Carbon Black Market

Fairfield Market Research projects the global carbon black market to grow with a CAGR of 4.9% by 2025, chiefly driven by robust outlook for specialty black.

Rise in average vehicle lifespan as well as increasing vehicles miles travelled will drive tire replacements, in turn improving the demand for carbon black. Flourishing demand for specialty black products from applications such as paints & coatings, batteries, and printing inks are the key factors influencing the demand.

Asia Pacific currently accounts for more than 60% of the global demand and will hold the highest volume share by 2025. Expansion of manufacturing activities coupled with robust growth in the automotive industry will boost the carbon black market in the region.

Top 5 players in the carbon black market together accounted for more than 45% of the total carbon black volume in 2019.

To gain competitive advantage in the market, leading players are investing considerably in capacity expansions as well as developing new products such as recovered carbon black (rCB) that are environmentally sustainable.