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global carbon black market trends analysis

Global Carbon Black Market Trends, Analysis, and Forecast To 2025

Carbon black can be defined as refined high-end chemical that is produced by burning of hydrocarbons in partial air

supply. Specialty carbon black is the purest form of carbon black possessing lower level of sulfur, ash, and metals in

combination with other impurities. The four processes that can be used to produce specialty carbon black include

acetylene black, thermal black, furnace black, and lampblack. Specialty carbon black forms a component of carbon black.

Furnace black is the most commonly used type of manufacturing process that helps in the mass production with various

particle sizes as well as structures. Also, furnace black can be utilized for different applications such as coloring and

rubber reinforcement.

The global carbon black market is segmented on the basis of type, application, grade and regions. Based on the type, the

global carbon black market is divided into furnace black, channel black, thermal black, acetylene black. By application,

the global carbon black market is divided into tire, non-tire rubber, inks & coating, and plastic. On the basis of grade, the

global carbon black market is segmented into standard and specialty grade.

The carbon black market is analyzed to grow in the forecast years owing to the increased demand for carbon black from

tire as well as industrial rubber compound. Due to the shift from commodity to specialized grade carbon black, rising

usage of carbon black as pigment in lightweight auto parts to improve conductivity as well as UV protection properties,

and rise in the merger and acquisition activities for consolidation of the market, there will be growth in this market

during the forecast period. Also, the constantly increasing passenger cars fleet size and light commercial vehicles will

fuel this market growth.

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Based on regions, the global carbon black market is segmented into North America, Europe, Asia Pacific, Middle East &

Africa (MEA), and Latin America. The Asia-Pacific region is expected to command the maximum market share for carbon

black during the forecast period. Owing to large production of vehicle and shifting of tire companies in low-cost

countries, such as India and China. The regional markets such as Asia-Pacific and Rest of the World are set to witness an

increased growth during the future years owing to a splurge in automotive demand and rising investment in tire

production facilities in low-cost countries. Also, majority of the carbon black’s manufacturing units located in North

America, Europe are being compelled to shut down their operations owing to the intense competition being faced from

low cost Asian manufacturers. This has led to the shift of carbon black’s manufacturing units towards Asia, thereby

propelling the growth of manufacturing capacities in countries such as China and India.

large number of companies are investing heavily

Large number of companies are investing heavily for their production capacities expansions in order to amplify their

market share and cater to the high demand for carbon black. The major companies that provide carbon black include

China Synthetic Rubber Corporation, Jiangxi Black Cat Carbon Black Co., Ltd., Orion Engineered Carbons, Cabot

Corporation, Birla Carbon, and Philips Carbon Black among others.

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