Latest News- Carbon Black Market: Tires is expected to lead the End-user segment during 2025-2029

The Carbon Black Market is being driven by Increasing use of carbon black in end-user industries

The Carbon Black Market is expected to grow at a CAGR of 4.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4768.9 million. The carbon black market is witnessing significant growth due to the increasing global demand for sustainable alternatives to conventional carbon black. Bio-based carbon black, derived from renewable feedstocks like vegetable oil, is becoming increasingly popular as an eco-friendly substitute for carbon black produced from fossil fuels. Additionally, recycled carbon black, manufactured from recycled tires and other waste materials, is gaining traction due to its environmental benefits. Companies such as Bolder Industries and Black Bear Carbon are leading the charge in sustainable carbon black production. The market for sustainable carbon black is projected to expand substantially during the forecast period, driven by growing consumer and regulatory focus on sustainability. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Tires
  • Non-tires rubber
  • Non-rubber
• Grade Type
  • Specialty grade
  • Standard grade
• Type
  • Furnace black
  • Thermal black
  • Acetylene black
  • Channel black
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing use of carbon black in end-user industries
• Rising demand for specialty carbon black
• Increasing demand for carbon black in APAC

However, the market also witnesses some limitations, which are as follows:

• Fluctuations in crude oil prices
• Increasing use of silica as reinforcing fillers
• Environmental impact of carbon black

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Market Scope in Carbon Black Market Research Report

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Research Analysis Overview

The Carbon Black Market encompasses various applications, including tire manufacturing. Carbon Black enhances tire properties such as tire tread wear resistance, rolling resistance for improved fuel efficiency, and grip performance for better wet traction. It also finds use in high-performance tires, off-road tires, passenger car tires, truck tires, and aviation tires. Beyond tires, Carbon Black is utilized in industries like electronics for anti-corrosion coatings, electrical conductivity, thermal conductivity, and static dissipation. It's also used in conductive inks, adhesives, sensor applications, biocompatible materials, medical devices, drug delivery systems, composite manufacturing, reinforced plastics, lightweight materials, high-strength materials, additive manufacturing, and advanced materials in material science.

Market Research Overview

The global commodity chemicals market encompasses businesses primarily engaged in the production of industrial and fundamental chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Notably, this sector excludes chemical manufacturers producing diversified chemicals, agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio's market analysis, key growth drivers for the commodity chemicals market include the escalating demand for plastic packaging. Given that plastic is the most widely utilized material in the packaging industry worldwide, the increasing preference for lightweight, corrosion-resistant materials has fueled continuous innovation, thereby significantly influencing the application of chemicals in the production of plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/