The Carbon Black Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Carbon Black Global Market Report
2024, The carbon black market size has grown strongly in recent years. It will
grow from $17.83 billion in 2023 to $19.32 billion in 2024 at a compound annual
growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed
to increased tire manufacturing, automotive industry growth, rubber goods
production, construction sector growth, printing inks and toners.
The carbon black market size is expected to see strong growth in the next few
years. It will grow to $26.66 billion in 2028 at a compound annual growth rate
(CAGR) of 8.4%. The growth in the forecast period can be attributed to emerging
economies development, increasing specialty carbon black applications,
stringent emission standards, consumer electronics growth. Major trends in the
forecast period include technological advancements in production, integration
of carbon black in plastics, water-borne carbon black dispersions, strategic
mergers and acquisitions, smart packaging trends.
The growing automotive industry is expected to propel the growth of the carbon
black market going forward. The automotive industry refers to the manufacture
or sales of different types of vehicles. Black carbon is widely used for making
the inner liners, sidewalls, and treads of tires as it increases the strength
and longevity of tires. Carbon black is used in the automobile industry to
improve the processing, strength, and durability of tires and also improve tire
performance. For instance, according to Plastic Today, a US-based plastics
processing company, the use of carbon fibers in the US automotive industry is
expected to reach nearly 9,800 tons by 2030. Therefore, the growing automotive
industry is driving the growth of the carbon black market.
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The carbon black market covered in this report is segmented –
1) By Type: Furnace Black, Channel Black, Thermal Black, Acetylene Black, Other
Types
2) By Grade: Standard Grade, Specialty Grade
3) By Application: Tire, Non-Tire Rubber, Inks and Coating, Plastic, Other
Applications
Major companies in the carbon black market are focused on developing innovative
products, such as pelletized reinforcing carbon black, for enhanced rubber
product safety and to gain a competitive edge in the market. A pelletized
reinforcing carbon black is a form of carbon black engineered into pelletized
particles for enhanced handling and efficient incorporation into rubber
products during manufacturing. For instance, in October 2021, Cabot
Corporation, a US-based specialty chemicals and performance materials company,
launched VULCAN 3-LP carbon black, an addition to its LP carbon black series,
designed for rubber applications requiring low polycyclic aromatic hydrocarbon
(PAH) content. This pelletized reinforcing carbon black offers enhanced
reinforcement, strength, abrasion, and tearing resistance for end-use rubber
products, meeting stringent regulatory requirements. Positioned for consumer
rubber goods, food contact applications, and potable water contact, VULCAN 3-LP
complies with global standards limiting PAH content in specific rubber
applications.
The carbon black market report table of contents includes:
1. Executive Summary
2. Carbon
Black Market Characteristics
3. Carbon
Black Market Trends And Strategies
4. Carbon
Black Market - Macro Economic Scenario
5. Global
Carbon Black Market Size and Growth
.
32. Global Carbon Black Market Competitive Benchmarking
33. Global
Carbon Black Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Carbon Black Market
35. Carbon
Black Market Future Outlook and Potential Analysis
36.
Appendix
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