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The United Kingdom carbon black market value reached USD 371.10 Million in 2024. The market is further expected to grow at a CAGR of 7.40% between 2025 and 2034 to attain nearly USD 757.76 Million by 2034.
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The United Kingdom carbon black market is projected to add more than USD 140 Million from 2024 to 2029, rising demand for rubber.
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The Europe Carbon Black Market report segments the industry into 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), and Geography (Germany, United Kingdom, Italy, France, Russia, Rest of Europe). Get five years of historical data alongside five-year market forecasts.
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The U.S. Carbon Black Market size was valued at USD 3.48 USD Billion in 2023 and is projected to reach USD 4.64 USD Billion by 2032, exhibiting a CAGR of 4.2 % during the forecast period. Carbon black is a material produced by the incomplete combustion of coal tar, vegetable matter, or petroleum products, including fuel oil, fluid catalytic cracking tar, and ethylene cracking in a limited supply of air. Carbon black is a form of crystalline carbon that has a high surface-area-to-volume ratio, albeit lower than that of activated carbon. The most common use of carbon black is as a pigment and reinforcing phase in automobile tyres. Carbon black also helps conduct heat away from the tread and belt area of the tyre, reducing thermal damage and increasing tyre life Carbon black is mainly used to strengthen rubber in tyres, but can also act as a pigment, UV stabilizer, and conductive or insulating agent in a variety of rubber, plastic, ink, and coating applications. The U.S., being one of the largest bases for the hydrocarbon processing industry, naturally has an ample supply of raw materials to produce this form of carbon. Its unique property, such as its high capacity to absorb ultraviolet (UV) light and convert it into heat makes it less prone to wear and boosts its rolling resistance. Recent developments include: May 2023 – U.S. based company named Monolith announced that its product was successfully used in tire production by one of the largest tire producers - The Goodyear Tire & Rubber Company. An specialty of Monolith’s carbon black is that it is produced with nearly zero emissions., March 2022 – U.S.-based Cabot Corporation acquired Tokai Carbon to expand its battery materials business. This will not only increase the production capability of Cabot Corporation, but also allow the company to enter one of the fastest growing markets, such as electric mobility.. Key drivers for this market are: Expanding Packaging Industry to Propel the Market Growth. Potential restraints include: Greenhouse Gas Emissions to Decrease Use of Traditional Production Technologies. Notable trends are: Rising Emphasis on Environmentally Sustainable Iron Production to Create New Growth Opportunities.
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Europe Carbon Black Market is poised for a significant growth, with market size projected to surge from USD 3.21 Billion in 2024 to USD 5.28 Billion by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 5.67% during the forecast period.
The Europe Carbon Black Market size to cross USD 5.28 Billion in 2033. [https://edison.valuemarketresearch.com//uploads/report_images/VMR112115822/eu
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The European specialty carbon black market, valued at approximately €800 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 2.5% from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning automotive sector, particularly the increasing demand for high-performance tires and rubber components, significantly contributes to market growth. Furthermore, the rising adoption of specialty carbon black in advanced materials for plastics, coatings, and printing inks, driven by the need for enhanced durability, conductivity, and UV resistance, fuels market expansion. Technological advancements leading to the development of more sustainable and efficient production methods also positively impact the market. While increasing raw material costs and stringent environmental regulations present some challenges, the overall market outlook remains optimistic. Segmentation reveals that furnace black dominates the type segment due to its versatility and cost-effectiveness, while the tires and industrial rubber products application segment holds the largest market share, reflecting the industry's strong dependence on high-quality carbon black. Germany, the United Kingdom, and Italy represent the leading national markets within Europe, driven by robust manufacturing sectors and a high concentration of key players such as Birla Carbon, Cabot Corporation, and Orion Engineered Carbons. The competitive landscape is characterized by both established multinational corporations and regional players. Leading companies are strategically focusing on capacity expansions, technological innovations, and strategic partnerships to maintain their market positions and capitalize on emerging opportunities. The increasing demand for sustainable and eco-friendly carbon black production processes presents a significant opportunity for market players to differentiate themselves and attract environmentally conscious consumers. Looking ahead, the market is expected to witness further consolidation as companies seek to expand their geographic reach and product portfolios. The continued focus on research and development aimed at creating specialized carbon blacks with enhanced properties will further drive market growth and open up new applications across diverse industries. The long-term prospects for the European specialty carbon black market remain positive, with consistent demand growth expected throughout the forecast period. Recent developments include: February 2022: Orion Engineered Carbons opened a new production line in Italy for carbon black manufacturing. It is a 25-kiloton manufacturing facility for specialty and technical rubber carbon black, mainly for the European market. This new plant will offer customers long-term and unique strategic solutions., March 2021: Imerys Graphite & Carbon invested around EUR 60 million in Willebroek, a Belgium plant, to expand its production capacity for high-purity, synthetic graphite, and carbon black used in lithium-ion batteries - mostly used in electric cars.. Key drivers for this market are: Growing Tire Industry in Europe, Growing Application in Fiber and Textile Industries; Increasing Market Penetration of Specialty Black. Potential restraints include: Growing Tire Industry in Europe, Growing Application in Fiber and Textile Industries; Increasing Market Penetration of Specialty Black. Notable trends are: Increasing Application for Tires and Industrial Rubber Products.
