Carbon Black Market Report 2023: Size, Share, Price, Analysis, Industry Outlook, Manufacturers, Forecast 2028

According to the latest report by IMARC Group, titled "Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the global carbon black market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global carbon black market size reached US$ 16.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

Carbon black is a is a fine black powder that is produced by the incomplete combustion or thermal decomposition of hydrocarbons and carbon-based materials such as coal, oil, and natural gas. It is characterized by chemically stable nature, high surface area, good thermal and electrical conductivity, and resistance to high temperatures and chemical exposure.

Carbon black is synthesized by heating hydrocarbons with limited oxygen to produce a carbon-rich smoke, which is then cooled and separated to obtain Carbon Black. This form of carbon improves the mechanical properties of rubber products and is hence extensively utilized as a reinforcing agent in tires and rubber products.

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Global Carbon Black Market Trends:

The global market is primarily driven by the escalating product demand from the automotive industry. This can be attributed to the rapid product utilization in the manufacturing of tires. In line with this, considerable growth in the construction and infrastructure development activities across the globe is also driving the demand for carbon black and carbon black-based materials. Moreover, the rising number of racing and other sporting events is leading to increased sales of high-performance tires is increasing, which in turn is propelling the market.

Apart from this, the growing usage of specialty carbon black as a conductive additive in the manufacturing of batteries and electronic components is creating a positive market outlook. Some of the other factors contributing to the market include rapid urbanization and industrialization, growing product applications in the paint and coatings industry, and extensive research and development (R&D) activities.

Competitive Landscape:

By IMARC Group, the Top Carbon Black Companies Worldwide 2023:

Some of these key players include:

• Cabot Corporation (NYSE: CBT)
• Thai Carbon Black Public Company Limited (Birla Carbon) (BKK: BCT)
• Orion Engineered Carbons GmbH
• Phillips Carbon Black Limited (NSE: PCBL)
• TOKAI CARBON CO., LTD.
• Omsk Carbon Group OOO
• Jiangxi Blackcat Carbon Black Inc., Ltd.
• OCI COMPANY Ltd.
• China Synthetic Rubber Corporation
• SID Richardson Carbon & Energy Co.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/carbon-black-market

Key Market Segmentation:

Breakup by Application:

• Tire
• Non-Tire Rubber
• Plastics
• Inks and Coatings
• Others

Breakup by Grade:

• Standard Grade
• Specialty Grade

Breakup by Type:

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

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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