Carbon Black Market Growth, Trends, Size, Share, Demand, Industry Analysis, Key Player profile, Regional Outlook and Research Analysis by 2023

Market Research Future Has Published a Cooked Research Report on the Global Carbon Black Market - Forecast to 2023

Market Analysis:

The Global Carbon Black Market is predicted to touch USD 17,230.4 Billion at a 4.59% CAGR over the forecast period (2015-2023), states the new Market Research Future (MRFR) report. Carbon Black, simply put, is a rubber-reinforcing additive that is used in various rubber products. In comparison to other colorants, it has higher coloring power, thus is used as an ink-jet toner, printing newspapers, and other similar uses. Carbon Black is also utilized as a pigment for coating electric wires, car fenders, heat-molded plastics, and other products. Owing to its excellent conductive properties, carbon black is also used as a component for semiconductors and magnetic tapes.

Various factors are propelling the Carbon Black Market Growth. These factors, as stated by the latest MRFR report, include increasing use in the production of plastics, rising use of plastics in electronic and electrical components, increase in the refurbishment of automobiles, thriving tire industry, and demand as a pigment in plastics, coatings, and other industries.

On the contrary, volatility in costs of raw materials, presence of carcinogenic content that causes respiratory discomfort and risk of lung cancer, and availability of alternatives such as silica are factors that may impede the Carbon Black Market growth over the forecast period.

Key Players:

Leading Players profiled in the Carbon Black Market report include Jiangxi Black Cat Carbon Black Inc., Ltd, Suzhou Baohua Carbon Black Co., Ltd., Hebei Daguangming Juwuba Carbon Black Co. Ltd., Shijiazhuang Xinxing Chemical Carbon Co. Ltd., NIPPON STEEL & SUMIKIN CHEMICAL CO., LTD., Shandong Huadong Rubber Materials Co., Ltd., Kremenchug Carbon Black Plant, Sid Richardson Carbon and Energy Co. Ltd., ChemChina, Himadri Speciality Chemical Ltd., JINNENG, Longxing Chemical, Tokai Carbon Co., Ltd., Phillips Carbon Black Ltd., Orion Engineered Carbons, OCI COMPANY Ltd., Cabot Corporation, and Mitsubishi Chemical Corporation.  

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June 2019: Orion Engineered Carbons SA, leading supplier of high performance and specialty carbon black will soon expand their production capacity for Gas Blacks in Germany.

Market Segmentation:

The MRFR Report Provides a complete Segmental Analysis of the Carbon Black Market report based on Process Type, Function, and End Use.

Based on Process Type, the Carbon Black Market is segmented into acetylene black, thermal black, channel black, furnace black, and others. Of these, the furnace black segment will have the largest share in the market over the forecast period. Furnace black is widely used as its manufacturing technique allows mass production with various particle structures and sizes. Moreover, it is also used in different applications, including coloring and rubber reinforcement.

Based on Function, the Carbon Black Market is segmented into pigments and reinforcement.

Based on End Use, the Carbon Black Market is segmented into plastics, inks, paints and coatings, non-tire, tire, and others. Of these, the tire segment will dominate the market over the forecast period. Carbon Black is widely utilized in tire manufacturing as a filler and strengthening agent. It is also used in sidewalls, treads, inner liners, and carcasses using various types resting on definite performance needs.

Regional Analysis:

By Region, the Carbon Black Market Report covers the latest trends and growth opportunities across North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa. Of these, the APAC region will dominate the market over the forecast period. It is predicted to touch USD 9,242.0 million by 2023. Factors aiding growth in the region include healthy growth of end users in the region, elevated penetration in different end use industries, constant industrialization, and swift urbanization. Moreover, the policymakers in China, India, and South Korea are making good investments for expanding their commercial and residential infrastructure, which is boosting the market growth.

The Global Carbon Black Market in North America is predicted to have favorable growth over the forecast period. Factors aiding growth in the region include growing demand for personal cars, increased production of rubber goods and tire in the region, and the presence of leading end use industries, especially in the US.

The Carbon Black Market in Europe is predicted to have a significant share in the market over the forecast period. Germany is the key contributor in this region due to increased automotive production.

