Specialty Carbon Black Market anticipated to further boost growth rate of 10.0% in terms of revenue from 2022 to 2030

 Specialty Carbon Black Industry Overview

The global specialty carbon black market size was valued at USD 2.29 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 10.0% in terms of revenue from 2022 to 2030. This is attributed to the increasing demand for the product as reinforcing agents, specifically in tires. Additionally, the growing use of the product in agriculture mulch film, refuse sacks, stretch wrap, and industrial bags are estimated to contribute to the market growth.

Specialty grades such as conductive, fiber, and food cater to end-use industries, such as battery electrodes, conductive polymers, PP masterbatches, paints & coatings, specialty packaging, consumer molded parts, printing inks, polyester fiber, and film & sheets. They have excellent conductivity characteristics, are UV-protective, contain metals, and are low in sulfur and ash. Additionally, specialty carbon blacks are used in a variety of coating applications, including automotive, wood, aerospace, industrial coatings, and marine, to offer UV protection, conductivity, and coloring.

 

Gather more insights about the market drivers, restrains and growth of the Global Specialty Carbon Black Market

 

Hoses, bushings, fascia, chassis bumpers, tires, conveyor wheels, grommets, gaskets, vehicles, containers, wiper blades, and others are the goods that utilize specialty carbon black as a reinforcing agent. One of the most important properties of specialty carbon black is its capacity to absorb UV light and convert it to heat, making plastics more UV resistant. Plastics ranging from highly conductive to insulation materials benefit from their antistatic and conductive qualities.

Majorly, carbon black is in the form of black colloidal particles, which are produced via the acetylene black process, lamp black process, and furnace black process, among others. The raw material used for these processes differs between petroleum, coal oil, natural gas, and acetylene gas. Furthermore, the product dynamics are heavily dependent on applications, such as non-tire rubber, electrostatic discharge, packaging, paints & coatings, and printing inks consumption, along with regulations formulated for manufacturing technologies and raw materials used. It provides enhanced viscosity, conductivity, UV protection, and sharp color.

The carbon black manufacturing process emits a large amount of toxic GHG, which is not suitable for the environment and health. Companies are investing in R&D activities to develop their manufacturing processes, which will reduce gas emissions within the permissible limit and improves the quality of their product. Additionally, since carbon black is manufactured by partial combustion of fuels directly affecting the environment and human health, it has come under strict regulations from these agencies. Carbon black, in February 2003, was added to the California Office of Environmental Health Hazard Assessment (OEHHA) list of substances known to the State that cause cancer.

The pandemic of COVID-19 has hit every major sector. Major economies of the world had to impose lockdowns and restrictions to stop the spread of the virus. This adversely impacted all major economies. All industries and manufacturing units were closed, affecting the supply chain. Key countries, including India, Germany, China, and the U.K., witnessed an unfavorable effect on the demand for the product. However, the gradual opening up of various industries led to stable growth of the demand in the worldwide market.

 

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

  • Automotive Tinting Film Market: The global automotive tinting film market size was valued at USD 3.65 billion in 2021 and is anticipated to progress at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2030. 
  • Biodegradable Plastic Market: The global biodegradable plastic market size was estimated at USD 4.1 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 9.7% during the forecast period.

 

Specialty Carbon Black Market Segmentation

Grand View Research has segmented the market report on the grade, and region:

Specialty Carbon Black Grade Outlook (Volume, Thousand Tons; Revenue, USD Million; 2018 - 2030)

  • Conductive Carbon Black
    • Conductive Polymers
    • Paints & Coatings
    • Battery Electrodes
    • Printing Inks
    • Others
  • Fiber Carbon Black
    • Polyester Fiber
    • PP Masterbatches
    • Nylon Textiles
    • Other Synthetic Fibers
  • Food Contact Carbon Black
    • Packaging
    • Film & Sheet
    • Consumer Molded Parts
    • Others
  • Other Carbon Black

Specialty Carbon Black Regional Outlook (Volume, Thousand Tons; Revenue, USD Million, 2018 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa (MEA)

 

Market Share Insights

  • January 2019: OMSK Carbon Group installed advanced equipment in the Belarus facility, thus continuing their efforts to start the operations at the new carbon black manufacturing facility at the Belarus Mogilev plant. 

 

Key Companies profiled:

Some prominent players in the global specialty carbon black market include:

  • Omsk Carbon Group
  • Tokai Carbon Co., Ltd.
  • Atlas Organics Private Limited
  • Continental Carbon Company
  • Birla Carbon
  • Cabot Corporation
  • International China Oak Investment Holdings Co., Ltd.
  • Himadri Speciality Chemical Ltd
  • Philips Carbon Black Limited
  • Orion Engineered Carbons GmbH
  • Ralson

 

Order a free sample PDF of the Specialty Carbon Black Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.


 

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