Carbon black is a black fine chemical with unique characteristics. It is a form of paracrystalline carbon that has a high surface area to volume ratio. Carbon black changes into graphite if heated at 3000° C for a long time. It is used as a colorant and filler in tires and other rubber products, pigments, paints, and inks.
ArChem provides Carbon black and other raw chemical materials such as MEA, DEG, and TEG for various industrial applications. Additionally, ArChem provides customers with other chemical products including Plasticizers, organic solvents, etc. for further information please contact our technical sales team in ArChem.
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).
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 market growth drivers
The Carbon black market is influenced by several key factors including:
Automotive industry
The increasing production of tires and other rubber products, which utilize carbon black as a reinforcing agent, is one of the major drivers. With the expansion of the automotive industry, demand for carbon black continues to rise.
Construction sector
Carbon black is used in various construction materials such as rubber and coatings. Growth in the construction industry due to the urbanization and infrastructure development, increases demand for these materials.
Plastics industry
Carbon black is used as a pigment and UV stabilizer in the plastics industry. Increasing demand for plastics in packaging and other products supports the Carbon black market.
Paints and coatings
Carbon black is used as a pigment in paints, coatings, and inks. The increasing demand for coatings and other industrial applications fuels market growth.
These factors contribute to the steady growth of the Carbon black market across various industries.
Carbon black price trend
The price trend of Carbon black is influenced by several factors including:
- Raw material price: Carbon black is produced from petroleum-based feedstocks. Fluctuations in the prices of crude oil and other raw chemical materials significantly impact the production cost and final price of carbon black.
- Increasing demand: The demand for carbon black from different industries such as automotive and construction drives its price. High demand leads to higher prices.
- Supply and demand: The global supply of carbon black can be affected by the production capacities in different countries. Higher demand often leads to price increases. Conversely, low demand can result in price drops.
- Technological advancements: Improvement and development in production technologies can impact the production cost of carbon black and subsequently final product prices.
- Economic conditions: Economic conditions, including inflation rates and economic growth, play an important role in determining the price trend of carbon black.
Overall, a combination of these factors along with market dynamics, influences the pricing of Carbon black in the market. Our experts in ArChem monitor and analyze various aspects of the global Carbon black market. They analyze various segments and provide an analysis of the market performance in the long term. This would be useful for our customers to plan their future investments, understand the cost dynamics, and gain awareness about the behaviour of competitors across the globe.
FAQ
What is the price of Carbon black in the market?
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.
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 Carbon black?
Carbon black is a black fine chemical with unique characteristics. It is a form of paracrystalline carbon that has a high surface area to volume ratio. Carbon black is used as a colorant and filler in tires and other rubber products, pigments, paints, and inks.
What is the CAS number of Carbon black?
The CAS number of Carbon black is 1333-86-4.
What is the HS code for Carbon black?
28030010