In Q3 2025, North America, the Carbon Black Price Index fell by 3.8% quarter-over-quarter, reflecting muted downstream demand. Check detailed insights for Europe, MEA and APAC.

The size of the Carbon Black Market market was valued at USD 22.79 Million in 2023 and is projected to reach USD 33.71 Million by 2032, with an expected CAGR of 5.75% during the forecast period. Recent developments include: June 2023: PCBL Limited initiated two growth projects which incorporate the new plant expansion in Chennai, Tamil Nadu, and an existing plant project at Mundra, Gujarat. This expansion is divided into two stages, and the first stage of the specialty chemical line is expected to be put into operation by the first quarter of the fiscal year 2023-24. As a result, the overall manufacturing capacity of the company is estimated to reach 790,000 MTPA and 122 MW of renewable energy., February 2023: Balkrishna Industries Ltd (BKT) intensified its carbon black production activities and plans to increase capacity by almost 20% this year. The company will expand its Bhuj plant in the eastern Indian state of Gujarat to produce 198 kilotons per year. The Bhuj plant started operations in 2017 and has the capacity to produce 65 ktpa of carbon black grades for tire tread applications., In June 2022, ADNOC Distribution entered a new carbon black supply agreement with ADNOC, which will enable ADNOC Distribution to test the market for carbon black.. Key drivers for this market are: Increasing Market Penetration of Specialty Black, Growing Applications in the Batteries Segment. Potential restraints include: Increasing Investments for Recovered Carbon Black, Volatility in Prices of Raw Materials. Notable trends are: Increasing Application of Tires and Industrial Rubber Products.

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Carbon Black Market Size 2025-2029

The carbon black market size is forecast to increase by USD 4.77 billion, at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth due to the increasing use of carbon black in various end-user industries, particularly in the tire sector. This trend is driven by the demand for superior product performance and durability. Another key factor fueling market growth is the rising preference for sustainable carbon black, which is derived from renewable sources and reduces the environmental impact of traditional production methods. However, the market is not without challenges. Fluctuations in crude oil prices pose a significant risk to the market's stability, as carbon black is derived from crude oil. Producers must navigate these price fluctuations to maintain profitability and competitiveness.
Additionally, the market faces challenges from alternative materials, such as speciality chemicals, silica and nanotechnology-based products, which offer similar performance benefits but may be more cost-effective or environmentally friendly. Companies seeking to capitalize on market opportunities must stay abreast of these trends and challenges to effectively meet customer demands and maintain a competitive edge.

What will be the Size of the Carbon Black Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the diverse applications and advancements in technology across various sectors. Renewable resources are increasingly utilized in carbon black production through gas-phase synthesis, complementing traditional oil-based methods. Injection molding and tire manufacturing industries remain significant consumers, with tire shredding and recycling gaining traction in the circular economy. X-ray diffraction and transmission electron microscopy provide insights into carbon black's surface morphology, influencing its properties in tire reinforcement and conductive fillers. Infrared spectroscopy and thermogravimetric analysis are essential for performance testing and quality control in rubber compounds. Carbon nanotubes and nanocarbon materials offer enhanced abrasive resistance and conductivity, expanding applications in battery electrodes, conductive inks, and functionalized carbon black.

Masterbatch production and dispersion technology ensure uniform distribution of carbon black in polymers, improving their properties. Environmental sustainability is a growing concern, leading to research on bio-based carbon black and gas-based methods. Surface tension analysis and dynamic mechanical analysis contribute to understanding the behavior of carbon black in various applications. Carbon black recovery and waste management are crucial aspects of the market, with ongoing efforts to optimize processes and reduce environmental impact. ASTM and ISO standards ensure consistency and quality in carbon black grades, while surface area and tensile strength remain key performance indicators. The evolving the market is shaped by continuous research, technological advancements, and the pursuit of improved performance and sustainability in various industries.

How is this Carbon Black Industry segmented?

The carbon black industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Tires
  Non-tires rubber
  Non-rubber


Grade Type

  Specialty grade
  Standard grade


Type

  Furnace black
  Thermal black
  Acetylene black
  Channel black


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

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By End-user Insights

The tires segment is estimated to witness significant growth during the forecast period.

