Report Code: CMI41820

Published Date: February 2024

Pages: 320+

Category: Chemicals And Materials

Report Snapshot

CAGR: 4.6%
13.5B
2022
14.9B
2023
40.5B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Cabot Corporation
  • Birla Carbon
  • Orion Engineered Carbons
  • Continental Carbon Company
  • Tokai Carbon Co. Ltd.
  • Others

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Reports Description

Global Carbon Black Market was valued at USD 14.9 Billion in 2023 and is expected to reach USD 40.5 Billion by 2032, at a CAGR of 4.6% during the forecast period 2023 – 2032.

Carbon black is a finely fragmented form of carbon that results from inadequate hydrocarbon combustion. It is employed as a filler that reinforces rubber goods, a pigment in inks and coatings, and a conductor or filler in a variety of other materials because of its enormous surface area and ability to conduct electricity.

Carbon Black Market: Growth Factors

Rising product demand for manufacturing of plastic goods

The increased demand for plastic products is a major driver of the carbon black industry. Carbon black is widely utilized as a reinforcing filler in the manufacturing of plastic goods because it improves mechanical qualities such as bending strength, resistance to abrasion, and longevity.

As worldwide demand for plastic goods increases in industries such as automobile packaging, construction, and consumer goods, so does demand for carbon black. Carbon black is prized for its ability to contribute colour and UV resistance to plastics, which makes it a necessary addition for obtaining desirable aesthetic and functional characteristics in plastic items.

With the growing emphasis on lightweight, high-performance polymers in a variety of applications, the demand for carbon black as a reinforcing agent.

For instance, In December 2023, China’s plastic product manufacturing increased significantly, reaching around 6.98 million tons. This represented a 2.8% year-on-year rise and a 4.2% month-on-month gain. Reflecting on the full year of 2023, the overall output of plastic goods was 74.89 million tons, representing a significant 3.0% increase over the previous year.

In this context, the phrase “plastic products” refers to a wide range of things made using a variety of methods, including extrusion, molding by injection, blow molding, plastic lamination, and others.

Surge in demand from rubber industries

Several reasons are driving expansion in the carbon black market, including rising demand from the tire, construction, and manufacturing industries. To begin, the tire sector is the greatest user of carbon black, which is used as a reinforcing filler to increase the durability, strength, and resistance to wear of rubber tires.

As vehicle manufacturing and demand for high-performance tires grow across the world, so does the need for carbon black. Carbon black is also utilized in the building and industrial industries as a pigment and reinforcing ingredient in goods including concrete, polymers, coatings, and sealants.

The increase in building infrastructure, urbanization, and manufacturing activity drives up demand for these applications.

For instance, Continental continues to increase its efforts to achieve a circular economy. The tire maker has integrated recovered carbon black (rCB) into its newly manufactured Super Elastic solid tires at its tire facility in Korbach, Germany, lowering the consumption of fossil raw materials and CO2 emissions.

Solid tires, such as Continental’s SC20+, typically comprise around 60% renewable and recycled materials due to their substantial natural rubber composition. Continental intends to employ 100% renewable resources in its tyre products by no later than 2050.

Carbon Black Market: Restraints

Emission of various harmful gases hinder market growth

The carbon black market has considerable threats from dangerous gas emissions such as carbon dioxide (CO2), sulfuric acid (SO2), oxides of nitrogen (NOx), and organic compounds that are volatile (VOCs). These gases are mostly produced by the partial combustion of fossil fuels in industrial operations, transportation, and power production.

High concentrations of these contaminants lead to ecological deterioration, such as air pollution, smog formation, and climate change. Stringent restrictions on the environment aimed at decreasing emissions to minimize these effects have a direct impact on enterprises that manufacture carbon black, which frequently rely on carbon-rich feedstocks as elevated processes.

Global Carbon Black Market 2023–2032 (By Grade)

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Carbon Black Market: Opportunities

Development of bio-based and recycled carbon black

The invention of bio-based and recycled carbon black has a huge influence on the carbon black industry since it addresses ecological issues and promotes sustainability. Bio-based carbon black is made from sustainable biomass, which reduces dependency on fossil fuels and lowers carbon emissions during manufacturing.

This attracts environmentally aware customers and businesses looking for greener choices. In addition, regenerated carbon black is made from post-consumer waste tires, diverting trash from landfills and lowering the environmental pollution.

The use of these alternative sources promotes circular economy concepts, increases resource efficiency, and reduces the carbon footprint of carbon black manufacturing. Moreover, as worldwide waste generation and disposal rules tighten, demand for bio-based and recycled carbon black is likely to increase, propelling market expansion.

