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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 | 2022 to 2027

Published: January, 2022
ID: 8069
Pages: 175

Carbon Black Market Size & Growth 2022-2027:

The Carbon Black Market size was valued at around USD 14.06 billion at the end of 2021 and is estimated to grow at a CAGR of 6.63% to reach USD 17.12 billion by 2027.

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 that 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 in the Carbon Black Market:

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 the 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 the 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 in the Carbon Black Market:

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 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. 

CARBON BLACK MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

6.63%

Segments Covered

By Application, By Type, on the Basis of pigment source, On the basis of grade  

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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)

 

Carbon Black Market

Carbon Black Market is segmented into the following categories as per the research report until 2026.

Carbon Black Market Analysis

Carbon Black Market 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.

Carbon Black Market 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 the charring of dried grape stems and soot of oil lamps respectively.

Carbon Black Market 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.

Carbon Black Market 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

Carbon Black Market Regional Analysis

Asia Pacific Carbon Black Market 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 the 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. The 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                                              

  1. Global Carbon Black Market Market By Region, From 2022 - 2027( USD Billion )

  2. Global Carbon Black Market Market By Type, From 2022 - 2027( USD Billion )

  3. Global Furnace Black Market By Region, From 2022 - 2027( USD Billion )

  4. Global Channel Black Market By Region, From 2022 - 2027( USD Billion )

  5. Global  Thermal Black Market By Region, From 2022 - 2027( USD Billion )

  6. Global Acetylene Black Market By Region, From 2022 - 2027( USD Billion )

  7. Global Others Market By Region, From 2022 - 2027( USD Billion )

  8. Global Carbon Black Market Market By Pigment, From 2022 - 2027( USD Billion )

  9. Global Ivory Black Market By Region, From 2022 - 2027( USD Billion )

  10. Global Vine black  Market By Region, From 2022 - 2027( USD Billion )

  11. Global Lamp Black Market By Region, From 2022 - 2027( USD Billion )

  12. Global Carbon Black Market Market By Application, From 2022 - 2027( USD Billion )

  13. Global Tyres Market By Region, From 2022 - 2027( USD Billion )

  14. Global Non-Tyre Rubber Market By Region, From 2022 - 2027( USD Billion )

  15. Global Inks & Coating Market By Region, From 2022 - 2027( USD Billion )

  16. Global Plastic  Market By Region, From 2022 - 2027( USD Billion )

  17. Global Others Market By Region, From 2022 - 2027( USD Billion )

  18. Global Carbon Black Market Market By Grade, From 2022 - 2027( USD Billion )

  19. Global Standard Grade Market By Region, From 2022 - 2027( USD Billion )

  20. Global Specialty Grade Market By Region, From 2022 - 2027( USD Billion )

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