Europe and Asia Pacific Carbon Black Market Size, Share 2032
Europe and Asia Pacific Carbon Black Market Size and Forecast (2025 - 2032), By Process Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black), By Grade (Standard Grade, Specialty Grade), By Application (Tire, Non-Tire Rubber, Plastics, Inks & Coatings, Others), and Regional.
Market Overview:
“The Europe and Asia Pacific carbon black market is expected to reach a high CAGR of 4.2% over the Forecast Period 2025-2032, reaching USD YY billion by 2032 from USD XX billion in 2024.”
East Asia dominates the market, accounting for YY% of the regional share. Key metrics include increasing demand from the automotive industry, rising adoption in plastics and coatings, and growing focus on specialty grades for high-performance applications.
The carbon black market in Europe and Asia Pacific is constantly expanding, thanks mostly to the expanding automotive sector, particularly in emerging markets, and the growing use of carbon black in a wide range of industrial applications. To accommodate changing customer demands and stringent environmental regulations, the market is shifting to more sustainable manufacturing techniques and higher-value speciality grades.
Europe and Asia Pacific Carbon Black Market Dynamics:
Market Trend: Growing demand for specialty carbon black grades in high-performance applications drives product innovation
The carbon black market is shifting rapidly towards specialist grades as demand for high-performance materials in a range of end-user sectors grows. Companies are investing in research and development to create new carbon black materials with improved properties such as conductivity, UV protection, and colour intensity. Birla Carbon, for example, has launched a new line of carbon black compounds geared largely towards conductive polymers and high-performance coatings.
The growing use of carbon black in emerging applications such as 3D printing and energy storage reinforces the trend even further. According to a recent study done by the European Chemical Industry Council, speciality chemicals, including carbon black, are growing at twice the rate of ordinary chemicals, indicating a large market opportunity for improved carbon black products.
Market Driver: Robust growth in the automotive and tire industries in Asia Pacific fuels demand for carbon black
The growing automobile sector in Asia Pacific, particularly in China, India, and Southeast Asia, is a significant contributor to the carbon black market. As vehicle production and sales increase, so does the demand for carbon black in the manufacturing of tires and other automotive components.
The International Organisation of Motor Vehicle Manufacturers anticipates Asia Pacific to account for more than half of global vehicle manufacturing by 2023, with China leading the way. This expansion coincides with increased demand for carbon black. Furthermore, the switch to electric vehicles creates new opportunities for carbon black in battery applications and lightweight materials, fuelling market growth.
Market Restraint: Environmental concerns and stricter regulations on carbon emissions challenge traditional production methods
The carbon black industry faces significant challenges due to environmental concerns about its manufacturing process, particularly the furnace black method, which is the most widely utilised. Stricter carbon emission and air quality rules in Europe and Asia Pacific put pressure on businesses to adopt more environmentally friendly production techniques. This is especially concerning for small businesses, which may struggle to meet the high costs of implementing environmentally friendly practices. The European Union's Industrial Emissions Directive and China's Blue Sky Protection Campaign are two examples of legislative initiatives that affect the carbon black industry.
Segment Overview:
Furnace black dominates the carbon black market, accounting for over YY% of the production in Europe and Asia Pacific.
The furnace black segment leads the carbon black market due to its versatility, cost-effectiveness, and suitability for large-scale manufacturing. This process has greatly improved in recent years, thanks primarily to developments in energy efficiency and pollution control technologies.
Furnace black is still the preferred choice in the tire industry, the world's largest consumer of carbon black, because of its ability to increase tire performance, durability, and fuel economy. The furnace black market is still being fuelled by increased demand for high-performance tires, particularly in Asia Pacific. According to the European Tyre and Rubber Manufacturers' Association, tyre output in Europe will increase by 4.5% in 2023, with a similar trend observed in Asia Pacific.
Furnace black is also commonly used in the plastics industry, especially in applications requiring UV protection and color stability. Carbon black is in great demand in Asia Pacific's packaging industry, which is expanding due to e-commerce and shifting customer preferences. According to a recent report by the China Plastics Processing Industry Association, China's plastic product output would expand by 6.8% in 2023, with carbon black playing an important role in many of these items.
