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Carbon Black Market - Process (Furnace, Thermal, Acetylene, Lamp, Channel), By Grade (N-550, N-660, N-762, N-772, N-774, N-990, N-991), By Application (Graphite Manufacturing, Coatings, Polymers, Printing, Electronics), & Global Forecast, 2023 – 2032

  • Report ID: GMI3551
  • Published Date: Nov 2022
  • Report Format: PDF

Industry Statistics

Carbon Black Market size valued at USD 18 billion in 2022 and is anticipated to exhibit over 6% CAGR from 2022-2032. Surging requirement for mechanical rubber goods to boost market development.

Carbon Black Market Outlook

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Automotive OEMs use carbon black as a stabilizing chemical filler in tire rubber. The chemical enhances the tensile strength and abrasion resistance of these tires which increases their longevity. The growing demand for passenger vehicles has increased the procurement of carbon black. According to the Society of Indian Automobile Manufacturers (SIAM), around 143,014 units of passenger vehicles were sold in March 2020. Thus, escalating sales of passenger vehicles in addition to enhanced tire characteristics will augment the carbon black market expansion.

Health hazards associated with the usage and exposure of carbon black may hamper the market growth. As per the U.S. Environmental Protection Agency (EPA), the inhalation of black carbon is associated with health issues such as cardiovascular diseases, and cancer. Furthermore, its ability to absorb light as heat significantly contributes to climate change.

Numerous mechanical rubber goods, including tubes and hoses, conveyor belts, extruded profiles, molded products, seals, gaskets, anti-vibration engine mounts, wiper blades, rubber flooring, and footwear, are produced using carbon black. The most widely used and cost-effective reinforcing agent in mechanical rubber products—including industrial rubber products, membrane roofing, automotive rubber parts, and general rubber goods—is rubber carbon black.

Companies have created a special product grade to meet the needs of the mechanical rubber goods industry due to the wide range of uses in different mechanical rubber goods. The industry, however, is undergoing a consolidation process. Due to the region's rapidly expanding economies, industrialization, rising per capita income, and population growth, it will experience strong growth there. The demand for rubber carbon black in mechanical rubber goods is mainly determined by automotive trends, construction activities, and general industrial output.

Ease of availability for raw material to fuel the use of furnace black production process

Carbon Black Market By Process

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Carbon black market revenue from the furnace black process segment is set to cross USD 33 billion by 2032. Furnace black is an ideal method for mass production as it requires coal oil or petroleum oil, which are highly accessible, as raw materials to combust into high-temperature gases. Carbon black manufacturers use this process to produce high yields cost-effectively. This process also enables broader control over characteristics such as the structure and size of particles, further bolstering product consumption.

Robust properties to amplify use of N-660 grade carbon black as passenger tire body compound

Carbon black market from the N-660 grade segment is projected to depict around 10% growth rate from 2023 to 2032. N-660 is a medium-active, medium-dispersion, and low-structure carbon black. This grade has a lower surface area in comparison to N-550, as well as a low level of heat build-up, good processability, and long fatigue life. The N-660 grade is used for body compounds in passenger vehicle tires, including inner liners. Growing demand for advanced rubber goods, in addition to the robust product characteristics, will thus boost the demand for N-660 grade carbon black.

High UV absorption of carbon black to increase product adoption for polymers

Carbon black market value from the polymers application segment is expected to reach over USD 3.5 billion by 2032. Carbon black is included in polymers to offer the properties of electrostatic discharge and the deep jet-black color. This material has impressive ultraviolet (UV) absorption properties and is utilized within various polymers such as polyethylene and polypropylene to safeguard from UV degradation and convert the radiation into heat. The use of specialty carbon black is also growing in polystyrene for enhanced insulation performance.

Presence of major automotive manufacturers to expand Europe market share

Carbon Black Market By Region

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Europe carbon black market is poised to record nearly 5.5% gains up to 2032. This growth can be credited to the strong presence of major automotive manufacturers in the region. Europe houses automotive manufacturers such as Volkswagen, BMW, Renault, Volvo, and Fiat among others.

Amongst them, the Volkswagen Group was the largest carmaker in Europe in 2021 followed by Stellantis and Renault. These prominent carmakers procure large volumes of vehicle tires from manufacturers such as Goodyear and Pirelli. Additionally, Europe accounts for over a fifth of the global production capacity for materials like carbon black. This will create more business opportunities for rubber vendors and carbon black manufacturers, which may, in turn, foster regional market growth.

Collaborative agreements by industry players will bolster the market landscape

Some of the major companies operating in the carbon black market include Cabot Corp., Continental Carbon Company, HEG Ltd., Showa Denko K. K., Bridgestone Corp., Phillips Carbon Black Limited, Birla Carbon, Orion Engineered Carbons, OCI Company Ltd., GrafTech International, Lianyungang Jinli Carbon Co., Ltd., Tokai Carbon, BTR New Material Group Co., Ltd., and Syrah Resources Limited. Some of these companies are signing strategic deals to expand their business and reinforce their market position.

Impact of COVID-19 crisis on the carbon black market trends

Stringent lockdowns and social distancing norms during the COVID-19 pandemic disrupted the global supply chain. This especially affected tire manufacturing, on account of the unavailability of raw materials to develop road tires. Furthermore, restraints in transportation fearing the spread of the virus caused a decline in demand for private and public vehicles which reduced the requirement for tire materials such as carbon black. But with accelerated vaccination programs and relaxation of lockdown-induced restrictions, the automotive sector will witness escalating demand for passenger and commercial vehicles, which may help carbon black industry recovery to a certain extent.

This carbon black market research report includes in-depth coverage of the industry with estimates & forecast in terms of Kilo Tons & USD Billion from 2018 to 2030 for the following segments:

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By Process

  • Furnace Black
  • Thermal Black
  • Acetylene Black
  • Lamp Black
  • Channel Black

By Grade

  • N-660
  • N-660
  • N-762
  • N-772
  • N-774
  • N-990
  • N-991
  • Others

By Application

  • Graphite Manufacturing
  • Tires & Rubber Goods
  • Coatings
  • Polymers
  • Printing
  • Electronics

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • The Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Thailand
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE


Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Global carbon black industry was worth over USD 18 billion in 2022 and is expected to depict more than 6% between 2023-2032, on account of growing demand for rubber from automotive OEMs.

Carbon black industry share from the N-660 grade segment is anticipated to exhibit over 10% CAGR from 2023-2032, owing to the strong characteristics such as long fatigue life.

European market for carbon black is projected to register more than 5.5% CAGR between 2023 to 2032, given the presence of major car manufacturers in the region.

Cabot Corp., Continental Carbon Company, HEG Ltd., Showa Denko K. K., and Phillips Carbon Black Limited are some of the prominent companies operating in the carbon black industry.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 242
  • Countries covered: 19
  • Pages: 250
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