The market value of the carbon black industry in Latin America was nearly two billion U.S. dollars in 2023. The industry is forecast to have a compound annual growth rate (CAGR) of around 4.9 percent between 2024 and 2031.Additional information on the carbon black market can be found here.
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Latin America Carbon Black Product Market emerges as a distinctive region, commanding a noteworthy 5% market share, with a market size of USD 1.11 billion in 2023
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Global Thermal Carbon Black is segmented by Application (Tires, Rubber, Paints & Coatings, Inks, Plastics), Type (High-structure Carbon Black, Low-structure Carbon Black, Conductive Carbon Black, Color Carbon Black, Specialty Carbon Black) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 11.41(USD Billion) |
MARKET SIZE 2024 | 11.76(USD Billion) |
MARKET SIZE 2032 | 15.0(USD Billion) |
SEGMENTS COVERED | Application, End Use Industry, Product Type, Region, Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Increasing demand from automotive industry, Growing application in electronics, Rising environmental regulations, Expanding tire manufacturing sector, Advancements in production technologies |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Cabot Corporation, Himadri Speciality Chemical, Arabian Specialty Carbon Black, Tokai Carbon, Continental Carbon, Olexpol, AVO Carbon, Mitsubishi Chemical Corporation, Electrochemicals, Orion Engineered Carbons, Chinese National Petroleum Corporation, Phillips Carbon Black, JSR Corporation |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Increasing automotive industry demand, Expansion in electronics applications, Growth in renewable energy sector, Rising demand for high-performance materials, Advancements in manufacturing technologies |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.09% (2025 - 2032) |
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Global Carbon Black Feedstock Oil is segmented by Application (Carbon black manufacturing, Tire manufacturing, Plastics manufacturing, Inks and coatings, Rubber products), Type (Petroleum products, Chemical feedstocks, Industrial chemicals, Carbon black production, Oil refining) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)
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Global Petroleum Needle Coke is segmented by Application (Steel manufacturing, Lithium batteries, Graphite electrodes), Type (Needle coke, Petroleum coke, Calcined petroleum coke, Synthetic needle coke, Carbon black) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 3.16(USD Billion) |
MARKET SIZE 2024 | 3.29(USD Billion) |
MARKET SIZE 2032 | 4.5(USD Billion) |
SEGMENTS COVERED | Tire Type ,Material ,Aircraft Type ,End-User ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Growing demand for air travel Technological advancements Increasing commercial aircraft production Rising preference for retread tires Stringent safety regulations |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Pirelli ,Sumitomo Rubber Industries ,Triangle Tyre ,Continental ,Yokohama ,Dunlop ,Hankook ,Cooper Tire & Rubber ,ZC Rubber ,Bridgestone ,Toyo Tires ,Goodyear ,Michelin ,Giti Tire ,Kumho Tire |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | 1 Increasing demand for fuelefficient tires 2 Growing popularity of widebody aircraft 3 Rising infrastructure investments in developing countries 4 Adoption of advanced materials and technologies |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.01% (2025 - 2032) |
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The market value of the carbon black industry in Latin America was nearly two billion U.S. dollars in 2023. The industry is forecast to have a compound annual growth rate (CAGR) of around 4.9 percent between 2024 and 2031.Additional information on the carbon black market can be found here.