In Q1 2025, the North American carbon black market exhibited a largely stable price trend, with quotations fluctuating narrowly between USD 1980 to 2010 per MT FOB Texas during January and settling at around USD 2000/MT through February. The market was primarily shaped by an oversupply situation and a subdued demand outlook, prompting suppliers and traders to maintain steady prices while awaiting stronger buying signals. Despite this apparent stagnancy, cost-side pressures persisted throughout the quarter—driven notably by elevated natural gas and oil prices—which continued to influence the overall production cost structure.

Get the latest insights on price movement and trend analysis of Carbon Black in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

The Carbon Black Market report segments the industry into Process Type (Furnace Black, Gas Black, Lamp Black, Thermal Black), Application (Tires and Industrial Rubber Products, Plastic, Toners and Printing Inks, Coatings, Textile Fiber, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). Get five years of historical data and five-year forecasts.

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.

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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)

.

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

Carbon Black N220 Market Outlook

The global Carbon Black N220 market size was valued at approximately USD 2.3 billion in 2023, and it is expected to reach around USD 3.8 billion by 2032, growing at a CAGR of 5.8% during the forecast period. The primary growth factor driving this expansion is the increasing demand for rubber products, particularly tires, across various industries such as automotive and construction. The rising automotive production and the increasing adoption of high-performance carbon black grades in specialty applications are boosting the market’s growth trajectory.

The demand for Carbon Black N220 is largely driven by its extensive use in tire manufacturing. Carbon Black N220 is a critical raw material in the production of tires due to its ability to enhance the mechanical properties of rubber, providing it with higher tensile strength and abrasion resistance. This makes it an indispensable component for the automotive industry, which is experiencing significant growth, especially in emerging markets where vehicle ownership is on the rise. The burgeoning automotive sector in countries like China and India is expected to substantially contribute to the market's growth.

Another growth factor is the increasing application of Carbon Black N220 in the production of plastics and coatings. The material’s ability to impart color, conductivity, and UV protection makes it highly suitable for various industrial applications, including packaging, electronics, and construction. The construction industry, in particular, is seeing a surge in demand for Carbon Black N220 due to its utility in coatings that protect materials from corrosion and weathering, thus extending the lifespan of structures. This is expected to fuel market growth during the forecast period.

Technological advancements and innovations in the manufacturing processes of Carbon Black N220 are also fueling market growth. Manufacturers are increasingly investing in research and development to produce higher-quality and more efficient grades of Carbon Black N220. Innovations such as the development of specialty grades tailored for specific applications are opening new avenues for market expansion. Additionally, sustainability trends are pushing manufacturers to adopt eco-friendly production methods, which is expected to appeal to environmentally conscious consumers and industries.

In terms of regional outlook, Asia Pacific stands out as the dominant market for Carbon Black N220, largely due to the rapid industrialization and urbanization in countries such as China, India, and Japan. These countries are significant producers and consumers of Carbon Black N220, driven by their booming automotive and construction sectors. North America and Europe also hold substantial market shares, with the presence of well-established automotive industries and a growing focus on sustainable construction practices. The Middle East and Africa, although smaller in market size, are expected to witness steady growth due to infrastructural developments.

Grade Analysis

The Carbon Black N220 market is segmented by grade into Standard Grade and Specialty Grade. The Standard Grade Carbon Black N220 is predominantly used in tire manufacturing and other general rubber applications. It provides essential properties such as improved tensile strength, abrasion resistance, and durability. The demand for Standard Grade Carbon Black N220 is driven by the robust growth in the automotive industry, with tires being the primary application. As automotive production scales up globally, the need for reliable and high-quality tires will continue to drive the demand for Standard Grade Carbon Black N220.

On the other hand, Specialty Grade Carbon Black N220 is increasingly finding applications in high-performance and specialized products, such as advanced coatings, conductive plastics, and inks. Specialty grades are tailored to meet specific performance criteria, including enhanced electrical conductivity, higher UV protection, and superior color retention. The growth of Specialty Grade Carbon Black N220 is fueled by the expanding electronics industry, where it is used in the production of conductive components and anti-static materials. Additionally, the rising demand for high-performance coatings in the construction and automotive sectors is expected to bolster the market for Specialty Grade Carbon Black N220.

Furthermore, the production processes for Specialty Grades are often more complex and require advanced technology and expertise. As a result, these grades command a higher price point

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.

Carbon Black Market Outlook 2032

The global carbon black market size was USD 27.45 Billion in 2023 and is likely to reach USD 41.2 Billion by 2032, expanding at a CAGR of 4.9% during 2024–2032. The market is driven by the growing demand for automobiles and plastic products.



