Carbon Black Market by Application (Tires, High-Performance Coatings, Plastics, and Others) and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032

Carbon Black Overview

The carbon black market includes the production, distribution, and exchange of carbon black. Carbon black, a fine powder primarily made up of carbon particles, is often created when fossil fuels like coal or oil are burned insufficiently. It is frequently used as a pigment in inks, coatings, and plastics as well as a reinforcing ingredient in rubber products like tires. An international network of carbon black manufacturers, suppliers, distributors, and end users defines the market. Major firms in the sector make R&D investments to optimize production procedures, raise product quality, and investigate novel uses. Since the manufacture of carbon black is linked to reduced environmental effects, they also emphasize sustainability initiatives.

The availability of raw materials, energy costs, governmental restrictions, and monetary conditions all have an impact on the market for carbon black. Variations in these factors may affect the dynamics of supply and demand, resulting in market price volatility. The market also has to contend with issues including the emergence of substitute materials and the requirement to resolve environmental issues related to the manufacture of carbon black. Overall, the carbon black market is significant to many businesses since it provides raw materials for the manufacture of a wide variety of goods. The sector is anticipated to adapt and evolve to satisfy shifting consumer needs and environmental standards as the world continues to look for sustainable and innovative solutions.

Global Carbon Black Market Analysis

The global carbon black market size was $21.8 billion in 2022 and is predicted to grow at a CAGR of 4.9%, by generating a revenue of $34.3 billion by 2032.

COVID-19 Impact on the Global Carbon Black Market

The carbon black market has been significantly impacted by the COVID-19 pandemic, like many other industries around the globe. An essential component in the production of plastics, rubber goods, tires, and a variety of other products is carbon black. But the pandemic's effects on global supply networks, lockdown measures, and decreased economic activity have had a variety of effects on the carbon black market. First off, during the pandemic, the automotive sector, a significant consumer of carbon black, saw a sharp decline. Lockdowns and travel restrictions reduced car production and sales, which in turn affected consumer demand for tires and other rubber goods. As a result, there was a sharp decline in demand for carbon black, a crucial ingredient in tire production.

Secondly, the worldwide supply chain for carbon black was disrupted by the limitations on manufacturing and shipping. To obtain raw materials and deliver finished goods to clients, several carbon black manufacturers encountered difficulties. There were shortages of supplies and higher costs in some areas as a result of reduced production capacities and logistical difficulties. The COVID-19 pandemic had a large effect on the market for carbon black. Manufacturing limitations, disruptions in the supply chain, and decreased demand from the construction and automobile industries all contributed to the difficulties faced by carbon black manufacturers. The carbon black market is anticipated to gradually rebound as the world economy strengthens and sectors gain impetus, although it is yet unclear how the pandemic will affect this sector in the long run.

Increasing Demand for Remote Collaboration to Fuel Growth of Carbon Black Market

The rising need for remote cooperation is predicted to significantly increase the carbon black market over the next few years. In many businesses, remote collaboration is becoming increasingly important, especially in the wake of the COVID-19 epidemic. The demand for efficient communication and collaboration technologies has increased tremendously as organizations adopt remote work models and global supply chains grow more integrated. A flexible and often used substance like carbon black is essential for facilitating remote collaboration across industries. It is widely used to make conductive coatings, polymers, and inks, which are essential parts of electronic gadgets and communication networks. These programs make it easy for people and businesses around the world to collaborate, share data, and communicate remotely. The demand for electronic gadgets, including smartphones, tablets, laptops, and other internet-enabled devices, has increased as a result of the rise in remote collaboration. Because it improves the electrical conductivity and longevity of the devices, carbon black is a crucial component in their manufacture. Additionally, fiber optics and communication cables are made with carbon black, allowing for effective remote connectivity and high-speed data transmission. Carbon black is used in the formulation of concrete and asphalt in the construction sector, which primarily relies on remote collaboration for project management and design. It is possible to design high-quality infrastructure that can support distant collaboration technologies like virtual reality (VR) and building information modelling (BIM) since carbon black improves the mechanical qualities and endurance of these materials. The market expansion of carbon black is being driven by the rising need for remote cooperation across sectors. The demand for materials based on carbon black will endure as long as businesses continue to adopt remote work arrangements and improvements in communication technologies. Manufacturers of carbon black now have excellent chances to meet the growing demand and provide cutting-edge solutions that address the changing requirements of remote cooperation in the digital age.

