The global Carbon Black market reached a volume of about 14.56 MMT in 2021. The industry is projected to grow at a CAGR of around 4.4% in the forecast period of 2022-2027 to reach a volume of about 18.85 MMT by 2027.
The global Carbon Black industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The rising demand for the product from a wide range of industries, including rubber reinforcement, paints and coatings, and plastics, is driving the industry. In the industry report, the key demand indicator is the highest category spender by region— Asia Pacific.
Carbon black (or acetylene black, channel black, furnace black, lamp black, or thermal black) results from incomplete combustion of heavy petroleum products such as fluid catalytic cracking tar, coal tar, ethylene cracking tar, or vegetable matter. It is made up of tiny particles that are mostly carbon. It is employed as reinforcing agents in automobile tyres and other rubber products and entirely black pigments with high hiding power in the printing ink, paint, and carbon paper. The Carbon Black industry report comprises segments by application (Rubber (Tire), Rubber (Non-Tire), Plastics, Inks, Coatings, Others) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
The Asia Pacific region holds the largest share in the market due to the region's diverse end-use industries. The factors like the development of the automotive sector, rising vehicle demand, and regional industrialisation drive the market demand. Most of the world's supply is produced in the region.
The industry is primarily driven by the rise in demand for the compound from the tyre and building & manufacturing sectors. It is utilised to offer strength to industrial rubber compounds and other equipment. Carbon black is needed for various moulded and extruded industrial rubber goods, including conveyor belts, gaskets, air springs, grommets, vibration isolation devices, hoses, and tyres. In such items, it adds flex strength. Carbon black is commonly used as a filler in the rubber industry to accomplish reinforcing effects such as changing the modulus or tensile strength. It's utilised to improve the product's intermolecular or cohesive force and impart conductivity in rubber-based adhesives, sealants, and coatings. Other factors, such as increased R&D spending and new advancements, etc., provide a further thrust to the industry.
However, factors such as volatility in raw material costs, an increase in the use of silica as a replacement, and environmental issues related to black carbon manufacture are likely to hamper the market's growth.
The global Carbon Black industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Carbon Black regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.
The most common method to produce carbon black is the black furnace process. This process has carbon black by partly combusting petroleum or coal oil as a raw material (feedstock oil) in high-temperature gases. Due to its high yield, this process is excellent for mass manufacturing and provides extensive control over features like particle size and structure due to its high yield. The by-product is utilised in various applications ranging from rubber reinforcement to colouring.
The industry is witnessing growth owing to the various applications of the product. It possesses physical features, including colour stability, solvent resistance, and heat stability, making it popular in the paint and coating industry. It is employed in the aerospace, automotive, marine, ornamental wood, and industrial sectors to provide pigmentation, UV protection, and thermal conductivity to coatings. It's also utilised in inkjet printers and paintings as a pigment. The substance is used extensively in the manufacture of polymers. Pipes, films, stretch wrap, industrial bags, photographic containers, and semi-conductive cable compounds are among the plastic goods employed as a filler. It gives plastic items strength, thermal conductivity, antistatic qualities, and UV protection, improving their performance. Due to all the factors mentioned, the market is expected to propel. Also, the market is being driven by urbanisation, industrial expansion, and an increased number of building and manufacturing businesses worldwide.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Carbon black market expansion is aided by competitive market players working on boosting black carbon output in response to increased demand from various sectors. Market participants are concentrating their efforts on staying ahead of the competition. Market expansion is fueled by increased R&D initiatives to find new and cost-effective techniques to produce carbon black. Technological advancements are bolstering the carbon black market, and many companies are currently concentrating on specialised carbon with high added value and performance. Furthermore, the need for lithium-ion batteries is increasing in the sunrise industries, increasing product demand. The majority of manufacturers are expanding their product portfolios and releasing new product versions.
1. Executive Summary
2. Global Carbon Black Market Snapshot
2.1. Carbon Black Market Outlook
2.2. Carbon Black Industry Analysis by Application
2.2.1. Rubber (Tire)
2.2.2. Rubber (Non-Tire)
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
3. Impact of Recent Events
4. Carbon Black Value Chain Analysis
5. Carbon Black Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Carbon Black Cost Structure
9. Carbon Black Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Carbon Black Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Cabot Corporation
15.2. Orion Engineered Carbon
15.3. Jiangxi Black Cat Carbon Black Inc., Ltd.
15.4. China Synthetic Rubber Corp.
15.5. Birla Carbon
The global Carbon Black market size was valued at 14.56 MMT in 2021.
As per the application provided, the rubber segment is anticipated to lead the market between the period 2022 – 2027.
The significant demand for rubber in the automotive sector is one of the essential drivers of the Carbon Black market growth.
Birla Carbon USA Inc., Cabot Corporation, Continental Carbon Company, Orion Engineered Carbons GmbH, Phillips Carbon Black Limited, and Jiangxi Blackcat Carbon Black Inc. are few of the primary companies in the market.
The Asia Pacific region of the Carbon Black industry holds a significant share in the market.
The global Carbon Black market attained a volume of 14.56 MMT in 2021, driven by the rising demand for the product in the automotive industry. The compound is used in the manufacturing of rubber which finds extensive application in the manufacturing of tires leading the market growth. It is also used in other industries, including coatings as a pigment and the construction sector. Owing to its various properties, the market is expected to witness significant growth. Aided by the factors such as increasing industrialisation, rise in R&D initiatives, and growing urbanisation, the market is expected to see further growth in the forecast period of 2022-2027, growing at a CAGR of 4.4%. The market is projected to reach a volume of 18.85 MMT by 2027.
Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise. Thus, delivering its customers with market insights that are accurate, actionable and help them remain ahead of their competition. Some of the leading players in the industry are Birla Carbon USA Inc., Cabot Corporation, Continental Carbon Company, Orion Engineered Carbons GmbH, Phillips Carbon Black Limited, Jiangxi Blackcat Carbon Black Inc.
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