Trends, opportunities and forecast in carbon black market to 2026 by application (tire rubber, non-tire rubber, plastic, ink, coating, and others), by end use industry (transportation, industrial, building and construction, printing and packaging, and others), grade (commodity carbon black and specialty carbon black) and by region (North America, Europe, Asia Pacific, and the Rest of the World)
The future of the global carbon black market looks promising with opportunities in the transportation, industrial, and building and construction sectors. The global carbon black market is expected to reach an estimated $24.1 billion by 2026 with a CAGR of 9.9% from 2020 to 2026. The major drivers for this market are increasing tire production and growth in plastic and coating market.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing usage of recycled and bio-based carbon black and a shifting focus from commodities to more specialized grades of carbon black. Birla Carbon, Cabot Corporation, China Synthetic Rubber (CSR), Orion Engineered Carbons Holdings, OMSK Carbon Group, Tokai Carbon, and Philips Carbon Black are among the major carbon black providers.
In this market, Tire rubber is the largest application, whereas commodity carbon black is largest in grade type. Growth in various segment of the carbon black market are given below:
The study includes trends and forecast for the global carbon black market by application, grade, attribute, end use industry, and region as follows:
By Application [Kilotons and $M shipment analysis from 2015 to 2026]: • Tire Rubber • Non-Tire Rubber • Plastic • Ink • Coating • Others
By End Use Industry [Kilotons and $M shipment analysis from 2015 to 2026]: • Transportation • Industrial • Building and Construction • Printing and Packaging • Others
By Grade [Kilotons and $M shipment analysis from 2015 to 2026]: • Commodity Carbon Black • Specialty Carbon Black • By Function [Kilotons and $M shipment analysis from 2015 to 2026]: • Reinforcement • Coloring (Pigmentation) • Conductivity • UV Protection • Others
By Region [Kilotons and $M shipment analysis for 2015 – 2026]: • North America • United States • Canada • Mexico • Europe • Germany • Italy • Russia • France • Asia Pacific • China • India • Japan • Thailand • Indonesia • South Korea • The Rest of the World • Turkish • Brazilian Carbon black for tire rubber will remain the largest application over the forecast period supported by increasing demand for passenger cars and light commercial vehicles. The analyst forecasts that plastic is expected to witness the highest growth over the forecast period due to growth in the plastic pipes, wire & cable, and packaging markets.
Transportation will remain the largest end use industry during the forecast period supported by increasing demand for the tire and mechanical rubber goods. The analyst predicts that the demand for carbon black in the packaging end use is likely to experience the highest growth in the forecast period supported by growth in the food and beverages, household products, personal care, and pharmaceutical sectors.
Asia Pacific will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period supported by higher vehicle production and shift of tire production in low-cost countries, such as India and China.
Features of the Global Carbon Black Market • Market Size Estimates: Global carbon black market size estimation in terms of value ($M) and by volume (kilotons) shipment. • Trend and Forecast Analysis: Market trends (2015-2020) and forecast (2021-2026) by various segments and regions. • Segmentation Analysis: Global carbon black market size by various segments, such as application, grade, attribute, and end use industry. • Regional Analysis: Global carbon black market breakdown by North America, Europe, Asia Pacific, and Rest of the World. • Growth Opportunities: Analysis on growth opportunities in different application, grade, attribute, and end use industry, and regions for the carbon black market. • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the carbon black market. • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions
Q.1 What are some of the most promising, high-growth opportunities for the global carbon black market by application (tire rubber, non-tire rubber, plastic, ink, coating, and others), by end use industry (transportation, industrial, building and construction, printing and packaging, and others), grade (commodity carbon black and specialty carbon black) and by region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which regions will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market? Q.5 What are the business risks and threats to the market? Q.6 What are the emerging trends in this market and the reasons behind them? Q.7 What are some changing demands of customers in the market? Q.8 What are the new developments in the market? Which companies are leading these developments? Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution? Q.11 What M&A activity has occurred in the last 5 years?
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