Carbon Black Market is Expected to Reach US$ 14.5 Billion by 2024 – IMARC Group

Global Carbon Black Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Carbon Black Market Overview: According to the latest report by IMARC Group, titled “Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global carbon clack market size reached US$ 11.7 Billion in 2018. Carbon black is one of the top fifty industrial chemicals that are manufactured worldwide. It is the commercial form of solid carbon which is produced under extremely controlled processed. The specifically engineered aggregates of carbon particles obtained from these procedures may vary in size, porosity, particle size, shape, and surface chemistry. Typically, carbon black consists of more than 95% pure carbon with nominal quantities of hydrogen, nitrogen and oxygen. The utilization of carbon black can range from the electric conductive agent for hightechnology materials to black coloring pigment in newspaper inks. At present, the market is witnessing positive growth on account of wide-scale use of carbon black as rubber reinforcement in tires.

Carbon Black Market Trends Over the past few years, there has been a rise in the demand foe specialty-grade carbon black, which has encouraged manufacturers to expand their production capacities and further invest in introducing sustainable manufacturing process.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

In Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Other than this, Germany-based general contractor, MMEC Mannesmann and Black Bear, a Dutch recovered carbon black manufactures, have entered into a strategic partnership to launch a tested technology will help in satisfying the escalating demand for rCB while having a sustainable impact on the emerging issue of tire waste, Attributing to the aforementioned factors, the global carbon black market size is projected to reach US$ 14.5 Billion by 2024, at an anticipated CAGR of around 3.6% during 2019-2024.

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For instance, Phillips Carbon Black Limited, an Indian carbon blacks and specialty blacks. Besides, the company is investing in enhancing technical capabilities for the development of new grades for nonrubber and rubber applications. Furthermore, Birla Carbon Spain has invested an amount of nearly EUR 5 Million for introducing energy-efficient and sustainable projects and increasing its production capacity from 80,000 tons to 95,000 tons per year.

Market Segmentation by Product Type • • • • •

Furnace Black Channel Black Thermal Black Acetylene Black Others

On the basis of the type, the market has been segmented into furnace, channel, thermal and acetylene black.

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Report Description Market Segmentation by Grade • •

Standard Grade Specialty Grade

The report has analyzed the market according to the grade, which mainly includes standard and specialty grade.

Market Segmentation by Application • • • • •

Tire Non-Tire Rubber Plastics Inks and Coatings Others

Based on the application, the market has been segregated as tire, non-tire rubber, plastics, and inks and coatings.

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Report Description Market Segmentation by Region • • • • •

Asia Pacific Europe North America Middle East and Africa Latin America

On a regional basis, the market is divided into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • •

Cabot Corporation Thai Carbon Black Public Company Limited (Birla Carbon) Orion Engineered Carbons S.A.

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Report Description • • • • • • •

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.

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