The Carbon Black Market in Latin America and the Middle East and Africa is predicted to have a steady growth over the forecast period.

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Carbon Black Market Manufacturers, Types, Regions and Applications Research Report Forecast to 2023

The Global Carbon Black Market has been witnessing significant growth year after year. The market is predominantly driven by the vast consumption in major end-use industries such as tire, paints & coatings, and plastics. Moreover, rising usage of Carbon Black in tire manufacturing and widening application scope of Carbon Black in plastics and paints & coatings applications escalate the market on the global platform.

According to Market Research Future (MRFR), the Carbon Black Market is poised to touch a valuation of USD 17.23 BN by the end of 2023. In its recently published analysis, MRFR also asserts that the market would register a CAGR over 4.59% throughout the review period (2017 – 2023). Increased demand from the burgeoning end-use industries such as automotive and aerospace is a key driving force behind the growth of the market.

The tire manufacturing sector is one of the largest end-users of Carbon Black. The tire market has been witnessing an increasing production over the last few years, which defines the growing market landscape. Additionally, increasing investments in the tire & rubber making industry and substantial growth in the automotive and construction sectors substantiate the growth of the market.

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On the other hand, changing regulations are posing challenges to the growth of the market, reducing usages and Carbon Black and increasing silica instead as a reinforcing agent in tire manufacturing. However, bolstering automotive aftermarket and construction sector in emerging economies would support the market growth, offering several growth opportunities.

Global Carbon Black Market – Competitive Analysis

Highly competitive, the Carbon Black Market appears fragmented with the presence of several well-established players. The market will witness fierce competition due to the expected extensions in product & service and product innovations. To increase their market share, innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players. The market competition is expected to further intensify with the high investments getting transpired during the forecast period.

Major Player:

Players Leading the Global Carbon Black Market include Cabot Corporation, Mitsubishi Chemical Corporation, OCI COMPANY Ltd., Phillips Carbon Black Ltd., Orion Engineered Carbons, Tokai Carbon Co., Ltd., JINNENG, Longxing Chemical, Himadri Speciality Chemical Ltd., Sid Richardson Carbon and Energy Co. Ltd., ChemChina, Kremenchug Carbon Black Plant, Nippon Steel & Sumikin Chemical Co., Ltd., Shandong Huadong Rubber Materials Co., Ltd., Shijiazhuang Xinxing Chemical Carbon Co. Ltd., Suzhou Baohua Carbon Black Co., Ltd., Hebei Daguangming Juwuba Carbon Black Co. Ltd., and Jiangxi Black Cat Carbon Black Inc., Ltd., among others.

Industry/ Innovations/ Related News

August 13, 2019 - Cabot Corporation (the US), a specialty chemicals and performance materials company announced feedstock surcharge for carbon black products produced in North America. The company confirms that the surcharge is a result of new low sulfur fuel regulations. A surcharge of $0.07/pound will be implemented for all specialty carbon black products orders shipped on or after Sept.16, 2019, or as customer contracts allow.

Cabot had acquired Chinese carbon black manufacturing company NSCC Carbon (Jiangsu) Co. Ltd.in October 2018. The deal included a three-year-old carbon black production facility in Pizhou, China, with the production capacity of 50,000 metric tons per year. At the time of purchase Cabot has said that it has plans to spend about USD 50 MN between 2019-2020 to bring the plant up to speed. The bolt-on acquisition was intended to support Cabot's specialty carbons product line within its performance chemicals segment.

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Global Carbon Black Market – Segments

The report is segmented into four market dynamics to widen the scope of understanding,

By Process Type: Channel Black, Furnace Black, Thermal Black, and Acetylene Black, among others.

By End-use: Tire, Non-tire, Paints & Coatings, Inks, and Plastics, among others.

By Function: Reinforcement and Pigments, among others.

By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.

Global Carbon Black Market – Regional Analysis

The Asia Pacific region leads the Global Carbon Black Market with the largest market share. This region is estimated to retain its dominance throughout the forecast period, reaching USD 9,242.0 MN by the end of 2023. The market is majorly driven by the rapid urbanization, industrialization, and robust growth in the key end-user industries that promote high penetration of the Carbon Black.

Countries such as India, China, South Korea, and Japan account for the major contributors to the regional market growth due to their substantially large tire markets. Policymakers in major economies such as China, India, South Korea, and ASEAN countries are investing hugely to improve their residential and commercial infrastructure, which, in turn, impact the growth of the regional market.

The Carbon Black Market in the North American region takes the second lead, following the APAC market closely. Heading with its expanding automotive sector, the region is expected to create a substantial revenue pocket. Moreover, factors such as the high consumption potential, increasing production capacities, and the well-developed economy are positively affecting the growth of the regional market.

Strict regulatory framework, high technology adoption rate, and spurting growth in paints & coatings application are factors fostering the market growth in the region. The US and Canada are among major contributors in the regional market growth and are expected to witness tremendous growth during the review period.

The European Carbon Black Market has emerged as a profitable market globally. The increasing expenditure in innovation and growing purchasing power of consumers led by the resurging economy in the region is predicted to increase the demand for carbon black. Germany heading with its massive automotive production dominates the regional market.

Spain, Germany, and the UK have also emerged as the regional consumer market due to growing end-use industries and the involvement of new technologies & inventions in Carbon Black. Driven by the augmenting demand from end-use industries such as automobiles, printing, and construction, the region is predicted to grow at considerable CAGR during the review period.

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Carbon Black Market Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2023

Overview:

The upsurge in specialty application is encouraging favorable growth in the Carbon Black Market Globally. Reports that gauge the Basic Chemicals Industry have been made available by Market Research Future, which creates reports on several industry verticals that review the market growth and prospects. The market is poised to achieve incomes worth USD 17,230.4 Million in 2023 while expanding at a CAGR of 4.59 % in the forecast period.

The upgrade in manufacturing facilities producing Carbon Black is expected to influence the Carbon Black Market in the approaching period. The increased potential of application of Carbon Black in plastics, paints, and coatings is anticipated to create promising opportunities for development in the forecast period. The escalated use of Carbon Black in sectors such as automotive and aerospace particularly is estimated to expand the market size of the Carbon Black Market in the forecast period.

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Competitive Analysis:

Amplified investment in the market is likely to motivate the positive changes in the market in the forecast period. The decrease in trade restrictions is anticipated to create favorable opportunities for development in the forecast period. Strong insights into the market’s condition is motivating the expansion of the forecast period. The offering in the market has also diversified considerably ensuring availability of better-quality products in the market. The emergence of specialization in production has also increasingly improved the growth trajectory of the market. The efficiencies achieved in the allocation of resources is expected to encourage the development of the market in the approaching period. Moreover, increased cost efficiencies are projected to positively impact the progress of the market in the coming years. The presence of favorable trade policies is anticipated to improve the growth of the market in the impending period.

The principal competitors in the Carbon Black Market are Cabot Corporation, OCI Company Ltd., Orion Engineered Carbons, Mitsubishi Chemical Corporation, Phillips Carbon Black Ltd., Shandong Huadong Rubber Materials Co., Ltd., Longxing Chemical, Tokai Carbon Co., Ltd., JINNENG, ChemChina, Sid Richardson Carbon and Energy Co. Ltd. to name a few.

Segmental Analysis:

The analysis of the segments in the Carbon Black Market has been carried out based on Function, Process Type, Application, and Region.

Based on the Process Type, the Carbon Black Market comprises of furnace black, channel black, thermal black, acetylene black. The furnace black segment accounted for the principal market share in 2017 and is expected to develop at the highest CAGR to record a market size of USD 10.42 billion by 2023.

Based on the Function, the Carbon Black Market is segmented into reinforcement and pigments. The reinforcement segment is projected to control an 81.14% portion of the market in 2017. This is primarily accredited to the benefits presented by carbon black reinforcements to the substrate material, particularly rubber.

By Application, the Carbon Black Market is segmented into plastics, tire, paints & coatings, non-tire, inks, and others. The tire segment is governing the market with the principal share of the carbon black market and is anticipated to flourish with a healthy CAGR during the forecast period.

