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Carbon Black Market Research Report By Application (Tires, Coatings, Plastics, Inks, Adhesives), By Type (Natural Black, Synthetic Black, Furnace Black, Channel Black, Acetylene Black), By End Use Industry (Automotive, Construction, Electronics, Consumer Goods, Agriculture), By Form (Powder, Granules, Pellets) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035


ID: MRFR/CnM/3280-CR | 200 Pages | Author: Chitranshi Jaiswal| June 2025

Carbon Black Market Summary

As per Market Research Future Analysis, the Global Carbon Black Market was valued at 15.01 USD Billion in 2023 and is projected to grow to 22.1 USD Billion by 2035, with a CAGR of 3.27% from 2025 to 2035. The market is primarily driven by the increasing demand from the tire industry, which accounts for nearly 70% of carbon black consumption, and the rise of sustainable practices in production. The automotive sector, particularly with the growth of electric vehicles, is a significant contributor to this demand, alongside expanding applications in plastics and coatings.

Key Market Trends & Highlights

The Global Carbon Black Market is witnessing transformative trends influenced by sustainability and technological advancements.

  • Tire segment projected to grow from 6.2 USD Billion in 2024 to 9.0 USD Billion by 2035.
  • Sustainable carbon black demand expected to rise due to regulations reducing carbon footprints.
  • Electric vehicle sales estimated to exceed 10 million units in 2023, boosting carbon black demand.
  • North America leads the market with a valuation of 5.1 USD Billion in 2024, growing to 7.2 USD Billion by 2035.

Market Size & Forecast

2023 Market Size: USD 15.01 Billion
2024 Market Size: USD 15.5 Billion
2035 Market Size: USD 22.1 Billion
CAGR (2025-2035): 3.27%
Largest Regional Market Share in 2024: North America.

Major Players

Key players include Phillips Carbon Black, China Synthetic Rubber Corporation, Black Bear Carbon, Standard Carbon, Tokai Carbon, Mitsubishi Gas Chemical, Gujarat Carbon Black, Kraton Corporation, Continental Carbon, Synthetic Carbon Black, Orion Engineered Carbons, and Cabot Corporation.

Key Carbon Black Market Trends Highlighted

The interconnectedness of theย  economy also means that fluctuations in demand from various continents impact market trends significantly, urging manufacturers to adopt agile strategies for growth and adaptation. Overall, theย  landscape of the carbon black market is marked by a transition towards sustainability, innovation, and adaptability to shifting consumer and regulatory demands.

Global Carbon Black Market Overview

Source: Primary Research, Secondary Research, Market Research Future Database, and Analyst Review

Carbon Black Market Drivers

Increasing Demand for Tires in the Automotive Industry

The automotive industry is a major consumer of carbon black, primarily used in tire manufacturing. As theย  vehicle production is estimated to reach over 100 million units annually, the demand for tires is expected to rise significantly. According to the International Organization of Motor Vehicle Manufacturers, in 2021, theย  vehicle production reached approximately 78 million units, showcasing a steady recovery from pandemic disruptions.

This increase in automobile production directly correlates to enhanced tire consumption, driving theย  Carbon Black Market. Furthermore, advancements in tire technology, such as the development of fuel-efficient tires that utilize carbon black for better performance, boost demand even further. Major tire manufacturers, like Michelin and Bridgestone, are increasingly investing in eco-friendly technologies to meet growing consumer demands, thereby positively impacting the carbon black market.

Growth in the Rubber Industry

The rubber industry significantly drives theย  Carbon Black Market due to the heavy reliance on carbon black as a reinforcing agent in rubber products. Theย  rubber market is projected to grow at a rate of approximately 4.2 percent annually through 2027, driven by increasing applications in various sectors, including automotive, construction, and consumer goods. The significant rise in demand for rubber products translates into a higher need for carbon black, as it enhances durability and performance.

