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NORTH AMERICA CARBON BLACK MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

North America Carbon Black Market by Process Type (Furnace Black, Gas Black, Lamp Black, Thermal Black) Market by Application (Tires & Industrial Rubber Products, Plastics, Toners & Printing Inks, Paints & Coatings, Textile Fibers, Other Applications) by Geography


MARKET OVERVIEW

The North America carbon black market is set to progress with a CAGR of 4.26% during the forecasted years of 2023 to 2032, capturing a revenue share of $2653.38 million by 2032.

The market growth of the region is anticipated to be strengthened by key drivers, such as the expansion of automotive and commercial building activities as well as the swift economic recovery in the United States. However, the North America carbon black market may be obstructed due to the increased price of raw materials.

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The North America carbon black market growth evaluation constitutes the analysis of the United States and Canada. The United States is the largest producer as well as consumer of carbon black, following China. The nation manufactures over 1.6 million metric tons of carbon black through the support of 15 operating plants by market giants, such as Cabot Corporation, Continental Carbon Co, Birla Carbon, and Orion Engineered Carbons. Furthermore, the domestic demand for carbon black has continued to exceed production, with an estimated shortfall of more than 300 million pounds by the end of the forecast period. Hence, in order to capitalize on this scenario, new manufacturers have been entering the United States market, thus promoting the market’s growth. 

On the other hand, the demand for truck and bus radial (TBR) tires is witnessing a growing trend in Canada, subsequently bolstering the carbon black market in the country. However, since the majority of natural rubber used in Canada is imported, this factor provides a relatively lower scope for growth in the sphere of industrial rubber. Despite the current negative trends, the future of the automotive sector over the upcoming years is optimistic. This is mainly due to the growing need to replace currently circulating vehicles, with some of the worst average CO2 levels worldwide. As a result, the aforementioned aspects are set to influence the North America carbon black market growth during the forecasting period. 

The North America carbon black market is segmented into process type and application. The application segment includes tires & industrial rubber products, plastics, paints & coatings, textile fibers, toners & printing inks, and other applications. Carbon black is utilized in vehicle tires as a filler and a strengthening reinforcing agent. In this regard, carbon black is a reinforcement frequently used in the tire industry due to its effect on the mechanical as well as dynamic properties of tires.

Conversely, carbon black is used in film and sheet applications since its particles absorb ultraviolet (UV) radiation in polymers. This helps avoid surface material degradation caused by exposure to sunlight. It is also utilized in various applications, such as packaging and lamination films, agriculture mulch films, geosynthetics, and geomembranes since it offers protection from adverse weather conditions.

Distinguished players operating in the North America carbon black market include Cabot Corporation, Mitsubishi Chemical Corporation, Orion Engineered Carbons SA, etc.

Cabot Corporation, headquartered in the United States, is a global specialty chemical and performance materials company. It manufactures and sells inkjet colorants, reinforcing as well as specialty carbons, fumed metal oxides, specialty compounds, activated carbons, and aerogel. The company also provides its products to a diverse range of customers, including food & beverage processors, water treatment plants, pharmaceutical companies, and catalyst producers. 

The company offers carbon black under the series PROPEL® X. It enables enhanced grip as well as handling quality in tread applications for ultra-high-performance cars, racing, and motorcycle tires.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Process Type and Application
Countries AnalyzedThe United States and Canada
Companies AnalyzedAditya Birla Group, Cabot Corporation, Imerys Graphite & Carbon, Mitsubishi Chemical Corporation, OCI Company Ltd, Epsilon Carbon Private Limited, International CSRC Investments Holdings Co Ltd, OMSK Carbon Group, Orion Engineered Carbons SA, Tokai Carbon Co Ltd

