Carbon Black Market: COVID-19 Impact and Global Analysis Forecast to 2028

Tires in a vehicle are responsible for increased fuel efficiency, better handling, proper tire pressure, efficient treading and traction with the surface of the road. Vehicle tire manufacturers continuously make improvements and upgrade to their existing product lines to meet regulatory, environmental and customer requirements. Apart from finding wide scope of applications in the global automobile industry, carbon black gets wide range of usage in electrical & electronics, construction and chemicals applications for furnishing strength and durability to industrial rubber equipment and compounds. A major property of carbon black is the capability to absorb UV light and convert it to heat, thereby forming plastics that are more resistant to UV rays.

Rising demand especially from rubber goods, tires and plastics is a major factor anticipated to fuel the global carbon black market during the forecast period. Carbon black finds most of its usage in the production of tires and plays a crucial role in increasing the treads of tires as well as rolling resistance. Some of the major trends influencing the dynamics of the global carbon black market include shift towards specialized grades coupled with increasing asking rate for carbon black as a pigment in optimum weight auto-parts to achieve improvised conductivity.

The global carbon black market can be segmented on the basis of type, application, grade and geography. Depending on the type, the global carbon black market can be divided into thermal black, acetylene black, channel black and furnace black. Depending on the type of application, the global carbon black market can be segmented into plastic, coating, non-tire, tire rubber, inks. Depending on grade, the global carbon black market can be segmented into standard grade and specialty grade. Geographically, the carbon black market can be segmented globally into North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.

The robust and brawny demand majorly in the developing regions across the globe especially Asia Pacific and Latin America regions is anticipated to bolster the overall growth of the global market. In addition to this, India and China are further anticipated to stagger for the largest market share and are anticipated to maintain their lead in the total demand over the forecast period. This significant growth can be ascribed to rapidly increasing urbanization coupled with increasing industrialization over the last decade. Several other emerging markets including Russia, New Zealand, Indonesia, Brazil, Argentina, Poland, Netherlands, Denmark, Korea and Australia among others are also projected to foresee a considerable growth during the forecast period. Additionally, a significant increase in the per capita disposable incomes especially among the middle class population group along with growth of the global economy is another key aspect which is expected to bring momentum in the growth of the global market. Key players operating in the global market are focusing on key market strategies including mergers, partnerships, collaborations and acquisitions to maintain a strong hold on the ever competitive market. Some of the key players in the global market include OJSC Kremenchug, OMSK Group, Tokai Carbon Co. Ltd., OCI Company Ltd., Asahi Carbon Co., Sid Richardson Carbon & Energy Co., China Synthetic Rubber Corp., Cabot Corp., Mitsubishi Chemical Corp., Himadri Companies & Industries Ltd., Sumikin Chemical Co. Ltd., Nippon Steel and Birla among others.

The global carbon black market can be segmented

By Type:

• Thermal black
• Acetylene black
• Channel black
• Furnace black


By Application:

• Plastic
• Coating
• Non-tire rubber
• Tire rubber
• Inks

By Grade:

• Standard grade
• Specialty grade

By Region:

• North America
• Latin America
• Asia-Pacific
• Europe and
• Middle East & Africa