The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing a diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in the supply of raw materials, which directly affected the manufacturing process. Further, a halt in many end-use industries directly affected the chemical demand all around the world.
Carbon Black Market Overview
The global carbon black market was valued at USD 21.40 billion in 2021, with a compound annual growth rate (CAGR) of 4.11% projected from 2023 to 2030.
Global Carbon Black Market is expected to witness significant growth due to the larger application of black carbon in several industries over the forecast period. Carbon black is mostly used in the manufacturing of tires, plastics, mechanical rubber goods, printing inks, and toners.
Increasing demand for carbon black from tire and construction & manufacturing industries, where it is used to provide strength to industrial rubber compounds and other equipment. This notable fact is expected to improve the growth of the market over the next few years. Furthermore, carbon black has some super physical properties such as color stability, solvent resistance, and thermal stability, owing to this it is broadly used in paint and coating industries. This fact further supports the expansion of the carbon black market.
On the other side, factors such as fluctuations in raw material prices, a rise in the use of silica as a substitute, and environmental concerns related to the manufacturing of carbon black are projected to hamper the growth of the market in forthcoming years.
Carbon Black Market Segment Overview
Based on application, the Plastics segment is expected to grow at the highest rate in the coming years. The most extensive use of carbon dark is as a pigment and reinforcing phase in vehicle tires. Carbon black allows to conduct heat away from the tread and belt area of the tire and helps in reducing thermal damage and increasing the service life of tires. Owing to the higher demand for vehicles, it is expected that the automotive market will rise remarkably. This key fact is projected to enlarge the demand for carbon black mainly in tires and seat belts.
According to grade, the Specialty Grade segment has remarkable growth in the market. Specialty carbon black is high-end refined carbon black. For manufacturing of specialty carbon black, hydrocarbon is burned in a limited air supply. Moreover, the increasing use of specialty carbon blacks in pigmenting, UV stabilizing, and conductive agents is projected to fuel the growth of the market in the coming years.
Carbon Black Regional Overview
Region-wise, North America commanded a major share of the Carbon Black market. This is due to the high demand for tire manufacturing in this region. However, strict environmental regulations may restrain the North American and European markets. Similarly, Asia Pacific is expected to show rapid growth in the market. Factors such as high economic growth along with rapid industrialization and urbanization in the developing regions of Asia Pacific have increased the regional demand for carbon black. Additionally, growing foreign investments and favorable regulatory strategies are also propelling the market’s growth in this region.
Carbon Black Market Competitor overview
· In June 2021, Orion Engineered Carbons S.A., a leading global supplier of specialty and high-performance carbon black, announced the commercial launch of ECORAX® Nature, a new family of products developed for rubber applications utilizing industrial grade, plant-based oils; a renewable, non-fossil derived feedstock. ECORAX® Nature 100 is the first highly reinforcing carbon black grade made from renewable feedstocks which can be used in critical tire tread construction. The product is currently being tested by customers and will go into high-volume manufacturing in the second half of 2022.
Carbon Black Market, Key Players
· Orion Engineered Carbons Holdings GmbH
· OMSK Carbon Group
· Sid Richardson Carbon & Energy Co.
· Tokai Carbon Co. Ltd.
· Asahi Carbon Co. Ltd.
· Ralson Goodluck Carbon
· Atlas Organic Pvt. Ltd.
· Continental Carbon Co.
· OCI Company Ltd.
· Birla Carbon
· Bridgestone Corp.
· Cabot Corp.
· China Synthetic Rubber Corporation (CSRC)
· Himadri Companies & Industries Ltd. (HCIL)
· Nippon Steel & Sumikin Chemical Co. Ltd.
· Jiangxi Black Cat Carbon Black Inc.
· Mitsubishi Chemicals
Carbon Black Market Segmentation
Carbon Black Market, By Process
· Furnace Black
· Channel Black
· Acetylene Black
· Lamp Black
Carbon Black Market, By Grade
· Specialty Grade
· Conductive Grade
Carbon Black Market, By Application
· Tires
· Coatings
· Plastics
· Printing Inks
· Toners
Carbon Black market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Carbon Black Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Process
- 5.2.1. Furnace Black
- 5.2.2. Channel Black
- 5.2.3. Acetylene Black
- 5.2.4. Lamp Black
- 5.3. Market Analysis, Insights and Forecast – By Grade
- 5.3.1. Specialty Grade
- 5.3.2. Conductive Grade
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Tires
- 5.4.2. Coatings
- 5.4.3. Plastics
- 5.4.4. Printing Inks
- 5.4.5. Toners
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Carbon Black Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Process
- 6.2.1. Furnace Black
- 6.2.2. Channel Black
- 6.2.3. Acetylene Black
- 6.2.4. Lamp Black
- 6.3. Market Analysis, Insights and Forecast – By Grade
- 6.3.1. Specialty Grade
- 6.3.2. Conductive Grade
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Tires
- 6.4.2. Coatings
- 6.4.3. Plastics
- 6.4.4. Printing Inks
- 6.4.5. Toners
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Carbon Black Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Process
- 7.2.1. Furnace Black
- 7.2.2. Channel Black
- 7.2.3. Acetylene Black
- 7.2.4. Lamp Black
- 7.3. Market Analysis, Insights and Forecast – By Grade
- 7.3.1. Specialty Grade
- 7.3.2. Conductive Grade
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Tires
- 7.4.2. Coatings
- 7.4.3. Plastics
- 7.4.4. Printing Inks
- 7.4.5. Toners
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Carbon Black Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Process
- 8.2.1. Furnace Black
- 8.2.2. Channel Black
- 8.2.3. Acetylene Black
- 8.2.4. Lamp Black
- 8.3. Market Analysis, Insights and Forecast – By Grade
- 8.3.1. Specialty Grade
- 8.3.2. Conductive Grade
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Tires
- 8.4.2. Coatings
- 8.4.3. Plastics
- 8.4.4. Printing Inks
- 8.4.5. Toners
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Carbon Black Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Process
- 9.2.1. Furnace Black
- 9.2.2. Channel Black
- 9.2.3. Acetylene Black
- 9.2.4. Lamp Black
- 9.3. Market Analysis, Insights and Forecast – By Grade
- 9.3.1. Specialty Grade
- 9.3.2. Conductive Grade
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Tires
- 9.4.2. Coatings
- 9.4.3. Plastics
- 9.4.4. Printing Inks
- 9.4.5. Toners
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Carbon Black Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Process
- 10.2.1. Furnace Black
- 10.2.2. Channel Black
- 10.2.3. Acetylene Black
- 10.2.4. Lamp Black
- 10.3. Market Analysis, Insights and Forecast – By Grade
- 10.3.1. Specialty Grade
- 10.3.2. Conductive Grade
- 10.4. Market Analysis, Insights and Forecast – By Application
- 10.4.1. Tires
- 10.4.2. Coatings
- 10.4.3. Plastics
- 10.4.4. Printing Inks
- 10.4.5. Toners
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. BASF SE
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. Dow Inc.
- 11.6. Mitsubishi Chemical Holdings
- 11.7. Nouryon
- 11.8. Dominion Colour Corporation
- 11.9. Asahi Carbon Co., Ltd.
- 11.10. Birla Carbon Public Company Limited
- 11.11. Phillips Carbon Black Limited
- 11.12. Cabot Corporation
- 11.13. SABIC
- 11.14. OCI Company Ltd.
- 11.15. Omsk Carbon Group
- 11.16. Orion Engineered Carbons SA
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
