Carbon Black Market Business Analysis, Growth and Forecast Report


The carbon black market will reach a value of USD 19,135.3 million by 2030 from an estimated value of USD 13,622.8 million in 2023, at a compound annual growth rate of 5% in the years to come.

The growth is of the industry is attributed to the increasing use of this product in plastic manufacturing. Principally, the expanding use of these kinds of polymers in electronic and electrical goods pushes the requirement for carbon black.

Plastics will grow the fastest in the years to come as well. Carbon black is widely used for conductive packaging, semi-conductive cable compounds, films, fibers, moldings, and pipes.

Some of the important uses of plastics made from this compound are industrial bags, stretch wraps, refuse sacks, agriculture mulch film, and photographic containers. It is used in the making conductive plastics as it exhibits electrical conductivity and antistatic properties.


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For these sectors, rubber products are put to use in making tires, belts, hoses, gaskets, wires & cables, windows & doors, and air springs. Nearly every rubber compound comprises some amount of carbon black as a filler, for strengthening and improving its physical characteristics. Furthermore, it aids in hardening the volume and vulcanization of rubber.

Furthermore, the specialty category will grow at a considerable rate in the future because of the growing use of specialty carbon black in coatings and inks and plastic industries.

APAC is the leader of the industry in the current scenario. The high requirement for will continue to support the industry advance. Additionally, the fast monetary development, accompanied by the quick development and industrialization in the developing countries of the region, has powered the requirement for carbon black.

The snowballing FDI and supportive guidelines are further boosting the development of the industry.

This product is used in the process of plastic manufacturing, and it is because of this fact, the demand for carbon black is on the rise all over the world. This trend will continue in the years to come as well.