Security Challenges to Restrain the Growth of the Carbon Black Market

Recent years have seen a major increase in the carbon black market, which has been fueled by rising demand from several different industries, including the rubber, plastics, and paints and coatings sectors. This growth trajectory is not without difficulties, though, since several security issues have come to light that may limit the market's development. The environmental effects of the manufacture and use of carbon black are one of the main issues. The incomplete combustion of fossil fuels, which releases greenhouse gases and other pollutants into the atmosphere, is the main source of carbon black production. There is increasing demand for companies to adopt more sustainable options as there is a growing awareness of climate change and the need to minimize carbon emissions. Stricter laws and practices could result from this environmental concern. The supply chain poses security vulnerabilities to the carbon black sector. Many nations are significantly dependent on imports to meet their carbon black needs, which leaves them open to disruptions in the global supply chain, trade disputes, and geopolitical unrest. Any political or economic unrest, such as trade taxes or limitations, might have a considerable effect on the cost and availability of carbon black, which would hinder market expansion. The rising prevalence of counterfeit carbon black items is another concern. Carbon black counterfeiting not only degrades its quality and performance but also puts users' safety in danger when using it in products like tires and industrial rubber goods. These fake products can damage the credibility and consumer confidence in reputable carbon black producers, creating market uncertainty and impeding overall growth. In conclusion, despite the carbon black market's impressive growth, several issues need to be resolved if it is to continue growing.

Advancements in Technology to Drive Excellent Opportunities

Due to technological improvements, the carbon black market is expected to expand significantly and present good opportunities. A finely divided type of carbon known as carbon black is frequently used as a reinforcing material in rubber goods, tires, and a variety of other uses. Since tires make up the largest market segment for this material, the automobile sector is closely related to the need for carbon black. Technology advancements have been extremely important in improving the characteristics and functionality of carbon black. Manufacturers continually spend money on R&D to create new and better production techniques. One such development is the emergence of cleaner, more effective manufacturing techniques that use less energy and emit fewer greenhouse gases. As environmental concerns increase, these sustainable production techniques are becoming more crucial. Technology improvement has resulted in the creation of specialized carbon black grades designed for certain uses. For instance, high-performance carbon black grades are being developed in response to the rising need for tires that are both fuel-efficient and have outstanding wet traction. These developments allow tire producers to provide cutting-edge, environmentally friendly products that satisfy both legal criteria and market preferences. The growth of electric vehicles (EVs) also offers a sizable possibility for the underground carbon market. To increase their range, EVs need special tires with reduced rolling resistance. Such tires' formulation includes carbon black, which boosts their overall performance and energy economy. The carbon black market is anticipated to experience significant growth as electric vehicle demand continues to soar. Excellent prospects are being created in the carbon black market through technological improvements. The market is expanding as a result of the development of the EV industry, specialized carbon black grades, sustainable production techniques, and an expanding role in nanotechnology. Carbon black is positioned to play a significant part in satisfying these demands as companies strive for improved performance, efficiency, and environmental sustainability, making it an appealing industry for investment and growth.

Global Carbon Black Market Share, by Application, 2022

The tires sub-segment accounted for the highest market share in 2022. The tires segment is essential to the carbon black industry. The fine powder known as carbon black, which is produced when hydrocarbons are burned partially, is frequently used as a filler for reinforcement in tires. Its main purpose is to increase the tire's performance and its mechanical attributes. Carbon black is added to tire manufacturing mixture to improve tire rubber compositions' tensile strength, durability, and wear resistance. Tyres' tensile strength and abrasion resistance are improved by the addition of carbon black, enabling them to handle challenging road conditions. Additionally, it enhances tire traction, handling, and fuel efficiency, making tires safer and more cost-effective for drivers. The tire industry makes up a sizeable share of the overall demand on the carbon black market. The expansion of the tire market is anticipated to spur additional developments and advances in carbon black manufacture and use as the automobile industry develops.

