Middle East and Africa Carbon Black Market, By Process Type ; By Grade ; By Application ; By Country (Middle East and Africa ), Trend Analysis, Competitive Landscape & Forecast, 2019-2030

List of Tables

Middle East and Africa Carbon Black Market Size Grows at Steady CAGR of 3.03% to Reach USD 530 Million by 2030

Middle East and Africa Carbon Black Market is flourishing due to an increasingly high demand for carbon black from thriving automotive tire sector, urbanization and infrastructure development, and rising disposable income.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa Carbon Black Market size at USD 430 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Middle East and Africa Carbon Black Market size to expand at a CAGR of 3.03% reaching a value of USD 530 million by 2030. The Middle East and Africa Carbon Black Market is propelled by the utilization of carbon black across diverse industries, notably in paints and coatings, as well as the tire and rubber sectors. To capitalize on revenue opportunities in developing nations, companies in the carbon black market prioritize product innovations. The surging demand for carbon black in the automotive sector emerges as a key driver steering the growth trajectory of the Middle East and Africa Carbon Black Market over the forecast period. Another driving force is the increasing adoption of electric and self-driving cars which presents a noteworthy growth opportunity. The Middle East and Africa Carbon Black Market is also expected to experience growth driven by the rising demand for specialty carbon black and its applications in the fiber and textile industries throughout the forecast period.

Opportunities - Focus on specialty grades

Specialty carbon black, recognized as pigment black, exhibits superior purity with minimal ash, sulfur, and contaminants. Particularly, in industrialized regions like the United States, the market for specialty carbon black is rapidly expanding, compensating for the slower growth in traditional carbon black demand. Distinguished by its enhanced conductivity, viscosity, and UV-protection, specialty carbon black is gaining prominence across various applications, excluding rubber, where substantial growth is anticipated in the coming years. The surge in demand for specialty black is notably expected in sectors, such as printing and plastic inks. Leading carbon black manufacturers are augmenting production capacities and modifying their conventional manufacturing lines to meet the escalating demand for specialized carbon black. Concurrently, investments in research and development facilities offer these companies a strategic advantage in the competitive specialty carbon black market.

Impact of Geopolitical Tensions on Middle East and Africa Carbon Black Market

The Middle East and Africa Carbon Black Market is impacted by geopolitical tensions in several ways. Escalating geopolitical tensions in the region manifest in disruptions across the supply chain, particularly in the access to vital raw materials, such as oil and natural gas, essential for carbon black production. The imposition of trade restrictions and tariffs, a common consequence of geopolitical conflicts, further complicates the export-import dynamics of carbon black, affecting market accessibility and cost considerations in the MEA region. The economic uncertainties stemming from geopolitical instability can lead to a downturn in investments and consumer spending, subsequently slowing industrial activities and diminishing the demand for carbon black in manufacturing processes. Currency fluctuations arising from geopolitical tensions pose challenges to the cost competitiveness of MEA-based carbon black producers in the global market. The investment climate, crucial for industry growth, may suffer as political instability deters foreign investments, hindering the development of production facilities and technological advancements. Additionally, given the energy-intensive nature of carbon black production, fluctuations in energy prices resulting from geopolitical tensions can exacerbate production costs. Disruptions in infrastructure and transportation networks may impede the distribution of carbon black, presenting challenges in ensuring timely deliveries. In essence, the intricate interplay of these factors underscores the necessity for companies in the MEA Carbon Black Market to closely monitor geopolitical developments and adeptly adjust strategies to navigate the associated challenges.

Middle East and Africa Carbon Black Market

Segmental Information

Middle East and Africa Carbon Black Market - By Application

On the basis of application, the Middle East and Africa Carbon Black Market is divided into Tire, Non-Tire Rubber, Inks & Toners, and Plastics segments. The tire segment holds the highest share in the Middle East and Africa Carbon Black Market by application. Its crucial role as a filler and reinforcing material in car tires enhances mechanical and dynamic qualities. Used extensively in various rubber formulas, carbon black contributes to tailored performance attributes in tires, particularly in inner liners, sidewalls, and carcasses. Its addition to rubber composites delivers benefits such as heat dissipation, improved handling, tread wear, and enhanced fuel economy.

Middle East and Africa Carbon Black Market - By Country

The in-depth research report on the Middle East and Africa Carbon Black Market covers the market in the region's major countries including Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. Saudi Arabia holds the highest market share and is expected to maintain its dominance throughout the forecast period. The Kingdom's dominance is expected to persist over the forecast period, driven by key sectors like the tire, plastics, paints, and coatings industries. With an escalating demand for tires, companies, such as Kumho Tire, have announced plans to establish tire manufacturing plants, addressing the absence of such facilities in the country. The Saudi-South Korean Business Forum led to the partnership between Kumho Tire and Blatco, aiming for a manufacturing capacity of a trillion tires annually, slated to commence production in Q3 2023. The surge in automotive sales further propels the consumption of these tires, with popular brands like Toyota, Hyundai, and Mazda dominating the market. In addition to the tire industry, carbon black plays a pivotal role in plastics production, aligning with Saudi Arabia's substantial investments in the sector, contributing significantly to total industrial investments. The paints and coatings industry also thrives, driven by major manufacturers like Jotun, Jajeera Paints, AkzoNobel NV, Sigma Coatings, and National Paints Factories.

