Market Size of Rubber Carbon Black Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Rubber Carbon Black Market Analysis
The Global Rubber Carbon Black Market was valued at 10,701.4 kilo tons in 2021 and is projected to register a CAGR of around 3% during the forecast period (2022-2027).
Carbon black is an elemental carbon in the form of extremely fine particles having an amorphous molecular structure. Other than carbon, carbon black also contains small quantities of other elements such as oxygen, hydrogen, and sulfur. Rubber grade carbon black is mainly used in tires to increase the durability and strength of the tire and also darkens the color of the tire. Rubber grade carbon black also finds applications in mechanical rubber goods such as hoses, belts, gaskets, vibration control, and footwear.
- Over the short term, the increasing demand for automotive tires and the increasing demand for carbon black for industrial rubber applications are some driving factors stimulating the market demand.
- Fluctuation in prices of oil-derived feedstocks used for black carbon manufacturing, increasing use of green tires, and growing environmental concerns regarding harmful particulate matter emissions while producing carbon black are hindering the market's growth.
- Increasing the use of recycled and bio-based carbon black will likely create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.
