New York, NY, April 13, 2023 (GLOBE NEWSWIRE) — Polaris Market Research has published a new research report titled “Carbon Black Market Share, Size, Trends, Industry Analysis Report, By Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black & Others); By Grade; By Application; By Region; Segment Forecast, 2023-2032” in its research database.
“According to the latest research analysis, it is global carbon black market size/share is expected to be valued at approx. USD 13.21 billion in 2022 and is is expected to reach revenue of around USD 20.64 billion by 2032at a CAGR of around 4.6% between 2023 and 2032.”
What is Carbon Black? What is the Carbon Black Market size/share?
Carbon black is effectively pure elemental carbon in the manifestation of colloidal particles produced by incomplete combustion or thermal decomposition of gaseous or liquid hydrocarbons under a controlled environment. The rapidly increasing demand for the carbon black market can be attributed to its use in tires, printing inks and coatings, rubber and plastic products, and has properties of special surface area, particle size and structure, and conductivity and color.
The market is expected to grow due to the increasing demand for the product as a reinforcing agent, especially in tires. Furthermore, the increasing use of the product in agriculture, bark film, sewage bags, stretch film and industrial bags is expected to provide the market growth.
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Our sample report covers:
2032 updated report introduction, overview and in-depth industry analysis.
115+ page research report (inclusion of updated research).
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2023 Updated regional analysis with graphical representation of size, share and trends
Contains updated list of tables and figures.
Updated report includes top market players with their business strategy, sales volume, and revenue analysis.
Prominent growth driving factors:
Extensive use in industries: The rubber industry worldwide is spreading, especially due to the increasing demand from the consumer goods, electronics, automotive and construction sectors, as carbon black is widely used in industries for the manufacture of tires, air springs, hoses, wires and cables, windows and doors, belts and gaskets , which is successively pushing global market growth.
Supports the volume of rubber products: Carbon black helps support the volume and vulcanization of rubber products, improving its product quality and life. Additionally, carbon black market size is expanding due to the expanded penetration in conjunction with several beneficial physical properties of carbon black such as thermal stability, color stability, and solvent hostility, making it extremely favored in the paint and coating industry, causing high product demand globally.
Petroleum and coal oil raw material: The sales of the carbon black market are skyrocketing, as mainly carbon black is in the configuration of black colloidal particles, which are produced through the acetylene black process, the lamp black process, and the furnace black process, among others. The raw material used for these procedures varies between oil, coal oil, natural gas and acetylene gas.
Product passenger: In addition, the product passages are steadily dependent on applications such as electrostatic discharge, tireless rubber, paints and coatings, packaging, and ink consumption, along with limitations mapped to assembly technologies and raw materials used.
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Top Report Results:
Carbon black is widely used in the rubber industry to manufacture tires, air springs, hoses, wires and cables, windows and doors, belts and gaskets, which is successively pushing the global market growth.
The market is segmented by type, quality, application and region
The leading region for this market is Asia Pacific
Top trends affecting the market:
Competencies for heat loss: Carbon black is widely used in the inner liners, carcasses and sidewalls, as it has escalated the heat degradation ability when fused with many rubber compounds and the growing concentration of prominent market players in starting modern raw materials and boosting the market expansion.
Protects gadgets from discoloration: The predominant electronic gadgets involving laptops, PCs, mobile phones, televisions and gaming devices worldwide are most often assembled in black color, which increases the demand for gender black in the electronic industry at a very fast pace as it serves as a light absorber to help protect plastic, these gadgets from becoming discolored, chalky, fading and cracking, which has particularly boosted the traction and favorability of the item and looks set to generate massive growth opportunities for the market during the forecast period.
Improvised conductivity: Companies are investing in R&D projects to advance their assembly procedures, which will reduce gas emissions within acceptable limits and improve product quality. Carbon black offers improvised conductivity, viscosity, sharp color and UV protection.
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The furnace black segment accounted for the largest market share
Based on type, the black oven segment held the largest market share. Demand in the carbon black market is increasing due to the increasing use of black furnace procedures for rubber reinforcement and the steady upswing in demand for the production of color pigments. Additionally, this procedure allows the production of carbon black with multiple particle sizes and structures and is widely used as a reinforcing agent in rubber production.
The standard quality segment is expected to have a significant market
Based on quality, the standard quality segment is expected to have a significant market over the forecast period. Gendered market trends include the massive increase in the use of cables, tires and wires that are conventional raw materials of rubber in a wide range of industrial applications, together with a growing awareness of its numerous unusual properties and benefits, ushering in a range of rubber dependent raw materials such as improving the life and enhancing the vulcanization of rubbers.
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Carbon Black Market: Scope of the Report
Revenue forecast in 2032|
USD 20.64 billion|
The market size value in 2023|
USD 13.78 billion|
Expected CAGR growth|
4.6% from 2023-2032|
2023 – 2032|
Top market players|
Birla Carbon Thailand Public Co. Ltd., Cabot Corporation, Orion Engineered Carbons SA, Philips Carbon Black Limited, CSRC Group, Himadri Specialty Chemicals Ltd., Longxing Chemical Industry Co. Ltd., Mitsubishi Chemical Holdings Corporation, Omsk Carbon Group, OCI Company Ltd., Atlas Organics Private Limited and International China Oak Investment Holdings Co. Ltd.|
By type, by grade, by application, by region|
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Asia and the Pacific: This region held the largest carbon black market share due to the ever-increasing utilization of plastics covering prominent end-use industries such as conductive polymers, automotive, packaging, and construction. In addition, the increase in polymer production is mainly in China, India and many Southeast Asian countries.
North America: This region accounted for significant market share during the forecast period due to rapid increase in the region’s commercial structuring projects and automotive sector, which has motivated product demand in paints and coatings, wires and cables, and molded plastics.
Browse the detail report “Carbon Black Market Share, Size, Trends, Industry Analysis Report, By Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black & Others); By Grade; By Application; By Region; Segment Forecast, 2023-2032” with in-depth table of contents: https://www.polarismarketresearch.com/industry-analysis/carbon-black-market
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In March 2022, Cabot Corporation fully acquired Tokai Carbon. Carbon Plant located in China. The company will expand its manufacturing capacity to support the growth of its battery material product line with this expansion. The plant has a total production capacity of up to 50,000 tonnes of carbon black annually.
In June 2022, Abu Dhabi National Oil Company signed three agreements with ADNOC, a supply agreement for the supply of base oils. This five-year contract will allow the company to strengthen its market share in the long term, including horizontal diversification.
Frequently asked questions:
What is the expected industry size?
Who are the top market players?
What growth strategies are the players considering to stay in the market?
What opportunities and threats are the players exposed to in the market?
Which region has contributed particularly to the market?
What will be the expected CAGR of the market during the forecast period?
What are the most important segments of the market?
Polaris Market Research has segmented the carbon black market report based on type, quality, application and region:
By type of Outlook
By Grade Outlook
By application Outlook
Inks & Coatings
By Region Outlook
North America (USA, Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa)
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