Competitive Landscape

The Middle East and Africa Carbon Black Market is fragmented, with numerous players serving the market. The key players dominating the Middle East and Africa Carbon Black Market include Alexandria Carbon Black Company, Abu Zaabal Company for Speciality Chemicals, Himan Investment Group, Iran Carbon, Iran Carbon Black Company, Abu Dhabi National Oil Company, and Sabic. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the Middle East and Africa Carbon Black Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle East and Africa Carbon Black Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC24128

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Middle East and Africa Carbon Black Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Driver
  - 3.2.1.1. Growing automotive tire sector
  - 3.2.1.2. Urbanization and infrastructure development
  - 3.2.1.3. Rising disposable income
- 3.2.2. Restraints
  - 3.2.2.1. Price sensitivity
  - 3.2.2.2. Fluctuations in oil prices
- 3.2.3. Opportunities
  - 3.2.3.1. Investment in research and development
  - 3.2.3.2. Focus on specialty grades
- 3.2.4. Challenges
  - 3.2.4.1. Infrastructure limitations
  - 3.2.4.2. Skilled workforce shortage
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Middle East and Africa Carbon Black Market: Marketing Strategies

5. Middle East and Africa Carbon Black Market Overview

5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Million)
5.2. Market Share and Forecast
- 5.2.1. By Process Type
  - 5.2.1.1. Furnace Black
  - 5.2.1.2. Thermal Black
  - 5.2.1.3. Acetylene Black
  - 5.2.1.4. Others
- 5.2.2. By Grade
  - 5.2.2.1. Standard Grade
  - 5.2.2.2. Specialty Grade
- 5.2.3. By Application
  - 5.2.3.1. Tire
  - 5.2.3.2. Non-Tire Rubber
  - 5.2.3.3. Inks & Toners
  - 5.2.3.4. Plastics
  - 5.2.3.5. Others
- 5.2.4. By Country
  - 5.2.4.1. Saudi Arabia
  - 5.2.4.2. UAE
  - 5.2.4.3. Qatar
  - 5.2.4.4. Kuwait
  - 5.2.4.5. South Africa
  - 5.2.4.6. Nigeria
  - 5.2.4.7. Algeria
  - 5.2.4.8. Rest of MEA

6. Saudi Arabia Carbon Black Market

6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Process Type
- 6.2.2. By Grade
- 6.2.3. By Application

7. UAE Carbon Black Market

7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Process Type
- 7.2.2. By Grade
- 7.2.3. By Application

8. Qatar Carbon Black Market

8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Process Type
- 8.2.2. By Grade
- 8.2.3. By Application

9. Kuwait Carbon Black Market

9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Process Type
- 9.2.2. By Grade
- 9.2.3. By Application

10. South Africa Carbon Black Market

10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
- 10.2.1. By Process Type
- 10.2.2. By Grade
- 10.2.3. By Application

11. Nigeria Carbon Black Market

11.1. Market Size & Forecast, 2019-2030
- 11.1.1. By Value (USD Million)
11.2. Market Share & Forecast
- 11.2.1. By Process Type
- 11.2.2. By Grade
- 11.2.3. By Application

12. Algeria Carbon Black Market

12.1. Market Size & Forecast, 2019-2030
- 12.1.1. By Value (USD Million)
12.2. Market Share & Forecast
- 12.2.1. By Process Type
- 12.2.2. By Grade
- 12.2.3. By Application

13. Rest of MEA Carbon Black Market

13.1. Market Size & Forecast, 2019-2030
- 13.1.1. By Value (USD Million)
13.2. Market Share & Forecast
- 13.2.1. By Process Type
- 13.2.2. By Grade
- 13.2.3. By Application

14. Competitive Landscape

14.1. List of Key Players and Their Offerings
14.2. Middle East and Africa Carbon Black Market Share Analysis, 2023
14.3. Competitive Benchmarking, By Operating Parameters
14.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

15. Impact of Escalating Geopolitical Tensions on Middle East and Africa Carbon Black Market

16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

16.1. Alexandria Carbon Black Company
16.2. Abu Zaabal Company for Speciality Chemicals
16.3. Himan Investment Group
16.4. Iran Carbon
16.5. Iran Carbon Black Company
16.6. Abu Dhabi National Oil Company
16.7. Sabic
16.8. Other Prominent Players

