Carbon Black Market

Carbon Black Market Size by Process Type (Furnace Black, Thermal Black, Acetylene Black and Others), Grade (Standard Grade and Specialty Grade), Application (Tire, Inks and Toners, Plastics, Non-Tire Rubber and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13791
  • Published Date: Nov, 2023
  • Pages: 239
  • Category: Chemicals & Materials
  • Format: PDF
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The global carbon black market was valued at USD 24 billion in 2022 and grew at a CAGR of 4% from 2023 to 2032. The market is expected to reach USD 35.52 billion by 2032. The increasing demand for automobiles will drive the growth of the global carbon black market.

Market Introduction:

When coal tar, vegetable matter, or petroleum products such as fuel oil, fluid tar, and ethylene through incomplete burning with a restricted amount of air, it produces carbon black. Carbon black finds a range of applications across industries. It is primarily used to reinforce rubber in tyres. In tyres and other rubber goods, carbon black serves as a colourant and reinforcing filler. The tyres are black because of the stabilising agent, carbon black. It shields the tyres from UV ray damage, removes heat from automobile areas that typically heat up during driving, and increases tyre durability. It is also used extensively in plastic, printing, and coating applications. It is also used as a pigment and wear-protecting component in paints, plastics, and ink pigments. carbon black is a UV stabiliser. It is also a conductive or insulating agent which finds applications in the packaging industry. Carbon black is odourless. It has a high melting and boiling point. Additionally, it is anticipated to be utilised more frequently in the electronics and battery industries in the coming years.

Carbon Black Market Size

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Recent Development
  • The 36th Western Coatings Symposium and Show included several new sustainable carbon blacks for coatings from Orion S.A., a multinational speciality chemicals firm. Orion presented PRINTEX kappa 50 conductive carbon black and three new circular grades—two for tinting applications and one for high jetness—at WCS. XPB 10045 is Orion's first circular gas black designed for coatings systems. XPB 10045 works with all appropriate coating systems and is intended for high-jetness applications. Formulators will be able to produce more environmentally friendly coatings with qualities that are similar to those of standard speciality carbon blacks with this new circular grade. The first circular furnace blacks produced by Orion are XPB 10042 and XPB 10049 powders. With application qualities akin to those of the carbon blacks already in use, they provide the same benefits as the high-jetness black.

Market Dynamics:


The growth of the automotive industry The increasing demand for automobiles, given the rising disposable income of the growing population, will bode well for the market. The large number of market players offering a wide range of automobiles, along with the introduction of new models every year, will also augment the automotive sector's market growth. Carbon black is extensively used for manufacturing automobile tires, given its stabilizing and durable properties. Therefore, the growth of the automotive industry will facilitate the global carbon black market's growth.


The fluctuating raw material prices The rising geopolitical tensions, trade uncertainties leading to supply chain bottlenecks, economic crises and consistent trade wars between major economies hamper the market's growth as they directly impact the raw material prices in the carbon black market. The fluctuations in raw material prices impact the supply, demand and retail prices of carbon black-based materials, which leads to market uncertainty and limited growth.


The growth of the rubber industry the growth of building and construction, automotive, electronics, consumer goods, textiles, and aerospace industries has facilitated the growth of the rubber industry. Rising disposable income, growing population, increasing government infrastructural spending and private investment are attributed to the growth of these industries. These developments will positively impact the market's growth as carbon black is extensively used in rubber manufacturing. Therefore, the growing rubber industry will benefit the market's growth.

  • To reduce the usage of fossil raw materials and CO2 emissions, tyre producer Continental integrated recovered carbon black (rCB) into its recently created Super Elastic solid tyres at its tyre facility in Korbach, Germany. Because solid tyres like Continental's SC20+ have a high natural rubber composition, they already have about 60% recycled and renewable components in them. Continental wants all materials used in its tyres to be sustainable by the year 2050 at the latest. One of Continental's associate firms, Pyrum Innovations, provides the recovered carbon black. Pyrum uses a unique pyrolysis technique in industrial furnaces to disassemble end-of-life tyres into their parts. This enables the recovery and recycling of priceless raw elements from tyres nearing the end of their useful lives.
Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest market for the global carbon black market, with a 40% share of the market revenue in 2022.