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The global recycled carbon black market size was valued at USD 1.5 billion in 2023 and is projected to reach USD 4.3 billion by 2032, growing at a CAGR of 12.5% during the forecast period. This substantial growth is driven by the increasing emphasis on sustainability across various industries and the rising demand for eco-friendly materials. The recycled carbon black market is gaining significant traction due to its cost-effectiveness, environmental benefits, and the growing regulatory pressures to reduce carbon emissions.
The increased global focus on reducing the carbon footprint and promoting sustainable practices is a primary growth factor for the recycled carbon black market. Governments worldwide are implementing stringent regulations to limit carbon emissions, which has propelled the adoption of recycled carbon black as a viable alternative to traditional carbon black. Additionally, the automotive industry's shift towards green and sustainable manufacturing processes, especially in tire production, has significantly bolstered market demand. Enhanced research and development activities in the field of carbon recycling and innovative production processes have also contributed to market growth.
The rising demand for sustainable products in the automotive sector, particularly in tire manufacturing, is a noteworthy growth factor. Recycled carbon black is increasingly being utilized in tire production because it offers comparable performance to virgin carbon black while being more environmentally friendly. For instance, major tire manufacturers are incorporating recycled carbon black into their products to meet regulatory standards and consumer preferences for sustainable products. The cost benefits associated with recycled carbon black, due to its lower production costs compared to virgin carbon black, further drive its adoption in various applications beyond the automotive sector.
Another significant growth factor is the increasing application of recycled carbon black in the coatings, inks, and plastics industries. These sectors are increasingly opting for sustainable raw materials to align with global sustainability goals and reduce their environmental impact. Recycled carbon black offers excellent pigmentation, thermal stability, and mechanical properties, making it an ideal choice for these industries. Moreover, advancements in recycling technologies and processes are enabling higher quality and more consistent recycled carbon black, further enhancing its applicability in diverse industrial applications.
Regionally, the Asia Pacific is anticipated to dominate the recycled carbon black market during the forecast period, driven by rapid industrialization, supportive government policies, and the growing automotive industry. North America and Europe are also significant markets due to stringent environmental regulations and a strong focus on sustainability. These regions are witnessing increased investments in recycling technologies and infrastructure to support the circular economy. Developing regions like Latin America and the Middle East & Africa are gradually emerging as potential markets due to increasing awareness and adoption of sustainable practices.
The tires segment is one of the most significant applications of recycled carbon black, owing to the automotive industry's increasing focus on sustainability. The use of recycled carbon black in tire manufacturing helps reduce the overall environmental impact of tire production. Recycled carbon black provides performance characteristics comparable to virgin carbon black, such as durability, strength, and resistance to abrasion, making it an ideal material for tire applications. Major tire manufacturers are incorporating recycled carbon black into their products to comply with environmental regulations and meet the growing consumer demand for eco-friendly products. Advancements in recycling technologies are further enhancing the quality of recycled carbon black, making it a preferred choice in the tire industry.
In the non-tire rubber segment, recycled carbon black is used in the production of various rubber products such as seals, gaskets, hoses, and belts. The increasing adoption of recycled carbon black in these applications is driven by its cost-effectiveness and environmental benefits. The non-tire rubber segment is witnessing significant growth as manufacturers seek sustainable alternatives to traditional carbon black. Recycled carbon black offers excellent mechanical properties, including tensile strength and elasticity, which are
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The global green carbon black market size was valued at approximately $1.2 billion in 2023 and is projected to reach around $2.3 billion by 2032, growing at a CAGR of 7.1% during the forecast period. The growth of this market is driven by the increasing demand for sustainable and eco-friendly alternatives in various industries, such as automotive, construction, and packaging.