17. Key Strategic Recommendations

18. Research Methodology

18.1. Qualitative Research
- 18.1.1. Primary & Secondary Research
18.2. Quantitative Research
18.3. Market Breakdown & Data Triangulation
- 18.3.1. Secondary Research
- 18.3.2. Primary Research
18.4. Breakdown of Primary Research Respondents, By Region
18.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

Product Code: BWC24128

List of Figures

Figure 1 Middle East and Africa Carbon Black Market Segmentation
Figure 2 Middle East and Africa Carbon Black Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Middle East and Africa Carbon Black Market Size, By Value (USD Million), 2019-2030
Figure 5 Middle East and Africa Carbon Black Market Share, By Process Type, By Value, 2019-2030
Figure 6 Middle East and Africa Carbon Black Market Share, By Grade, By Value, 2019-2030
Figure 7 Middle East and Africa Carbon Black Market Share, By Application, By Value, 2019-2030
Figure 8 Middle East and Africa Carbon Black Market Share, By Country, By Value, 2019-2030
Figure 9 Saudi Arabia Carbon Black Market Size, By Value (USD Million), 2019-2030
Figure 10 Saudi Arabia Carbon Black Market Share, By Process Type, By Value, 2019-2030
Figure 11 Saudi Arabia Carbon Black Market Share, By Grade, By Value, 2019-2030
Figure 12 Saudi Arabia Carbon Black Market Share, By Application, By Value, 2019-2030
Figure 13 UAE Carbon Black Market Size, By Value (USD Million), 2019-2030
Figure 14 UAE Carbon Black Market Share, By Process Type, By Value, 2019-2030
Figure 15 UAE Carbon Black Market Share, By Grade, By Value, 2019-2030
Figure 16 UAE Carbon Black Market Share, By Application, By Value, 2019-2030
Figure 17 Qatar Carbon Black Market Size, By Value (USD Million), 2019-2030
Figure 18 Qatar Carbon Black Market Share, By Process Type, By Value, 2019-2030
Figure 19 Qatar Carbon Black Market Share, By Grade, By Value, 2019-2030
Figure 20 Qatar Carbon Black Market Share, By Application, By Value, 2019-2030
Figure 21 Kuwait Carbon Black Market Size, By Value (USD Million), 2019-2030
Figure 22 Kuwait Carbon Black Market Share, By Process Type, By Value, 2019-2030
Figure 23 Kuwait Carbon Black Market Share, By Grade, By Value, 2019-2030
Figure 24 Kuwait Carbon Black Market Share, By Application, By Value, 2019-2030
Figure 25 South Africa Carbon Black Market Size, By Value (USD Million), 2019-2030
Figure 26 South Africa Carbon Black Market Share, By Process Type, By Value, 2019-2030
Figure 27 South Africa Carbon Black Market Share, By Grade, By Value, 2019-2030
Figure 28 South Africa Carbon Black Market Share, By Application, By Value, 2019-2030
Figure 29 Nigeria Carbon Black Market Size, By Value (USD Million), 2019-2030
Figure 30 Nigeria Carbon Black Market Share, By Process Type, By Value, 2019-2030
Figure 31 Nigeria Carbon Black Market Share, By Grade, By Value, 2019-2030
Figure 32 Nigeria Carbon Black Market Share, By Application, By Value, 2019-2030
Figure 33 Algeria Carbon Black Market Size, By Value (USD Million), 2019-2030
Figure 34 Algeria Carbon Black Market Share, By Process Type, By Value, 2019-2030
Figure 35 Algeria Carbon Black Market Share, By Grade, By Value, 2019-2030
Figure 36 Algeria Carbon Black Market Share, By Application, By Value, 2019-2030
Figure 37 Rest of MEA Carbon Black Market Size, By Value (USD Million), 2019-2030
Figure 38 Rest of MEA Carbon Black Market Share, By Process Type, By Value, 2019-2030
Figure 39 Rest of MEA Carbon Black Market Share, By Grade, By Value, 2019-2030
Figure 40 Rest of MEA Carbon Black Market Share, By Application, By Value, 2019-2030