The automobile industry of China is the biggest manufacturing sector in the world. It is also a significant contributor to the world consumer market of automobiles. India is also home to several automobile manufacturers and a growing population, with a rising disposable income driving the demand for automobiles. Furthermore, the region's population is also driving the demand for consumer goods, facilitating the market's growth as the demand for plastics rises.

Asia Pacific Region Carbon Black Market Share in 2022 - 40%

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  • The Indian Patent Office has notified PCBL that it has been awarded two patents. The company was awarded Patent No. IN444448 for an innovation entitled "Process for treatment of carbon black and oxidised carbon black obtained thereof." This patent relates to PCBL Limited's creative method of modifying speciality grade carbon black for coatings and inks. The invention "Surface-modified carbon black grades to improve performance of rubber compounds" has been granted a second patent. According to the company's exchange filing, this patent relates to the "innovative carbon black composition developed by PCBL Limited to improve fuel efficiency and tyre life."
Process Type Segment Analysis

The process type segment is divided into furnace black, thermal black, acetylene black and others. The furnace black segment dominated the market, with a market share of around 36% in 2022. When hydrocarbons are introduced into a regulated, high-velocity stream of combustion gases, they undergo a breakdown reaction, which results in the formation of carbon black and this process is called furnace black. Furnace Carbon Blacks are mostly used for inks. The primary size, surface, and structure of carbon black can be affected and varied during this production process. Therefore, there is a Furnace Carbon Black kind that is ideal for practically any application. The production of different grades of carbon black is made possible by the furnace black process's tremendous flexibility, making it more economical than alternative methods.

Grade Segment Analysis

The grade segment is divided into standard grade and speciality grade. The standard grade segment dominated the market, with a share of around 56% in 2022. Standard grade is economical to produce or manufacture. It is also extensively used across industries and, therefore, is high in demand.

Application Segment Analysis

The application segment is divided into tires, inks and toners, plastics, non-tire rubber and others. The tire segment dominated the market, with a market share of around 53% in 2022. Carbon black is primarily used in tires, given the numerous benefits it offers. Carbon black is a stabilising agent. The stabilizing property of carbon black makes it highly effective against oxidation, heat, and light changes, keeping the rubber from breaking, thereby retaining its quality and improving its life cycle. It is also commonly used as a reinforcement and colourant in tires.

  • Newly produced recovered carbon black from Scandinavian Enviro Systems has better dispersion qualities. The new variety of carbon black was created to satisfy the needs of the rubber and tyre industries. At Enviro's facility in Åsensbruk, Sweden, the novel form of carbon black has been manufactured for some time. It has since gained characteristics that improve its compatibility with other substances and materials used to produce rubber parts and tyres. With the new type of recovered carbon black's increased dispersion, it may be possible to make end products like rubber, tyres, plastics, and pigments with better and more consistent results. Over time, this enhancement may lead to a greater quantity of virgin carbon black being replaced by the new kind of recovered carbon black.
Some of the Key Market Players:
  • Birla Carbon
  • Bridgestone Corporation
  • Cabot Corporation
  • Continental Carbon Co.
  • Himadri Companies & Industries Ltd. (HCIL)
  • Mitsubishi Chemicals
  • Nippon Steel & Sumikin Chemical Co. Ltd.
  • OCI Company Ltd.
  • OMSK Carbon Group
  • Orion Engineered Carbons Holdings GmbH

Report Description: 

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 24 Billion
Market size value in 2032 USD 35.52 Billion
CAGR (2023 to 2032) 4%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East and Africa. Furthermore, the regions are further analyzed at the country level.
Segments Process Type, Grade and Application

Frequesntly Asked Questions

As per The Brainy Insights, the size of the global carbon black market was valued at USD 24 billion in 2022 to USD 35.52 billion by 2032.

Global carbon black market is growing at a CAGR of 4% during the forecast period 2023-2032.

The market's growth will be influenced by the growth of automotive industry.

The fluctuating raw material prices could hamper the market growth.

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This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global carbon black market based on below mentioned segments:

Global Carbon Black Market by Process Type:

  • Furnace Black
  • Thermal Black
  • Acetylene Black
  • Others

Global Carbon Black Market by Grade:

  • Standard Grade
  • Specialty Grade

Global Carbon Black Market by Application:

  • Tire
  • Inks and Toners
  • Plastics
  • Non-Tire Rubber
  • Others

Global Carbon Black Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


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