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Carbon Black Market Trends

  • Report ID: GMI3551
  • Published Date: Nov 2024
  • Report Format: PDF

Carbon Black Market Trends

Key sectors such as tires, rubber goods, and coatings are driving notable trends in the industry. In the tire industry, rising automotive demand—especially in emerging economies—has increased the need for carbon black. This material strengthens tires and improves their durability and wear resistance. Additionally, there is a growing focus on eco-friendly and specialized types of carbon black to boost fuel efficiency and reduce emissions.
 

In the coatings sector, carbon black is used more for pigmentation and UV protection, particularly in construction materials that need to withstand weather conditions. The coatings market is also moving towards high-performance, sustainable solutions, driven by stricter environmental regulations and new technologies.
 

Technological advancements are driving expansion in the market by enabling the creation of high-performance and eco-friendly products. Innovations like bio-based carbon black and advanced manufacturing processes are reducing carbon footprints and meeting global sustainability goals. These improved production methods are also enhancing product quality, offering better dispersion and conductivity, which benefit tire manufacturing and energy storage systems. Future trends show a growing focus on specialty carbon black grades for coatings and polymers, driven by the demand for better UV resistance and electrical properties. The rise in electric vehicles and renewable energy systems will further increase demand.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global carbon black industry was valued at USD 20.4 billion in 2024 and is estimated to grow at a CAGR of over 6.1% from 2025 to 2034, driven by rising demand for passenger vehicles.

The furnace black segment was valued at USD 14.8 billion in 2024 and is anticipated to expand at a 6.2% CAGR during 2025-2034 due to its cost-effective high yields and enhanced control over particle characteristics.

The U.S. carbon black market was valued at USD 3.3 billion in 2024 and is expected to grow at a 6% CAGR, driven by increased automotive sales and vehicle production.

Key players in the industry include Birla Carbon, Bridgestone Corp, BTR New Material Group, Cabot Corp, Continental Carbon Company, GrafTech International, HEG, Lianyungang Jinli Carbon, Orion Engineered Carbons, and OCI Company.

Carbon Black Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 14
  • Tables & Figures: 165
  • Countries covered: 18
  • Pages: 235
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