Global Special Carbon Black Market Outlook 2031

The global specialty carbon black market is anticipated to grow with a CAGR of 4.3% over the forecast period, i.e., 2022-2031. Factors such as increasing demand for tyres, and new pigment formulation trends are projected to drive the market growth in the coming year. Additionally, new pigment formulation trends, and also long term sustainability initiatives are also expected to boost the market growth. The market is estimated to garner a revenue of near to USD 4,500 Million by the end of 2031, up from a revenue of about USD 2,900 Million in the year 2021.

The global specialty carbon black market is segmented into numerous segments, which include segmentation by form, and by application. By form, the market is segmented into granules, and powder. By the end of 2031, the granules segment is anticipated to garner the largest revenue.

On the basis of region, the global specialty carbon black market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific, amongst the market in all the other regions, is anticipated to garner the largest revenue of more than USD 1900 Million by the end of 2031. Moreover, in the year 2021, the market in this region generated a revenue of over USD 1200 Million.

Some of the prominent industry leaders in the global specialty carbon black market that are included in our report are Orion Engineered Carbons GmbH, Cabot Corporation, Birla Carbon, Imerys, Tokai Carbon Co., Ltd., Mitsubishi Holding Chemicals Corporation, Denka Company Limited, PCBL, Lion Specialty Chemicals Co. Ltd., Himadri Speciality Chemical Ltd., Continental Carbon Company, Asbury Carbons, Black Bear Carbon B.V., Omsk Carbon Group, Ralson Tyres, OCI Company Ltd., Asahi Carbon Co., Ltd., and others.