One of the primary growth factors for the green carbon black market is the rising environmental concerns and stringent regulations aimed at reducing carbon emissions. As industries worldwide are moving towards greener alternatives, the demand for green carbon black, which is derived from renewable resources such as biomass, is on the rise. This shift towards sustainability is not only driven by regulatory requirements but also by consumer preference for eco-friendly products, thus bolstering the market growth.
Another significant factor contributing to market growth is technological advancements in the production processes of green carbon black. Researchers and companies are investing heavily in R&D to develop efficient and cost-effective methods for producing high-quality green carbon black. Innovations such as pyrolysis and gasification of biomass are gaining traction, offering a sustainable and economically viable production method. This technological progress is expected to further drive the market forward over the coming years.
Moreover, the growing automotive industry, particularly the electric vehicle (EV) segment, is expected to significantly boost the demand for green carbon black. As the production of EVs increases, so does the need for green carbon black in tire manufacturing and other automotive applications. The push towards electrification and the subsequent need for high-performance, sustainable materials in automotive components create a favorable environment for market expansion.
In the context of sustainable innovations, White Carbon is emerging as a noteworthy alternative in the carbon black industry. White Carbon, also known as silica, is gaining attention due to its potential to enhance the performance of rubber products while reducing environmental impact. Unlike traditional carbon black, White Carbon offers improved rolling resistance and fuel efficiency, making it particularly attractive for the automotive sector. As the industry continues to prioritize sustainability, the integration of White Carbon in tire manufacturing and other applications is expected to grow, complementing the existing green carbon black solutions.
Regionally, Asia-Pacific is anticipated to be the fastest-growing market for green carbon black. This growth can be attributed to the rapid industrialization and urbanization in emerging economies such as China and India. Additionally, the increasing focus on environmental sustainability and the implementation of government policies to reduce carbon footprints are driving the demand for green carbon black in this region. North America and Europe are also significant markets, driven by stringent environmental regulations and high consumer awareness regarding sustainability.
The green carbon black market can be segmented by product type into thermal black, furnace black, gas black, lamp black, and others. Thermal black, made through the thermal decomposition of hydrocarbons, is highly favored for its low structure and high durability. This segment is expected to witness significant growth due to its extensive use in the manufacturing of tires and rubber products, which are increasingly adopting sustainable materials. The thermal black segment is anticipated to hold a substantial market share owing to its proven efficiency and cost-effectiveness.
Furnace black, produced by the incomplete combustion of hydrocarbons, is another critical segment. This type of green carbon black is renowned for its versatility and high reinforcing properties, making it suitable for a wide array of applications, including coatings, plastics, and inks. The furnace black segment is likely to experience robust growth driven by the rising demand from the automotive and construction industries. The shift towards eco-friendly construction materials and sustainable automotive components further propels this segmentÂ’s growth.
Gas black, derived from the partial combustion of natural gas, is characterized by its fine particle size
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Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period
ATTRIBUTES | DETAILS |
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STUDY PERIOD | 2017-2030 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2025-2030 |
HISTORICAL PERIOD | 2017-2024 |
UNIT | VALUE (USD MILLION) |
KEY COMPANIES PROFILED | Cabot Corporation, Thai Carbon Black Public, Orion Engineered Carbons SA, Jiangxi Black Cat, China Synthetic Rubber Corporation, Tokai Carbon, Sid Richardson Carbon, Omsk Carbon Group |
SEGMENTS COVERED | By Product Type - Standard Grade, Specialty Grade By Application - Tire Industry, Rubber Goods Industry, Plastics Industry, Others By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa |
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Tire Recovered Carbon Black Market Overview: The global tire recovered carbon black market size was valued at 60.3 million in 2023, and is projected to reach USD 447.2 million by 2033, exhibiting a CAGR of 44.5% during the forecast period. The market is driven by the rising demand for recycled materials and the stringent regulations on the disposal of waste tires. Additionally, the increasing adoption of sustainable practices by industries and governments is contributing to the growth of the market. The market is segmented by application, type, and region. Key Market Drivers: The key drivers of the tire recovered carbon black market include the growing environmental concerns associated with the disposal of waste tires, government regulations promoting the use of recycled materials, and the increasing demand for sustainable products. Furthermore, technological advancements in the recycling process have improved the quality and performance of recovered carbon black, making it a viable alternative to virgin carbon black. The market is also expected to benefit from the rising demand for tire recovered carbon black in various applications, such as tire manufacturing, rubber products, and plastic products.