According to the Rubber Manufacturers Association, the U.S. rubber product industry generated over 22 billion USD in revenue in 2020 alone, further highlighting its expansion and impact on the demand for carbon black.

Expansion of the Plastics Industry

Theย  Plastics Industry, projected to reach around 700 billion USD by 2025, contributes notably to the demand for carbon black due to its use in various plastic applications, including colorants and UV stabilizers. As countries continue to implement infrastructure projects, the consumption of carbon black within the production of high-performance plastics is increasing. Regions like Asia-Pacific, exhibiting rapid urbanization and industrialization, are witnessing significant growth in the plastics sector.

Reports suggest that the Asia-Pacific region alone accounted for over 45 percent ofย  plastic production in 2021. Leading manufacturers like BASF and Dow Chemical are innovating with carbon black formulations to meet the expanding needs of the plastics market, thereby enhancing their competitive positioning and propelling growth in the carbon black market.

Carbon Black Market Segment Insights

Carbon Black Market Application Insights

Theย  Carbon Black Market is a diverse landscape heavily influenced by its Applications, which encompass critical industries such as Tires, Coatings, Plastics, Inks, and Adhesives. By 2024, the total market is set at a value of 15.5 USD billion, with various Applications showcasing significant contributions to this figure. Tires dominate this segment with a valuation of 6.2 USD Billion in 2024 and are expected to rise to 8.7 USD billion by 2035, indicating their majoritarian influence due to the increasing demand for automotive products and enhancements in tire performance that require high-quality carbon black.

Coatings follow, valued at 2.5 USD Billion in 2024, with projections reaching 3.5 USD Billion in 2035, demonstrating steady demand driven by sectors such as construction and automotive, where protective and decorative coatings are critical. Plastics also play a significant role in the Application segment, with a valuation of 3.6 USD billion anticipated for 2024, enhancing product durability and aesthetics across consumer goods and packaging sectors, and expected to escalate to 5.2 USD billion by 2035, signifying its vital contribution to industry growth.

Inks and Adhesives, while comparatively smaller, contribute meaningfully to the market, with Inks estimated to stand at 1.0 USD Billion in 2024 and rising to 1.5 USD Billion by 2035, showcasing the essential need for carbon black in the printing industry. Adhesives are projected to move from a valuation of 2.2 USD Billion in 2024 to 3.2 USD billion in 2035, pointing to carbon black's role in enhancing the performance and longevity of bonding agents across various applications. The overall growth of theย  Carbon Black Market revenue is driven by the rising demand for high-performance materials that utilize carbon black for their properties.

This trend across multiple applications emphasizes the extensive utility of carbon black in improving product efficacy and performance across diverse industries, underlining the importance of continuous innovation and adaptation within the market. With theย  Carbon Black Market segmentation shedding light on these specific Applications, they collectively reflect how market dynamics operate and provide insights into future demand trends that are propelling growth in the industry.

Carbon Black Market Application Insights

Source: Primary Research, Secondary Research, Market Research Future Database, and Analyst Review

Carbon Black Market Type Insights

Theย  Carbon Black Market is primarily segmented by Type, encompassing Natural Black, Synthetic Black, Furnace Black, Channel Black, and Acetylene Black. As of 2024, theย  Carbon Black Market revenue is set to reach 15.5 billion USD, reflecting increasing demand across various industries. Synthetic Black dominates the market due to its extensive applications in tire manufacturing and industrial products, accounting for the largest share of the market. Furnace Black and Acetylene Black are significant players, favored for their high-quality products and performance in applications like coatings and plastics, thereby driving continual growth.

Channel Black, while less prominent, has specific applications in specialty products, catering to niche markets. The market growth is influenced by trends in sustainability and innovation, with manufacturers focusing on eco-friendly production processes and enhanced properties of carbon black products. The rising demand from the automotive, electronics, and various manufacturing sectors underpins opportunities for expansion within theย  Carbon Black Market. Challenges such as fluctuating raw material prices and environmental regulations persist, yet the overall market is on a steady growth trajectory, supported by advancements in material science.

