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North America Carbon Black Market Size (2024 - 2029)

The North American carbon black market is experiencing a recovery and is poised for growth, driven by factors such as the expanding tire industry and the increasing use of specialty carbon black. Despite challenges like environmental concerns, raw material price volatility, and competition from silica substitutes, the market is set to benefit from opportunities in the electric vehicle sector and the paints and coatings industry. The United States is anticipated to lead the market in terms of market size and growth rate during the forecast period.

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Market Size of North America Carbon Black Industry

North America Carbon Black Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 2.50 %
Market Concentration High

Major Players

North America Carbon Black Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Carbon Black Market Analysis

The North American carbon black market is expected to reach over USD 2,950 million by the end of this year and is projected to register a CAGR of over 2.5% during the forecast period.

COVID-19 negatively impacted the North American carbon black market in 2020 due to the shutting down of production units and disruptions in the supply chain of the tire and rubber industry. However, the sector is recovering well since restrictions were lifted. The rise in automotive production from 2021 is expected to impact the studied market positively.

  • Over the short term, the growing tire industry and increasing penetration of specialty carbon black are some factors driving the market demand in North America.
  • Environmental concerns associated with the manufacturing of carbon black, volatility of raw material prices, and availability of silica substitutes may hinder the market's growth.
  • The growing adoption of electric cars and increasing demand and usage in the paints and coating industry will likely create opportunities for the market in the coming years.
  • The United States is expected to dominate the market and will also witness the highest CAGR during the forecast period.

North America Carbon Black Industry Segmentation

Carbon black is a fine carbon powder made by incomplete combustion or thermal decomposition of gaseous or liquid hydrocarbons under controlled conditions. It mainly strengthens rubber in tires and acts as a pigment and UV (Ultraviolet) stabilizer. Additionally, carbon black is used as a conductive or insulating agent in plastic, ink, and coating applications. The North American carbon black market is segmented by process type, application, and geography. By process type, the market is segmented into furnace black, gas black, lamp black, and thermal black. By application, the market is segmented into tires and industrial rubber products, plastics, toners and printing inks, coatings, textile fibers, and other applications. The report also covers the market size and forecasts for the market studied in three major countries across the North American region. The report offers the market sizes and forecasts for each segment based on revenue (USD million) and volume (kilotons).

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
United States
Canada
Mexico
Rest of North America
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North America Carbon Black Market Size Summary

The North American carbon black market is poised for steady growth, driven by the recovery from COVID-19 impacts and the resurgence of automotive production. The market is experiencing increased demand from the tire industry, where carbon black is essential for enhancing tire performance characteristics such as tread wear, fuel efficiency, and longevity. The growing penetration of specialty carbon black further fuels market expansion. However, challenges such as environmental concerns, raw material price volatility, and the availability of silica substitutes could impede growth. Opportunities are emerging from the rising adoption of electric vehicles and the expanding use of carbon black in the paints and coatings industry, particularly in the United States, which is expected to dominate the market.

The United States stands as a significant player in the carbon black market, being one of the largest producers and consumers globally. The country's robust tire industry, supported by major manufacturers like Goodyear and Michelin, drives substantial demand for carbon black. Additionally, the paints and coatings sector, along with the flexible packaging industry, contributes to the market's growth. Despite fluctuations in textile and apparel manufacturing, non-apparel textiles are gaining importance. The market is partially consolidated, with key players such as Birla Carbon and Orion Engineered Carbons leading the industry. Recent investments in emission reduction technologies highlight the sector's commitment to environmental sustainability, while regulatory challenges have led to plant closures, impacting production dynamics.

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North America Carbon Black Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Tire Industry

      2. 1.1.2 Increasing Penetration of Specialty Carbon Black

    2. 1.2 Restraints

      1. 1.2.1 Environmental Concerns Associated With the Manufacturing of Carbon Black

      2. 1.2.2 Volatility in Raw Material Prices

      3. 1.2.3 Silica Substituting Carbon Black

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value and Volume)

    1. 2.1 Process Type

      1. 2.1.1 Furnace Black

      2. 2.1.2 Gas Black

      3. 2.1.3 Lamp Black

      4. 2.1.4 Thermal Black

    2. 2.2 Application

      1. 2.2.1 Tires and Industrial Rubber Products

      2. 2.2.2 Plastics

      3. 2.2.3 Toners and Printing Inks

      4. 2.2.4 Coatings

      5. 2.2.5 Textile Fibers

      6. 2.2.6 Other Applications

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

      4. 2.3.4 Rest of North America

North America Carbon Black Market Size FAQs

The North America Carbon Black Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)

Birla Carbon, Cabot Corporation, Orion Engineered Carbons, Tokai Carbon Co. Ltd and Mitsubishi Chemical Corporation are the major companies operating in the North America Carbon Black Market.

North America Carbon Black Market Report Snapshots

North America Carbon Black Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)