PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628173
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1628173
Carbon Black Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 to 2034
The Global Carbon Black Market, valued at USD 20.4 billion in 2024, is projected to grow at a CAGR of 6.1% between 2025 and 2034. Carbon black is a critical material widely used in the automotive industry, particularly as a filler to enhance tire performance. Its properties improve tensile strength, abrasion resistance, and durability, vital for extending tire lifespan. The rising production of passenger vehicles is significantly boosting the demand for carbon black globally.
Despite its extensive industrial applications, health and environmental concerns related to carbon black pose challenges to market growth. Prolonged exposure has been linked to severe health issues, including cardiovascular diseases and cancer. Additionally, carbon black contributes to climate change by absorbing light and converting it into heat, intensifying global warming.
The furnace black segment, which dominated the market with a valuation of USD 14.8 billion in 2024, is expected to grow at a CAGR of 6.2% during the forecast period. This method is popular due to its cost efficiency and ability to produce high yields using readily available raw materials like coal, oil, and petroleum. Manufacturers also prefer furnace black for its precision in controlling particle characteristics such as size and structure, making it ideal for various industrial applications.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $20.4 Billion |
| Forecast Value | $36.9 Billion |
| CAGR | 6.1% |
The N-550 segment held a market value of USD 7.4 billion in 2024 and is anticipated to grow at a 6.1% CAGR through 2034. Known for its low structure and medium activity, the N-550 is favored for its superior processability, reduced heat build-up, and enhanced fatigue life. These features make it a preferred choice in producing body compounds for tires and other rubber products.
In the polymers segment, valued at USD 1.6 billion in 2024, carbon black is essential for its UV absorption and electrostatic discharge properties. Its use in polyethylene, polypropylene, and polystyrene protects materials from degradation and improves thermal insulation, supporting its growing demand in the polymer industry.
The U.S. market, worth USD 3.3 billion in 2024, is witnessing robust growth driven by increased automotive production and rising demand for durable tires. Leading companies are investing in innovative technologies to reduce emissions and expand production to cater to the growing need for high-performance products. Additionally, the construction sector's demand for UV-resistant materials further supports market expansion, positioning carbon black as a vital component across diverse industries.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021-2034
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Key news & initiatives
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Rising tire demand
- 3.6.1.2 Increasing market penetration
- 3.6.1.3 Increasing demand for mechanical rubber goods (MRG)
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 Stringent regulatory environment regarding usage and exposure
- 3.6.1 Growth drivers
- 3.7 Growth potential analysis
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Process, 2021-2034 (USD Billion) (Kilo Tons)
- 5.1 Key trends
- 5.2 Furnace black
- 5.3 Thermal black
- 5.4 Acetylene black
- 5.5 Lamp black
- 5.6 Channel black
Chapter 6 Market Estimates & Forecast, By Grade, 2021-2034 (USD Billion) (Kilo Tons)
- 6.1 Key trends
- 6.2 N-550
- 6.3 N-660
- 6.4 N-762
- 6.5 N-772
- 6.6 N-774
- 6.7 N-990
- 6.8 N-991
- 6.9 Others
Chapter 7 Market Estimates & Forecast, By Application, 2021-2034 (USD Billion) (Kilo Tons)
- 7.1 Key trends
- 7.2 Graphite manufacturing
- 7.3 Tires & rubber goods
- 7.4 Coatings
- 7.5 Polymers
- 7.6 Printing
- 7.7 Electronics
Chapter 8 Market Estimates & Forecast, By Region, 2021-2034 (USD Billion) (Kilo Tons)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
Chapter 9 Company Profiles
- 9.1 Birla Carbon
- 9.2 Bridgestone Corp
- 9.3 BTR New Material Group
- 9.4 Cabot Corp
- 9.5 Continental Carbon Company
- 9.6 GrafTech International
- 9.7 HEG
- 9.8 Lianyungang Jinli Carbon
- 9.9 Orion Engineered Carbons
- 9.10 OCI Company
- 9.11 Phillips Carbon Black
- 9.12 Showa Denko K. K
- 9.13 Syrah Resources
- 9.14 Tokai Carbon
