According to the recent study the global Carbon Black Market is projected to reach an estimated $36 billion by 2030 from $23 billion in 2023 at a CAGR of 7% from 2023 to 2030. Growth in this market has witnessed significant growth in recent years, driven by the increasing demand from end-use industries and the expansion of automotive and construction sectors worldwide. Carbon black is primarily used as reinforcing filler in rubber products, enhancing their strength, durability, and resistance to wear. Additionally, it finds applications in plastics, coatings, and inks due to its excellent UV resistance and color properties.
Browse 127 figures/charts
and 120 tables in this 254-page report to understand trends, opportunities and
forecast in global carbon black market by application (tire rubber, non-tire
rubber, plastics, ink, coating, and others), end use industry (transportation,
industrial, building and construction, printing and packaging, and others),
grade (commodity carbon black and specialty carbon black), function
(reinforcement, coloring, conductivity, UV protection, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel predicts that
carbon black for tire rubber will remain the largest application segment over
the forecast period, supported by increasing demand for passenger cars and
light commercial vehicles.
Transportation will
remain the largest end use industry during the forecast period, supported by
increasing demand for tire and mechanical rubber goods.
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Carbon Black Market.
Asia Pacific will remain
the largest region by value and volume, and it is also expected to witness the
highest growth over the forecast period, driven by higher vehicle production
and shift of tire production to low-cost countries, such as India and China.
Birla Carbon, Cabot
Corporation, Orion Engineered Carbons Holdings, OMSK Carbon Group, Tokai
Carbon, Denka Company, Himadri Specialty Chemical, Imerys, Continental Carbon are
the major suppliers in the carbon black market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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