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Pulished Date February, 2020
ID: 8069
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Carbon Black Market - By Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black And Others), Pigment Source (Ivory Black, Vine Black And Lamp Black), Application (Tires, Non-Tire Rubber, Inks & Coating, Plastic And Others), Grade (Standard Grade, Specialty Grade) & By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Investment & Forecast | 2020 - 2025

Pulished: February, 2020
ID: 8069
Pages: 175

Carbon Black Market Size, Trends & Growth (2020 - 2025)

The Carbon Black Market size was valued at around USD 12.06 billion at the end of 2020 and is estimated to grow at a CAGR of 4.63% to reach USD 15.12 billion by 2025.

Carbon black is a kind of paracrystalline carbon that has 95% of pure carbon and improves the physical and mechanical properties of the material that makes the end product more useful. Carbon black is a significant product and is employed in making tires, plastics, mechanical rubber goods, printing inks, and toners. It can absorb UV light and convert it into heat, therefore used in polymer businesses. It is also employed in insulating wires and cables. It finds application in a broad range of rubber products and pigments. It is a cost-effective rubber reinforcing agent used in tires.

Carbon black is pure elemental carbon that is like fine or aggregate particles which are made by incomplete combustion or decomposition of hydrocarbons in controlled temperature and pressure. It is usually made with the help of heavy aromatic oils as feedstock, and it is applied in different materials in order to enhance their performance based on physical, electric, and optical properties.

Market Growth Drivers

Escalating call for specialty-grade carbon black for employment as a pigment in coatings, plastics, and other businesses have augmented dominating carbon black makers to boost their production capacity for specialty–grade carbon black. Factors that drive the expansion of the global carbon black market are rise in the call for carbon black from tire and construction & manufacturing businesses, where it is employed to offer strength to industrial rubber compounds and other equipment. In addition to that, it has physical properties like color stability, solvent resistance, thermal stability, due to which it is broadly employed in paint and coating businesses. A significant driver in the carbon black market is the expansion in the automotive industry. 

The high development in chemical and automobile business and naturally available primary resources is actively driving the global carbon black market. The flourishing construction and manufacturing segments are also driving the market expansion. These segments highly use industrial rubber and other related equipment, in which carbon black forms a major part. Furthermore, in the paints and coatings business, it is employed in jet black paints which act as a protective coating to different products. Apart from this, as the mixture of carbon black and cement leads to an improved uniformity, surface hardness, tensile strength and compressive strength, there has been a rise in the demand for carbon black in the construction business.

Industry Restraints

Changes in prices of raw materials and dangerous gases emitted into the atmosphere throughout the making of carbon black are key restraining factors for the worldwide carbon black market. The external alteration of carbon black by other materials like precipitated silica or nano-silica is another restraint of the carbon black business.

Opportunities in the Carbon Black Market

The rise in the call for carbon black, owing to its UV protection and conductive properties in plastics is estimated to create the latest opportunities for the expansion of the market. 

Challenges in the Carbon Black Market

The market is challenged by changing rules leading to the replacement of carbon black with silica as a reinforcing agent in tire manufacturing. However, bolstering automotive aftermarket and construction segment in rising economies is posing as a significant opportunity for further expansion of the market. 

Recent Developments

  • Cabot China Limited, a wholly-owned subsidiary of Cabot Corporation (NYSE: CBT), agreed to buy Shenzhen Sanshun Nano New Materials Co., Ltd (SUSN), a dominating carbon nanotube (CNT) producer in China, for around $115 million in enterprise worth, which includes liabilities and contingent payments, company officials declared. 

  • Orion Engineered Carbons SASA (NYSE: OEC), a global supplier of specialty and high-performance Carbon Black, declared that their novel surface-modified Carbon Blacks for rubber applications would be presented at the 196th Technical Meeting of the Rubber Division of the American Chemical Society in Cleveland, Ohio on October 9, 2019. 

Carbon Black Market is segmented into the following categories as per the research report.

On the basis of Type, the market is separated into Acetylene, Furnace, Channel, Thermal and Others. Of the mentioned types the furnace carbon black segment is expected to grow with the largest CAGR among others in the forecast period. This is due to the fact that furnace black is the most widely used type of carbon black due to its ability to be mass-produced with different particle size and structure.

On the basis of Pigment Source, the market is separated into Ivory Black, Vine Black, and Lamp Black. Ivory black was prepared by charring bones or ivory. The vine and lamp black pigments are produced from charring of dried grape stems and soot of oil lamps respectively.

On the basis of Application, the market is separated into Tyres, Non-Tyre Rubber, Inks & Coatings, Plastic, and Others. The tires section of applications is responsible for the majority of the market income. The wide range of applications in the automobile industry is the reason for its leading growth rate in the aforementioned forecast period. Applications in the automobile industry include inner-liners, sidewalls, carcasses and threads among others.

On the basis of Grade, the market is separated into Standard Grade and Speciality Grade. Among the two types of grades the standard grade segment is to witness a fast growth as they are widely used in most applications, whereas specialty grade carbon black also has a growth rate close to that of standard grade.

