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The North America carbon black market is one of the leading carbon black markets, after the Asia Pacific and Europe. In 2019, the North America carbon black market reached a production volume of nearly 1.8 million metric tons, further growing at a healthy pace and, thus aiding the global market as well. Carbon black is most widely used as a reinforcing filler in rubber or other rubber related industries. While North America is a significant producer and exporter of high-quality carbon black used in food or cosmetic segments, globally, it relies on import of low-cost carbon black from Russia and China. Within North America, the U.S., with its rapidly growing tire industry, forms the leading market for the product.
In North America, the increased demand for automotives has led to the establishment of many Japanese tire companies, further driving the carbon black market in the region. In June 2018, Tokai Carbon Co. Ltd. acquired Sid Richardson Carbon, the largest carbon black supplier in the U.S., in a transaction worth nearly USD 308 million. Sid Richardson Carbon had sales of USD 311.9 million and USD 386.6 million in 2017 and 2018 respectively. Tokai Carbon, which already serves as a leading company in Asia, aims to expand its business in American market through this acquisition, further enhancing the supply of special grade carbon black to fulfil its increasing demand in the region. Tokai Carbon, with this acquisition, will effectively become the fourth largest player in the global carbon black market, with nine production plants and annual production capacity of 937 thousand tons.
In April 2018, Orion Engineered Carbons S.A. (NYSE: OEC), a leading supplier of specialty carbon black announced that it has signed a contract with Haldor Topsoe (Lyngby, Denmark) for installing their sustainable emissions control technology, SNOX, in a carbon black production plant for the first time. The sustainable product development will further provide the boost to the market, thus aiding the carbon black market, globally.
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Birla Carbon, Cabot Corporation, Continental Carbon Company, Orion Engineered Carbons S.A., Tokai Carbon CB Ltd, Koppers Inc., and Cancarb Limited, among others are the major players in the North America carbon black market. 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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