According to 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 MarketStudyReport, global carbon black market is expected to register robust expansion during the period 2021-2027.
 

The surging disposable income of individuals, facilitating the higher sales of automobiles and a subsequent rise in demand for tires, widespread usage of mechanical rubber goods (MRG), and widespread product adoption across applications like printing, electronics, etc. are determinants augmenting the expansion of global carbon black market. 

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For those unaware, carbon black is a dark-colored component made of elemental carbon. In its purest form, it is fine black powder. It is used in making numerous everyday use products. 

Despite the positive outlook, strict regulations regarding the environment is likely to hamper the progress of the industry during the review period. 

Based on process, the channel black segment accounted for a 5.36% market share in 2019 and is slated to rise at 5.1% CAGR during the predicted timeline. However, the process is losing traction as the environmental impact is high while the yield is low.

Concerning grade, the N-991 vertical of worldwide carbon black industry is anticipated to witness an upswing during the forecast period, owing to its extensive use in the production of high-performance rubber goods. N-991 grade carbon black has lower dispersion value and boast of structural features.

Speaking of the geographical scope, Asia Pacific market held nearly 50% revenue share in 2019 and is poised to expand significantly during the assessment timeline, attributed to the presence of a huge consumer base in nations like India and China. Furthermore, soaring disposable income, alongside a rapid increase in the demand for automobiles and rubber goods are further accelerating the industry development in the area. 

The major companies influencing the global carbon black market dynamics are Syrah Resources Limited, Mitsubishi Chemicals Corporation, BTR New Material Group Co., Ltd., Cabot Corporation, Lianyungang Jinli Carbon Co., Ltd., Continental Carbon Company, Graftech International Ltd., HEG Limited, OCI Company Ltd., Showa Denko K.K., Orion Engineered Carbons LLC, Bridgestone Corporation, Tokai Carbon Co., Ltd., Birla Carbon, and Phillips Carbon Black Limited among others.