Carbon Black Market – By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

On the basis of region, the Carbon Black Market is segregated into regions of North America, South America, Asia Pacific, the Middle East and Africa, and Europe. Asia Pacific had the largest global market share in the year 2020 and is expected to be the fastest-growing market in the forecast period, due to its high CAGR, increasing demand for growing industries and scope of future opportunities, mainly in developing countries like Japan, India, and China. The market value of Europe and North America is much lower than that of Asia Pacific.

Asia-Pacific dominates the business share in the global carbon black market and also has makers producing carbon black at the lowest cost. China is the biggest manufacturer and supplier of carbon black worldwide and customers more than one-third of the total global carbon black market volume. Competitive scenario regarding the pricing of carbon black is showcasing to lower the carbon black business by several companies in North America and Europe as countries in the Asia-Pacific region is producing carbon black at relatively lower prices. This has resulted in the migration of production facilities of producers to Asia-Pacific in order to remain competitive in the market by minimizing production expenses. The rising application of the material in several sectors of plastic that are molding, film, pipe, fiber, and cable is growing the global carbon black market size.

Major companies plying their trade in the Carbon Black Market include Phillips Carbon Black Limited (India), Black Bear Carbon BV (Netherlands), Longxing Chemical Group, Birla Carbon/Thai Carbon Black Public Company Limited (Thailand), Mitsubishi Chemical Corporation (Japan), Pyrolyx AG (Germany), Cabot Corporation (U.S.), Nippon Steel & Sumikin Chemical Co. Ltd. (Japan), OCI Company Ltd. (South Korea), Continental Carbon Company (US), Omsk Carbon Group (Russia), Shandong Huadong Rubber Materials Co., Ltd. (China), Orion Engineered Carbons SA (Luxembourg), Imerys Carbon & Graphite (Switzerland), Tokai Carbon Co., Ltd. (Japan), and Asahi Carbon Co. Ltd. (Japan) is the leading shareholders of the Global Carbon Black market. These companies are currently focused on expansion strategies to improve their market value and position.

