The India Carbon Black Market Report is Segmented by Process Type (Furnace Black, Gas Black, Lamp Black, and Thermal Black), and Application (Tire and Industrial Rubber Product, Plastic, Toner and Printing Ink, Coating, Textile Fiber, and Others). The Market Forecasts are Provided in Terms of Value (USD).

Discover the booming India carbon black market forecast to 2033! This report reveals a CAGR exceeding 4.15%, driven by automotive growth and infrastructure development. Learn about key players, market trends, and regional insights. Key drivers for this market are: Growing Demand from Tire Industry, Increasing Market Penetration of Specialty Black; Growing Applications In the Batteries Segment. Potential restraints include: Rising Prominence of Green Tires, Volatility In Prices of Raw Materials. Notable trends are: Furnace Process Type to Dominate the Carbon Black Market in India.

The size of the India Carbon Black Market market was valued at USD 2.56 Million in 2024 and is projected to reach USD 4.83 Million by 2033, with an expected CAGR of 9.5% during the forecast period. Notable trends are: Improved characteristics of carbon black are driving the market growth.

The size of the India 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 > 4.15% during the forecast period. Key drivers for this market are: Growing Demand from Tire Industry, Increasing Market Penetration of Specialty Black; Growing Applications In the Batteries Segment. Potential restraints include: Rising Prominence of Green Tires, Volatility In Prices of Raw Materials. Notable trends are: Furnace Process Type to Dominate the Carbon Black Market in India.

India Recovered Carbon Black Market is projected to grow around USD 3.05 billion by 2031, at a CAGR of 10.8% during the forecast period.

The India carbon black market, valued at approximately ₹[Estimate based on "XX" million and currency conversion, considering the study period and value unit] in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 4.15% from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning automotive industry, particularly the increasing demand for tires and rubber products, significantly contributes to this growth. Simultaneously, the expanding plastics and packaging sectors, along with the rising consumption of printing inks and toners, create substantial demand for carbon black. Further bolstering market expansion are advancements in carbon black production techniques, leading to improved quality and efficiency. While growth is anticipated, potential restraints include fluctuating raw material prices, environmental regulations concerning carbon black emissions, and the increasing adoption of alternative pigments in certain applications. The market is segmented by process type (Furnace Black, Gas Black, Lamp Black, Thermal Black) and application (Tires and Industrial Rubber Products, Plastics, Toners and Printing Inks, Coatings, Textile Fibers, Other). Furnace Black currently dominates the process type segment due to its cost-effectiveness and widespread applicability. The Tires and Industrial Rubber Products segment holds a major share in the application segment, reflecting the substantial demand from the automotive sector. Key players like Birla Carbon, Cabot Corporation, and Phillips Carbon Black Limited (PCBL) are actively shaping market dynamics through strategic investments, technological advancements, and expanding their product portfolios. The forecast period (2025-2033) anticipates sustained growth, driven by continued industrialization, urbanization, and rising disposable incomes within India. However, companies need to proactively address environmental concerns and invest in sustainable production methods to maintain long-term market viability. Furthermore, strategic partnerships and collaborations will be crucial in navigating the competitive landscape and securing a significant market share. Analyzing the various process types and applications allows for a granular understanding of market trends and opportunities, enabling targeted strategies for growth and innovation within this dynamic sector. Specific regional variations within India will also play a significant role in shaping the market's future trajectory. Recent developments include: September 2022: Epsilon Carbon announced an investment of INR 5.5 billion (~ USD 67.27 million) in a carbon black facility based in Vijaynagar, Karnataka. With the new investment, the company will scale its production from an installed annual capacity of 115 kilotons to 215 kilotons of carbon black material, which will be supplied to tire and non-tire market companies. The new capacity is expected to be commissioned by the end of FY 2024., April 2022: Phillips Carbon Black Limited (PCBL), a part of RP Sanjiv Goenka Group, announced that it had begun commercial production at its INR 8 billion (~ USD 87.85 million) greenfield carbon black project in Tamil Nadu, with a capacity of 63 kilotons.. Key drivers for this market are: Growing Demand from Tire Industry, Increasing Market Penetration of Specialty Black; Growing Applications In the Batteries Segment. Potential restraints include: Growing Demand from Tire Industry, Increasing Market Penetration of Specialty Black; Growing Applications In the Batteries Segment. Notable trends are: Furnace Process Type to Dominate the Carbon Black Market in India.

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)

.

