Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| Growth Rate | 5.00% CAGR |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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South America Carbon Black Market Analysis by Mordor Intelligence
The South America Carbon Black Market is expected to register a CAGR of greater than 5% during the forecast period.
- Availability of substitutes and volatility of raw material prices are expected to hinder the growth of the market studied.
- Tires and industrial rubber products are expected to dominate the consumption of carbon black in the application segmentation.
- Brazil is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
South America Carbon Black Market Trends and Insights
Increasing Application for Tires and Industrial Rubber Products
- Carbon black is used in tires primarily as a filler to enhance its various characteristics such as tread wear, fuel economy, longevity, etc.
- Carbon black is mainly required in the inner liners, sidewalls, and carcasses. It has heat-dissipation capabilities when added to rubber compounds. It also improves handling, tread wear, fuel mileage, as well as provides abrasion resistance.
- Carbon black is one of the most important industrial chemicals manufactured globally. Other than tires, it is also required for various molded and extruded industrial rubber products, such as conveyor belts, gaskets, air springs, grommets, vibration isolation devices, and hoses. It provides flex strength in such products.
- Furthermore, in the rubber industry, carbon black is majorly used as a filler to achieve reinforcing effects, such as altering the modulus or tensile strength. In rubber-based adhesives, sealants, and coatings, it is used to enhance the intermolecular or cohesive forces of the product and to impart conductivity. Furthermore, in coatings, carbon black is used as a light-absorbing additive to counteract chemical degradation reactions.
- Therefore, considering the aforementioned factors, the demand for carbon black is expected to rise from the tires and industrial rubber products segment moderately during the forecast period.
Brazil to Dominate the Market
- Brazil is among the top ten global countries for rubber production. It represents around 1.5% of the total global output, with the production of around 190 thousand metric tons. The rubber production is expected to increase with the revamped farming of rubber plantations, which is expected to provide more opportunities for the growth of domestic tire production in the country over the coming years.
- Brazil represent the largest tire producing country in the entire South American region. Brazil stood as South America's largest exporter of tires in terms of revenue.
- According to a forecast released by the São Paulo state construction union, though the construction industry is facing a down turn from the past two years, the GDP of Brazil from the construction industry grew. Construction of new hotels, coupled with extension of the existing hotels, is likely to boost commercial construction in Brazil. With the positive growth of the construction industry, the consumption of plastics and paints and coatings is expected to grow over the forecast period.
- The country's infrastructure sector is currently under flux. To overcome this, the government has recently launched a program for infrastructure worth over USD 120 billion. This infrastructure plan is solely focused on leveraging private sector logistics investment.
- The Brazilian textile industry is the fifth largest manufacturing industry in the world and is expected to increase at a healthy rate with the advancement in technologies. With the growing textile industry, the demand for carbon black from this industry is also expected to grow rapidly.
- Overall, the market for carbon black in Brazil is expected to grow at a moderate rate during the forecast period.
Competitive Landscape
The South America carbon black market is consolidated in nature. The major companies include Cabot Corporation, Mitsubishi Chemical Holdings Corporation, Orion Engineered Carbons, Phillips Carbon Black Ltd, and Birla Carbon, among others.
South America Carbon Black Industry Leaders
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Cabot Corporation
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Mitsubishi Chemical Holdings Corporation
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Orion Engineered Carbons
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Birla Carbon
- *Disclaimer: Major Players sorted in no particular order
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South America Carbon Black Market Report Scope
The South America carbon black market report includes:
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 |
Geography
| Brazil |
| Argentina |
| Colombia |
| Chile |
| Rest of South America |
| 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 | |
| Geography | Brazil |
| Argentina | |
| Colombia | |
| Chile | |
| Rest of South America |
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Key Questions Answered in the Report
What is the current South America Carbon Black Market size?
The South America Carbon Black Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)
Who are the key players in South America Carbon Black Market?
Cabot Corporation, Mitsubishi Chemical Holdings Corporation, Orion Engineered Carbons and Birla Carbon are the major companies operating in the South America Carbon Black Market.
What years does this South America Carbon Black Market cover?
The report covers the South America Carbon Black Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Carbon Black Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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