1. Introduction                                                 

                1.1 Market Definition                                    

                1.2 Study Deliverables                                  

                1.3 Base Currency, Base Year and Forecast Periods    

                1.4 General Study Assumptions                                

2. Research Methodology                                                           

                2.1 Introduction                                              

                2.2 Research Phases                                      

                                2.2.1 Secondary Research                            

                                2.2.2 Primary Research                 

                                2.2.3 Econometric Modelling                     

                                2.2.4 Expert Validation                  

                2.3 Analysis Design                                         

                2.4 Study Timeline                                          

3. Overview                                                      

                3.1 Executive Summary                                

                3.2 Key Inferences                                         

                3.3 Epidemology                                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)   

                4.1 Market Drivers                                          

                4.2 Market Restraints                                    

                4.3 Key Challenges                                         

                4.4 Current Opportunities in the Market                               

5. Market Segmentation                                                              

                5.1 Type                                              

                                5.1.1 Introduction                           

                                5.1.2 Furnace Black                         

                                5.1.3 Channel Black                        

                                5.1.4 Thermal Black                        

                                5.1.5 Acetylene Black                    

                                5.1.6 Others                      

                                5.1.7 Y-o-Y Growth Analysis, By Type                      

                                5.1.8 Market Attractiveness Analysis, By Type                    

                                5.1.9 Market Share Analysis, By Type                      

                5.2 Pigment                                       

                                5.2.1 Introduction                           

                                5.2.2 Ivory Black                               

                                5.2.3 Vine black                               

                                5.2.4 Lamp Black                              

                                5.2.5 Y-o-Y Growth Analysis, By Pigment               

                                5.2.6 Market Attractiveness Analysis, By Pigment       

                                5.2.7 Market Share Analysis, By Pigment                               

                5.3 Application                                 

                                5.3.1 Introduction                           

                                5.3.2 Tyres                         

                                5.3.3 Non-Tyre Rubber                 

                                5.3.4 Inks & Coating                       

                                5.3.5 Plastic                       

                                5.3.6 Others                      

                                5.3.7 Y-o-Y Growth Analysis, By Application                         

                                5.3.8 Market Attractiveness Analysis, By Application       

                                5.3.9 Market Share Analysis, By Application                         

                5.4 Grade                                           

                                5.4.1 Introduction                           

                                5.4.2 Standard Grade                    

                                5.4.3 Specialty Grade                    

                                5.4.4 Y-o-Y Growth Analysis, By Grade                   

                                5.4.5 Market Attractiveness Analysis, By Grade                  

                                5.4.6 Market Share Analysis, By Grade                   

6. Geographical Analysis                                                              

                6.1 Introduction                                              

                                6.1.1 Regional Trends                    

                                6.1.2 Impact Analysis                     

                                6.1.3 Y-o-Y Growth Analysis                        

                                                6.1.3.1 By Geographical Area     

                                                6.1.3.2 By Type

                                                6.1.3.3 By Pigment         

                                                6.1.3.4 By Application    

                                                6.1.3.5 By Grade              

                                6.1.4  Market Attractiveness Analysis                     

                                                6.1.4.1 By Geographical Area     

                                                6.1.4.2 By Type

                                                6.1.4.3 By Pigment         

                                                6.1.4.4 By Application    

                                                6.1.4.5 By Grade              

                                6.1.5  Market Share Analysis                      

                                                6.1.5.1 By Geographical Area     

                                                6.1.5.2 By Type

                                                6.1.5.3 By Pigment         

                                                6.1.5.4 By Application    

                                                6.1.5.5 By Grade              

                6.2 North America                                          

                                6.1.1 Introduction                           

                                6.1.2 United States                         

                                6.1.3 Canada                     

                6.3 Europe                                         

                                6.2.1 Introduction                           

                                6.2.2 U.K                             

                                6.2.3 Spain                         

                                6.2.4 Germany                 

                                6.2.5 Italy                           

                                6.2.6 France                      

                6.4 Asia-Pacific                                 

                                6.3.1 Introduction                           

                                6.3.2 China                         

                                6.3.3 India                          

                                6.3.4 Japan                        

                                6.3.5 Australia                  

                                6.3.6 South Korea                           

                6.5 Latin America                                            

                                6.4.1 Introduction                           

                                6.4.2 Brazil                         

                                6.4.3 Argentina                

                                6.4.4 Mexico                     

                                6.4.5 Rest of Latin America                         

                6.6 Middle East & Africa                               

                                6.5.1 Introduction                           

                                6.5.2 Middle-East                            

                                6.5.3 Africa                        

7. Strategic Analysis                                                       

                7.1 PESTLE analysis                                         

                                7.1.1 Political                     

                                7.1.2 Economic                 

                                7.1.3 Social                         

                                7.1.4 Technological                         

                                7.1.5 Legal                          

                                7.1.6 Environmental                      

                7.2 Porter’s Five analysis                                              

                                7.2.1 Bargaining Power of Suppliers                        

                                7.2.2 Bargaining Power of Consumers                    

                                7.2.3 Threat of New Entrants                     

                                7.2.4 Threat of Substitute Products and Services               

                                7.2.5 Competitive Rivalry within the Industry                      

8. Market Leaders' Analysis                                                        

                8.1 Mitsubishi Chemical Corporation                                       

                                8.1.1 Overview                

                                8.1.2 Product Analysis                   

                                8.1.3 Financial analysis                  

                                8.1.4 Recent Developments                       

                                8.1.5 SWOT analysis                       

                                8.1.6 Analyst View                          

                8.2 Phillips Carbon Black Limited                                              

                8.3 Birla Carbon/Thai Carbon Black Public Company Limited        

                8.4 Cabot Corporation                                  

                8.5 OCI Company Ltd.                                    

                8.6  Omsk Carbon Group                                              

                8.7  Orion Engineered Carbons SA                                            

                8.8 Tokai Carbon Co., Ltd.                                            

                8.9 Black Bear Carbon BV                                             

                8.10 Longxing Chemical Group                                                        

9. Competitive Landscape                                                           

                9.1 Market share analysis                                            

                9.2 Merger and Acquisition Analysis                                        

                9.3 Agreements, collaborations and Joint Ventures   

                9.4 New Product Launches                                          

10. Market Outlook and Investment Opportunities Appendix  

                a) List of Tables                                

                b) List of Figures                                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Carbon Black Market Market By Region, From 2020-2025 ( USD Billion )

  2. Global Carbon Black Market Market By Type, From 2020-2025 ( USD Billion )

  3. Global Furnace Black Market By Region, From 2020-2025 ( USD Billion )

  4. Global Channel Black Market By Region, From 2020-2025 ( USD Billion )

  5. Global  Thermal Black Market By Region, From 2020-2025 ( USD Billion )

  6. Global Acetylene Black Market By Region, From 2020-2025 ( USD Billion )

  7. Global Others Market By Region, From 2020-2025 ( USD Billion )

  8. Global Carbon Black Market Market By Pigment, From 2020-2025 ( USD Billion )

  9. Global Ivory Black Market By Region, From 2020-2025 ( USD Billion )

  10. Global Vine black  Market By Region, From 2020-2025 ( USD Billion )

  11. Global Lamp Black Market By Region, From 2020-2025 ( USD Billion )

  12. Global Carbon Black Market Market By Application, From 2020-2025 ( USD Billion )

  13. Global Tyres Market By Region, From 2020-2025 ( USD Billion )

  14. Global Non-Tyre Rubber Market By Region, From 2020-2025 ( USD Billion )

  15. Global Inks & Coating Market By Region, From 2020-2025 ( USD Billion )

  16. Global Plastic  Market By Region, From 2020-2025 ( USD Billion )

  17. Global Others Market By Region, From 2020-2025 ( USD Billion )

  18. Global Carbon Black Market Market By Grade, From 2020-2025 ( USD Billion )

  19. Global Standard Grade Market By Region, From 2020-2025 ( USD Billion )

  20. Global Specialty Grade Market By Region, From 2020-2025 ( USD Billion )

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