Carbon black is a crucial component in tire manufacturing, contributing to improved performance properties and the tires' distinctive black color. Its role extends beyond aesthetics, as it enhances wear resistance and heat dissipation, thereby increasing tire service life. The escalating global population and rising purchasing power fuel the demand for automobiles, consequently driving the growth of the market. Europe, with major automotive manufacturing hubs like Germany and Italy, is a significant contributor to market expansion. Developing countries, such as India and Brazil, are experiencing substantial growth in their automotive industries, further propelling market growth. The circular economy concept is gaining traction, with tire recycling emerging as a viable solution for wast

Carbon black market revenue is estimated at USD 14.50 billion in 2025 and expected to reach USD 23.17 billion by 2035, expanding at a 4.8 % CAGR.

Carbon Black Market Analysis by Top Investment Segments

Carbon Black (N220) prices (CFR China) declined considerably YoY in late 2024: Oct -14%, Nov -18%, and Dec -12% compared to 2023.

The size of the North America Carbon Black Market market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 2.50">> 2.50% during the forecast period. Recent developments include: January 2023: Orion Engineered Carbons announced an investment of USD 60 million for reducing the emissions of its carbon black production plant in Borger, Texas, the United States. By installing a new emissions reduction technology in its carbon black production facility, the company aims to improve the surrounding air quality by eliminating nearly 23 tons (or 90%) of the sulfur dioxide and nitrogen oxide emissions produced by the black carbon plant every day., December 2022: Continental Carbon Company announced the closure of its black carbon plant, which is present in Phenix City, Alabama, the United States. The plant was closed by the end of December 2022. The plant was closed due to the denial of an extension or grace period by the Environmental Protection Agency and the United States Department of Justice regarding installing environmental remediation equipment at the plant.. Key drivers for this market are: Growing Tire Industry, Increasing Penetration of Specialty Carbon Black. Potential restraints include: Growing Tire Industry, Increasing Penetration of Specialty Carbon Black. Notable trends are: Increasing Usage in the Tire Industry.

The Recovered Carbon Black Market Report Segments the Industry by Grade (Rubber Grade RCB and Specialty/Conductive Grade RCB), Application (Tires, Plastics, and More), End-User Industry (Printing and Packaging, Industrial, and More), Production Technology (Pyrolysis, Gasification, and Others), and Geography (Asia-Pacific, North America, Europe, and More). The Market Forecasts are Provided in Terms of Volume (tons).

The carbon black market size is predicted to reach $20.93 billion in 2024 to $35.27 billion by 2035, growing at a CAGR of 4.86% from 2024 to 2035.

The size of the Carbon Black Market was valued at USD 23.39 billion in 2023 and is projected to reach USD 32.48 billion by 2032, with an expected CAGR of 4.8 % during the forecast period. The carbon black market is an important segment of the global chemicals industry. Carbon black finds its prime significance as a reinforcing agent in rubber products, especially tires, and as a black pigment in inks, coatings, and plastics. It's produced through the incomplete combustion of hydrocarbons and has strong performance properties, enhancing material durability, strength, and wear resistance. The growth in the automotive industry is the primary driver of the market, as carbon black is used in large volumes for tire production. Growth in demand for electronic products, paints, and coatings also drives the market. The increasing focus on environmental sustainability is increasing the demand for eco-friendly manufacturing processes and the use of recycled carbon black. Emerging economies, especially in the Asia-Pacific region, will drive the market further ahead as industrialization and urbanization accelerate the demand for carbon black in different applications.