For instance, Orion Engineered Carbons S.A., the world’s largest supplier of specialty and high-performance carbon black, revealed the commercial launch of ECORAX® Nature, a new family of products designed for rubber applications that use industrial-grade, plant-based oils as a renewable, non-fossil feedstock.

ECORAX® Nature 100 is the initial high reinforcing carbon black grade derived from renewable resources that may be utilized for vital tire tread construction.

Global Carbon Black Market 2023–2032 (By Process)

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Carbon Black Market: Segmentation Analysis

The global Carbon Black market is segmented by process, grade, application and region.  Based on the process, the market is classified into furnace black, channel black, acetylene black and lamp black.

Furnace black dominated the market in 2022 with a market share of 55% and is expected to keep its dominance during the forecast period 2024-2032. Furnace black is a major player in the carbon black industry due to its flexibility and wide variety of uses.

Generated by the partial burning of hydrocarbon in a furnace, it has outstanding reinforcement qualities, which make it a popular filler in rubber goods such as tires, conveyor belts, and automobile components.

Furnace black is also used as a pigment in inks, coatings, and plastics because it provides rich black coloration as well as UV protection. Its large surface area and permeability also make it useful in the production of batteries, electrodes, and conductive polymers.

Furthermore, rising tire demand, driven by increased vehicle production and infrastructure development, promotes the expansion of furnace black as a key ingredient in tire manufacture.

Based on grade, the market is classified into specialty grade and conductive grade. Specialty grade segment dominated the market in 2022 with a market share of 60% and is expected to keep its dominance during the forecast period 2024-2032.

Specialty grade carbon black is driving the carbon black market by meeting specific industrial requirements and applications. Compared to commodity-grade carbon black, specialty grades have improved features such as better purity, specified particle sizes, and customized surface chemistry, which makes them appropriate for sophisticated utilization in sectors such as automotive, electronics, and plastics.

Specialty grades are in high demand because of their capacity to increase end-product efficiency, reliability, and sustainability. For example, in the automobile industry, specialist carbon black is used to improve tire tread wear, fuel efficiency, and overall performance.

Additionally, in electronics, it acts as a conductivity additive in batteries, screens, and semiconductor devices. The customization of specialized grades to suit demanding standards of quality and legislative demands further drives its adoption.

Based on application, the market is classified into tires, coatings, plastics, printing inks and others. Tires segment dominated the market in 2022 with a market share of 45% and is expected to keep its dominance during the forecast period 2024-2032. Tires are a major driver of the carbon black industry because of the high need for reinforcing filling.

Carbon black improves the strength, durability, and wear resistance of tires, making them appropriate for a variety of driving circumstances. As the automobile sector expands, particularly in emerging nations, tire manufacturing rises, increasing demand for carbon black.

Furthermore, the move toward high-performance tires, which require greater carbon black percentages for enhanced grip and lifespan, is driving market expansion.

Furthermore, rigorous laws governing tire performance and fuel economy motivate tire producers to use high-quality carbon black formulas to satisfy requirements and improve product performance. As a result, tire manufacture remains a significant driver defining the carbon black industry.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 14.9 Billion
Projected Market Size in 2032 USD 40.5 Billion
Market Size in 2022 USD 13.5 Billion
CAGR Growth Rate 4.6% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Process, Grade, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Carbon Black Market: Regional Analysis

By region, Carbon Black market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. The Asia-Pacific dominated the global Carbon Black market in 2022 with a market share of 40% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.

Asia Pacific leads the carbon black market with rising industrialization, urbanization, and a booming automobile industry.

The region’s strong manufacturing base, particularly in China and India, requires large amounts of carbon black for tire manufacture, construction, and a variety of industrial processes.

Furthermore, rigorous environmental rules in advanced countries have resulted in the shift of carbon black production plants to Asia Pacific, where regulations may be less harsh, boosting market development. Furthermore, increased expenditures in infrastructure projects, such as road building and industrial growth, drive up demand for carbon black.

The region’s growing middle class and rising discretionary spending also increase demand for vehicles, boosting the demand for tires and, by extension, carbon black.

Global Carbon Black Market 2023–2032 (By Billion)

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Carbon Black Market: Recent Developments

  • In February 2022, Orion Engineered Carbons established a new carbon black manufacturing line in Italy with a 25-kiloton capacity for specialized and technical elastomer carbon black, primarily for the European market.
  • In June 2022, ADNOC Distribution embarked on a new carbon black supply arrangement with ADNOC, allowing the company to explore the carbon black market.
  • In September 2021, BASF released a range of new, reactive, and high-performance dispersion agents based on advanced polymer technology for automobile and industrial coatings, Efka® PX 4780, Efka® PX 4785, and Efka® PX 4787.

