Carbon black is a black pellet or powder material with unique characteristics. It is produced by incomplete combustion or thermal decomposition of gaseous or liquid hydrocarbons under specific conditions. Carbon black particles vary widely in particle size depending on the process they are made. This product is used as a colorant and filler in tires and other rubber products. Plus, it is used as an additive in plastics, paints and ink pigment.
The global Carbon black market is segmented by process type (furnace black, thermal black, acetylene black, and others), grade (standard grade and specialty grade), application (tire, non-tire rubber, inks, plastics, and others), and by geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). Asia-Pacific dominated the Carbon black market with a market share of 57% in 2023.
Carbon black specifications
Carbon black is in the top 50 industrial chemicals manufactured worldwide and this shows the widespread use of this product in various industries. Due to the specific surface area, particle size and structure, Carbon black is used as a filler in tires and other rubber products.
Carbon black specifications | |
CAS No. | 1333-86-4 |
HS Code | 28030010 |
Packaging | Bag |
Carbon black market
The global Carbon black market size was valued at USD 27.44 billion in 2023 and is expected to reach USD 41.28 billion in 2032, growing at a CAGR of 4.6 % in the forecast period (2023-2032). China is the largest consumer of Carbon black in the world. The market growth in this country is attributed to the increasing use of this product in tire and plastic segment.
Carbon black market, by process type
Based on process type, the Carbon black market has been segmented into:
- Furnace black
- Thermal black
- Acetylene black
- Others
Furnace black is expected to grow at the fastest rate in the forecast period (2023-2032). This type of Carbon black is produced by unfinished petroleum oil or coal oil combustion. The thermal black is the second largest segment in the global market. UV absorbent properties make this product suitable for plastic industry.
Carbon black market, by grade
Based on grade, the Carbon black market has been segmented into:
- Standard grade
- Specialty grade
The standard grade dominated the Carbon black market in 2023. This is due to the use of this grade in rubber products like tires and is expected that this trend will continue in the forecast period.
Carbon black market, by application
Based on application, the Carbon black market has been segmented into:
- Tire
- Non-tire rubber
- Inks and toners
- Plastics
- Others
The tire segment owns the highest market share and is expected to increase in the coming years. The demand for black pigment such as printing inks and paints, is expected to increase due to the preference for black-colored products.
Carbon black market, by region
Based on region, the Carbon black market has been segmented into:
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East & Africa
The Asia Pacific is likely to dominate the global market during the forecast period. Plus, the growing demand for tires and other rubber products from the automobile industry boosts the demand for Carbon black in Europe.
Carbon black market drivers
The rubber industry due to the increasing demand from the automotive, electronics, and construction industries is growing rapidly. Rubber compounds consist of carbon black as a filler to enhance its physical characteristics. Plus, it helps in strengthening the volume of rubber.
Urbanization, industrial growth, and increase in the number of manufacturing industries are driving the carbon black market. Plus, Carbon black is used in various industries such as paints & coatings, inks & pigments, and plastic industry.
Carbon black market opportunities
The increasing demand for Carbon black in various industries such as the rubber industry, paints and coatings, and plastics is driving the Carbon black market. As these sectors continue to expand, the demand for Carbon black is expected to increase, leading to creating prospects for its market growth.
FAQ
What is the Carbon black Market size?
The global Carbon black market size was valued at USD 27.44 billion in 2023 and is expected to reach USD 41.28 billion in 2032, growing at a CAGR of 4.6 % in the forecast period (2023-2032).
What is the fastest growing region in Carbon black market?
Asia-Pacific dominated the Carbon black market with a market share of 57% in 2023. China is the largest consumer of Carbon black in the world. The market growth in this country is attributed to the increasing use of this product in tire and plastic segment.
What is Carbon black?
Carbon black is a black pellet or powder material with unique characteristics. It is produced by incomplete combustion or thermal decomposition of gaseous or liquid hydrocarbons under specific conditions. Carbon black particles vary widely in particle size depending on the process they are made.
What is the price of Carbon black?
ArChem raw chemical materials can be purchased in a variety of volumes. Depending on your orders, prices are different. For more information about Carbon black price, please contact our technical sales team in ArChem.