Global Carbon Black Market Share, by Region, 2022

The Asia-Pacific carbon black market generated the highest revenue in 2022. With its rapid growth and considerable contribution to the global carbon black industry, the Asia-Pacific region plays a critical role in the carbon black market. The Asia-Pacific area has a significant presence in the carbon black market due to several variables. Due to the quick industrialization and urbanization of these economies, carbon black is now much more in demand as a critical component in production. The Asia-Pacific area benefits from the availability of an abundance of raw materials, especially in nations like China and India, which have sizable coal deposits. Fossil fuels like coal and oil can be partially burned to make carbon black, therefore the availability of these resources in the area guarantees a consistent flow of raw materials for making carbon black. Due to its rapid economic development, expanding industries, ample supply of raw materials, and favorable government regulations, the Asia-Pacific area occupies a key place in the global carbon black market. The Asia-Pacific carbon black market is anticipated to continue growing in the upcoming years due to the region's continuous emphasis on sustainable development and rising demand for high-quality goods.

Competitive Scenario in the Global Carbon Black Market

Investment and agreement are common strategies followed by major market players. ADNOC Distribution and ADNOC entered a new carbon black supply agreement in June 2022, allowing ADNOC Distribution to explore the carbon black market. Cabot Corporation purchased Tokai Carbon Group in March 2022 to purchase its Tianjin, China, carbon black manufacturing facility. With a 25-kiloton capacity for specialty and technical rubber carbon black, primarily for the European market, Orion Engineered Carbons established a new production line in Italy for carbon black manufacturing in February 2022.

Some of the leading carbon black market players are Orion Engineered Carbons Holdings GmbH, OMSK Carbon Group, Sid Richardson Carbon & Energy Co., Tokai Carbon Co. Ltd., Asahi Carbon Co. Ltd., Ralson Goodluck Carbon, Atlas Organic Pvt. Ltd., Continental Carbon Co., OCI Company Ltd., and Birla Carbon.  

Chapter 1 INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

Chapter 2 EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top Investment Pockets
2.1.2.Market Player Positioning, 2018

2.2.CXO perspective

Chapter 3 MARKET OVERVIEW

3.1.Market Definition and Scope
3.2.Parent/Peer Market Overview
3.3.Key Forces Shaping The Global Carbon Black Market

3.3.1.Bargaining power of suppliers
3.3.2.Threat of new entrants
3.3.3.Threat of substitutes
3.3.4.Intensity of rivalry
3.3.5.Bargaining power of buyers

3.4.Pricing Analysis

3.4.1.Pricing Analysis of The Global Carbon Black Market, By Region, 2018 to 2026
3.4.2.Pricing Analysis of The Global Carbon Black Market, By Application, 2018 to 2026
3.4.3.Pricing Analysis of The Global Carbon Black Market, By Grade, 2018 to 2026

3.5.Value Chain Analysis
3.6.Impact of Government Regulations on The Global Carbon Black Market
3.7.Patent Analysis
3.8.Market Dynamics

3.8.1.Drivers
3.8.2.Restraints
3.8.3.Opportunities

Chapter 4 THE GLOBAL CARBON BLACK MARKET, BY APPLICATION

4.1.Overview
4.2.Plastics

4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market volume and forecast, by region
4.2.4.Market analysis by country

4.3.High-performance Coatings 

4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market volume and forecast, by region
4.3.4.Market analysis by country

4.4.Tires

4.4.1.Key market trends, growth factors and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market volume and forecast, by region
4.4.4.Market analysis by country

4.5.Others

4.5.1.Key market trends, growth factors and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market volume and forecast, by region
4.5.4.Market analysis by country

Chapter 5 THE GLOBAL CARBON BLACK MARKET, BY GRADE

5.1.Overview
5.2.Reuse Speciality Grade

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market volume and forecast, by region
5.2.4.Market analysis by country

5.3.Semi-reinforced Grade 

5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market volume and forecast, by region
5.3.4.Market analysis by country

5.4.Reinforced Grade 

5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market volume and forecast, by region
5.4.4.Market analysis by country

Chapter 6 THE GLOBAL CARBON BLACK MARKET, BY REGION

6.1.Overview
6.2.North America

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by application
6.2.3.Market size and forecast, by grade
6.2.4.Market analysis by country

6.2.4.1.U.S.