Carbon Black Market End Use Industry Insights

Theย  Carbon Black Market is rapidly evolving, with its value reaching 15.5 USD Billion in 2024. This market is significantly driven by various end use industries, notably Automotive, Construction, Electronics, Consumer Goods, and Agriculture, each playing a crucial role in overall market dynamics. The Automotive sector continues to dominate due to the growing demand for tires and other rubber products, while the Construction industry relies on carbon black for its durability-enhancing properties in materials like concrete and asphalt. Electronics manufacturers utilize carbon black for its conductive properties in components, ensuring the continual growth of this segment.

Moreover, the Consumer Goods sector leverages carbon black in products like plastics, dyes, and coatings, emphasizing its importance across various applications. Agriculture is emerging as a significant domain, utilizing carbon black in products such as fertilizers and soil enhancers to improve agricultural productivity. The anticipated growth in these sectors indicates a robust future for theย  Carbon Black Market. With a projected increase in its overall value to 22.1 USD billion by 2035, there are substantial opportunities and challenges that each of these end use industries will face, influencing the ย Carbon Black Market revenue and statistics moving forward.

Carbon Black Market Form Insights

Theย  Carbon Black Market has been segmented into various forms, primarily including Powder, Granules, and Pellets, which are critical for numerous industrial applications. The market is poised for growth, with projections suggesting a valuation of approximately 15.5 billion USD by 2024. This anticipated growth is driven by the increasing demand for carbon black in automotive tires, rubber goods, and coatings, where Powder form is particularly favorable owing to its excellent dispersion properties. Granules, recognized for their ease of handling and transportation, play a vital role in automotive and plastic applications, enhancing product performance.

Pellets are gaining traction due to their adaptability in specialty applications and production processes, further emphasizing the diversity within this market segment. As the construction, electronics, and plastic industries expand ly, the opportunities for these forms of carbon black to meet evolving market needs appear promising. Emerging trends, such as sustainable manufacturing and advanced material development, are expected to shape theย  Carbon Black Market, leading to innovative applications across various sectors. With a stable growth trajectory, theย  Carbon Black Market data indicates a compound annual growth rate (CAGR) of 3.28 from 2025 to 2035, underscoring the significance of these forms in broader market dynamics.

Carbon Black Market Regional Insights

Theย  Carbon Black Market exhibits significant regional variations in its segmentation, showcasing a multi-billion-dollar valuation landscape. In 2024, North America leads with a valuation of 4.5 USD Billion, reflecting its robust demand in automotive and industrial applications. Following closely, Europe is valued at 3.5 USD Billion in the same year, driven by increasing regulations favoring sustainable materials. Asia Pacific, holding a substantial market share of 5.0 USD billion, showcases rapid growth due to escalating industrial activities and urbanization, making it a dominant force.

South America, while smaller, demonstrates potential with a valuation of 1.0 USD billion, benefiting from rising infrastructure spending. The Middle East and Africa, valued at 1.5 USD billion, are gaining traction; however, challenges such as economic instability can affect growth. The combined dynamics of these regions highlight theย  Carbon Black Market's segmentation, with Asia Pacific showing the most potential for growth due to its majority holding, driven by a surge in end-user industries and increasing production capacities. The trends point towards a gradual shift in demand towards sustainable alternatives and innovations within the sector.

Carbon Black Market Regional Insights

Source: Primary Research, Secondary Research, Market Research Future Database, and Analyst Review

Carbon Black Market Key Players and Competitive Insights

Theย  Carbon Black Market is characterized by a dynamic competitive landscape influenced by the rapid growth in various end-use sectors, predominantly tire manufacturing, automotive applications, and industrial goods. As the demand for lightweight materials and enhanced performance products increases, many players in the market are striving to innovate and optimize their carbon black production processes. This has led to heightened competition, with key manufacturers focusing on factors such as production efficiency, sustainability, and product diversification. Analyzing the competitive insights involves understanding market share dynamics, evaluating product portfolios, and assessing the geographical reach of various market players while considering emerging trends, technological advancements, and regulatory landscapes.

