The carbon black industry plays a crucial role in various sectors, from rubber manufacturing to printing inks and paints. In this blog post, we will delve into the latest statistics and trends shaping the carbon black industry, providing valuable insights for professionals and enthusiasts alike.
The Latest Carbon Black Industry Statistics Explained
The global Carbon Black Market size was USD 13.59 billion in 2019.
The statistic that the global Carbon Black Market was valued at USD 13.59 billion in 2019 indicates the total revenue generated by the market for that specific year. Carbon black is a versatile chemical compound primarily used as a reinforcing filler in rubber and tire products, as well as in various industrial applications. This market size figure reflects the total value of all carbon black products sold worldwide in 2019. It is a key indicator of the market’s magnitude, growth potential, and economic significance, providing insights into the demand for carbon black products on a global scale and serving as a reference point for industry stakeholders, investors, and policymakers.
The annual growth rate of the carbon black industry is expected to be approximately 4% from 2020 to 2027.
The annual growth rate of the carbon black industry, estimated at around 4% from 2020 to 2027, indicates the projected average increase in the industry’s total output or revenue each year during this period. This statistic suggests a positive trend in the carbon black industry, reflecting potential expansion and economic prosperity. A 4% annual growth rate implies a relatively steady and moderate pace of development over the 7-year period, allowing stakeholders to anticipate the industry’s future performance and make informed decisions regarding investments, production, and market strategies.
Tires and Industrial Rubber products application is expected to lead in the market with a share of 60% in 2026.
The statistic provided suggests that within the market for tires and industrial rubber products, this particular application is projected to have the highest market share of 60% in the year 2026. This indicates that Tires and Industrial Rubber products are anticipated to dominate the market compared to other applications within the industry. This could reflect factors such as increased demand for tires in the automotive sector, growing industrial usage of rubber products, or advancements in technology related to tires and rubber materials. The strong market share forecasted for Tires and Industrial Rubber products application in 2026 highlights its significant presence and influence in the market compared to its competitors, making it a key player to watch within the industry.
The demand for carbon black from the printing industry in India is projected to increase at a CAGR of over 5.5% from 2020 to 2030.
The statistic indicates that the demand for carbon black, a key material used in the production of inks, from the printing industry in India is expected to grow steadily at a compound annual growth rate (CAGR) of over 5.5% from 2020 to 2030. This projected increase in demand suggests a positive outlook for the printing industry in India over the next decade, likely driven by factors such as economic growth, rising consumer demand for printed materials, and technological advancements in printing processes. Companies involved in the production and supply of carbon black for the printing industry may benefit from this anticipated growth trend and may need to ramp up their production capacity to meet the increasing demand in the market.
The Asia Pacific accounted for over 50% of the overall carbon black market volume in 2019.
The statistic “The Asia Pacific accounted for over 50% of the overall carbon black market volume in 2019” indicates that the Asia Pacific region was a dominant player in the global carbon black market during that year. Carbon black is a crucial industrial material used in various sectors such as automotive, construction, and manufacturing. The fact that over half of the market volume came from the Asia Pacific region suggests that this region has a significant demand for carbon black products, likely driven by its booming industrial sectors and growing economies. This statistic showcases the importance of the Asia Pacific region in the carbon black market and highlights its potential impact on the global supply and demand dynamics in this industry.
Carbon black is largely used in tire manufacturing and the rise in tire production is expected to drive the market demand to 15.07 million tons by 2025.
The statistic indicates that carbon black, a key component in tire manufacturing, is projected to experience increased market demand due to the expected rise in tire production. Specifically, the demand for carbon black is anticipated to reach 15.07 million tons by 2025. This growth reflects the crucial role that carbon black plays in the production of tires and suggests that the tire industry is poised for expansion within the specified timeframe. The statistic highlights the strong correlation between tire production levels and the demand for carbon black, underscoring the significance of this material in the automotive industry.
China leads the global carbon black market with a 35% share as of 2019.
The statistic that China leads the global carbon black market with a 35% share as of 2019 indicates that China holds a significant portion of the market for carbon black, a material commonly used in the production of tires, plastics, and other industrial products. This statistic suggests that China’s production and export of carbon black is a dominant force in the industry, potentially due to factors such as cost competitiveness, technological advancements, or favorable government policies. With such a substantial market share, China likely plays a crucial role in setting global prices, influencing supply and demand dynamics, and shaping the overall competitiveness of the carbon black market on a global scale.
The carbon black market in the construction sector is expected to reach a volume of around 14.8 Million Metric Tons by 2025.
The statistic indicates that the carbon black market within the construction sector is projected to grow significantly, reaching a volume of approximately 14.8 million metric tons by the year 2025. This forecast suggests a notable expansion in the demand for carbon black as a key ingredient in various construction materials, such as concrete, coatings, and sealants. Factors driving this growth may include increasing construction activities globally, the rise in infrastructure development projects, and the use of carbon black for enhancing the durability and performance of construction products. This statistic serves as an important benchmark for industry players, policymakers, and investors in assessing the potential opportunities and implications of such growth in the carbon black market within the construction sector.
Europe carbon black market size, led by Germany, UK and Russia, is set to reach over USD 3 billion by 2024.
This statistic indicates the projected size of the Europe carbon black market, highlighting that it is primarily driven by key countries such as Germany, the UK, and Russia. The market is expected to grow significantly, reaching a value of over USD 3 billion by the year 2024. This suggests a positive trend in the demand for carbon black within Europe, likely attributed to factors such as industrial growth, increasing automotive production, and the expanding construction sector. The dominance of key markets like Germany, the UK, and Russia further underscores the importance of these economies in driving the overall growth and development of the carbon black industry in Europe.
