Carbon Black Market Size, Growth & Forecast 2025
Global Carbon Black Market reached US$ 27.56 billion in 2023 and is expected to reach US$ 38.08 billion by 2031, growing with a CAGR of 4.12% during the forecast period 2024-2031.
The Carbon Black Market focuses on the production and use of carbon black, a fine black powder primarily used as a reinforcing filler in rubber products, particularly tires, and in various industrial applications like coatings, plastics, and inks. It is also used in batteries and electronics for its conductive properties. The market is driven by the growing automotive industry, increasing demand for durable and high-performance products, and the rise in applications across various sectors, including electronics and energy storage.
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Key Players:
Profiles of some of the major players in the global Carbon Black market, which include 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., Birla Carbon, Bridgestone Corp., Cabot Corp.
Industry Development:
In June 2023, PCBL Limited embarked on two significant expansion projects: the establishment of a new manufacturing facility in Chennai, Tamil Nadu, and the continuation of an existing plant design in Mundra, Gujarat. As a result, the company is set to reach a total production capacity of 790,000 MTPA and integrate 122 MW of renewable energy into its operations.
In February 2023, Balkrishna Industries Ltd (BKT) expanded its carbon black production capabilities, planning a 20% increase in capacity within the same year. The company is focusing on enhancing its Bhuj facility in Gujarat to achieve an annual production capacity of 198 kilotons, positioning itself for further growth in the market.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Carbon Black market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.
By Process: Furnace Black, Channel Black, Thermal Black, Acetylene Black.
By Grade: Standard Grade, Specialty Grade.
By Application: Tires and Industrial Rubbers, Non-Tire Rubber, Inks & Toners, Plastics, Textile Fiber and Others.
Regional Break out:
The global Carbon Black Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Points Covered:
⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Carbon Black market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global Carbon Black Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The global Carbon Black market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Carbon Black Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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