China Synthetic Rubber Corporation is a notable player in theย  Carbon Black Market, leveraging its extensive industry experience and strong production capabilities. The company boasts significant market presence owing to its well-established operational frameworks and advanced manufacturing technologies, enabling high output and cost-efficient production. Its strength lies in the ability to produce a wide range of carbon black grades that cater to diverse applications, particularly in the tire and rubber sectors. China Synthetic Rubber Corporation's focus on innovation has led to the development of specialty carbon blacks, which provide varying properties required by specific industrial applications. This strategic emphasis on refined product offerings has positioned the company as a competitive force in the market, allowing it to strengthen its foothold in both domestic and international markets.

McNeil & Company, on the other hand, maintains a prominent position in theย  Carbon Black Market through its comprehensive portfolio, which includes high-performance carbon blacks developed for a variety of applications. The company's strength is characterized by its commitment to product quality, sustainability, and customer-oriented solutions. McNeil & Company is recognized for its investment in research and development, which keeps it ahead of industry trends and enhances its product offerings. Additionally, the company has actively pursued strategic mergers and acquisitions to expand its market capabilities and create synergies that drive growth. By enhancing its production capacities and tapping into new geographic markets, McNeil & Company has been able to solidify its reputation and increase its share in the ย carbon black industry, ensuring it meets the evolving needs of its diverse clientele.

Key Companies in the Carbon Black Market Include

  • China Synthetic Rubber Corporation
  • Longxing Chemical
  • Philips Carbon Black
  • Aditya Birla Carbon
  • Dow Chemical
  • Lion Copolymer
  • Tokai Carbon
  • Orion Engineered Carbons
  • Continental Carbon
  • Tianjin Black Cat Carbon Black
  • Cabot Corporation
  • JSR Corporation
  • SABIC

Carbon Black Market Industry Developments

  • Q2 2024: Cabot Corporation Announces Expansion of Carbon Black Production Capacity in Indonesia Cabot Corporation announced the opening of a new carbon black production line at its facility in Cilegon, Indonesia, aimed at meeting growing demand from the tire and industrial rubber sectors.
  • Q2 2024: Birla Carbon Launches Sustainable Carbon Black Product Line 'Circular Black' Birla Carbon introduced 'Circular Black', a new range of sustainable carbon black products made from end-of-life tires, targeting automotive and plastics manufacturers seeking circular economy solutions.
  • Q3 2024: Orion Engineered Carbons Opens New Plant in China to Produce Specialty Carbon Black Orion Engineered Carbons inaugurated a new manufacturing facility in Qingdao, China, dedicated to producing specialty carbon black for high-performance polymers and battery applications.
  • Q3 2024: Cabot Corporation Acquires Tokai Carbon's European Carbon Black Business Cabot Corporation completed the acquisition of Tokai Carbon's European carbon black operations, expanding its footprint in the region and strengthening its supply capabilities for tire and industrial customers.
  • Q4 2024: Michelin Signs Multi-Year Supply Agreement for Recovered Carbon Black with Scandinavian Enviro Systems Michelin entered into a multi-year contract with Scandinavian Enviro Systems to source recovered carbon black for use in sustainable tire manufacturing, supporting Michelin's circularity goals.
  • Q4 2024: Orion Engineered Carbons Appoints New CEO, Dr. Sandra K. Smith Orion Engineered Carbons announced the appointment of Dr. Sandra K. Smith as Chief Executive Officer, effective December 2024, succeeding longtime CEO Corning Painter.
  • Q1 2025: Birla Carbon Announces $100 Million Investment in US Carbon Black Plant Expansion Birla Carbon revealed plans to invest $100 million to expand its North American carbon black manufacturing facility, aiming to boost capacity for specialty and sustainable grades.
  • Q1 2025: Cabot Corporation Launches New Conductive Carbon Black for EV Battery Applications Cabot Corporation introduced a new conductive carbon black product designed for lithium-ion battery electrodes, targeting the rapidly growing electric vehicle market.
  • Q2 2025: Scandinavian Enviro Systems Secures Funding Round to Scale Recovered Carbon Black Production Scandinavian Enviro Systems closed a funding round led by Nordic investors to expand its recovered carbon black production capacity, supporting increased demand from tire manufacturers.
  • Q2 2025: Orion Engineered Carbons Partners with BASF for Sustainable Carbon Black Development Orion Engineered Carbons announced a strategic partnership with BASF to co-develop sustainable carbon black solutions for automotive and industrial applications.
  • Q3 2025: Cabot Corporation Wins Major Contract to Supply Carbon Black for European Tire Manufacturer Cabot Corporation secured a multi-year contract to supply carbon black to a leading European tire manufacturer, reinforcing its position in the region's automotive supply chain.
  • Q3 2025: Birla Carbon Opens New R&D Center Focused on Sustainable Carbon Black Technologies Birla Carbon inaugurated a new research and development center in Belgium dedicated to advancing sustainable carbon black production methods and product innovation.

