Carbon Black Market Share, Size, Trends, Industry Analysis Report, By Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black, and Others); By Grade; By Application; By Region; Segment Forecast, 2023-2032

Carbon Black Market Share, Size, Trends, Industry Analysis Report, By Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black, and Others); By Grade; By Application; By Region; Segment Forecast, 2023-2032

The global carbon black market size is expected treach USD 20.64 billion by 2032, according ta new study by Polaris Market Research. The report “Carbon Black Market Share, Size, Trends, Industry Analysis Report, By Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black, and Others); By Grade; By Application; By Region; Segment Forecast, 2023-2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Extensive rise in the demand for carbon black from a wide range of industries, including consumer goods, construction, rubber, automotive, and electronics, owing tits various beneficial characteristics and physical properties, including excellent strength and antistatic properties along with the different supportive investment policy and high infrastructure development in countries like China, Indonesia, Brazil, and India are among the prominent factors driving the market growth.

Moreover, many black carbon manufacturing companies are engaging in extensive R&D activities and introducing several new products tstrengthen their position and cater tthe product demand, likely tcreate lucrative growth opportunities over the coming years. For instance, in March 2022, Orion Engineered established a new production line for black carbon production in Italy. The new 25 KT line of the facility will produce both specialty & technical rubber carbon blacks, mainly for the European market. The new facility converts the waste heat intemployable electricity that generates up t120 MWh annually.

With the rapid increase in the global population and industrialization, especially in developing economies, tprovide high infrastructure growth, the stringent performance requirements & liabilities in various sub-sectors are likely tfuel the demand for superior-quality carbon blacks. Industries are always looing for better-performing products like higher levels of chemical and physical cleanliness and the ability tmeet several regulatory requirements.

Carbon Black Market Report Highlights

Furnace black segment accounted for significant global market share in 2022, on account of increasing adoption of this type of product in the production of color pigments and rubber reinforcement

Standard grade segment is anticipated thold largest market share over the projected period, which is mainly driven by growth in the adoption and usage for making wires & cables and tires

Tire segment dominated the market in 2022, which is highly accelerated by tremendous rise in the demand form automobile industry due tthe widespread use of carbon black in variety of automotive parts

Asia Pacific region is expected tgrow at a considerable CAGR during the forecast period, owing texponential growth of various end-use industries and presence of the large manufacturing facilities in countries like India, China, and South Korea

The global key market players include Cabot Corporation, Longxing Chemical, Mitsubishi Chemical Holdings, Atlas Organics, and Himadri Specialty Chemicals

Polaris Market Research has segmented the carbon black market report based on type, grade, application, and region:

Carbon Black, Type Outlook (Revenue - USD Billion, 2019 - 2032)

Furnace Black

Channel Black

Thermal Black

Acetylene Black

Others

Carbon Black, Grade Outlook (Revenue - USD Billion, 2019 - 2032)

Standard Grade

Specialty Grade

Carbon Black, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Tire

Non-Tire Rubber

Inks & Coatings

Plastics

Others

Carbon Black, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa