Global Carbon Black Market Scope by Process (Furnace Black, Acetylene Black, Thermal Black, Channel Black, Lamp Black, Gas Black), by Grade (N-550, N-660, N-762, N-772, N-774, N-990, N-991, Others), by Application (Tires & Rubber Goods, Graphite Manufacturing, Coatings, Printing, Electronics, Polymers Others), and by Region (North America, Europe, Asia Pacific, Latin America, MEA), - Global Forecasts 2017 to 2027

The Global Carbon Black Market Was Valued at US$ 19.45 Bn In 2020 Is Expected To Reach US$ 26.25 Bn By 2027, With A Growing CAGR Of 4.4% During The Forecast Period (2020-2027). Carbon black is a solid carbon that is in commercial form and is manufactured in highly controlled processes. It is composed of fine particles primarily consisting of carbon. Carbon black has a wide range of applications from an electric conductive agent of high technology materials to black coloring pigment for newspaper ink. Factors such as lightweight high thermal and chemical stability, low cost, and permanent electric conductivity, drive the carbon black market demand. The expansion of the carbon black industry is attributed to the rising new and innovative applications and technology across the carbon black industry ecosystem. The key players in the market are constantly exploring ways to improve the performance of carbon black in applications such as rubber and tire applications. These investments and product development across the carbon black value chain are anticipated to proliferate the carbon black market forecast.

Moreover, the production of carbon black results in the emission of particulate matter such as carbon monoxide (CO), sulfur compounds, nitrogen oxides, polycyclic organic matter (POM), organics, and trace elements. These emissions are restraining the growth of the carbon black industry. Various regulatory bodies such as U.S. Environmental Protection Agency, and European Environment Agency among others have policies to minimize the production of carbon monoxide, nitrogen oxide, and sulfur compounds which is hampering the carbon black market growth. In addition to this, carbon black possesses global environmental problem with negative implications on climate and human health. The concerns regarding the impact of carbon black on human health is further restraining the carbon black industry demand.

The Global Carbon Black Industry Segmentation:

By Process

• Furnace Black
• Acetylene Black
• Thermal Black
• Channel Black
• Lamp Black
• Gas Black

By Grade

• N-550
• N-660
• N-762
• N-772
• N-774
• N-990
• N-991
• Others

By Application

• Action Games
• Tires & Rubber Goods
• Graphite Manufacturing
• Coatings
• Printing
• Electronics
• Polymers
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

The unique insights provided by this report also includes the following:

1. In-depth value chain analysis
2. Opportunity mapping
3. Sector snapshot
4. Key Players Positioning Matrix
5. Regulatory scenario
6. Strategies Adopted-Benchmarking Heat Map
7. Market trends
8. Covid-19 impact analysis
9. Product comparison
10. Pre & Post COVID 19 impact on Carbon Black Market Forecast
11. Competitive Landscape

Based on the process, in 2020, furnace black accounted for a market share of 75% and will continue to maintain its dominant position throughout the forecast period

The growing use of furnace black for rubber reinforcement is one of the major factors driving the market growth of this segment. The furnace black process is also used to manufacture color pigments, and the demand for the same is expected to increase further in the coming years. More than 98% of the world’s annual carbon black is manufactured using the furnace black process. Heavy oil with a high content of aromatic hydrocarbons is the preferred feedstock for most carbon black manufacturing processes, especially furnace black processes. These raw materials provide the greatest carbon-to-hydrogen ratio, which maximizes the availability of carbon and is highly efficient in terms of carbon black yield. The furnace black is the most recently developed process and is most commonly used for large scale carbon black manufacturing supporting the growth of furnace black process in the carbon black market analysis.

Based on the application, the tire and rubber goods application segment is witnessing the fastest growth rate of 4.6% during the forecast period whereas the polymers application segment held a significant market share in 2020

Carbon black is a unique in its ability and significantly enhances the properties of almost all the base elastomer system while reducing the cost and is thus largely used in rubber compounding. In the rubber compounds, carbon black is used as the predominant reinforcing filler and has application as rubber belts, tracks and anti-vibration devices. These applications require dynamic performance and durability which is a key factor proliferating the demand for carbon black market in tire and rubber goods application segment. The largest volume of carbon black is used as a performance and reinforcement additive in rubber products. Furthermore, in the tire components such as sidewalls, treads and inner liners carbon black is most widely used as a cost-effective rubber reinforcing agent. With the rising demand for tire and rubber goods from the industrial and automotive sector, the carbon black industry is witnessing a high growth rate.