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. FURNACE BLACK IS THE MOST USED TECHNOLOGY
      2. TIRES & INDUSTRIAL RUBBER PRODUCTS IS THE LARGEST APPLICATION
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GROWING APPLICATION OF CARBON BLACK IN THE FIBER & TEXTILE INDUSTRY AND OTHER NON-RUBBER APPLICATIONS
      2. SPECIALTY CARBON BLACK’S INCREASING MARKET PENETRATION 
      3. RISING DEMAND FOR WIRE & CABLE, PRESSURE PIPES, AND CONSTRUCTION MATERIALS
    2. KEY RESTRAINTS
      1. INCREASED USAGE OF GREEN TIRES
      2. AVAILABILITY OF SUBSTITUTES
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
    7. TRADE ANALYSIS
      1. CARBON BLACK IMPORT, BY TOP 5 COUNTRIES, 2016-2021
      2. CARBON BLACK EXPORT, BY TOP 5 COUNTRIES, 2016-2021
  5. MARKET BY PROCESS TYPE
    1. FURNACE BLACK
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. GAS BLACK
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. LAMP BLACK
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. THERMAL BLACK
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY APPLICATION
    1. TIRES & INDUSTRIAL RUBBER PRODUCTS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. PLASTICS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. TONERS & PRINTING INKS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. PAINTS & COATINGS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. TEXTILE FIBERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA CARBON BLACK MARKET DRIVERS
      3. NORTH AMERICA CARBON BLACK MARKET CHALLENGES
      4. NORTH AMERICA CARBON BLACK MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN NORTH AMERICA CARBON BLACK MARKET
      6. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES CARBON BLACK MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA CARBON BLACK MARKET SIZE & OPPORTUNITIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ADITYA BIRLA GROUP
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      2. CABOT CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      3. EPSILON CARBON PRIVATE LIMITED
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      4. IMERYS GRAPHITE & CARBON
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      5. INTERNATIONAL CSRC INVESTMENTS HOLDINGS CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      6. MITSUBISHI CHEMICAL CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      7. OCI COMPANY LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      8. OMSK CARBON GROUP
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      9. ORION ENGINEERED CARBONS SA
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      10. TOKAI CARBON CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – CARBON BLACK

TABLE 2: CARBON BLACK MANUFACTURING METHOD AND RAW MATERIAL REQUIRED

TABLE 3: NORTH AMERICA CARBON BLACK MARKET, BY PROCESS TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4: NORTH AMERICA CARBON BLACK MARKET, BY PROCESS TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 5: NORTH AMERICA CARBON BLACK MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: NORTH AMERICA CARBON BLACK MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 7: NORTH AMERICA CARBON BLACK MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: NORTH AMERICA CARBON BLACK MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 9: NORTH AMERICA CARBON BLACK MARKET REGULATORY FRAMEWORK

TABLE 10: KEY PLAYERS OPERATING IN NORTH AMERICA CARBON BLACK MARKET

TABLE 11: LIST OF MERGERS & ACQUISITIONS

TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR THE UNITED STATES

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: VALUE CHAIN ANALYSIS

FIGURE 7: CARBON BLACK IMPORT, BY TOP 5 COUNTRIES, 2016-2021 (IN KILO METRIC TONS)

FIGURE 8: CARBON BLACK EXPORT, BY TOP 5 COUNTRIES, 2016-2021 (IN KILO METRIC TONS)

FIGURE 9: NORTH AMERICA CARBON BLACK MARKET, GROWTH POTENTIAL, BY PROCESS TYPE, IN 2022

FIGURE 10: NORTH AMERICA CARBON BLACK MARKET, BY FURNACE BLACK, 2023-2032 (IN $ MILLION)

FIGURE 11: NORTH AMERICA CARBON BLACK MARKET, BY GAS BLACK, 2023-2032 (IN $ MILLION)

FIGURE 12: NORTH AMERICA CARBON BLACK MARKET, BY LAMP BLACK, 2023-2032 (IN $ MILLION)

FIGURE 13: NORTH AMERICA CARBON BLACK MARKET, BY THERMAL BLACK, 2023-2032 (IN $ MILLION)

FIGURE 14: NORTH AMERICA CARBON BLACK MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 15: NORTH AMERICA CARBON BLACK MARKET, BY TIRES & INDUSTRIAL RUBBER PRODUCTS, 2023-2032 (IN $ MILLION)

FIGURE 16: NORTH AMERICA CARBON BLACK MARKET, BY PLASTICS, 2023-2032 (IN $ MILLION)

FIGURE 17: NORTH AMERICA CARBON BLACK MARKET, BY TONERS & PRINTING INKS, 2023-2032 (IN $ MILLION)

FIGURE 18: NORTH AMERICA CARBON BLACK MARKET, BY PAINTS & COATINGS, 2023-2032 (IN $ MILLION)

FIGURE 19: NORTH AMERICA CARBON BLACK MARKET, BY TEXTILE FIBERS, 2023-2032 (IN $ MILLION)

FIGURE 20: NORTH AMERICA CARBON BLACK MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 21: NORTH AMERICA CARBON BLACK MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 22: UNITED STATES CARBON BLACK MARKET, 2023-2032 (IN $ MILLION)

FIGURE 23: CANADA CARBON BLACK MARKET, 2023-2032 (IN $ MILLION)

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