Carbon Black Market at $22,944.26 Million in 2032, with 4.4% CAGR

Carbon Black Market Size Worth $22,944.26 Million By 2032 | CAGR: 4.4%%

The global Carbon Black market size is expected to reach USD 22,944.26 million by 2032, according to a new study by Polaris Market Research. The report “Carbon Black Market Share, Size, Trends, Industry Analysis Report, By Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black, Others); By Application; By Grade; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market for carbon black is experiencing a substantial increase in demand across various industries such as consumer goods, construction, rubber, automotive, and electronics. This surge is driven by the material's advantageous properties, including exceptional strength and antistatic characteristics. Additionally, supportive investment policies and robust infrastructure development in countries like China, Indonesia, Brazil, and India are contributing significantly to this growth.

Furthermore, numerous carbon black manufacturers are actively involved in extensive research and development efforts, introducing innovative products to bolster their market presence and meet the growing product demand. For example, in March 2022, Orion Engineered established a new production line for black carbon in Italy. This state-of-the-art 25 KT facility will manufacture specialty and technical rubber carbon blacks, primarily targeting the European market. Notably, the facility also utilizes waste heat to generate usable electricity, producing up to 120 MWh annually.

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The swift rise in the global population and industrialization, particularly in developing nations aiming for robust infrastructure development, is expected to drive the need for high-quality carbon blacks. Various sub-sectors within industries now demand stringent performance standards and accountability, leading to an increased appetite for superior carbon black products. Industries are continuously seeking improved performance characteristics, including heightened levels of chemical and physical purity, as well as the capability to meet diverse regulatory mandates.

Carbon Black Market Report Highlights

  • Furnace black dominated due to its versatility, enhancing rubber strength, UV resistance, and serving as a pigment/coloring agent in inks, paints, and plastics.
  • Tires segment accounted for largest revenue due to carbon black's crucial role in enhancing tire strength, durability, grip, and appearance.
  • In 2022, Asia Pacific led the market share, expected to maintain dominance due to economic growth, industrialization, and automotive production surge, aided by partnerships and government support.
  • The global key market players include Birla Carbon, Cabot Corporation, Orion S. A, Omsk Carbon Group, OCI Company Ltd, Atlas Organic Pvt Ltd, Mitsubishi Chemical Corporation, International CSRC Investment Holdings Co., Ltd., Himadri Speciality Chemical Limited, Longxing Chemical Stock Co., Ltd., PCBL Limited, Continental Carbon Company

Polaris Market Research has segmented the Carbon Black market report based on type, application, grade, and region:

Carbon Black, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Furnace Black
  • Channel Black
  • Thermal Black
  • Acetylene Black
  • Others

Carbon Black, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Tire
  • Non-Tire Rubber
  • Inks & Coatings
  • Plastics
  • Cement
  • Steel
  • Buildings
  • Batteries
  • Others

Carbon Black, Grade Outlook (Revenue - USD Million, 2019 - 2032)

  • Standard Grade
  • Specialty Grade

Carbon Black, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Carbon Black Market Report Scope

Report Attributes


Market size value in 2024

USD 16,258.12 million

Revenue forecast in 2032

USD 22,944.26 million


4.4% from 2024 – 2032

Base year


Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments covered

By Type, By Application, By Grade, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa


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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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