The US carbon black market size was valued at USD 3.8 Billion in 2022. The carbon black industry is projected to grow from USD 3.9 Billion in 2023 to USD 5.69 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.60% during the projected period (2023 - 2032). The rising usage of these plastics in electrical and electronic components, the increase in demand for tires from the automotive industry, and rapid expansion in the rubber industry are the prominent market drivers anticipated to propel the US carbon black market.
Source: Primary Research, MRFR Database, Secondary Research, and Analyst Review
The US carbon black market CAGR is expanding due to the expansion in electric vehicle sales in the past five years and is projected to grow further at a rapid pace. The electric vehicle industry is expected to lower the carbon emissions generated by road transport, which accounts for almost one-sixth of the global emissions. Lithium-ion batteries are the major component in an electric vehicle, and increasing demand for the same is poised to boost electric vehicle sales. Conductive carbon black is an essential ingredient in a lithium-ion battery as it increases the range and life cycle of the battery. The US carbon black market growth is set to ride on the back of robust sales of electric vehicles throughout the forecast period.
Furthermore, the US carbon black market experiences a surge in demand driven by the escalating need for manufacturing plastic goods. Carbon Black, a key additive in plastics, enhances durability, color stability, and conductivity. The rising demand for plastic goods across industries such as automotive, packaging, and construction fuels the market growth. As the US economy continues to recover, increased consumer spending and industrial production contribute to the upswing in plastic manufacturing. Carbon Black's pivotal role in reinforcing plastic properties positions it as a critical component, aligning with the heightened focus on material performance and sustainability. This trend reflects a symbiotic relationship between the burgeoning plastic industry and the consequential demand for the product to boost carbon black market revenue.
The US carbon black market segmentation, based on process type, includes furnace black, thermal black, acetylene black, and others. The furnace black segment dominated the market mostly as a type of product produced by unfinished petroleum oil or coal oil combustion using an oil furnace. The process allows the mass production of carbon black with different particle structures and sizes. However, thermal black is the fastest-growing category owing to its UV absorbent properties, which propels the demand in the plastic industry. Acetylene black is produced from acetylene gas using a thermal decomposition process. The product's extreme conductivity and high purity aid its usage in producing silicon products, electric power cables, and dry cells.
The US carbon black market segmentation, based on grade, includes standard and specialty. Standard held a major market share due to escalating demand from tire manufacturing and automotive industries. As a crucial reinforcing agent, standard-grade carbon black enhances tire durability and performance. The growing global automotive fleet, coupled with increased tire replacement rates, drives market expansion. However, specialty is the fastest-growing category due to the increasing demand for high-performance materials in niche applications. Industries such as electronics, automotive, and coatings seek specialty carbon black for its unique properties like conductivity and UV resistance.
Figure 1: US Carbon Black Market, by Grade, 2022 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The US carbon black market segmentation, based on application, includes tire, non-tire rubber, plastics, inks & toners, and others. Tire held a major market share owing to the escalating demand for high-performance and durable tires. Carbon black, a key tire reinforcing agent, enhances tread strength and longevity. As automotive production surges globally, particularly in emerging markets, the need for quality tires grows, fostering the carbon black market's expansion. However, non-tire rubber is the fastest-growing category due to the escalating demand for durable rubber products. As industries like automotive, construction, and industrial manufacturing witness growth, the need for high-performance rubber components increases, driving the demand for carbon black. Its reinforcing properties enhance rubber strength and longevity, making it a crucial component in non-tire rubber applications across various sectors.
The carbon black market in the US is propelled due to the booming demand for carbon black from the automotive and tire manufacturing industries. With an increasing number of vehicles on the road, the need for carbon black as a reinforcing filler in tire production rises, enhancing tire durability and performance. Stringent regulations on fuel efficiency and tire safety drive the market further as manufacturers seek advanced materials. Additionally, the expanding plastics and rubber industries contribute to the demand for carbon black in diverse applications. The material's excellent conductivity and UV resistance also fuel its use in electronic components and coatings. As the US continues to witness industrial growth, the carbon black market remains a critical component in various manufacturing sectors.
Leading market participants are investing heavily in research and development to enhance their product lines, which will help the carbon black market expand even more. Market participants are also undertaking different strategic activities to extend their footprint, with significant market developments including new product establishment, mergers and acquisitions, contractual agreements, and collaboration with other organizations. The carbon black industry must deliver cost-effective items to extend and stay in a more competitive and growing market climate.
Major players in the carbon black market are attempting to expand market demand by investing in research and development operations, including Cabot Corporation, Aditya Birla Group, Orion Engineering Carbons, Phillips Carbon Black, Tokai Carbon, Jiangxi Black Carbon, Continental Carbon Company, and Omsk Group.
Cabot Corporation
Orion Engineering Carbons
Phillips Carbon Black
Jiangxi Black Carbon
Continental Carbon Company
Omsk Group
March 2022: Cabot Corporation acquired Tokai Carbon to expand its battery materials business. This will not only increase the production capability of Cabot Corporation but also allow the company to enter one of the fastest-growing markets, such as electric mobility.
Furnace Black
Thermal Black
Acetylene Black
Others
Tire
Non-Tire Rubber
Plastics
Ink & Toners
Others
Standard
Specialty
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 3.8 Billion |
| Market Size 2023 | USD 3.9 Billion |
| Market Size 2032 | USD 5.69 Billion |
| Compound Annual Growth Rate (CAGR) | 4.60% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Growth Factors, Revenue Forecast, Market Competitive Landscape, and Trends |
| Segments Covered | Application, Process Type, Grade, and Region |
| Countries Covered | The US. |
| Key Companies Profiled | Cabot Corporation, Aditya Birla Group, Orion Engineering Carbons, Phillips Carbon Black, Tokai Carbon, Jiangxi Black Carbon, Continental Carbon Company, and Omsk Group. |
| Key Market Opportunities | Rapid growth in lithium-ion battery production. |
| Key Market Dynamics | The rising usage of black carbon plastics in electrical and electronic components. |
US Carbon Black Market Market Highlights:
Frequently Asked Questions (FAQ) :
The US carbon black market size was valued at USD 3.8 Billion in 2022.
The market is projected to expand at a CAGR of 4.60% during the forecast period, 2023-2032.
The prominent players in the carbon black market are Cabot Corporation, Aditya Birla Group, Orion Engineering Carbons, Phillips Carbon Black, Tokai Carbon, Jiangxi Black Carbon, Continental Carbon Company, and Omsk Group.
The furnace black category dominated the market in 2022.
The tire category had the largest share of the market.
The standard category had the largest share of the carbon black market.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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