Based on the Region, the Carbon Black Market is segmented into the Middle East, Asia Pacific, Europe, Latin America, Africa, and North America.

Detailed Regional Analysis:

The Regional Assessment of the Carbon Black Market includes regions such as the Middle East, Asia Pacific, Europe, Latin America, Africa, and North America. The Asia Pacific region is controlling the prime share of the market. This region is projected to touch USD 9,242.0 million by the end of 2023. The major nations in this regional market are China, South Korea, India, and Japan. The growth trajectory of this region is primarily attributed to the swift urbanization and constant industrialization, elevated penetration of the product in several end-use industries, and healthy growth of key end users in this market. Furthermore, the policymakers of the key economies in the region, such as South Korea, India, China, and ASEAN countries are making enormous investments to expand their residential and commercial infrastructure. The North American region is following the Asia Pacific region, in terms of market size, wherein the U.S is controlling a major stake of the market. The European region is another significant region in this market in which Germany is governing the market share owing to increased automotive production. The African, Middle East, and Latin American region are projected to develop at a moderate CAGR throughout the forecast period.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Carbon Black Market Global Analysis 2019, Research News, Industry Review, Applications and Forecast to 2023

Market Insights:

According to the new market report published by Market Research Future Reports, the Global Carbon Black Market looks promising with opportunities as it is registering a growth of 4.59% CAGR from 2017 to 2023 while estimating the market valuation of USD 17.23 billion by value till 2023. Such an immense growth of the market owes to the demand from the major end-use industries such as tire, paints & coatings, and plastics. Also, this growth trajectory is mainly attributed to the rising usage of Carbon Black in manufacturing of tire, widening application in plastics and paints & coatings, and increased demand from various end-use industries such as automotive and aerospace.

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Key Players:

Mitsubishi Chemical Corporation, Cabot Corporation, OCI Company Ltd., Orion Engineered Carbons, Phillips Carbon Black Ltd., Tokai Carbon Co., Ltd., Longxing Chemical, JINNENG, Himadri Speciality Chemical Ltd., ChemChina, Sid Richardson Carbon and Energy Co. Ltd., Kremenchug Carbon Black Plant, Shandong Huadong Rubber Materials Co., Ltd., NIPPON STEEL & SUMIKIN CHEMICAL CO., LTD., Shijiazhuang Xinxing Chemical Carbon Co. Ltd., Hebei Daguangming Juwuba Carbon Black Co. Ltd., Suzhou Baohua Carbon Black Co., Ltd., and Jiangxi Black Cat Carbon Black Inc., Ltd. are some of the market players.

Global Carbon Black Market: Drivers & Trends

In the coming years, the Global Carbon Black Market is proliferating owing to factors such as increasing tire production on account of mounting transportation industry is driving the product demand tremendously. Carbon Black is a highly synchronized industry as the manufacturing process is considered harmful due to toxic emissions, which have unpleasant effects on the environment and health. The factors are inevitably taking the market of Carbon Black towards positive way and promise to lead during the forecast period.

Moreover, many major companies are focusing on robust research & development activities to develop new manufacturing techniques to reduce harmful emissions. Also, some rigorous regulations to control emissions are expected to play a significant role in driving the Global Carbon Black Market Growth in tremendous ways.

Even the major emerging countries in the Asia Pacific region have been observed to be the significant contributors to the robust growth of the market mainly attributed to the increasing investment in tire and rubber making industry, and massive growth of the automotive and construction industries. However, the Global Carbon Black Market is somehow challenged by changing regulations which results in the replacement of Carbon Black in tire manufacturing.

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Nevertheless, bolstering automotive aftermarket and construction sector in emerging regions worldwide is posing as an important opportunity for further growth of the market.

Global Carbon Black Market Segmentation

According to the research, MRFR’s report offers a comprehensive segmental analysis of the global market for Carbon Black based on Process Type, Function, and End-User.

By the Mode of Process Type, the market includes Furnace Black Channel Black, Thermal Black, Acetylene Black, and others.

By the Mode of Function, the market includes Reinforcement and Pigments.