List of Tables

Table 1 Middle East and Africa Carbon Black Market Size, By Value (USD Million), 2019-2030
Table 2 Middle East and Africa Carbon Black Market Share, By Process Type, By Value, 2019-2030
Table 3 Middle East and Africa Carbon Black Market Share, By Grade, By Value, 2019-2030
Table 4 Middle East and Africa Carbon Black Market Share, By Application, By Value, 2019-2030
Table 5 Middle East and Africa Carbon Black Market Share, By Country, By Value, 2019-2030
Table 6 Saudi Arabia Carbon Black Market Size, By Value (USD Million), 2019-2030
Table 7 Saudi Arabia Carbon Black Market Share, By Process Type, By Value, 2019-2030
Table 8 Saudi Arabia Carbon Black Market Share, By Grade, By Value, 2019-2030
Table 9 Saudi Arabia Carbon Black Market Share, By Application, By Value, 2019-2030
Table 10 UAE Carbon Black Market Size, By Value (USD Million), 2019-2030
Table 11 UAE Carbon Black Market Share, By Process Type, By Value, 2019-2030
Table 12 UAE Carbon Black Market Share, By Grade, By Value, 2019-2030
Table 13 UAE Carbon Black Market Share, By Application, By Value, 2019-2030
Table 14 Qatar Carbon Black Market Size, By Value (USD Million), 2019-2030
Table 15 Qatar Carbon Black Market Share, By Process Type, By Value, 2019-2030
Table 16 Qatar Carbon Black Market Share, By Grade, By Value, 2019-2030
Table 17 Qatar Carbon Black Market Share, By Application, By Value, 2019-2030
Table 18 Kuwait Carbon Black Market Size, By Value (USD Million), 2019-2030
Table 19 Kuwait Carbon Black Market Share, By Process Type, By Value, 2019-2030
Table 20 Kuwait Carbon Black Market Share, By Grade, By Value, 2019-2030
Table 21 Kuwait Carbon Black Market Share, By Application, By Value, 2019-2030
Table 22 South Africa Carbon Black Market Size, By Value (USD Million), 2019-2030
Table 23 South Africa Carbon Black Market Share, By Process Type, By Value, 2019-2030
Table 24 South Africa Carbon Black Market Share, By Grade, By Value, 2019-2030
Table 25 South Africa Carbon Black Market Share, By Application, By Value, 2019-2030
Table 26 Nigeria Carbon Black Market Size, By Value (USD Million), 2019-2030
Table 27 Nigeria Carbon Black Market Share, By Process Type, By Value, 2019-2030
Table 28 Nigeria Carbon Black Market Share, By Grade, By Value, 2019-2030
Table 29 Nigeria Carbon Black Market Share, By Application, By Value, 2019-2030
Table 30 Algeria Carbon Black Market Size, By Value (USD Million), 2019-2030
Table 31 Algeria Carbon Black Market Share, By Process Type, By Value, 2019-2030
Table 32 Algeria Carbon Black Market Share, By Grade, By Value, 2019-2030
Table 33 Algeria Carbon Black Market Share, By Application, By Value, 2019-2030
Table 34 Rest of MEA Carbon Black Market Size, By Value (USD Million), 2019-2030
Table 35 Rest of MEA Carbon Black Market Share, By Process Type, By Value, 2019-2030
Table 36 Rest of MEA Carbon Black Market Share, By Grade, By Value, 2019-2030
Table 37 Rest of MEA Carbon Black Market Share, By Application, By Value, 2019-2030
Table 38 Alexandria Carbon Black Company Overview
Table 39 Alexandria Carbon Black Company Financial Overview
Table 40 Abu Zaabal Company for Speciality Chemicals Company Overview
Table 41 Abu Zaabal Company for Speciality Chemicals Financial Overview
Table 42 Himan Investment Group Company Overview
Table 43 Himan Investment Group Financial Overview
Table 44 Iran Carbon Company Overview
Table 45 Iran Carbon Financial Overview
Table 46 Iran Carbon Black Company Overview
Table 47 Iran Carbon Black Company Financial Overview
Table 48 Abu Dhabi National Oil Company Overview
Table 49 Abu Dhabi National Oil Company Financial Overview
Table 50 Sabic Company Overview
Table 51 Sabic Financial Overview
Table 52 Other Prominent Players Company Overview
Table 53 Other Prominent Players Financial Overview

Middle East and Africa Carbon Black Market, By Process Type ; By Grade ; By Application ; By Country (Middle East and Africa ), Trend Analysis, Competitive Landscape & Forecast, 2019-2030

Description

Table of Contents

List of Tables

Table of Contents

1. Research Framework

2. Executive Summary

3. Middle East and Africa Carbon Black Market Insights

4. Middle East and Africa Carbon Black Market: Marketing Strategies

5. Middle East and Africa Carbon Black Market Overview

6. Saudi Arabia Carbon Black Market

7. UAE Carbon Black Market

8. Qatar Carbon Black Market

9. Kuwait Carbon Black Market

10. South Africa Carbon Black Market

11. Nigeria Carbon Black Market

12. Algeria Carbon Black Market

13. Rest of MEA Carbon Black Market

14. Competitive Landscape

15. Impact of Escalating Geopolitical Tensions on Middle East and Africa Carbon Black Market

16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

17. Key Strategic Recommendations

18. Research Methodology

List of Figures

List of Tables