black is growing in the activated carbon market due to the increasing global demand for plastics in various industries, coupled with the essential roles that carbon black plays in enhancing UV stability, coloration, and conductivity in plastic products. The burgeoning growth of carbon black applications in the plastic industry within the activated carbon market is closely tied to the escalating global demand for plastics across multiple sectors. Carbon black serves as a crucial additive in the plastic industry, contributing to the enhancement of various properties vital for end-product performance. One of the primary reasons for the growing prominence of carbon black in plastics is its ability to provide UV stability. Plastics are susceptible to degradation when exposed to ultraviolet (UV) radiation from sunlight. Carbon black acts as a UV stabilizer, absorbing and dissipating UV rays, thus preventing the degradation of plastic materials. This UV-resistant quality is particularly critical in applications such as outdoor construction, automotive components, and packaging. Additionally, carbon black imparts coloration to plastics, allowing manufacturers to achieve desired shades and appearances in their products. Another significant factor driving the plastic application of carbon black is its role in enhancing the conductivity of polymers. This is particularly relevant in the production of conductive plastics used in various electronic devices, automotive components, and industrial applications. As the demand for plastics continues to rise globally, fueled by population growth, urbanization, and advancements in manufacturing, carbon black's contribution to enhancing UV stability, coloration, and conductivity positions it as an integral component in meeting the evolving needs of the plastic industry. The synergy between carbon black and plastics exemplifies a key growth area in the activated carbon market, as industries seek to optimize the performance, durability, and aesthetics of plastic-based products.

Carbon Black Market Market Regional Insights

The robust growth of the activated carbon market in Europe is primarily driven by stringent environmental regulations and a strong emphasis on sustainability, compelling industries to adopt advanced purification technologies to meet compliance standards and address environmental concerns. The activated carbon market in Europe is experiencing significant growth due to the region's commitment to environmental sustainability and the implementation of strict regulations governing air and water quality. European countries have been at the forefront of adopting comprehensive environmental policies, aiming to reduce emissions, minimize pollution, and enhance overall environmental quality. In response to these regulations, industries across Europe are increasingly turning to activated carbon solutions for air and water purification. Activated carbon's exceptional adsorption capabilities make it a preferred choice for removing pollutants, organic contaminants, and hazardous substances from industrial processes and effluents. Moreover, the emphasis on sustainability aligns with the use of activated carbon, which can be derived from renewable sources and is often a recyclable and regenerable material. As European industries continue to prioritize eco-friendly practices and comply with stringent environmental standards, the demand for activated carbon is expected to further escalate, driving the market's growth in the region.

Key Development

• In June 2023, Bridgestone Corporation announced the commencement of the development of tire-derived oil and recovered carbon black via pyrolysis of worn tires with the help of test units established at the Bridgestone Innovation Park in Tokyo. This is aimed at encouraging the social deployment of chemical recycling technologies that allow the efficient pyrolysis of worn tires. • In April 2023, Orion Engineered Carbons announced the implementation of its new cogeneration technology producing renewable energy in its Ivanhoe plant (Louisiana, U.S.). The system comprises a steam turbine generator, which ingests the waste steam from the production process of the carbon black plant and alters it to electricity. • In April 2023, Tokai Carbon Co., Ltd. entered into a strategic partnership with Sekisui Chemical Co., Ltd., for the real-world application of the Carbon Capture and Utilization (CCU) technology. This deal was aimed at manufacturing varied carbon products and materials for the capture and storage of carbon dioxide (CO2) as solid carbon. • In March 2023, Cabot Corporation announced the launch of EVOLVE SUSTAINABLE SOLUTIONS, an innovative platform for boosting the deployment of sustainable reinforcing carbons. Under this initiative, the company unveiled two new products– STERLING SO-RC110 circular reinforcing carbon and VULCAN 7H-C circular reinforcing carbon aligned with the mass balance approach of ISCC PLUS certification.

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Companies Mentioned

  • Saudi Basic Industries Corporation
  • Cabot Corporation
  • Mitsubishi Chemical Group Corporation
  • Powell Industries
  • Orion SA
  • Imerys S.A.
  • Tokai Carbon Co., Ltd.
  • Phillips Carbon Black Limited
  • Himadri Speciality Chemical Limited
  • The Aditya Birla Group
Company mentioned