Carbon Black Market Segmentation Insights

Carbon Black Market Application Outlook

  • Tires
  • Coatings
  • Plastics
  • Inks
  • Adhesives

Carbon Black Market Type Outlook

  • Natural Black
  • Synthetic Black
  • Furnace Black
  • Channel Black
  • Acetylene Black

Carbon Black Market End Use Industry Outlook

  • Automotive
  • Construction
  • Electronics
  • Consumer Goods
  • Agriculture

Carbon Black Market Form Outlook

  • Powder
  • Granules
  • Pellets

Carbon Black Market Regional Outlook

  • North America
  • Europe
  • South America
  • Asia Pacific
  • Middle East and Africa
Report Attribute/Metric Details
Market Size 2023 15.01 (USD Billion)
Market Size 2024 15.5 (USD Billion)
Market Size 2035 22.1 (USD Billion)
Compound Annual Growth Rate (CAGR) 3.28% (2025 - 2035)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled China Synthetic Rubber Corporation, Longxing Chemical, Philips Carbon Black, Aditya Birla Carbon, Dow Chemical, Lion Copolymer, Tokai Carbon, Orion Engineered Carbons, Continental Carbon, Tianjin Black Cat Carbon Black, Cabot Corporation, JSR Corporation, SABIC
Segments Covered Application, Type, End Use Industry, Form, Regional
Key Market Opportunities Increasing demand in the automotive industry, Expansion in renewable energy applications, Growth of the electric vehicle market, Advances in production technology, Rising environmental regulations enforcement
Key Market Dynamics Rising tire production, stringent environmental regulations, alternative filler materials, fluctuations in feedstock prices, and increasing demand from the automotive industry
Countries Covered North America, Europe, APAC, South America, MEA


Frequently Asked Questions (FAQ):

The Carbon Black Market is expected to be valued at 15.5 USD Billion in 2024.

By 2035, the Carbon Black Market is projected to grow to 22.1 USD billion.

The expected CAGR for the Carbon Black Market from 2025 to 2035 is 3.28%.

The Tires segment is expected to dominate the Carbon Black Market with a valuation of 6.2 USD Billion in 2024.

The market size for the Coatings application is expected to reach 3.5 USD Billion in 2035.

The Asia Pacific region is valued at 5.0 USD billion in the Carbon Black Market for 2024.

North America is expected to have the largest market share, valued at 6.1 USD billion in 2035.

Major players in the Carbon Black Market include companies like Aditya Birla Carbon, Cabot Corporation, and Orion Engineered Carbons.

The projected market size for Plastics is expected to reach 5.2 USD billion by 2035.

Challenges for the Carbon Black Market may include fluctuating raw material prices and stringent environmental regulations.

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