By mode of End-User, the market includes Tire, Non-Tire, Paints & Coatings, Inks, Plastics, and others.

Regional Outlook:

According to the reports, the Global Carbon Black Market has covered major regions of North America, Asia Pacific (APAC), The Middle East & Africa (MEA) and Latin America.

Among them, Asia Pacific stays with the largest region by value, and it is also likely to observe the highest growth over the estimated period owing to higher vehicle production, and stable domestic & exports demand tires. Popular demand for Carbon Black comes from China and India, due to the expansion of the tire manufacturing industry and construction sector in these countries.

Whereas, the Global Carbon Black Market in North America witnessed a hold back in 2017, with less production volume and low demand from the tire industry in the region. However, with the time, it grew at a higher pace owing to the emerging construction sector. Also, North America is projected to witness a moderate rise with the demand for specialty-grade carbon black. This is likely to increase the Carbon Black Market during the forecast period.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Carbon Black Market | Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2023

Carbon Black Market – Market Overview

The Global Carbon Black Market is growing with the rapid pace; mainly due to the growing inks and paints industries. According to a recent study report published by the Market Research Future, the global market of Carbon Black is prospering and expected to gain influence over the forecast period. The market is estimated to demonstrate a remarkable growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

Globally, the market for Carbon Black is driven by the region Asia Pacific, owing to extensive use of furnace black in various applications such as electrical & electronics, rubber reinforcement process, and others. Carbon Black is utilized in tires and printing inks, and other end-uses to impart abrasion coupled with mechanical strength to the final product. Moreover, furnace black and thermal black are the widely used processes to manufacture the product in the market.

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Increasing demand for the product as a pigment in inner liners, carcasses, sidewalls, and treads signifies the growth of rubber & tires industries. Moreover, growing consumption of high performance products in moulded and extruded industrial rubber products, such as belts, hoses, gaskets, diaphragms, vibration isolation devices, bushings, air springs, chassis bumpers, and multiple types of pads, boots, wiper blades, fascia, conveyor wheels, and grommets, provide boost to the Carbon Black Market Growth.

On the other hand, increasing consumer preference towards digital media and volatile emissions generated by the product are estimated to hinder the market growth.

Carbon Black is extensively used in a wide range of applications such as conductive packaging, films, fibers, mouldings, pipes, semi-conductive cable compounds, and others to provide abrasion resistance and superior performance to the final product. It is also used in photographic containers, agriculture, to impart cost-effective, extended life and high quality to the products. The inks & paints sector has observed a higher growth in the market due to extensive use of product in abrasion applications because it is flexible for the machine and add UV resistance to the final product. Additionally, the growing demand for the product and its boundless use in end-use industries have resulted into a significant growth in the market over the last couple of years.

Carbon Black Market   - Regional Analysis

Geographically, Asia Pacific region is leading the Global Carbon Black Market. China holds the major portion in the region owing to rapid urbanization coupled with technology resulting into a surge in demand for the product in end-use industries. Increasing consumption for Carbon Black in tires, rubbers, paints and inks, and automotive has boosted the market demand in Japan, and India. North America has witnessed a significant growth owing to increasing consumption of abrasion resistant materials in packaging, rubber and other sectors. A remarkable growth has been witnessed by the European region due to rise in demand for the product in inks & paints, and other sectors. Additionally, growing research & development activities of the product and increasing mergers & acquisitions amongst the leading companies are projected to grow at a higher CAGR in Europe over the forecast period. 

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Carbon Black Market- Competitive Landscape

The Carbon Black Market appears to be competitive with the presence of several large and small players operating in manufacturing and development of product. These key players compete with each other’s on the basis of quality, price, production and innovation. Carbon Black Market is set to grow at a significant rate which is likely to attract many newcomers to the market resulting into strong competition in the future. Manufacturers operating in the Carbon Black Market are striving to respond to the growing demand for the product from tires, rubbers, paints and inks, automotive and other sectors attributed to expansion of production facility and infrastructure development in major sectors. They ensure to deliver the best quality products based on innovative technologies, and best practices.