List of the prominent players in the Carbon Black Market:

  • Cabot Corporation
  • Birla Carbon
  • Orion Engineered Carbons
  • Continental Carbon Company
  • Tokai Carbon Co. Ltd.
  • Phillips Carbon Black Limited
  • Sid Richardson Carbon & Energy Co.
  • Mitsubishi Chemical Corporation
  • Jiangxi Black Cat Carbon Black Inc.
  • OCI Company Ltd.
  • Longxing Chemical Group
  • China Synthetic Rubber Corporation
  • Himadri Specialty Chemicals Ltd.
  • Omsk Carbon Group
  • Asahi Carbon Co. Ltd.
  • Ralson Carbon
  • Shandong Huadong Rubber Materials Co. Ltd.
  • Nippon Steel Chemical & Material Co. Ltd.
  • Suzhou Baohua Carbon Black Co. Ltd.
  • Jinneng Science & Technology Co. Ltd.
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Carbon Black Market is segmented as follows:

By Process

  • Furnace Black
  • Channel Black
  • Acetylene Black
  • Lamp Black

By Grade

  • Specialty Grade
  • Conductive Grade

By Application

  • Tires
  • Coatings
  • Plastics
  • Printing Inks
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Carbon Black Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Carbon Black Market: snapshot
  • Chapter 3. Global Carbon Black Market – Industry Analysis
    • 3.1 Carbon Black Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising product demand for manufacturing of plastic goods
      • 3.2.2 Surge in demand from rubber industries
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Process
      • 3.7.2 Market Attractiveness Analysis By Grade
      • 3.7.3 Market Attractiveness Analysis By Application
  • Chapter 4. Global Carbon Black Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Carbon Black Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Carbon Black Market – Process Analysis
    • 5.1 Global Carbon Black Market Overview: By Process
      • 5.1.1 Global Carbon Black Market Share, By Process, 2022 and – 2033
    • 5.2 Furnace Black
      • 5.2.1 Global Carbon Black Market by Furnace Black, 2024 – 2033 (USD Billion)
    • 5.3 Channel Black
      • 5.3.1 Global Carbon Black Market by Channel Black, 2024 – 2033 (USD Billion)
    • 5.4 Acetylene Black
      • 5.4.1 Global Carbon Black Market by Acetylene Black, 2024 – 2033 (USD Billion)
    • 5.5 Lamp Black
      • 5.5.1 Global Carbon Black Market by Lamp Black, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Carbon Black Market – Grade Analysis
    • 6.1 Global Carbon Black Market Overview: By Grade
      • 6.1.1 Global Carbon Black Market Share, By Grade, 2022 and – 2033
    • 6.2 Specialty Grade
      • 6.2.1 Global Carbon Black Market by Specialty Grade, 2024 – 2033 (USD Billion)
    • 6.3 Conductive Grade
      • 6.3.1 Global Carbon Black Market by Conductive Grade, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Carbon Black Market – Application Analysis
    • 7.1 Global Carbon Black Market Overview: By Application
      • 7.1.1 Global Carbon Black Market Share, By Application, 2022 and – 2033
    • 7.2 Tires
      • 7.2.1 Global Carbon Black Market by Tires, 2024 – 2033 (USD Billion)
    • 7.3 Coatings
      • 7.3.1 Global Carbon Black Market by Coatings, 2024 – 2033 (USD Billion)
    • 7.4 Plastics
      • 7.4.1 Global Carbon Black Market by Plastics, 2024 – 2033 (USD Billion)
    • 7.5 Printing Inks
      • 7.5.1 Global Carbon Black Market by Printing Inks, 2024 – 2033 (USD Billion)
    • 7.6 Others
      • 7.6.1 Global Carbon Black Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 8. Carbon Black Market – Regional Analysis
    • 8.1 Global Carbon Black Market Regional Overview
    • 8.2 Global Carbon Black Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Carbon Black Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Carbon Black Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Carbon Black Market, by Process, 2024 – 2033
      • 8.4.1 North America Carbon Black Market, by Process, 2024 – 2033 (USD Billion)
    • 8.5 North America Carbon Black Market, by Grade, 2024 – 2033
      • 8.5.1 North America Carbon Black Market, by Grade, 2024 – 2033 (USD Billion)
    • 8.6 North America Carbon Black Market, by Application, 2024 – 2033
      • 8.6.1 North America Carbon Black Market, by Application, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Carbon Black Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Carbon Black Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Carbon Black Market, by Process, 2024 – 2033
      • 8.8.1 Europe Carbon Black Market, by Process, 2024 – 2033 (USD Billion)
    • 8.9 Europe Carbon Black Market, by Grade, 2024 – 2033
      • 8.9.1 Europe Carbon Black Market, by Grade, 2024 – 2033 (USD Billion)
    • 8.10 Europe Carbon Black Market, by Application, 2024 – 2033
      • 8.10.1 Europe Carbon Black Market, by Application, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Carbon Black Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Carbon Black Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Carbon Black Market, by Process, 2024 – 2033
      • 8.12.1 Asia Pacific Carbon Black Market, by Process, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Carbon Black Market, by Grade, 2024 – 2033
      • 8.13.1 Asia Pacific Carbon Black Market, by Grade, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Carbon Black Market, by Application, 2024 – 2033
      • 8.14.1 Asia Pacific Carbon Black Market, by Application, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Carbon Black Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Carbon Black Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Carbon Black Market, by Process, 2024 – 2033
      • 8.16.1 Latin America Carbon Black Market, by Process, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Carbon Black Market, by Grade, 2024 – 2033
      • 8.17.1 Latin America Carbon Black Market, by Grade, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Carbon Black Market, by Application, 2024 – 2033
      • 8.18.1 Latin America Carbon Black Market, by Application, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Carbon Black Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Carbon Black Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Carbon Black Market, by Process, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Carbon Black Market, by Process, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Carbon Black Market, by Grade, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Carbon Black Market, by Grade, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Carbon Black Market, by Application, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Carbon Black Market, by Application, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Cabot Corporation
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Birla Carbon
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Orion Engineered Carbons
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Continental Carbon Company
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Tokai Carbon Co. Ltd.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Phillips Carbon Black Limited
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Sid Richardson Carbon & Energy Co.
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Mitsubishi Chemical Corporation
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Jiangxi Black Cat Carbon Black Inc.
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 OCI Company Ltd.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Longxing Chemical Group
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 China Synthetic Rubber Corporation
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Himadri Specialty Chemicals Ltd.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Omsk Carbon Group
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Asahi Carbon Co. Ltd.
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Ralson Carbon
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 Shandong Huadong Rubber Materials Co. Ltd.
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 Nippon Steel Chemical & Material Co. Ltd.
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 Suzhou Baohua Carbon Black Co. Ltd.
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 Jinneng Science & Technology Co. Ltd.
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Others.
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
List Of Figures

