Specialty Carbon Black Market, By Application Type (Plastic, Ink, Coating, and Others), By End Use Industry Type (Transportation, Industrial, Building & Construction, Printing & Packaging, and Others), By Function Type (Color, UV Protection, Conductive, and Others), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2021-2030)

The Global Specialty Carbon Black Market was valued at USD 2.34 billion and is projected to exhibit a CAGR of 9.0% over the forecast period from 2021 to 2030. Specialty carbon black is one of the purest grades of carbon black having the finest particle side. It is also a non-rubber grade of carbon black, which is used in various industries. Carbon black is basically used in manufacturing plastics, tires, mechanical rubber goods, toners, and printing inks. It can also absorb UV light and further converts it into heat. Thus, it finds its major applications and is used in insulating cables and wires. Furthermore, it is widely used to produce wide range of rubber pigments and products. In short it acts as a cost-effective rubber reinforcing agent used in tires.

Chassis bumpers, tires, blow-molded containers, conveyor wheels, grommets, gaskets, autos, hoses, bushings, fascia, photographic containers, and wiper blades all use the product as a strengthening agent. One of the most important properties of specialty carbon black is its capacity to absorb UV light and convert it to heat, making polymers more UV resistant. Plastics ranging from highly conductive to insulation materials benefit from its antistatic and conductive qualities. A transition to more specialized grade goods from the commodity, as well as its greater use as a pigment in lightweight auto-parts to enhance conductivity, are two new developments that are directly impacting market dynamics.

Furthermore, specialty carbon black is a versatile component that may be used in a variety of non-rubber applications. The choice of carbon black is totally dependent on the product's requirements. Molding, film pipe, fiber, and cable are only a few of the essential plastic parts where it's employed. Packaging, paints and coatings, construction, electrical and electronics, and automotive are just a few of the important end-use sectors where plastics are utilized.

The global spread of COVID-19 is expected to create a demand-supply mismatch, limiting product demand. Consumer preference for fuel-efficient and lightweight automobiles, on the other hand, is likely to stimulate demand for specialty carbon black. It is likely to boost the market during the forecast period by assisting in the provision of conductivity and antistatic qualities to plastics ranging from highly conductive to insulating materials.

TABLE 1: GLOBAL SPECIALTY CARBON BLACK MARKET OVERALL SNAPSHOT

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Global Specialty Carbon Black Market, By Grade

Based on the grade, the market is segmented into conductive grade, food grade, fiber grade, others. Among these, conductive grade segment holds the largest market share. Printing inks, paints and coatings, and conductive polymers are just a few of the applications for conductive carbon blacks. Over the projection period, segment growth is expected to be driven by the manufacturing sector's expansion due to expanding population and increased demand for polymers. The rising demand for lithium-ion batteries, owing to their better features, is expected to increase segment development even further.

Global Specialty Carbon Black Market, By Application

Based on the application, the global specialty carbon black market is segmented into plastics, masterbatch, printing inks, paints & coatings, adhesives & sealants, batteries, others. Among these plastics segment holds the largest market share. It is used as a most common pigment as well as reinforcing phase in vehicle tires. Carbon black help in conducting heat away from the tread and belt area of the tire.

Global Specialty Carbon Black Market, By End Use Industry

Based on end use industry, the global specialty carbon black market is segmented into automotive, electrical & electronics, packaging, building & construction, textile, others. Among these, the packaging segment holds the largest market share and is anticipated to dominate the market owing to the surging demand from food and beverages, household products as well as pharmaceutical sectors.

Global Specialty Carbon Black Market, by Region

Based on the region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, South America. Among these, Asia Pacific holds the largest market share owing to the economic development with the increasing disposable income, which has resulted in growth of end use industries like construction and building, personal care, food and beverage, healthcare, automotive as well as others. So, these factors are playing the major role behind the growth of the Asia Pacific region.

TABLE 2: GLOBAL SPECIALTY CARBON BLACK MARKET OVERVIEW

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FIGURE 1: GLOBAL SPECIALTY CARBON BLACK MARKET (USD BILLION), 2021-2030

fig 1

Key Market Strategies of the Industry Participants

  • April 2021: Cabot Corporation (U.S.) completed a major air emissions control project at its manufacturing unit which is located on Franklin.
  • March 2017: Birla Carbons acquired Columbian Chemicals (U.S.), a U.S.-based carbon black producer, allowing it to emerge as the world’s largest manufacturer.

Major Companies: In this report, the major companies studied are Cabot Corp. (U.S.), Birla Carbon (India), Tokai Carbon Co. Ltd. (Japan), Continental Carbon Company (U.S.), Omsk Carbon Group (Europe)

Market Segmentation

By Grade

  • Conductive Grade
  • Food Grade
  • Fiber Grade
  • Others

By Application

  • Plastics
  • Masterbatch
  • Printing Inks
  • Paints & Coatings
  • Adhesives & Sealants
  • Batteries
  • Others

By End User Industry

  • Automotive
  • Electrical & Electronics
  • Packaging
  • Building & Construction
  • Textile
  • Others

By Region:

  • North America 
  • Europe 
  • Asia Pacific
  • Middle East & Africa
  • South America

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