Specialty Carbon Black Market Size Is Expected To Reach USD 5.40 Billion By 2030

Posted by Neha Bora on May 29th, 2024

San Francisco, 29 May 2024: The Report Specialty Carbon Black Market Size, Share & Trends Analysis Report By Grade (Conductive Polymers, Fiber Carbon Black, Food Contact Carbon Black), By Region (Asia Pacific, Europe), And Segment Forecasts, 2024 - 2030

The global specialty carbon black market size is expected to reach USD 5.40 billion by 2030, registering a CAGR of 10.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the increasing demand for the product as reinforcing agents, specifically in tires, among other applications. 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.

Majorly, carbon black is in the form of black colloidal particles 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, food contact grade is expected to witness prolific growth over the next eight years, owing to increasing convenience food consumption in emerging economies of the Asia Pacific and Latin America, such as India, Vietnam, Thailand, Malaysia, Brazil, and Argentina. Packaging is expected to emerge as the leading application for the food-grade segment.

Asia Pacific region dominated the regional segment. This region's expansion can be attributed to rising plastic consumption in key end-use industries, such as construction, automotive, conductive polymers, and packaging. Increasing polymer production in China, India, and Southeast Asian countries, such as South Korea, Thailand, Malaysia, and Vietnam is expected to be a key driver of regional market growth during the forecast period. Furthermore, the regional demand for carbon black has been bolstered by high economic growth, fast industrialization, and urbanization in Asia Pacific's rising regions. Market growth is also aided by increased foreign investment and favorable regulatory regulations.

Access Research Report of Specialty Carbon Black Market @ https://www.grandviewresearch.com/industry-analysis/specialty-carbon-black-market

Specialty Carbon Black Market Report Highlights

• Conductive carbon blacks are used for manufacturing cost-efficient electrically conductive plastic compounds. These electrically conductive plastics are used in various processing methods and final applications.
• Fiber grade is expected to witness significant growth, owing to increasing demand from the textile industry for applications, such as polyester fiber, PP master batches, and other synthetic fibers.
• Asia Pacific dominated the specialty carbon black market with a revenue share of 47% in 2023, owing to the advancements in the automobile industry. The key players in the automobile manufacturing business are setting up their plants in countries in Asia Pacific region which will drive the market growth

Specialty Carbon Black Market Report Scope

List of Key Players in the Specialty Carbon Black Market

• 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 Specialty Chemical Ltd
• Philips Carbon Black Limited
• Orion Engineered Carbons GmbH
• Ralson

Access Press Release of Specialty Carbon Black Market @ https://www.grandviewresearch.com/press-release/global-specialty-carbon-black-market