Carbon black market forecast from 2022 to 2027

May 11, 2022

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According to foreign research, the world Carbon Black market will be worth nearly 15 billion US dollars in 2021. Driven by the continuous rise of applications in the tire and automobile industry, it is estimated that the carbon black market will maintain a compound annual growth rate of 5.7% from 2022 to 2027, and the value of carbon black will reach US $22.1 billion by 2027.

Carbon black can promote the physical, electrical and optical properties of a variety of materials. It is the product of natural gas or oil under incomplete combustion. It has high surface area and volume ratio and is in the form of black amorphous carbon powder or particle.

Carbon black is the black pigment of newspaper ink, the conductive agent of high-tech materials and the reinforcing agent of rubber industry.

Carbon black plays a reinforcing role in the rubber industry and can improve the resilience, tear strength, conductivity and other physical properties of rubber products.

The development of automobiles and tires and the increasing demand have driven the development of the world carbon black market. Carbon black has the function of preventing tire aging. Its principle is that carbon black can protect tires from the destructive effects of UC light and ozone. At the same time, carbon black promotes the hardness of the tire and makes it stronger, resulting in more reliable driving. In terms of automobiles, carbon black can improve the service life of vehicles, which has a positive impact on the development of the whole market.

At present, the major carbon black manufacturers are increasing their R & D efforts, hoping to reduce the generation of waste and drive the sustainable development of the carbon black industry.

At the same time, the agency predicts that the Asia Pacific region will lead the development of the world carbon black market in the future, mainly due to the existence of leading automobile manufacturers in the region and the strong development of manufacturing industry.

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