The size of the Rubber Carbon Black Market was valued at USD 118 Million in 2023 and is projected to reach USD 161 Million by 2032, with an expected CAGR of 3.00">> 3.00% during the forecast period. Recent developments include: In March 2022, Orion Engineered Carbon started commercial sales from its new carbon black production site in Ravenna, Italy. The site produces technical rubber carbon blacks for the European market and has a production capacity of 25,000 tons., In September 2021, Orion Engineered Carbon started constructing its second plant in Huaibei, China, with a production capacity of 65 to 70 thousand tons. The company will produce carbon black for specialty and high-end rubber grades., In August 2021, Phillips Carbon Black Ltd (PCBL) announced plans to invest around INR 1,300 to 1,400 crore in the next two years for carbon black capacity expansion., In June 2021, Orion Engineered Carbon announced the commercial launch of ECORAX Nature, developed for rubber applications. Ecorax Nature is made of plant-based oils and can be used in critical tire tread construction.. Key drivers for this market are: Increasing Demand for Automotive Tires, Increasing Demand for Carbon Black in Industrial Rubber Applications. Potential restraints include: Fluctuation In Prices of Oil Derived Feedstocks Used for Carbon Black Manufacturing, Increasing Use of Green Tires; Growing Environmental Concerns Regarding Emissions of Harmful Particulate Matter During The Production Of Carbon Black. Notable trends are: Increasing Demand for Automotive Tires.

The global carbon black market attained a value of USD 17.82 Billion as of 2024 and is anticipated to grow at a CAGR of 5.70% during the forecast period of 2025 to 2034. Growing tire demand, increasing automotive and construction industries, rising industrial rubber uses, and expanding plastic and coatings industries propel the growth of the global carbon black market. The market is thus expected to reach a value of nearly USD 31.02 Billion by 2034.

United States - Producer Price Index by Commodity: Chemicals and Allied Products: Carbon Black was 562.28300 Index Dec 1983=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Chemicals and Allied Products: Carbon Black reached a record high of 683.96400 in July of 2022 and a record low of 76.10000 in April of 1989. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Chemicals and Allied Products: Carbon Black - last updated from the United States Federal Reserve on December of 2025.

The size of the Recovered Carbon Black Market was valued at USD 118.7 USD Million in 2023 and is projected to reach USD 1032.03 USD Million by 2032, with an expected CAGR of 36.2% during the forecast period. Recent developments include: February 2024 – Michelin has partnered with Antin and Enviro to construct the first end-of-life tire-recycling plant. The partnership is based on supplying end-of-life-cycle tires and recovered carbon black and pyrolysis oil., February 2023 – Klean Industries Inc. is expanding its strategic partnership with Niersberger Group. The partnership involves executing tire pyrolysis projects to recover carbon black & renewable fuels., August 2021 – Black Bear Carbon B.V. and HELM AG entered a partnership for a long-term supply chain and marketing cooperation regarding recovered carbon black. The Black Bear is projected to produce recovered Carbon Black from used tires, and they will use HELMs supply chain through its broad market presence.. Key drivers for this market are: Abundant Availability of End-of-Life Tires (ELTs) and Increasing Demand for Recycling ELTs to Drive the Progression of Market. Potential restraints include: Abundant Availability of End-of-Life Tires (ELTs) and Increasing Demand for Recycling ELTs to Drive the Progression of Market. Notable trends are: Abundant Availability of End-of-Life Tires (ELTs) and Increasing Demand for Recycling ELTs to Drive the Progression of Market.

The global Carbon Black market stood at approximately 14 million tonnes in 2024 and is expected to grow at a CAGR of 4.10% during the forecast period until 2035.

The size of the Recovered Carbon Black Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 2.00% during the forecast period. Recent developments include: In May 2022, Pyrum Innovations AG started the test operation of a new pelletizer at its plant site in Germany, which will enable the recovered carbon black (rCB) obtained via the pyrolysis process to be bonded into pellets, to increase their transportability and facilitates the further processing of the raw material., In March 2022, Continental AG expanded its partnership with Pyrum Innovations AG to further optimize and expand the recycling of end-of-life tires through pyrolysis by producing high-quality recovered carbon black (rCB) for tire production of Continental., In April 2020, Scandinavian Enviro Systems AB and Michelin partnered with each other to develop innovative technology of recovered carbon black to transform used tires into raw materials.. Key drivers for this market are: Rising Demand for Recycled and Recovered Products, Increasing Usages as Sustainable Filler in Tire and Non-tire Rubber Applications. Potential restraints include: Lack of Infrastructure and Technologies for Recovered Carbon Black, Providing Consistent Quality of Recovered Carbon Black. Notable trends are: Increasing Usage in the Tire Industry.

