Specialty Carbon Black Market Research Report - Global Forecast till 2027

Global Specialty Carbon Black Market Research Report: Information by Grade (Conductive Grade, Food Grade and others), Application (Plastics, Masterbatch, Printing Inks, Paints & Coatings, Adhesives & Sealants, Batteries and others), End-Use Industry (Automotive, Electrical & Electronics, Packaging, Building & Construction and others) and Region (North America, Europe, Asia-Pacific, South America and the Middle East & Africa) - Forecast till 2027

ID: MRFR/CnM/6698-CR | March 2020 | Region: Global | 208 pages

Please note that assessment period of report has been updated from 2018-2025 to 2020-2027. Cordially fill sample form for updated data.

Market Overview


Global Specialty Carbon Black Market was valued at USD 1,637.5 Million in 2018 and expected to register a CAGR of 5.28% to reach USD 2,330.9 Million by 2025.


Specialty carbon black is a pure form of carbon black with low content of ash, sulfur, metals, and other impurities. It exhibits superior conductive and UV protection properties and offers pigmentation. The most common applications of specialty carbon black are plastics, printing inks, paints & coatings, masterbatches, batteries, adhesives & sealants, and foaming agents.


Market Dynamics


The primary factor driving the growth of the global specialty carbon black market is the growing application of specialty carbon black in the polymer manufacturing. The polymer manufactured using specialty carbon black is used in wires & cables, electronics, conductive packaging, film and sheet, fibers, moldings, and pipes. Specialty carbon black is increasingly used to impart superior functionalities in polymers, such as UV protection and conductive characteristics. Moreover, specialty carbon black has a wide range of applications in the manufacturing of printing inks, owing to its excellent pigmenting property. The significantly growing demand for printing inks in the packaging industry is fueling the demand for specialty carbon black.


However, the stringent environmental regulations related to the use of additives in plastics and food contact materials may hamper the growth of the global specialty carbon black in the future. Nevertheless, the expanding construction industry in both developing and developed economies is expected to create lucrative growth opportunities for players operating in the global market during the forecast period. Specialty carbon black is used as an additive to overcome conductivity issues in lithium-ion batteries, particularly in the cathode. The use of lithium-ion batteries is increasing in different types of electric vehicles, including electric buses, trucks, bikes, and passenger vehicles, due to their superior properties such as higher energy density and lightweight as compared to nickel-cadmium and nickel-metal hydride batteries. Thus, the growing adoption of electric and hybrid vehicles globally is expected to provide growth impetus to the specialty carbon black market during the forecast period


Global Specialty Carbon Black Market Revenue, by Application, 2018 (USD Million) Specialty Carbon Black Market


Sources: MRFR Analysis


Segmentation


Based on grade, the Global Specialty Carbon Black Market has been segregated into conductive grade, food-grade, and others. The conductive grade specialty carbon black accounted for the largest market share of 46.7% in 2018 and is projected to attain a value mark of USD 1,120.6 million by the end of 2025. This primarily attributed to the high demand for the product from electronics and packaging applications. Furthermore, technological advancements in the energy, electronics, and paints and coatings industries have widened the application scope for a conductive grade of carbon black, thereby driving the market growth.


The global specialty carbon black market, by application, has been segmented into plastics, masterbatch, printing inks, paints & coatings, adhesives & sealants, batteries, and others. The plastics segment dominated the global specialty carbon black market in 2018 and is expected to exhibit the highest CAGR of 6.08% during the forecast period. The masterbatch segment accounted for the second-largest market share of the global specialty carbon black market in 2018.


Based on the end-use industry, the global market has been segmented into automotive, electrical & electronics, packaging, building & construction, and others. Among these, the automotive industry held the highest market share of 32.5% in 2018 and is projected to register a CAGR of 6.18% during the forecast period. The healthy growth of this segment is mainly attributed to increasing automotive production.


Global Specialty Carbon Black Market Share, by Region, 2018 (%) Specialty Carbon Black Market


Sources: MRFR Analysis


Regional Analysis


Geographically, the Global Specialty Carbon Black Market has been bifurcated into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Asia-Pacific dominated the global market with more than 50% share in 2018. The specialty carbon black market was valued at USD 851.5 million in 2018 and is projected to register significant growth during the forecast period. This can be attributed to the robust growth of the automotive, packaging, and building & construction industries across China and India.


North America, followed by Europe, accounted for the second-largest share in 2018. The stringent environmental regulations related to the restriction on the use of additives in plastics and food contact materials are expected to have a negative impact on the market growth in these regions. However, the growing demand for conductive ink from the electronics industry is expected to support the market in North America and Europe. The market in Latin America and the Middle East & Africa accounted for relatively smaller shares in the market. However, the specialty carbon black market in these regions is expected to witness healthy growth driven by the growing automotive and building & construction industries in the region.


Key Players


The Prominent Players in the Global Specialty Carbon Black Market are Cabot Corporation (US), Orion Engineered Carbons SA (Luxembourg), Birla Carbon (Thailand), Himadri Speciality Chemical Ltd (India), Mitsubishi Chemical Corporation (Japan), Phillips Carbon Black Limited (India), Continental Carbon Company (US), DyStar Singapore Pte Ltd (Singapore), Imerys Graphite & Carbon (Switzerland), and Omsk Carbon Group (China).


The market players are focusing on the fast-growing markets such as Asia-Pacific and planning to expand the production capacity of specialty carbon black in the region to meet the rising demand. The manufacturers are also entering long-term agreements with distributors and suppliers to increase the presence in the global market. For instance, Cabot announced its plan to expand the existing carbon black manufacturing site at Cilegon, Indonesia, by adding approximately 80,000 metric tons of annual production capacity. The plant is expected to be completed by 2021. The new capacity is in line with the growing demand for carbon black in Indonesia and throughout South East Asia.


Market Segmentation


Global Specialty Carbon Black Market, by Grade



  • Conductive Grade

  • Food Grade

  • Others


Global Specialty Carbon Black Market, by Application



  • Plastics

  • Masterbatch

  • Printing Inks

  • Paints & Coatings

  • Adhesives & Sealants

  • Batteries

  • Others


Global Specialty Carbon Black Market, by End-Use Industry



  • Automotive

  • Electrical & Electronics

  • Packaging

  • Building & Construction

  • Others


Global Specialty Carbon Black Market, by Region



  • North America

    • US

    • Canada





  • Europe

    • Germany

    • UK

    • Russia

    • France

    • Italy

    • Rest of Europe





  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Rest of Asia-Pacific





  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Rest of South America





  • Middle East & Africa

    • GCC

    • South Africa

    • Rest of Middle East & Africa




Intended Audience



  • Specialty carbon black manufacturers

  • Retailers, distributors, and wholesalers

  • Governments, associations, and industrial bodies

  • Investors and trade experts



Frequently Asked Questions (FAQ) :


Global Specialty Carbon Black Market is projected to grow at a 6.9% CAGR between 2019-2024.

Global Specialty Carbon Black Market is predicted to touch USD 25.02 billion by 2024.

The Asia Pacific is expected to dominate the Specialty Carbon Black Market.

Different end use industries for Specialty Carbon Black Market include batteries, construction, plastics, and others.

Growing automotive and packaging industry is boosting market growth.