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

India Carbon Black Market size was valued at USD 5.79 Billion in 2024 and is expected to reach USD 8.68 Billion by 2032, growing at a CAGR of 5.2% from 2026 to 2032.Key Market Drivers:Strong Automobile Sector: Carbon black is used extensively in India's automobile industry, especially in the production of tires. The nation manufactured 5.45 Million cars in 2022, a 24% increase over the year before, demonstrating the high need for carbon black in the automotive sector.Development of Infrastructure: The government's emphasis on infrastructure projects, such as building roads and developing cities, raises demand for rubber goods and tires, which in turn fuels the market for carbon black. This tendency is highlighted by the Indian government's 2022 infrastructure development budget of ₹10 lakh crore.

The India carbon black market is projected to add more than USD 450 Million from 2024 to 2029, rising urbanization.

In 2018, China was the largest market for specialty carbon black worldwide. In that year, it had a market size of more than *** million U.S. dollars and was forecast to reach *** million dollars by 2025. The United States and India were the second and third largest markets for specialty carbon black, respectively.

The size of the Asia-Pacific 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 3.40% during the forecast period. Recent developments include: April 2023: Phillips Carbon Black - a part of RP-Sanjiv Goenka Group, opened a new production facility in Tamil Nadu, India, to start the commercial production of carbon black. The company is expected to reach a production level of 147 kilotons annually in 2023., September 2022: Epsilon Carbon planned to expand the production capacity of carbon black in Vijayanagar, Karnataka, India, with an investment of INR 550 Crore (~USD 66.6 million). The company increased its production capacity from 115 to 215 kilotons and supplies carbon black to several companies operating in the tire and non-tire market.. Key drivers for this market are: Growing Application in Fiber and Textile Industries, Increasing Market Penetration of Specialty Black; Surge in Demand from Tire Industry. Potential restraints include: Growing Application in Fiber and Textile Industries, Increasing Market Penetration of Specialty Black; Surge in Demand from Tire Industry. Notable trends are: Increasing Demand for Tires and Industrial Rubber Products.

• The global industry was valued at US$ 675.2 Mn in 2023
• It is estimated to grow at a CAGR of 7.4% from 2024 to 2034 and reach US$ 1.5 Bn by the end of 2034

Market Introduction

Regional Outlook

Conductive Carbon Black Market Snapshot

In fiscal year 2023, the production volume of carbon black in India amounted to approximately 447 thousand metric tons. The Indian chemical industry is highly diversified. Turning out over 80 thousand products, the south Asian country is one of the largest producers of chemicals in the world.

In India Carbon Black Market, Epsilon Carbon (ECPL), has opened India's first integrated carbon black complex in Bellary, Karnataka.

The Asia-Pacific Carbon Black Market report segments the industry into Process Type (Furnace Black, Gas Black, Lamp Black, Thermal Black), Application (Tires and Industrial Rubber Products, Plastics, Toners and Printing Inks, Coatings, Textile Fibers, Other Applications (Power, Insulation, Construction, etc.)), and Geography (China, India, Japan, South Korea, ASEAN Countries, Rest of Asia-Pacific).

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

The Specialty Carbon Black Market will grow from USD 2.41 Billion in 2024 to USD 3.66 Billion by 2030 at a 7.20% CAGR.

The installed production capacity of carbon black in India stood at 696 thousand metric tons in fiscal year 2023. Carbon black has several applications, including uses in the printing industry, rubber industry, and electric industry.

The Specialty Carbon Black Market size was valued at USD 3.01 billion in 2023 and is projected to reach USD 5.94 billion by 2032, exhibiting a CAGR of 10.2 % during the forecasts period. Specialty Carbon black refers to a highly engineered form of carbon black, a fine black powder used primarily as a reinforcing agent in rubber products and as a pigment in various applications. Unlike standard carbon black, specialty types are tailored for specific properties like conductivity, UV resistance, or enhanced durability. These products offer unique features such as precise particle size control, superior dispersion characteristics in materials, and customized surface chemistry to meet exact performance requirements. Advantages include improved product performance and longevity in applications ranging from automotive tires to coatings and plastics. Recent developments include: In January 2024, Birla Carbon announced Greenfield Expansions in the Asia Pacific region. The company shall expand its carbon black capacity by over 240 kilotons in the identified locations of India and Thailand , In November 2023, Cabot Corporation launched a novel product family “REPLASBLAK” with certified material. The company launched three products with this launch that are sold as its first certified black master-batch products as (ISCC PLUS) International Sustainability & Carbon Certification , In April 2023, Cabot Corporation acquired the solar farm in Chiba, Japan. The farm adjoins the Cabot Corporation’s carbon black production unit in Japan and will enable the company to export solar power as renewable energy in the country .