Figures No 1 to 27

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Cabot Corporation
  • Birla Carbon
  • Orion Engineered Carbons
  • Continental Carbon Company
  • Tokai Carbon Co. Ltd.
  • Phillips Carbon Black Limited
  • Sid Richardson Carbon & Energy Co.
  • Mitsubishi Chemical Corporation
  • Jiangxi Black Cat Carbon Black Inc.
  • OCI Company Ltd.
  • Longxing Chemical Group
  • China Synthetic Rubber Corporation
  • Himadri Specialty Chemicals Ltd.
  • Omsk Carbon Group
  • Asahi Carbon Co. Ltd.
  • Ralson Carbon
  • Shandong Huadong Rubber Materials Co. Ltd.
  • Nippon Steel Chemical & Material Co. Ltd.
  • Suzhou Baohua Carbon Black Co. Ltd.
  • Jinneng Science & Technology Co. Ltd.
  • Others

FAQs

The restraints of the Carbon Black market is emission of various harmful gases.

The major driver for the Carbon Black market is rising product demand for manufacturing of plastic goods and surge in demand from rubber industries.

The “Furnace Black” category dominated the market in 2022.

The key players in the market are Cabot Corporation, Birla Carbon, Orion Engineered Carbons, Continental Carbon Company, Tokai Carbon Co. Ltd., Phillips Carbon Black Limited, Sid Richardson Carbon & Energy Co., Mitsubishi Chemical Corporation, Jiangxi Black Cat Carbon Black Inc., OCI Company Ltd., Longxing Chemical Group, China Synthetic Rubber Corporation, Himadri Specialty Chemicals Ltd., Omsk Carbon Group, Asahi Carbon Co. Ltd., Ralson Carbon, Shandong Huadong Rubber Materials Co. Ltd., Nippon Steel Chemical & Material Co. Ltd., Suzhou Baohua Carbon Black Co. Ltd., Jinneng Science & Technology Co. Ltd., Others.

“Asia-Pacific” had the largest share in the Carbon Black Market.

The global market is projected to grow at a CAGR of 4.6% during the forecast period, 2023-2032.

The Carbon Black Market size was valued at USD 14.9 Billion in 2023.

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