Applications in rubber and tire industries to drive the carbon black market at a CAGR of 4.5% during the forecast period from 2022 to 2027.

The global carbon black market is expected to register a CAGR of 4.5% from 2022 to 2027. The market is expected to reach USD 17.231 billion by 2027. The aerospace and automotive industries are expanding, and the plastics, paint, and tire industries are also growing. Since carbon black is one of these industries raw materials, the expected growth is exponential.

Regional Segmentation

The Asia-Pacific region is expected to lead the global carbon black market to fulfill the rising demands in its application like rubber reinforcement, electrical & electronics. Developing economies like India and China have contributed to the rise in demand for conductive carbon black. Recent years have seen a shift in the manufacturing bases of various corporations owing to cheap labor and government support. This has led to the automobile industry expansion, which generates more excellent market value. Carbon black is also used in inks and paints and has shown very high growth in the European market. Advancement in the products manufactured using carbon black has led the companies involved to merge or acquire other companies to maintain a dominant market share.

In the North American region, greater demand for paints & coatings, tires, and rubber demand for black carbon will be exceptional because of the automotive and construction activities.

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Market Segmentation

The carbon black market is segmented by process type, function, and end-use.

By Process Type

• Furnace Black


• Channel Black


• Thermal Black


• Acetylene Black

By Function

• Reinforcement


• Pigments

By End-Use

• Tire


• Non-Tire


• Paints & Coatings


• Inks


• Plastics

Furnace black has the highest production capacity; hence, it is one of the top-performing segments. The pigment industry is the leading segment by function since the growing demand for using pigments in various paints, toners, resin colors, and printing inks. The tire manufacturing application of carbon black to strengthen rubber is the most important and is highest based on the end-user segment for the carbon black market.

Key Players

The key players in the production of carbon black are:

• Kremenchug Carbon Black Plant


• Hebei Daguangming Juwuba Carbon Black Co. Ltd.


• Shijiazhuang Xinxing Chemical Carbon Co. Ltd.


• Cabot Corporation


• Orion Engineered Carbons


• Tokai Carbon Co. Ltd.


• Mitsubishi Chemical Corporation


• JINNENG


• Himadri Speciality Chemical Ltd.


• ChemChina


• Jiangxi Black Cat Carbon Black Inc. Ltd.


• Phillips Carbon Black Ltd.


• Nippon Steel & Sumikin Chemical Co. Ltd