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers & Opportunities
  • 2.2. Market Restraints & Challenges
  • 2.3. Market Trends
  • 2.4. Covid-19 Effect
  • 2.5. Supply chain Analysis
  • 2.6. Policy & Regulatory Framework
  • 2.7. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Global Carbon Black Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Region
  • 6.3. Market Size and Forecast, By Geography
  • 6.4. Market Size and Forecast, By Type
  • 6.5. Market Size and Forecast, By Grade
  • 6.6. Market Size and Forecast, By Application
  • 7. North America Carbon Black Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share By Country
  • 7.3. Market Size and Forecast, By Type
  • 7.4. Market Size and Forecast, By Grade
  • 7.5. Market Size and Forecast, By Application
  • 8. Europe Carbon Black Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast, By Type
  • 8.4. Market Size and Forecast, By Grade
  • 8.5. Market Size and Forecast, By Application
  • 9. Asia-Pacific Carbon Black Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast, By Type
  • 9.4. Market Size and Forecast, By Grade
  • 9.5. Market Size and Forecast, By Application
  • 10. South America Carbon Black Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Country
  • 10.3. Market Size and Forecast, By Type
  • 10.4. Market Size and Forecast, By Grade
  • 10.5. Market Size and Forecast, By Application
  • 11. Middle East & Africa Carbon Black Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market Share By Country
  • 11.3. Market Size and Forecast, By Type
  • 11.4. Market Size and Forecast, By Grade
  • 11.5. Market Size and Forecast, By Application
  • 12. Competitive Landscape
  • 12.1. Competitive Dashboard
  • 12.2. Business Strategies Adopted by Key Players
  • 12.3. Key Players Market Share Insights and Analysis, 2022
  • 12.4. Key Players Market Positioning Matrix
  • 12.5. Porter's Five Forces
  • 12.6. Company Profile
  • 12.6.1. Cabot Corporation
  • 12.6.1.1. Company Snapshot
  • 12.6.1.2. Company Overview
  • 12.6.1.3. Financial Highlights
  • 12.6.1.4. Geographic Insights
  • 12.6.1.5. Business Segment & Performance
  • 12.6.1.6. Product Portfolio
  • 12.6.1.7. Key Executives
  • 12.6.1.8. Strategic Moves & Developments
  • 12.6.2. Mitsubishi Chemical Corporation
  • 12.6.3. Orion SA
  • 12.6.4. Imerys S.A.
  • 12.6.5. Tokai Carbon Co., Ltd.
  • 12.6.6. Denka Company Limited
  • 12.6.7. Phillips Carbon Black Limited
  • 12.6.8. Saudi Basic Industries Corporation
  • 12.6.9. Himadri Speciality Chemical Limited
  • 12.6.10. The Aditya Birla Group
  • 13. Strategic Recommendations
  • 14. Annexure
  • 14.1. FAQ`s
  • 14.2. Notes
  • 14.3. Related Reports
  • 15. Disclaimer

List of Table
Table 1: Global Carbon Black Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Influencing Factors for Carbon Black Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Carbon Black Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Carbon Black Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 8: Global Carbon Black Market Size and Forecast, By Grade (2018 to 2029F) (In USD Billion)
Table 9: Global Carbon Black Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 10: North America Carbon Black Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 11: North America Carbon Black Market Size and Forecast, By Grade (2018 to 2029F) (In USD Billion)
Table 12: North America Carbon Black Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 13: Europe Carbon Black Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 14: Europe Carbon Black Market Size and Forecast, By Grade (2018 to 2029F) (In USD Billion)
Table 15: Europe Carbon Black Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 16: Asia-Pacific Carbon Black Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 17: Asia-Pacific Carbon Black Market Size and Forecast, By Grade (2018 to 2029F) (In USD Billion)
Table 18: Asia-Pacific Carbon Black Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 19: South America Carbon Black Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 20: South America Carbon Black Market Size and Forecast, By Grade (2018 to 2029F) (In USD Billion)
Table 21: South America Carbon Black Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 22: Middle East & Africa Carbon Black Market Size and Forecast, By Type (2018 to 2029F) (In USD Billion)
Table 23: Middle East & Africa Carbon Black Market Size and Forecast, By Grade (2018 to 2029F) (In USD Billion)
Table 24: Middle East & Africa Carbon Black Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)

List of Figures
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: North America Carbon Black Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Carbon Black Market Share By Country (2023)
Figure 8: Europe Carbon Black Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Europe Carbon Black Market Share By Country (2023)
Figure 10: Asia-Pacific Carbon Black Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Asia-Pacific Carbon Black Market Share By Country (2023)
Figure 12: South America Carbon Black Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: South America Carbon Black Market Share By Country (2023)
Figure 14: Middle East & Africa Carbon Black Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 15: Middle East & Africa Carbon Black Market Share By Country (2023)
Figure 16: Competitive Dashboard of top 5 players, 2023
Figure 17: Market Share insights of key players, 2023
Figure 18: Porter's Five Forces of Global Carbon Black Market

Feed Phosphate Market Research FAQs

Activated carbon, also known as activated charcoal, is a form of carbon processed to have small, low-volume pores that increase the surface area available for adsorption or chemical reactions. It is widely used for its ability to capture and remove impurities, contaminants, and pollutants from air and water.

Activated carbon is typically produced from carbon-rich materials like coconut shells, wood, peat, lignite, or coal. The activation process involves exposing these materials to high temperatures and activating agents (usually steam or carbon dioxide) to create a porous structure. This increases the material's adsorption capacity.

Activated carbon is used in various applications, including water treatment for the removal of organic contaminants, chemicals, and odors. It is also employed in air purification, gas masks, medical treatments, and industrial processes for the removal of impurities and pollutants.

Activated carbon works through a process called adsorption, where impurities adhere to the surface of the carbon. The porous structure of activated carbon provides a large surface area, allowing it to attract and capture a wide range of molecules and particles.

Activated carbon can be regenerated and reused through a process called thermal reactivation. During this process, the spent activated carbon is subjected to high temperatures in the presence of steam, which removes the adsorbed contaminants and restores its adsorption capacity.

There are various types of activated carbon, including granular activated carbon (GAC), powdered activated carbon (PAC), and activated carbon fibers. The choice of type depends on the specific application and the characteristics of the contaminants to be removed.

In air purification, activated carbon is often incorporated into air filters or air purifiers. It adsorbs volatile organic compounds (VOCs), odors, and other airborne contaminants, providing improved indoor air quality.

Activated carbon is utilized in the pharmaceutical industry for the purification of drugs and the removal of impurities. It is also employed in various medical applications, including the treatment of poisoning through oral ingestion.
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Global Carbon Black Market Overview, 2024-29

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