According to ChemAnalyst report, “Global Carbon Black Market Analysis: Plant Capacity, Process, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Grade, Type, Sales Channel, Regional Demand, Company Share, 2015-2035” Global Carbon Black market witnessed a strong demand in the past years and is anticipated to achieve a healthy CAGR of 3.96% during the forecast period till 2035 owing to its application in the Tyres, Mechanical Rubber Goods, Plastics & Polymers, Printing Inks, and Others (Paints, etc) end-use industries.
Carbon Black is an intense black form of amorphous carbon produced by the partial combustion of hydrocarbons (petroleum products) such as coal tar, fluid catalytic cracking tar, ethylene cracking tar or plant-based feedstock. It is classified into Rubber Black and Specialty Black based on its type. Carbon Black is used prominently as a reinforcing agent in tires and other rubber products as it increases resistance to abrasion and wear and tear coupled with its use to make rubber tires electrically conducting to avoid creation of an electrostatic charge in vehicles. It is also used extensively as black pigment in printing ink, carbon paper and paint as it is strongly tinted, heat labile and suitable for film coating, protective coatings thereby, contributing to the growing demand of the chemical. Moreover, carbon black is an excellent absorber of UV rays therefore added to other materials for the prevention of ultraviolet degradation.
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The primary market driver of the global Carbon Black market is the rubber industry. Carbon Black acts as a filler in tyres and improves its physical characteristics meanwhile also provides it greater strength. The addition of carbon black prevents electrostatic charging and aids in transferring heat away from some hotspots on the tyre, particularly around the groove and belt. This increases the tire’s longevity and reduces thermal stress to it. The expanding rubber sector with applications in a wide array of industries like automotive and construction sectors will most likely hike up the demand of Carbon Black on a global level. Carbon Black serves as a pigment in paints and coatings as well. Additional growth prospects are possible to carbon black manufacturers thanks to the growing paints and coatings industry owing to industrialization.
The global Carbon Black market is segmented based on type, grade, end-use, sales channel, and region. Based on type, the global Carbon Black market is divided into Rubber segment and Speciality segment. Based on grade, the Carbon Black market is segregated into Carcass Line (N539-787), Tread Line (N110-N375), Speciality Tire Line, High Purity Line for MRG, and Others. The Carcass Line (N539-787) is dominating the Carbon Black market and utilized mainly by the tyre and rubber sector.
Based on region, Asia Pacific is dominating the Carbon Black market, followed by Europe. Additionally, Asia Pacific region is perceived to lead the global market for Carbon Black in the forecast period owing to the growing use of Carbon Black in end use industries such as automotive, paint and coatings. In Automotive industry, it is utilized for the synthesis of tire and other products which is directly going to impel the demand for Carbon black in the forecast period.
Moreover, manufacturers are investing and expanding their production capacities into the region specially in China, India, Bangladesh, Vietnam, Indonesia due to cheap labor costs and assistance from government; thereby, contributing to the dominant share of the region in the upcoming years. Europe and North America are also anticipated to show a promising growth in the forecast period.
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Based on the end-user industry, the Carbon Black market is segmented into Tyres, Mechanical Rubber Goods, Plastics & Polymers, Printing Inks, and Others (Paints, etc). Among these, the Tyres industry is the leading segment and accounted for around 60% of the share of total Carbon Black demand in 2021. This industry is anticipated to dominate the global Carbon Black market owing to growing demand of vehicles for transportation of good and people with the growing economies across the globe.
According to ChemAnalyst report, “Global Carbon Black Market Analysis: Plant Capacity, Process, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Grade, Type, Sales Channel, Regional Demand, Company Share, 2015-2035”, Major players for Carbon Black globally are Birla Carbon, Cabot Corporation, Orion Engineered Carbons S.A., Philips Carbon Black Ltd. (RP-Sanjiv Goenka Group), Jiangxi black cat carbon black Co., Ltd, Omsk Carbon Group, Tokai Carbon Group, Longxing Chemical Stock Co., Ltd., Continental Carbon Ltd., Suzhou Baohua Carbon Black, OCI Company Ltd., Nippon Steel Chemical & Material Co., Ltd, and Himadri Speciality Chemical Ltd.
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