Industry/ Innovation/ Related News:

June 19, 2015 – Cabot Corporation (U.S.), one of the prominent producers of carbon black, announced that the company has developed low polycyclic aromatic hydrocarbon (PAH) carbon black products for rubber applications. These product are expected to meet the regulations and norms regarding the PAH content of the product. The three products that are developed are SPHERON® SO-LP carbon black, SPHERON® 4000-LP carbon black, and VULCAN® 6-LP carbon black. They are also known for excellent abrasion resistance and extrusion properties. With the introduction of these products, the company aims to strengthen its carbon black business across the globe.

December 7, 2017 – Orion Engineered Carbons SA (Luxembourg), one of the leading manufacturers of carbon black, announced that the company has completed the construction of a new production line in Yeosu, South Korea to manufacture speciality products. One of the sources of the company also declared that the completion of this project is set to drive the market on a large scale due to growing demand of product from automotive coatings, engineered plastics, printing inks and adhesives & sealants sectors.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Carbon Black Market | Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2023

Global Carbon Black Market research report project that the Carbon Black Market is likely to register a healthy CAGR of ~4.59% during the review period from 2017 to 2023 and is estimated attain a market size of USD 17.23 billion by value till 2023.The market is has witnessed yet another significant year with robust growth during 2016-2017 due to revived demand from the major end-use industries such as tire, paints & coatings, and plastics. This growth trajectory is primarily attributed to rising usage of carbon black in tire manufacturing, widening application scope of Carbon Black in plastics and paints & coatings, and increased demand from various end-use industries such as automotive and aerospace.

The tire manufacturing application is the largest consumer of the product, which has been dominating the demand for the product from the last few years. Major emerging countries in Asia Pacific region are the major contributors to the robust growth of the market such as China, India, South Korea, and Brazil. This is mainly attributed to the increasing investment in tire and rubber making industry, and substantial growth of the automotive and construction industries. However, the market is challenged by changing regulations resulting in replacement of Carbon Black with silica as a reinforcing agent in tire manufacturing. Nevertheless, bolstering automotive aftermarket and construction sector in emerging economies is posing as an important opportunity for further growth of the market.

Players Covered:

Mitsubishi Chemical Corporation, Cabot Corporation, OCI COMPANY Ltd., Orion Engineered Carbons, Phillips Carbon Black Ltd., Tokai Carbon Co., Ltd., Longxing Chemical, JINNENG, Himadri Speciality Chemical Ltd., ChemChina, Sid Richardson Carbon and Energy Co. Ltd., Kremenchug Carbon Black Plant, Shandong Huadong Rubber Materials Co., Ltd., NIPPON STEEL & SUMIKIN CHEMICAL CO., LTD., Shijiazhuang Xinxing Chemical Carbon Co. Ltd., Hebei Daguangming Juwuba Carbon Black Co. Ltd., Suzhou Baohua Carbon Black Co., Ltd., and Jiangxi Black Cat Carbon Black Inc., Ltd. are some of the market players.

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The report offers insights on the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives.

Report Overview:

The report provides in-depth information on the recent market scenario, historical market trends, and correlations between the market dynamics and forecasts. The market size report covers both the parameters of the market, i.e., market by value and volume. Along with market size, the study segments the Carbon Black Market based on process type, function, end-use, and region, delivering actionable insights. This section helps the report users to identify the segments that are highly lucrative and capitalize on growth opportunities while minimizing risks. The report also explores market dynamics such as drivers, trends, opportunities, and restraints, impacting the growth of the market segments. The section also sheds light on the key micro and macroeconomic factors influencing the growth of the market.

The market by process type is segmented into furnace black, channel black, thermal black, acetylene black, and others. Furthermore, the estimation of the market for the function segment is done through the reinforcement and pigments. The end use taken into consideration in this market includes tire, non-tire, paints & coatings, inks, plastics, and others. All the segments and sub-segments are profiled under five major geographies: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, with the respective country-level market sizes. For the scope of the research, the definition of the product “Carbon Black Market” is also included in the report. The report discusses the current and future prospects of the market and delivers an unbias growth assessment.