Based on regions, the Asia Pacific region dominated the carbon black market size holding a market share of 48.5% in 2020

The Asia Pacific region has the presence of the largest carbon black manufacturers and the region produces more than half of the world’s carbon black. In the Asia Pacific region, China accounted for the largest market share in the carbon black industry analysis in the year 2020 and is anticipated to maintain its dominant position throughout the forecast period. The expansion of manufacturing industries such as tire, automobile, coatings, and electronics manufacturing in the region is driving the carbon black industry demand. China and India are the major manufacturers as well as major consumers of carbon black in the region. The construction industry in these countries is witnessing a high growth rate which is supporting the demand for coating thus increasing the carbon black market growth rate.

In addition to this, the Asia Pacific region is witnessing a rise in the adoption of electric vehicles coupled with strong government support. The lightweight materials are highly preferred in electric vehicles to reduce cost, further accelerating the carbon black industry demand. The coatings application segment is witnessing a high growth rate in China coupled with the booming automotive, construction and industrial sector. The rise in these application segments is anticipated to boost the carbon black market size in the upcoming years.

Company Profiles and Competitive Intelligence: The major players operating in the global carbon black market are Birla Carbon, Orion Engineered Carbons, Himadri Speciality Chemical Ltd., Continental Carbon Company, Dow Inc., BASF SE, Mitsubishi Chemical Corporation, Nouryon, ASAHI Carbon CO., LTD., and Phillips Carbon Black Limited among others.

The report also provides in-depth analysis of Carbon Black market dynamics such as drivers, restraints opportunities and challenges

Drivers

1. Rising adoption of carbon black across paint and coatings industry is driving the carbon black market demand
2. The strong demand for carbon black from the tire and rubber application segments is propelling the market growth

Restraints

1. The standards and laws regulating the carbon black market is hindering the carbon black industry growth

COVID-19 Impact on the Carbon Black Market Analysis

Various countries across the globe are still under the threat of COVID-19 and the carbon black industry has been impacted to a large extent due to this. The entire value chain of the carbon black market experienced the consequences of government mandates, lockdown, and production facility closures. The unavailability of raw material supply, lack of availability of labors, and production facilities not working to full capacity are some of the factors that hampered the carbon black industry growth.

The report also provides an in-depth analysis of key trends in the Carbon Black market

Sr. No.	Trends	Impact
1	Increasing use of carbon black in cosmetics such as lipstick, mascara and eyeliner	Positive
2	The escalating demand from automotive industry for carbon black is one of the key market trends	Positive
3	Accelerating application of carbon black across the tire and rubber application segments	Positive

The report also provides an in-depth analysis of recent news developments and investments

1. In November 2019, Bridgestone Americas, Inc. introduced the first at-scale use of recovered carbon black (rCB) in the tire market. The new development is a part of a long-standing partnership between Delta-Energy Group, LLC and Bridgestone Americas, Inc. The new development is a part of Bridgestone’s commitment to environmental vision targeting 100% sustainable materials, contributing to carbon emission reduction by over 50%.
2. In September 2019, BASSF SE launched a series of reactive, innovative, and high-performance dispersing agents such as Efka® PX 4787, Efka® PX 4785, and Efka® PX 4780. These agents are used for organic p9igments and carbon black and are based on advanced polymer technology for industrial coatings and the automotive segment. These high-performance dispersing agents provide excellent dispersing efficiency while improving the coating properties such as hardness and solvent resistance. The other benefits include exceptional jetness with carbon black pigments and improved gloss.

Company Profiles and Competitive Intelligence

The key players operating in the market are:

1. Birla Carbon
2. Orion Engineered Carbons
3. Himadri Speciality Chemical Ltd.
4. Continental Carbon Company
5. Dow Inc.
6. BASF SE
7. Mitsubishi Chemical Corporation
8. Nouryon
9. ASAHI Carbon CO., LTD.
10. Phillips Carbon Black Limited

 

Related Reports