As cited by the research report titled ‘Carbon Black Market Size By Process (Furnace Black, Thermal Black, Acetylene Black, Lamp Black, Channel Black), By Grade (N-550, N-660, N-762, N-772, N-774, N-990, N-991), By Application (Graphite Manufacturing, Tires & Rubber Goods, Coatings, Polymers, Printing, Electronics), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global carbon black market is touted to generate notable returns over the forecast period 2021-2027.
 

As per the research findings, rising disposable income levels, surging demand for automobiles and rubber goods, as well as accelerated product adoption in applications such as printing, electronics, coatings, and polymers are major factors stimulating worldwide carbon black market growth.
 

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Notably, carbon black, in its purest form, is a fine black powder, fundamentally made up of elemental carbon. It is one of the major components utilized in manufacturing numerous daily use products.
 

Based on process type, the industry is fragmented into lamp black, thermal black, acetylene black, channel black, and furnace black. Among these, channel black segment accounted for 5.36% of the overall demand share in 2019 and is slated to register 5.1% CAGR through 2027.
 

In terms of grade type, N-762, N-660, N-550, N-774, N-990, N-991, and N-772 are the key segments covered in the carbon black market research report. Of these, the N-774 grade segment is likely to witness remarkable growth over the next 6 years due to mounting demand for tires from the passenger vehicles. Meanwhile, N-991 segment is also projected to witness healthy growth over the assessment period due to burgeoning demand for rubber goods.
 

Elaborating on regional scope, Asia Pacific industry accounted for nearly 50% of the total market share in 2019. This can be ascribed to region being the largest carbon black consumer as well as producer due to the presence of two huge domestic markets, namely India and China. Moreover, mounting demand for automobiles and rubber goods are also propelling regional industry growth.
 

Prominent players in worldwide carbon black marketplace are Syrah Resources Ltd., BTR New Material Group Co. Ltd., Lianyungang Jinli Carbon Co. Ltd., Graftech International Ltd., OCI Company Ltd., Orion Engineered Carbons S.A., Birla Carbon (Aditya Birla Group), Phillips Carbon Black Ltd., Tokai Carbon Co. Ltd., Bridgestone Corp., Showa Denko K.K., HEG Ltd., Continental Carbon Company, Cabot Corp., and Mitsubishi Chemical Corp.