Research Methodology:

MRFR applied an innovative and fail-safe research methodology to compile this market research report. Statistical conclusions drawn in the report are the result of an exhaustive investigation and analysis of the key market elements. A multi-level data collection procedure, which includes both primary and secondary research inputs ensures the delivery of an impactful intelligence. To support the statistical findings and projections, full-scale industry extensive primary research was conducted to gain a deeper insight of the market and industry performance. Primary research includes surveys and interviews with the key personnel from the manufacturers/ supplier (VPs, CEOs, Marketing Directors, Business Development Managers and others) in the market. Additionally, the primary data collected from manufacturers is verified with the primary research information collected from distributors, wholesalers, and end users. Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and commercial study of the Carbon Black Market.

The market size estimation was done using both Top-down and bottom-up approach to estimate market values and volumes for respective segments and countries. Other than this, the market sizes were also calculated based on black carbon consumption by the end-user industry and market share analysis of the most competitive players in the market. Revenue and demand forecasting were done through historical analogy, weighted moving average, time series analysis, panel consensus, and exponential smoothening methods. MRFR is committed to providing market data that is highly relevant and factually correct and helping stakeholders to develop cohesive growth strategies.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Carbon Black Market 2019 | Global Size, Segments, Growth and Trends by Forecast to 2023

Market Overview

Global sales of Carbon Black have witnessed higher growth as the demand for tire and rubber manufacturing continues to reach new heights in major emerging markets across the globe. According to the study conducted by Market Research Future (MRFR), the Global Carbon Black Market is set to expand at a robust CAGR of 4.59% over the forecast period (2017-2023). The demand for the product in advanced economies has been observed to reach a maturity level. The countries such as China, India, South Korea, and Brazil have emerged as the new growth avenues for major industry players. The substantial boost to construction activities in recent years, particularly in Asia Pacific, Latin America, and the Middle East is expected to fuel the growth of the market during the years to follow.

The protuberant factor favoring the growth of the Global Carbon Black Market is the surging the use of Carbon Black in tire manufacturing and rubber reinforcement. Additionally, widening application scope for Carbon Black in rapidly emerging industries such as plastics and paints & coatings is likely to propel the market growth. Moreover, the increased demand in major end-use industries such as automotive and aerospace is anticipated to fuel demand for the product during the forecast period. However, the major bottleneck in the growth trajectory of the market is that the market is challenged with the changing regulations resulting in replacement of Carbon Black with silica as a reinforcing agent in tire manufacturing. Nevertheless, bolstering automotive aftermarket & construction sector in emerging economies is posing as an important opportunity for further growth of the market.

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Global Market for Carbon Black: Competitive Dashboard

Some of the key players profiled in the report include Mitsubishi Chemical Corporation, Cabot Corporation, OCI COMPANY Ltd., Orion Engineered Carbons, Phillips Carbon Black Ltd., Tokai Carbon Co., Ltd., Longxing Chemical, JINNENG, Himadri Speciality Chemical Ltd., ChemChina, Sid Richardson Carbon and Energy Co. Ltd., Kremenchug Carbon Black Plant, Shandong Huadong Rubber Materials Co., Ltd., NIPPON STEEL & SUMIKIN CHEMICAL CO., LTD., Shijiazhuang Xinxing Chemical Carbon Co. Ltd., Hebei Daguangming Juwuba Carbon Black Co. Ltd., Suzhou Baohua Carbon Black Co., Ltd., and Jiangxi Black Cat Carbon Black Inc., Ltd.

Global Market for Carbon Black: Segmental Analysis

MRFR’s report offers a detailed segmental analysis of the market based on process Type, Function, End-Use, and Region. By Process Type, the market is segregated into furnace black, channel black, thermal black, acetylene black, and others. Among them, the furnace black segment dominated the market with 81.14% share of the market and is projected to retain its dominance throughout the review period. By Function, the market is divided into reinforcement and pigments. In 2017, the reinforcement segment was valued at USD 11,329.3 million and is projected to maintain a healthy growth rate during the forecast period. By End-Use, the market is bifurcated into tire, non-tire, paints & coatings, inks, plastics, and others. The tire segment, among them, is estimated to remain dominant towards the end of the assessment period.