6.2.4.1.1.Market size and forecast, by application
6.2.4.1.2.Market size and forecast, by grade

6.2.4.2.Canada

6.2.4.2.1.Market size and forecast, by application
6.2.4.2.2.Market size and forecast, by grade

6.2.4.3.Mexico

6.2.4.3.1.Market size and forecast, by application
6.2.4.3.2.Market size and forecast, by grade

6.3.Europe

6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by application
6.3.3.Market size and forecast, by grade
6.3.4.Market analysis by country

6.3.4.1.UK

6.3.4.1.1.Market size and forecast, by application
6.3.4.1.2.Market size and forecast, by grade

6.3.4.2.Germany

6.3.4.2.1.Market size and forecast, by application
6.3.4.2.2.Market size and forecast, by grade

6.3.4.3.France

6.3.4.3.1.Market size and forecast, by application
6.3.4.3.2.Market size and forecast, by grade

6.3.4.4.Spain

6.3.4.4.1.Market size and forecast, by application
6.3.4.4.2.Market size and forecast, by grade

6.3.4.5.Italy

6.3.4.5.1.Market size and forecast, by application
6.3.4.5.2.Market size and forecast, by grade

6.3.4.6.Rest of Europe

6.3.4.6.1.Market size and forecast, by application
6.3.4.6.2.Market size and forecast, by grade

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors and opportunities
6.4.2.Market size and forecast, by application
6.4.3.Market size and forecast, by grade
6.4.4.Market analysis by country

6.4.4.1.China

6.4.4.1.1.Market size and forecast, by application
6.4.4.1.2.Market size and forecast, by grade

6.4.4.2.Japan

6.4.4.2.1.Market size and forecast, by application
6.4.4.2.2.Market size and forecast, by grade

6.4.4.3.India

6.4.4.3.1.Market size and forecast, by application
6.4.4.3.2.Market size and forecast, by grade

6.4.4.4.Australia

6.4.4.4.1.Market size and forecast, by application
6.4.4.4.2.Market size and forecast, by grade

6.4.4.5.South Korea

6.4.4.5.1.Market size and forecast, by application
6.4.4.5.2.Market size and forecast, by grade

6.4.4.6.Rest of Asia-Pacific

6.4.4.6.1.Market size and forecast, by application
6.4.4.6.2.Market size and forecast, by grade

6.5.LAMEA

6.5.1.Key market trends, growth factors and opportunities
6.5.2.Market size and forecast, by application
6.5.3.Market size and forecast, by grade
6.5.4.Market analysis by country

6.5.4.1.BRAZIL

6.5.4.1.1.Market size and forecast, by application
6.5.4.1.2.Market size and forecast, by grade

6.5.4.2.Saudi Arabia

6.5.4.2.1.Market size and forecast, by application
6.5.4.2.2.Market size and forecast, by grade

6.5.4.3.South Africa

6.5.4.3.1.Market size and forecast, by application
6.5.4.3.2.Market size and forecast, by grade

6.5.4.4.Rest of LAMEA

6.5.4.4.1.Market size and forecast, by application
6.5.4.4.2.Market size and forecast, by grade

Chapter 7 COMPETITIVE LANDSCAPE

7.1.COMPETITIVE DASHBOARD
7.2.MARKET SHARE ANALYSIS OF KEY PLAYERS, 2018 (%)
7.3.PRODUCT MAPPING OF KEY PLAYER
7.4.TOP WINNING STRATEGIES, 2015 - 2018

7.4.1.Top winning strategies, by year
7.4.2.Top winning strategies, by development
7.4.3.Top winning strategies, by company

Chapter 8 COMPANY PROFILES

8.1.Mitsubishi Motors

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Key Executives
8.1.4.Operating Business Segments & Product Portfolio
8.1.5.R&D Expenditure
8.1.6.Business Performance
8.1.7.Key Strategic Moves and Developments

8.2.Phillips Carbon Black 

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Key Executives
8.2.4.Operating Business Segments & Product Portfolio
8.2.5.R&D Expenditure
8.2.6.Business Performance
8.2.7.Key Strategic Moves and Developments

8.3.Nippon

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Key Executives
8.3.4.Operating Business Segments & Product Portfolio
8.3.5.R&D Expenditure
8.3.6.Business Performance
8.3.7.Key Strategic Moves and Developments

8.4.Jiangxi Black Cat Carbon Black Co. Ltd. 

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Key Executives
8.4.4.Operating Business Segments & Product Portfolio
8.4.5.R&D Expenditure
8.4.6.Business Performance
8.4.7.Key Strategic Moves and Developments

8.5.Evonik Industries AG.

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Key Executives
8.5.4.Operating Business Segments & Product Portfolio
8.5.5.R&D Expenditure
8.5.6.Business Performance
8.5.7.Key Strategic Moves and Developments

Chapter 9 APPENDIX

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