The Carbon Black Market size was valued at USD 1,393.9 billion in 2023 and is projected to reach USD XXX billion by 2032, exhibiting a CAGR of 6.5 % during the forecasts period. Key drivers for this market are: Increasing Use in the Textile and Fiber Industries Increasing need for sustainable and ecologically friendly carbon black manufacturing methods. Potential restraints include: Fluctuations in raw material prices Stringent environmental regulations Competition from product substitutes. Notable trends are: Growing adoption of sustainable manufacturing practices Development of high-performance carbon black products.

The Carbon Black Market Report is Segmented by Process Type (Furnace Black, Gas Black, Thermal Black, and Lamp Black), Application (Tire and Industrial Rubber Product, Plastic, Toner and Printing Ink, Coating, Textile Fiber, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

The Carbon black market was valued at USD 22.13 billion in 2022 and will reach USD 33.01 billion by 2030, registering a CAGR of 4.9% for the forecast period 2023-2030. Factors Affecting Carbon Black Market Growth

Increasing demand from tire manufacturing: Carbon black has vital importance in the tire manufacturing process. It adds in the rubber compound to reinforce the tire. Carbon black enhances the tire’s durability, thermal stability, and wear resistance. The outermost part of the tire is the tread, it comes in direct contact with the road, carbon black is added to the tread which provides traction and grip, and improves the ability to grip the road surface. The high speed of the vehicle generates heat in the tire, carbon black prevents the tire from heat damage. Carbon black also acts as a UV stabilizer in the tire by preventing cracks in the rubber. Increasing demand for vehicles is expected to drive the growth of the carbon black market.

The Restraining Factor of Carbon Black:

Harmful effect on the environment and human health: Carbon black is an air-polluting compound, it releases harmful gases such as carbon monoxide, nitrogen oxide, volatile organic compounds, and sulfur oxide, because of incomplete combustion of a hydrocarbon. When people breathe contaminated air, it creates the problems of respiratory diseases. The employees who are working in the tire manufacturing industry directly come into exposure to carbon black. It leads to skin and eye irritation. Manufacturing carbon black requires oil and coal. These are non-renewable resources; therefore, they may deplete such resources. Carbon black creates waste that contaminates the land and water resources. These factors may hamper the growth of the carbon black market. Therefore, careful handling and proper disposal practices are necessary to reduce environmental and human health risks.

Impact of the COVID-19 Pandemic on the Carbon black market

The carbon black industry experienced negative growth during the covid-19. Manufacturing plants did not get labour and raw material due to strict lockdown. Therefore, production plants were shut down for some days. Higher consumption of black carbon in the automotive industry. Due to regulations on transportation and travel, there was no demand for a new vehicle. Demand and supply chains were totally disturbed due to the severity of the disease. After covid 19 carbon black industry showed significant growth due to increasing demand for new vehicles, increasing the disposable income of individuals, and increasing use of printing ink. Introduction of Carbon Black

Carbon black is a common black pigment produced by incomplete combustion of vegetable matter, petroleum products, and coal. It is one form of paracrystalline carbon. It contains around 95-98% carbon.It has various applications such as coating,textile fiber,printing inks,rubber product and tire. Carbon black is volatile and nonconductive material, which has low density, cheap, and is long-lasting therefore it is used in batteries. It is also used in radar absorbent material, laser printer toner, and photocopiers. In the US multilayer UTH bottles are made from carbon black. Due to its black appearance, it is used as a coloring agent.

Learn more about the Carbon Black Market Report by Market Research Intellect, which stood at USD 15.2 billion in 2024 and is forecast to expand to USD 23.6 billion by 2033, growing at a CAGR of 6.5%.Discover how new strategies, rising investments, and top players are shaping the future.

The global Carbon Black market is projected to reach a valuation of approximately USD 25 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033.