PUBLISHER: Grand View Research | PRODUCT CODE: 1751244
PUBLISHER: Grand View Research | PRODUCT CODE: 1751244
The global specialty carbon black market size is expected to reach USD 5.40 billion by 2030, registering a CAGR of 10.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the increasing demand for the product as reinforcing agents, specifically in tires, among other applications. In addition, the growing use of the product in agricultural mulch film, refuse sacks, stretch wrap, and industrial bags is estimated to contribute to the market growth.
The global push toward electric vehicles (EVs) and renewable energy storage systems is creating a significant opportunity for specialty carbon black. The increasing demand for specialty carbon black, utilized as a conductive agent in lithium-ion battery electrodes and casings, is driven by the expansion of gigafactories and the growth of electric vehicle (EV) production.
The Asia Pacific region dominated the regional segment in 2024. This region's expansion can be attributed to rising plastic consumption in key end-use industries, such as construction, automotive, conductive polymers, and packaging. Increasing polymer production in China, India, and Southeast Asian countries, such as South Korea, Thailand, Malaysia, and Vietnam, is expected to be a key driver of regional market growth during the forecast period.