Carbon Black Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

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.

Industry Definition and Segmentation

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 is Driving the Growth of the Industry

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.

Best Procurement Practices

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.

Category Management Studies

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.

Various Applications of the Product, Further Driving the Procurement of Carbon Black

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.

Key Industry Players Mentioned in the Carbon Black Industry Report

• Cabot Corporation
• Orion Engineered Carbon
• Jiangxi Black Cat Carbon Black Inc., Ltd.
• China Synthetic Rubber Corp.
• Birla Carbon

Market Landscape

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.

Key Initiatives by Companies

• In July 2021, Orion Engineered Carbons SA announced a collaboration with Sweden's RISE Research Institutes to develop and produce renewable carbon black (CB).
• Himadri Specialty Chemical Ltd partnered with the Petrotech Group in Rajasthan to offer their Carbon Black pigments in January 2021.