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The recovered carbon black (rCB) market is experiencing robust growth, driven by increasing environmental concerns and stringent regulations surrounding waste tire disposal. The market's Compound Annual Growth Rate (CAGR) exceeding 2.0% signifies a steady upward trajectory, projected to continue through 2033. Key drivers include the rising demand for sustainable materials in various industries, the escalating costs associated with landfilling waste tires, and growing government initiatives promoting circular economy practices. Significant applications are found in tire manufacturing, where rCB offers a cost-effective and environmentally friendly alternative to virgin carbon black, and in the plastics and rubber industries for enhancing product properties. The automotive sector, a major end-user, is pushing the adoption of rCB due to its potential to reduce reliance on petroleum-based materials. However, challenges remain, including the need for consistent quality control in rCB production and the establishment of efficient collection and processing infrastructure in certain regions. Market segmentation reveals significant regional variations, with Asia Pacific, particularly China and India, expected to dominate due to large tire production and a growing focus on waste management solutions. North America and Europe are also expected to see significant growth, driven by strong environmental regulations and the presence of established players in the rCB industry. The competitive landscape includes a mix of established companies and emerging startups, indicating significant investment and innovation within the sector. The forecast period (2025-2033) suggests a continuous expansion of the rCB market, fueled by technological advancements improving the quality and consistency of recovered carbon black. This will lead to broader adoption across various applications, further solidifying its position as a viable and sustainable alternative to virgin carbon black. The market's growth will be influenced by factors such as fluctuating raw material prices, technological advancements in rCB production, and government policies promoting sustainable manufacturing practices. Companies are expected to focus on research and development, optimizing their production processes, and expanding their geographic reach to cater to the growing global demand. Collaboration between stakeholders, including tire manufacturers, recyclers, and policymakers, is essential for fostering the growth and sustainability of the rCB market. 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: Rising Demand for Recycled and Recovered Products, Increasing Usages as Sustainable Filler in Tire and Non-tire Rubber Applications. Notable trends are: Increasing Usage in the Tire Industry.
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The international demand for carbon black for packaging is expected to achieve USD 213.4 million by 2025, rise with a CAGR of some 2.8%, and reach USD 281.2 million by the year 2035. Market growth owes its origin to the demand for UV-resistant films, conductive packaging, and multilayer barrier structures. The growth avenues are opened by improvements in specialty grades of carbon black, such as those compliant with food contact and recyclable, for different industries, including food & beverage, e-commerce, agriculture, and electronics.
Metric | Value |
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Market Size in 2025 | USD 213.4 Billion |
Projected Market Size in 2035 | USD 281.2 Billion |
CAGR (2025 to 2035) | 2.8% |
Country-wise Outlook
Country | CAGR (2025 to 2035) |
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United States | 5.5% |
Country | CAGR (2025 to 2035) |
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United Kingdom | 5.2% |
Country | CAGR (2025 to 2035) |
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Japan | 5.1% |
Country | CAGR (2025 to 2035) |
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South Korea | 5.4% |
Competitive Outlook
Company Name | Estimated Market Share (%) |
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Orion Engineered Carbons | 13-17% |
Birla Carbon | 10-14% |
Cabot Corporation | 8-12% |
Continental Carbon | 6-9% |
Tokai Carbon | 4-7% |
Other Companies | 51-61% |
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The bio-based carbon black market is experiencing robust growth, projected to reach a market size of $23.6 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 4.3% from 2025 to 2033. This expansion is driven by the increasing demand for sustainable and environmentally friendly alternatives to traditional carbon black derived from petroleum. Key drivers include the rising awareness of environmental concerns, stringent government regulations promoting sustainable materials, and the growing adoption of bio-based materials across various industries, such as tires, inks, plastics, and coatings. Furthermore, ongoing research and development efforts are focused on improving the performance characteristics and reducing the production costs of bio-based carbon black, further fueling market growth. Companies like Origin Materials, Envigas, Nature Coatings, Hemp Black, and Tokai Carbon CB are at the forefront of this innovation, continually enhancing product quality and expanding application possibilities. Despite the positive outlook, challenges such as high initial production costs compared to traditional carbon black and the need for broader market acceptance remain. However, with the continued technological advancements and increasing consumer preference for sustainable products, the bio-based carbon black market is poised for significant expansion in the coming years. The market segmentation for bio-based carbon black is diverse, with different types categorized by production method, application, and geographical distribution. While specific segment data is unavailable, we can infer that applications within the tire industry will represent a significant portion of the market due to the large volume of carbon black used in tire production. Similarly, the coatings and inks industries will likely be key contributors due to growing demand for environmentally sustainable alternatives. Regional market share will likely be influenced by factors such as government policies, industrial development, and the presence of key market players. North America and Europe are expected to be leading regions, driven by strong environmental regulations and a higher adoption rate of sustainable technologies. However, Asia-Pacific is likely to experience considerable growth as the region experiences increasing industrialization and a greater focus on sustainable materials. The forecast period from 2025 to 2033 presents significant opportunities for market players to capitalize on the expanding demand for sustainable materials and establish a strong foothold in this rapidly evolving market.