Increasing demand for carbon black from various end-use industries such as automotive, construction, and packaging is anticipated to drive the market during the forecast period. Carbon black, a form of paracrystalline carbon, offers a high surface area to volume ratio, which imparts specific properties such as electrical conductivity, physical strength, and heat resistance. These properties make it a preferred material in the production of tires, rubber products, paints, and coatings.

Growing environmental concerns and stringent regulations regarding carbon emissions are leading to the development of new production technologies for carbon black. The traditional furnace black process, which is the most common method for carbon black production, is associated with high carbon emissions. To address this, manufacturers are focusing on the development of sustainable production methods such as the use of bio-based feedstock and the recycling of carbon black from waste tires.



Rising adoption of electric vehicles is another factor anticipated to influence the market positively. The production of electric vehicles requires high-performance tires, which use carbon black as a reinforcing agent to improve longevity and performance. As the demand for electric vehicles increases, the demand for carbon black is also expected to rise.



The advent of nanotechnology is opening up new opportunities for the market. Carbon black nanoparticles possess unique properties such as high electrical conductivity, excellent mechanical strength, and superior thermal stability. These properties make them ideal for use in various applications such as energy storage devices, sensors, and nanoelectronics.



In conclusion, the global carbon black market is poised for significant growth, driven by increasing demand from end

The Report Covers Recovered Carbon Black Manufacturers and the Market is Segmented by Application (Batteries, Tires, Plastics, Non-Tire Rubber, Dyes, and Pigments), End-user Industry (Printing and Packaging, Industrial, Building and Construction, Electronics, Automotive, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The market size and forecasts for recovered carbon black are Provided in volume (kilo tons) for all the above segments.

The global specialty carbon black market size by value was valued at USD 2.25 billion in 2023 and is expected to reach USD 3.03 billion by 2029, growing at a CAGR of 5.06%.

The carbon black market worldwide had a value of some 22.5 billion U.S. dollars in 2023. It is forecast that the carbon black market size will reach some 36 billion U.S. dollars in 2030.

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

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.

The Carbon Black Market size is expected to reach a valuation of USD 44.3 billion in 2033 growing at a CAGR of 5.20% . The Carbon Black Market research report classifies market by share, trend, demand, forecast and based on segmentation.

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.

Access global Carbon Black prices in locations such as United States, China, Southeast Asia and Europe. Includes monthly historical series and forecasts. Delivered via online charts, Excel, Power BI, and API. Free preview.

The North America carbon black market is projected to reach a value of XX million by 2033, growing at a CAGR of 2.50% over the forecast period (2025-2033). The growth of the market is attributed to the increasing demand for carbon black from the tire and rubber industry. Carbon black is an essential component in the production of tires, as it provides reinforcement and durability. The growing automotive industry in North America is driving the demand for carbon black. Additionally, the increasing use of carbon black in other applications, such as plastics, toners, and printing inks, is also contributing to the growth of the market. The key drivers of the North America carbon black market include the increasing demand for tires and rubber products, the growing plastic industry, and the increasing use of carbon black in other applications. The key trends in the market include the development of new carbon black technologies, the increasing use of sustainable carbon black, and the growing demand for carbon black from emerging economies. The key restraints in the market include the environmental regulations on the production and use of carbon black, and the volatile prices of raw materials. The key segments of the market include process type, application, and geography. The key players in the market include Birla Carbon, Cabot Corporation, Continental Carbon Company, Imerys S A, Koppers Inc, Mitsubishi Chemical Corporation, OMSK Carbon Group, Orion Engineered Carbons, Phillips Carbon Black Limited, Pyrolyx AG, and Tokai Carbon Co Ltd. 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 India Carbon Black Market is segmented by process type (furnace black, gas black, lamp black, and thermal black) and application (tires and industrial rubber products, plastics, toners and printing inks, coatings, textile fibers, and other applications (insulation, power, construction, etc.)). The market sizing and forecasts are provided for each segment based on volume (tons).

The carbon black market can be segmented by process type into furnace black, channel black, thermal black, and acetylene black. Furnace black is the most widely used type, accounting for more than 90% of the market share. By end-use, the market can be segmented into tires, non-tires, paints and coatings, inks, plastics, and others. The tire segment is the largest end-use market, driven by the high reinforcement properties of carbon black in tire manufacturing. Recent developments include: In December 2020, Safic-Alcan signed a distribution agreement with Orion Engineered Carbons in South Africa, to enhance their business and sales operations in the African region. , In May 2023, Orion Engineered Carbon announced that they are expanding their production capacity for gas black in Germany to strengthen its leadership in the carbon black domain. , In May 2021, Birla Carbon signed a partnership deal with Circle, a leading producer of sustainable carbonaceous materials, to create their monopoly in being the largest source of sustainable carbonaceous materials. . Notable trends are: Advancements in technologies to boost market growth.

The carbon black market is expected to grow from $24.79 billion in 2024 to $31.04 billion by 2031, with a projected CAGR of 4.8% over the forecast period