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The North America carbon black market reached a value of nearly USD 2.80 billion in 2023. The market is further expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 5.2%.
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North America is the third largest market of carbon black globally, behind the Asia Pacific and Europe. North America imports a significant proportion of low-cost carbon black from Russia and China. On the other hand, North America exports its high-quality or value-added products for use in segments like food or cosmetics to economies like China, India, Indonesia, Sri Lanka, and others. Within the region, the US is the leading industry for the product. The country is the second largest producer, globally, after China, accounting for nearly 15% of the global output of the substance. The industry within the US is primarily driven by the expansion of tyre industry not just within the country, but also neighbouring countries like Canada.
Globally, carbon black finds nearly 90% of its application within the rubber and other associated industries. Tyre remains the major application sector where it is used as a reinforcing filler. Thus, automotive is a significant end-use sector for the material. The industry is aided by the expanding automotive industry with the rising number of new vehicle registrations globally, leading to a rising demand for tyres. The global tyre industry is expected to grow at a CAGR of 4% in the forecast period of 2024-2032. The multiple R & D undertakings by the major companies will also provide further impetus to the carbon black industry growth. Thus, the technological innovations taking place in the industry will also aid its growth due to the subsequent expansion of the application sectors for the product.
Carbon black is a black, fine particle produced through the incomplete combustion of hydrocarbons. Its product types are categorised as acetylene, furnace, and thermal black, among others. Its grades are:
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While it is most commonly used in tyres, it is finding expanding applications in inks, paints, plastics, tread belts, and extruded products, among others. Its diverse applications are determined by its properties like structure, particle size, physical form, surface chemistry, and porosity. Thus, its broad application sectors include:
The report also gives an in-depth insight into the regional markets in the North America region like the United States of America and Canada.
The North America carbon black market will be aided by the robust growth in the tyre industry in the region where the substance finds its major application. The tyre manufacturing market in the region is expected to be driven by the expanding market in the US. The tyre manufacturing industry in the US is worth USD 148.4 billion. The US original tyre sales saw a hike of 2.7% in 2018, as compared to 2017, with sales reaching 325.2 million units. The rising tyre market reflects the consumer demand for lightweight vehicles. The US is a leading automotive industry accounting for nearly a fifth of the global industry. The sales of electric vehicles are also witnessing a rise in the country. The US is a leading market for e-vehicle along with Europe and China and is projected to see sales exceed 320 thousand units in 2020. The growing e-vehicles industry expands the scope of the tyre industry with new tread requirements to counter the higher torque of the vehicles. This, in turn, will further aid the carbon black industry in North America.
Carbon black is also used in plastics, paints, coatings, sealants, and printing inks. Thus, the growing industries like infrastructure, construction, manufacturing, packaging, and printing industries will also aid the market in the region as emerging end-use industries. North America is the second largest print packaging industry and is expected to be worth USD 90.1 billion in 2021. Plastic production is also witnessing an increasing trend due to the region’s growing packaging industry. Speciality products are expected to see a rapid growth in North America in the forecast period.
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June 2018- Sid Richardson Carbon Ltd., the largest carbon black producer in the United States, was acquired by Tokai Carbon Co. Ltd. in a transaction worth nearly USD 308 million.
The report gives a detailed insight into the following key players in the North America carbon black market, looking into their competitive landscape, capacity, and latest developments like expansions of capacity, mergers and acquisitions, and plant turnarounds:
The EMR report analyses the industry based on the Porter’s Five forces model as well as through a SWOT analysis. An overview of the other regional markets like Latin America, Asia Pacific, Europe, and Middle East and Africa has also been provided.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Grade |
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Breakup by End Use |
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Breakup by Country |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The North America carbon black market reached a value of nearly USD 2.80 billion in 2023.
The market is expected to grow at a CAGR of about 5.2% in the forecast period of 2024-2032.
The major drivers of the market, such as rising disposable incomes, rising demand for end-use products, and the rising automotive industry, are expected to aid the industry growth.
The rising adoption of speciality products is expected to define the market in the coming years.
The United States of America and Canada are the major regions in the market.
The major products of the industry are acetylene black, furnace black, and thermal black, among others.
The major grades for the product in the market are speciality grade and rubber grade.
The significant end use sectors for carbon black in the market include industrial, printing and packaging, building and construction, and transportation, among others.
The major players in the market are Birla Carbon, Cabot Corporation, Continental Carbon Company, Orion Engineered Carbons S.A., Tokai Carbon CB Ltd, Cancarb Limited.
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