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The global reinforced grade carbon black market is experiencing robust growth, driven by the increasing demand for high-performance tires and other rubber products. The market size in 2025 is estimated at $5 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This growth is fueled by several factors, including the rising adoption of electric vehicles (EVs) which necessitate advanced tire formulations for extended range and enhanced safety. Furthermore, the expanding construction industry and increasing infrastructure development globally contribute to higher demand for reinforced carbon black in various applications, such as belts and hoses. The tire segment dominates the market, followed by non-tire rubber applications including conveyor belts, hoses, and seals. Technological advancements in carbon black production, leading to improved particle size distribution and surface area, are further propelling market expansion. Key players like Cabot Corporation, Orion Engineered Carbons, and Birla Carbon are strategically investing in research and development to enhance product quality and expand their market share through innovative offerings and geographical expansion. However, fluctuating raw material prices and stringent environmental regulations present challenges to market growth. The increasing cost of petroleum-based feedstock, a crucial raw material for carbon black production, poses a significant threat. Furthermore, stricter regulations aimed at reducing carbon emissions and promoting sustainable manufacturing practices are compelling manufacturers to invest in cleaner production technologies. Despite these restraints, the long-term outlook for reinforced grade carbon black remains positive due to the ongoing growth in end-use industries and sustained demand for high-performance materials. The market is expected to witness continued expansion across various geographical regions, with Asia Pacific emerging as a significant growth driver owing to rapid industrialization and urbanization in countries like China and India.
According to our latest research, the renewable lignin-based carbon black market size reached USD 182 million in 2024, registering a robust growth trajectory with a CAGR of 18.7% during the forecast period. By 2033, the global market is projected to attain a value of USD 1,015 million. The surging adoption of sustainable materials across industries, driven by environmental regulations and the growing demand for green alternatives to traditional carbon black, is a key factor accelerating this market's expansion. As per our latest analysis, the market is witnessing significant momentum, underpinned by technological advancements and increasing investments in bio-based product innovations.
One of the primary growth drivers for the renewable lignin-based carbon black market is the heightened emphasis on reducing carbon footprints and transitioning towards sustainable manufacturing practices. Industries such as automotive, construction, and packaging are under mounting pressure to minimize their reliance on fossil-derived materials. The unique properties of lignin-based carbon black, including its renewable origin, lower greenhouse gas emissions, and comparable performance to conventional carbon black, make it an attractive substitute. Governments worldwide are enforcing stricter emission norms and offering incentives to promote the use of bio-based alternatives, further propelling market growth. Additionally, consumer awareness regarding sustainability and eco-friendly products is compelling manufacturers to integrate renewable carbon black into their value chains, fostering market expansion.
Another significant factor fueling the growth of the renewable lignin-based carbon black market is the continuous innovation in lignin extraction and conversion technologies. Research institutions and key market players are investing heavily in R&D to optimize the production process, enhance yield, and improve the quality of lignin-derived carbon black. These advancements have enabled the development of products with tailored properties suitable for diverse applications, from high-performance plastics and rubbers to advanced coatings and battery electrodes. The scalability of modern biorefineries and the integration of lignin valorization in pulp and paper mills have also contributed to cost reductions, making renewable carbon black increasingly competitive with its petroleum-based counterparts. This technological progress is expected to unlock new opportunities and accelerate market penetration across various end-use industries.