Regional Outlook:
East Asia leads the Europe and Asia Pacific carbon black market, driven by robust industrial growth and increasing automotive production.
East Asia's supremacy in the carbon black market stems from the region's strong manufacturing base, rapidly expanding automotive sector, and rising demand for consumer goods. China, the region's top producer and consumer of carbon black, is fuelling the spike.
The automotive industry in East Asia has been a major source of carbon black use. According to the China Association of Automobile Manufacturers, Chinese car manufacturing will reach XX million units in 2023, up 5.2% over the previous year. This breakthrough has raised the need for carbon black in tire manufacturing and other automotive components.
The concentration of high-tech companies in Japan and South Korea has boosted demand for specialist carbon black grades. These countries are pioneering the creation of new materials for electronics, energy storage, and other high-performance applications. The Japanese government's "Society 5.0" program, which encourages the integration of sophisticated technology across industries, has indirectly increased demand for specialised carbon black in advanced applications.
Europe, while not growing as swiftly as East Asia, is a substantial market for carbon black, particularly in Western European countries. The region's emphasis on sustainability and circular economy principles encourages innovation in carbon black production and utilisation. For example, the European tire industry's commitment to increasing the use of sustainable materials has led to the creation of recovered carbon black from end-of-life tires, thereby creating new market opportunities.
India is emerging as a major carbon black market in South Asia, thanks to its expanding automotive and manufacturing sectors. The Indian government's "Make in India" initiative, as well as infrastructure development spending, are expected to boost demand for carbon black in the coming years.
Competitive Intelligence:
The carbon black market in Europe and Asia Pacific is moderately concentrated, with a few major global companies leading the way, as well as several regional manufacturers. To maintain their market position and meet expanding demand, prominent corporations are investing in capacity expansion, technological innovation, and strategic alliances.
Birla Carbon is a global leader in carbon black production, having significant operations in Europe and Asia Pacific. The company has prioritized sustainability and innovation, particularly in developing "Continua" sustainable carbonaceous materials to meet the growing need for environmentally friendly products. Cabot Corporation, another major player, has been expanding its production capacity in Asia, particularly in China and Indonesia, to satisfy increased regional demand.
Orion Engineered Carbons has improved its position in the specialist carbon black market, particularly in Europe, through product development and strategic acquisitions. The company's focus on high-performance applications in coatings, polymers, and printing inks has helped it establish a strong market position in the speciality sector.
Businesses in the Asia Pacific region, like China Synthetic Rubber Corporation (CSRC) and Jiangxi Black Cat Carbon Black Co., Ltd., have increased their market share by expanding capacity and focusing on rapidly growing domestic markets. These enterprises also intend to expand their presence in international markets, particularly Southeast Asia and India.
Analyst Opinion:
The carbon black market in Europe and Asia Pacific is predicted to rise steadily over the next several years, owing to Asia's expanding automotive sector and increased demand for speciality grades in a variety of industries. The market is increasingly changing to more sustainable and high-value products, creating new opportunities for innovation and differentiation.
One of the most notable changes in the carbon black environment is a greater emphasis on circular economy concepts. We are seeing an increase in projects to produce recovered carbon black from end-of-life tires and other waste materials, which may disrupt the current carbon black manufacturing process. This is especially true in Europe, where environmental regulations and sustainability goals drive innovation in material recycling and reuse.
Another trend to watch is the increasing usage of carbon black in new materials and technology. Carbon black is finding new applications in rapidly expanding industries, including conductive polymers for electric vehicle components and improved solar panel coatings. The diversification of end-use applications is expected to increase demand for more specialized and high-value carbon black.
Sustainability is becoming more essential in the carbon black industry. As environmental regulations tighten, particularly in Europe and developed Asian countries, we anticipate increased investment in cleaner industrial technologies and the development of more ecologically acceptable carbon black alternatives. Companies that effectively balance performance, cost, and sustainability are projected to become industry leaders in the next few years.
Major Players:
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Birla Carbon
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Cabot Corporation
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Orion Engineered Carbons
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China Synthetic Rubber Corporation (CSRC)
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Jiangxi Black Cat Carbon Black Co., Ltd.
