The latest report by IMARC Group, titled “Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global carbon black market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global carbon black market reached a value of US$ 15.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.8 Billion by 2027, exhibiting at a CAGR of 5.56% during 2022-2027. Carbon black refers to elemental carbon produced by the decomposition or partial combustion of hydrocarbons, including natural gas and oil, under controlled temperatures and pressures. It usually comprises of carbon, along with small amounts of hydrogen, nitrogen, sulfur, and oxygen. Carbon black can resist ultraviolet (UV) radiation in plastics by absorbing UV light and converting it into heat and exhibits strong tint properties. Consequently, it is extensively utilized across various industries, including automotive, construction, paint, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Global Carbon Black Market Trends:
The rising product adoption as a filler and a strengthening agent in tires and several molded industrial rubber items, such as gaskets, hoses, belts, air springs, etc., is primarily driving the carbon black market. Additionally, the expanding automotive industry is propelling the demand for carbon black in the inner liners, sidewalls, and treads of tires to increase their longevity and strength, which is further catalyzing the market growth. Besides this, the inflating need for self-driven and electric cars is acting as another significant growth-inducing factor. Moreover, the growing requirement for carbon black in the paints and coatings sector to produce jet black paints, which are widely used as protective coatings on numerous objects, is also positively influencing the global market. Apart from this, the development of innovative product variants that are manufactured using sustainable methods and offer improved tire fuel efficiency is anticipated to fuel the carbon black market over the forecasted period.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Cabot Corporation
- Thai Carbon Black Public Company Limited (Birla Carbon)
- Orion Engineered Carbons GmbH
- Phillips Carbon Black Limited
- TOKAI CARBON CO., LTD.
- Omsk Carbon Group OOO
- Jiangxi Blackcat Carbon Black Inc., Ltd.
- OCI COMPANY Ltd.
- China Synthetic Rubber Corporation
- SID Richardson Carbon & Energy Co.
Breakup by Application:
- Tire
- Non-Tire Rubber
- Plastics
- Inks and Coatings
- Others
Breakup by Grade:
- Standard Grade
- Specialty Grade
Breakup by Type:
- Furnace Black
- Channel Black
- Thermal Black
- Acetylene Black
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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