The market's growth is further supported by the strategic collaborations and partnerships between lignin suppliers, carbon black manufacturers, and end-user industries. These alliances are crucial in establishing robust supply chains, ensuring consistent quality, and facilitating the commercial adoption of lignin-based carbon black. Major players are engaging in joint ventures and licensing agreements to expand their production capacities and geographic reach. Furthermore, the involvement of government agencies and industry associations in standardization and certification initiatives is fostering trust and confidence among downstream users, thereby catalyzing market growth. Such collaborative efforts are instrumental in overcoming initial barriers and driving the mainstream adoption of renewable lignin-based carbon black.
From a regional perspective, Europe continues to lead the renewable lignin-based carbon black market, accounting for the largest share in 2024, closely followed by North America and Asia Pacific. The region's proactive regulatory framework, ambitious sustainability targets, and strong presence of automotive and packaging industries have created a fertile ground for market growth. In North America, favorable government policies and rising investments in green technologies are accelerating market uptake, while Asia Pacific is emerging as a high-growth region due to rapid industrialization and increasing environmental awareness. Latin America and the Middle East & Africa, though still nascent, are expected to witness steady growth, supported by infrastructural developments and growing demand for eco-friendly materials. Overall, the global market outlook remains highly positive, with significant growth potential across all major regions.
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product market has been steadily increasing over recent years, and forecasts suggest a substantial growth trajectory in the upcoming period.
ATTRIBUTES | DETAILS |
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STUDY PERIOD | 2018-2031 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2018-2022 |
UNIT | VALUE (USD MILLION) |
KEY COMPANIES PROFILED | Orion Engineered Carbons, Cabot Corporation, Birla Carbon, Tokai Carbon, China Synthetic Rubber, Phillips Carbon Black, Omsk Carbon Group, Mitsubishi Chemical, Denka Company, Hexing Chemical Industry, Ebory Chemical, Imerys, Zaozhuang Xinyuan Chemical Industry, Shandong Huibaichuan New Materials, Xiahuayuan Xuguang Chemical, Shanxi Fulihua Chemical Materials, Beilum Carbon Chemical, Others |
SEGMENTS COVERED | By Product Type - Lamp Black, Acetylene Black, Gas Black, Others By Application - Plastics, Printing Ink, Paint, Others By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa |
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Asia Pacific Carbon Black Market size was valued at USD 8.21 Billion in 2024 and is projected to reach USD 12.20 Billion by 2031, growing at a CAGR of 5.14% during the forecast period 2024-2031.
Asia Pacific Carbon Black Market Drivers
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The global automotive lithium-ion batteries carbon black market is anticipated to reach a value of 104 million by 2033, expanding at a CAGR of 16.8% during the forecast period (2025-2033). The market growth is primarily attributed to the increasing demand for electric vehicles, stringent government regulations on carbon emissions, and technological advancements in battery manufacturing. The Asia Pacific region is projected to dominate the market due to the presence of major automotive and electronics industries in countries like China, Japan, and South Korea. The key drivers of the market include the growing adoption of electric vehicles, the need to reduce carbon emissions, and government incentives for electric vehicles. The major trends influencing the market are the development of new and improved carbon black materials, the increasing use of carbon black in lithium-ion batteries, and the rising demand for electric vehicles in emerging markets. However, the market growth is restrained by factors such as the high cost of carbon black, the limited availability of raw materials, and the environmental concerns associated with the production of carbon black.
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The carbon-negative packaging market size is projected to be valued at US$ 77.0 million in 2023 and is expected to rise to US$ 145.0 million by 2033. The sales of carbon-negative packaging are projected to expand at a significant CAGR of 6.5% during the forecast period.
Attribute | Details |
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Carbon-negative Packaging Market Estimated Size (2023) | US$ 77.0 million |
Carbon-negative Packaging Market CAGR (2023 to 2033) | 6.5% |
Carbon-negative Packaging Market Forecasted Size (2033) | US$ 145.0 million |
Scope of the Report
Attribute | Details |
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Growth Rate | CAGR of 6.5% from 2023 to 2033 |
Base Year of Estimation | 2023 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ million and Volume in Units and F-CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
Key Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization & Pricing | Available upon Request |
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Statistics illustrates market overview of rubber; unvulcanised, (compounded other than with carbon black or silica), in primary forms, (other than plates, sheets, strip, solutions or dispersions) in British Virgin Islands from 2007 to 2024.
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The United Kingdom carbon black market value reached USD 371.10 Million in 2024. The market is further expected to grow at a CAGR of 7.40% between 2025 and 2034 to attain nearly USD 757.76 Million by 2034.