Regional Outlook:

On the basis of Region, the global market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Asia Pacific accounted for the largest market share in 2017, and the region is most likely to remain dominant during the years to follow. This is due to the high demand for the product from leading end-use industries such as tire making, rubber, plastics, and ink in this region. Moreover, changing lifestyle, rising standards of living, and increasing disposable income have enhanced dynamism of major emerging economies in this region such as India, South Korea, China, and ASEAN countries. North America and Europe are expected to be other substantial growth pockets in the global Carbon Black Market during the assessment period. Both the regions collectively account for over 35% share of the global market. The Middle East & Africa and Latin America are also important regions in this market, which are growing at moderate CAGR and are expected to gain momentum during the forecast period.

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Carbon Black Market 2017 – Challenges, Key Vendors, Drivers and Trends by Forecast 2023

Carbon Black is composed of fine particles produced by thermal decomposition of oils or gases. The particle size, shape and structure decide the characteristics of Carbon Black. It has excellent mechanical properties and abrasion resistance. Owing to these features, it is used in various applications such as polymers, inks and paints, tires, electrical & electronics, and others. Moreover, it is predicted that the global market is set to expand at a higher rate during the forecast period.

Market Segmentation:
The Global Carbon Black Market is segmented into type and application. By type, the market is further categorized into furnace black, thermal black, acetylene black, and lampblack. Among these, the furnace black and the thermal black segments are widely used in the market due to its growing demand in heavy end industries. They are used as a pigment in rubber reinforcement process.  It is predicted that the Carbon Black Market is set to grow at a higher CAGR due to its growing consumption in the heavy end use industries. The Applications segment is further categorized into polymers, inks and paints, tires, and electrical & electronics industries. Between these, the inks and paints segment is estimated to hold the major share in the market during the forecast period.

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Segmental Analysis:
The Global Carbon Black Market is spanned across five key regions in the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is estimated to hold the major share in the market during the forecast period due to its growing consumption of carbon black in major industries such as inks & paints, electrical & electronics, and others. The European region is predicted to witness a rapid growth in the market due to growing usage of the furnace black in the rubber and tires industries. The Carbon Black Market is predicted to observe a significant growth due to its growing popularity of thermal black segment in the polymer industry. The Middle East & Africa is estimated to observe a rapid growth in the market due to its increasing consumption of acetylene black in electrical & electronics industries. A significant growth is predicted in the Latin American region due to growing production of carbon black for aviation, automotive, electrical & electronics industries.

Competitive Analysis:
Some of the major players operating in the Global Carbon Black Market: Cabot Corporation (U.S.), Thai Carbon Black Public Company Limited (Thailand), Orion Engineered Carbons SA (Luxembourg), Jiangxi Black Cat Carbon Black Inc., Ltd. (China), China Synthetic Rubber Corporation (China), Phillips Carbon Black Limited (India), Tokai Carbon Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), and Aditya Birla Group (India) among others.

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Key Points from Table of Contents:

Table of Contents:

1    Executive Summary

2    Scope of the Report

3    Market Research Methodology

4    Market Landscape

5    Industry Overview of Global Carbon Black Market

6    Market Trends

7. Global Carbon Black Market By Process

8. Global Carbon Black Market By Application

9. Global Carbon Black Market By Grade

10. Global Carbon Black Market By Region

11. Company Landscape

12. Company Profiles

12.1      Cabot Corporation
12.1.1    Company Overview
12.1.2    Product/Business Segment Overview
12.1.3    Financial Updates
12.1.4    Key Developments

12.2      Thai Carbon Black Public Company Limited
12.2.1    Company Overview
12.2.2    Product/Business Segment Overview
12.2.3    Financial Updates
12.2.4    Key Developments

12.3      Orion Engineered Carbons SA
12.3.1    Company Overview
12.3.2    Product/Business Segment Overview
12.3.3    Financial Updates
12.3.4    Key Developments

12.4      Mitsubishi Chemical Corporation
12.4.1    Company Overview
12.4.2    Product/Business Segment Overview
12.4.3    Financial Updates
12.4.4    Key Developments

Continue…

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