The global carbon black market is being driven by the growing carbon black market in the Asia Pacific region. The Asia Pacific is the leading region for carbon black, and the region accounts for around 50% of the world’s output of the substance. Europe, as well as North America, follow the Asia Pacific as the other leading markets. China is one of the largest markets in the Asia Pacific region. It is the leading producer of the substance, accounting for almost 45% of its global output. The United States and Western Europe are also major producers of the substance.
Europe’s carbon black market is one of the leading carbon black markets. The global carbon black output accounted for nearly 14 million metric tons in 2019, out of which around 2.13 million metric tons were produced exclusively in Europe, thereby driving to the global carbon black market. Germany is the largest importer of carbon black in Europe, while the Eastern European countries are the leading exporters of black carbon. The European carbon black market is experiencing a healthy growth due to the rising demand for carbon black from overseas markets, making Europe, in particular, Russia, a major exporter of the product. As carbon black is most commonly used as a rubber filler, the growing automotive and tyre industry in the area is further promoting the carbon black market.
In 2019, Orion Engineered Carbons S.A. (NYSE: OEC), a major player and a global supplier of specialty and high-performance black carbon, announced the expansion of its production capacity for Gas Blacks at its Cologne (Kalscheuren) plant located in Germany. Gas Blacks, the specialty grade of Orion for carbon black, has an excellent fineness that guarantees the deepest blackness required.
Market Breakup by Product, Grade, End-Use, and Regions:
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The major players included in the global black carbon market are Birla Carbon, Cabot Corporation, Continental Carbon Company, Orion Engineered Carbons S.A, Phillips Carbon Black Limited, Jiangxi Blackcat Carbon Black Inc., Tokai Carbon Co., Ltd., Longxing Chemical Industry Co., Ltd., Bridgestone Corporation, and Mitsubishi Chemical Holdings Corporation, among others. This comprehensive report by EMR covers the market share, capacity, and latest developments like mergers, acquisitions, plant turnarounds, and capacity expansions of the major players.
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