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 a CAGR of 5.56% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Carbon black is elemental carbon that is produced by partial combustion or decomposition of hydrocarbons such as oil and natural gas under controlled temperature and pressure. It mainly consists of carbon along with small amounts of hydrogen, oxygen, sulfur and nitrogen. Carbon black is most commonly produced by the furnace method that provides high yield and substantial control over the particle structure and size of the output, making it ideal for mass production. It finds wide application across various industries such as automotive and paint. It is also used as a filler and a strengthening agent in tires and several rubber products.

The growing automotive industry is one of the key factors driving the market growth. Carbon black is extensively used in the inner liners, sidewalls and treads of tires as it increases their strength and longevity. It is also applied in various extruded and molded industrial rubber products such as air springs, belts, hoses, gaskets and types of conveyor wheels and grommets. Furthermore, the flourishing construction and manufacturing sectors are also driving the market growth. These sectors extensively utilize industrial rubber and other related equipment, in which carbon black forms an integral part. Moreover, in the paints and coatings industry, it is used in jet black paints which act as a protective coating to various products. Apart from this, as the mixture of carbon black and cement results in an enhanced uniformity, surface hardness, tensile strength and compressive strength, there has been an increase in the demand for carbon black in the construction industry.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global carbon black market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, grade and application.

Breakup by Type:

Furnace Black
Channel Black
Thermal Black
Acetylene Black
Others

Breakup by Grade:

Standard Grade
Specialty Grade

Breakup by Application:

Tire
Non-Tire Rubber
Plastics
Inks and Coatings
Others

Breakup by Region:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the global carbon black market with some of the key players being Cabot Corporation, Thai Carbon Black Public Company Limited (Birla Carbon), Orion Engineered Carbons S.A., Phillips Carbon Black Limited, Tokai Carbon Co., Ltd., Omsk Carbon Group OOO, Jiangxi Black Cat Carbon Black Inc., Ltd., OCI Company Ltd., China Synthetic Rubber Corporation, SID Richardson Carbon & Energy Co., etc. Key Question Answered in this Report
1. What is the size of the global carbon black market?
2. What are the key factors driving the global carbon black market?
3. What has been the impact of COVID-19 on the global carbon black market?
4. What is the breakup of the global carbon black market based on the type?
5. What is the breakup of the global carbon black market based on the application?
6. What are the key regions in the global carbon black market?
7. Who are the key players/companies in the global carbon black market?