PUBLISHER: Roots Analysis | PRODUCT CODE: 1830061
PUBLISHER: Roots Analysis | PRODUCT CODE: 1830061
As per Roots Analysis, the global carbon black market size is estimated to grow from USD 20.93 billion in the current year USD 35.27 billion by 2035, at a CAGR of 4.86% during the forecast period, till 2035.
The opportunity for carbon black market has been distributed across the following segments:
Type of Process
Type of Grade
Type of Application
Type of Distribution Channel
Particle Size
Sustainability Profile
Geographical Regions
Carbon Black Market: Growth and Trends
Carbon black plays a vital role in the tire sector, as the production of vehicles rises, so does the demand for carbon black in tire production. Specifically, carbon black is a fine carbon powder generated through the incomplete burning of hydrocarbons and acts as a reinforcing agent that improves the reliability and performance of rubber products.
Carbon black finds applications across various industries, including automotive, aerospace, electronics, agriculture, and construction. Additionally, as the automotive and manufacturing sectors continue to grow, the demand for carbon black is anticipated to increase, underscoring its essential function in contemporary industrial applications.
The carbon black sector is in a state of constant evolution, propelled by innovations and technological progress. This change has facilitated the integration of carbon black into new sectors like batteries and renewable energy storage, demonstrating its adaptability and the industry's dedication to innovation. Moreover, the industry prioritizes sustainability, as evidenced by the emergence of sustainable carbon black and circular economy initiatives aimed at minimizing fossil fuel usage. Owing to the above-mentioned factors, the carbon black market is expected to grow significantly during the forecast period.
Carbon Black Market: Key Segments
Based on type of process, the global carbon black market is segmented into acetylene black, furnace black, thermal black and others. According to our estimates, currently, the furnace black segment captures the majority of the market share. Further, this segment is projected to experience the highest CAGR during the forecast period. This is due to its cost-effectiveness and versatility in various applications, especially within the tire and rubber sectors.
Based on type of grade, the global carbon black market is segmented into specialty grade and standard grade. According to our estimates, currently, the standard grade segment captures the majority of the market share. This is due to its extensive application in manufacturing general-purpose rubber items such as tires, hoses, and belts.
However, the specialty grade segment is expected to grow at a higher CAGR during the forecast period. Key factors contributing to its growth include rising demand for advanced materials, the expansion of significant industries, and innovations within established markets.
Based on type of application, the global carbon black market is segmented into inks & toners, non-tire rubber, plastics, tire and others. According to our estimates, currently, the tire segment captures the majority of the market share. This can be attributed to the dependence on carbon black, along with the rapid expansion of the automotive sector globally, particularly in developing countries.
However, the plastics segment is expected to grow at a higher CAGR during the forecast period. Key factors contributing to its growth include rising demand for advanced materials, the expansion of significant industries, and innovations within established markets.
Based on type of distribution channel, the global carbon black market is segmented into direct sales, distributors and retailers. According to our estimates, currently, the distributors segment captures the majority of the market share.
Further, this segment is projected to experience the highest CAGR during the forecast period. This can be attributed to their capacity to manage substantial quantities of carbon black and offer extensive market coverage, alongside the growing industrial demand for effective supply chain solutions.
Based on particle size, the global carbon black market is segmented into nano-sized, micro-sized, macro-sized. According to our estimates, currently, the macro-sized segment captures the majority of the market share. Further, this segment is projected to experience the highest CAGR during the forecast period. This growth can be attributed to their application in the tire industry and the expected expansion in the automotive and construction industries.
Based on sustainability profile, the global carbon black market is segmented into bio-derived carbon black, conventional carbon black, fully recycled carbon black, low carbon footprint carbon black and partially recycled carbon black. According to our estimates, currently, the conventional carbon black segment captures the majority of the market share. This is due to several factors such as a well-established supply chain, widespread usage across different industries, and cost-effective manufacturing.
However, the bio-derived carbon black segment is expected to grow at a higher CAGR during the forecast period, owing to the changing consumer preferences, regulatory backing for environmentally friendly materials.
Based on geographical regions, the carbon black market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, Asia captures the majority share of the market. Additionally, it is projected to experience a higher CAGR during the forecast period. The primary factors contributing to this leadership include increasing production and demand for carbon black and its application in various industrial sectors, especially in countries such as China and India.
Carbon Black Market: Research Coverage
The report on the carbon black market features insights on various sections, including:
Key Questions Answered in this Report
Reasons to Buy this Report
Additional Benefits