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Tokai Carbon Co., Ltd.
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Omsk Carbon Group
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Phillips Carbon Black Limited
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Himadri Specialty Chemical Ltd
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Longxing Chemical
Key Developments:
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Birla Carbon announced in September 2024 that it will increase its specialist carbon black manufacturing capacity in South Korea to meet rising demand in the Asia-Pacific region.
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In July 2024, Cabot Corporation develops a new series of conductive carbon black compounds designed specifically for battery use in electric vehicles.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)
5. COMPANY PROFILES
5.1. Birla Carbon
5.2. Cabot Corporation
5.3. Orion Engineered Carbons
5.4. China Synthetic Rubber Corporation (CSRC)
5.5. Jiangxi Black Cat Carbon Black Co., Ltd.
5.6. Tokai Carbon Co., Ltd.
5.7. Omsk Carbon Group
5.8. Phillips Carbon Black Limited
5.9. Himadri Specialty Chemical Ltd
5.10. Longxing Chemical (*LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Growing demand for specialty carbon black grades in high-performance applications drives product innovation
6.1.2. Increasing focus on sustainable and recovered carbon black production
6.1.3. Integration of carbon black in advanced materials and emerging technologies
6.2. Market Drivers
6.2.1. Robust growth in the automotive and tire industries in Asia Pacific fuels demand for carbon black
6.2.2. Expanding plastics and packaging industries in emerging economies
6.2.3. Rising adoption of carbon black in high-tech applications and energy storage systems
6.3. Market Restraints
6.3.1. Environmental concerns and stricter regulations on carbon emissions challenge traditional production methods
6.3.2. Volatility in raw material prices affecting production costs
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY PROCESS TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
7.1. Furnace Black
7.1.1. Standard Grade
7.1.2. Specialty Grade
7.2. Channel Black
7.3. Thermal Black
7.4. Acetylene Black
8. BY GRADE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
8.1. Standard Grade
8.1.1. N100 Series
8.1.2. N200 Series
8.1.3. N300 Series
8.1.4. N500 Series
8.1.5. N600 Series
8.1.6. N700 Series
8.2. Specialty Grade
8.2.1. Conductive Grades
8.2.2. Fiber Grades
8.2.3. Food Contact Grades
8.2.4. Others
9. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
9.1. Tire
9.1.1. Passenger Car Tires
9.1.2. Commercial Vehicle Tires
9.1.3. Off-Road Tires
9.2. Non-Tire Rubber
9.2.1. Industrial Rubber Products
9.2.2. Automotive Rubber Parts
9.3. Plastics
9.3.1. Packaging
9.3.2. Automotive Plastics
9.3.3. Electrical & Electronics
9.4. Inks & Coatings
9.4.1. Printing Inks
9.4.2. Paints and Coatings
9.5. Others
9.5.1. Batteries
9.5.2. Carbon Brushes
9.5.3. Graphite Electrodes
10. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
10.1. Western Europe
10.1.1. Germany
10.1.2. United Kingdom
10.1.3. France
10.1.4. Italy
10.1.5. Spain
10.1.6. Rest of Western Europe
10.2. Eastern Europe
10.2.1. Russia
10.2.2. Poland
10.2.3. Rest of Eastern Europe
10.3. East Asia
10.3.1. China
10.3.2. Japan
10.3.3. South Korea
10.4. South Asia
10.4.1. India
10.4.2. Pakistan
10.4.3. Bangladesh
10.4.4. Rest of South Asia
10.5. Southeast Asia
10.5.1. Indonesia
10.5.2. Thailand
10.5.3. Vietnam
10.5.4. Malaysia
10.5.5. Rest of Southeast Asia
10.6. Oceania
10.6.1. Australia
10.6.2. New Zealand
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
By Process Type:
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Furnace Black
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Channel Black
-
Thermal Black
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Acetylene Black
By Grade:
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Standard Grade
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Specialty Grade
By Application:
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Tire
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Non-Tire Rubber
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Plastics
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Inks & Coatings
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Others
By Region:
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Western Europe
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Eastern Europe
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East Asia
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South Asia
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Southeast Asia
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Oceania
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