Furnace black production method holds the highest share approaching 90% in 2018.
The statistic indicates that the method of furnace black production held the largest share of the total black production market in 2018, approaching close to 90%. This suggests that furnace black production method was the predominant and most widely used technique for producing black, accounting for the majority of the market activity. This high market share may be attributed to factors such as efficiency, cost-effectiveness, technological advancement, or other benefits associated with furnace black production compared to other methods. Overall, the statistic highlights the strong dominance and prevalence of furnace black production in the black production industry during the year 2018.
More than 70% of total carbon black production worldwide is consumed by the tire industry.
The statistic stating that more than 70% of total carbon black production worldwide is consumed by the tire industry indicates a significant dependence of the tire industry on this key raw material. Carbon black is commonly used as a reinforcing filler in rubber products, providing important properties such as increased strength, durability, and resistance to abrasion. Given the large amount of carbon black consumed by the tire industry, it highlights the critical role this material plays in the production of tires globally. This statistic also reveals the substantial impact that the tire industry has on the overall demand and market for carbon black, underscoring the importance of this industry in driving the consumption of this essential material.
The total revenue of the Russian carbon black market reduced by 21% in 2018 as compared to 2017.
The statistic indicates that in 2018, the total revenue generated in the Russian carbon black market decreased by 21% in comparison to the revenue generated in 2017. This reduction in revenue suggests a significant decline in the overall economic activity within the carbon black industry in Russia during 2018. Factors such as changes in demand, prices, production levels, or market competition could have contributed to this decline. Monitoring and analyzing such statistics are crucial for stakeholders in the carbon black market to understand market trends, make informed business decisions, and develop strategies to adapt to changing market conditions effectively.
Specialty Carbon Black Market size exceeded USD 700 million, globally in 2018.
The statistic “Specialty Carbon Black Market size exceeded USD 700 million globally in 2018” indicates the total value of the specialty carbon black market in terms of revenue generated worldwide during the year 2018. Carbon black is a form of carbon with unique properties that make it a valuable material in various industries such as automotive, plastics, and printing inks. The market size exceeding USD 700 million suggests a significant demand for specialty carbon black products on a global scale, reflecting the importance and growth of this industry in meeting the needs of various sectors. This statistic provides an insight into the economic impact and scale of the specialty carbon black market in the year 2018.
A surge in demand from the plastics industry is propelling the carbon black market’s growth at a CAGR of over 8.5% from 2019 to 2024.
This statistic indicates that the carbon black market is experiencing a significant increase in demand driven primarily by the plastics industry. The Compound Annual Growth Rate (CAGR) of over 8.5% from 2019 to 2024 suggests that the market is expected to expand steadily during this period. This growth rate is a key indicator of the market’s overall health and trajectory. The surge in demand from the plastics industry signals a strong market opportunity for carbon black producers, as they are likely to benefit from the increased demand for their product in this sector. It also implies that there is a positive outlook for the carbon black market over the next few years, with the potential for continued growth and profitability.
U.S. carbon black market size had exceeded USD 1.1 billion in 2017.
The statistic ‘U.S. carbon black market size had exceeded USD 1.1 billion in 2017’ indicates that the total value of carbon black products sold in the United States during the year 2017 surpassed $1.1 billion. Carbon black is a material widely used in various industries such as rubber manufacturing, plastics, and printing inks for its reinforcing and coloring properties. This statistic suggests that there was significant demand for carbon black products in the U.S. market in 2017, likely driven by the growth of industries that utilize these products. The size of the market exceeding $1.1 billion signifies a substantial economic value attributed to carbon black products within the U.S. economy during that year.
The market price of carbon black around the globe is estimated to rise from $13.6 billion in 2019 to $15.8 billion in 2023.
The statistic refers to the projected increase in the global market value of carbon black, a material commonly used in the production of tires, plastics, and other industrial products. The estimated rise from $13.6 billion in 2019 to $15.8 billion in 2023 suggests a positive trend in the demand for carbon black over this period. This growth could be driven by various factors such as increasing industrialization, infrastructure development, and growing automotive production worldwide. The upward trajectory in market value indicates a potential expansion in the usage and applications of carbon black across industries, reflecting overall economic growth and market demand dynamics.
Most of the Carbon black produced globally (over 70%) is used as a pigment and reinforcing phase in automobile tires.
The statistic that over 70% of Carbon black produced globally is used as a pigment and reinforcing phase in automobile tires highlights the significant role of Carbon black in enhancing the properties of tires. Carbon black, a form of elemental carbon produced through the incomplete combustion of hydrocarbons, is added to rubber compounds to improve the durability, strength, and overall performance of tires. As a pigment, Carbon black provides the black color of tires, while as a reinforcing phase, it helps enhance the mechanical properties and abrasion resistance of the rubber. This statistic underscores the crucial importance of Carbon black in the tire manufacturing industry, where its usage is not only widespread but also essential for producing high-quality tires that meet the demands of modern vehicles and road conditions.
In Latin America, carbon black market is expected to expand at a CAGR of 4.25% during the period 2021-2027.
This statistic indicates that the carbon black market in Latin America is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.25% between the years 2021 and 2027. This growth rate suggests a steady annual increase in market size over the specified period. A CAGR is a useful measure to understand the overall growth rate of an investment or market because it smooths out fluctuations and provides a clear picture of the cumulative effect of growth over time. In this context, the statistic suggests that the carbon black market in Latin America is expected to experience continued expansion and offers insights for businesses and policymakers to make informed decisions about investments and strategies in the region.
References
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