Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 28.07 Billion | USD 46.63 Billion | 5.8% | 2023 |
According to a report from Zion Market Research, the global Carbon Black Market was valued at USD 28.07 Billion in 2023 and is projected to hit USD 46.63 Billion by 2032, with a compound annual growth rate (CAGR) of 5.8% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Carbon Black industry over the next decade.
Thermal decomposition or processes such as partial combustion of hydrocarbons such as coal gas, natural gas and petroleum oil produce finely separated black powder. This black powder is known as black carbon. Black carbon is formed in the form of black-colored colloidal particles by means of processes such as acetylene, canal and black furnace. The primary use of black carbon is in the garment industry, where it is used as a dyeing agent.
Most of the carbon blacks produced are primarily used in applications such as tyres and rubber. Synthetic synthetic fabrics such as acrylic, polyester and nylon use black carbon as a dyeing agent. The dyeing agent primarily imparts colour to the fibres. Other lucrative crops are favoured rather than cotton due to their poor tensile strength and high prices, which will help to raise demand for synthetic fibres in the future. This would be one of the key factors for the demand rise of black carbon, since polyester is commonly used synthetic fibre. Polyester is one of the main carbon black commodity segments.
Crude oil substitutes are the primary raw materials used in the manufacture of black carbon. As a result, demand growth is unpredictable as a result of crude oil prices. The processing of black carbon contributes to the release of many toxic chemicals, such as carbon monoxide, adding to environmental concerns. As a result, the government has developed stringent guidelines to regulate the production of black carbon. In the future, this will impede the global black carbon market. New approaches and technology are being used to manufacture black carbon from bio-based sources. Carbon black derived from bio-based sources would provide sufficient opportunities for the growth of the black carbon industry.
The global black carbon industry for textiles is segmented on the basis of products, applications and regions.
On the basis of the product, the global market is segmented as acrylic, polyester, nylon and others.
On the basis of application, the black carbon industry is segmented as apparel, agriculture, automotive, home textiles and others. The apparel segment is the largest application of black carbon. Home textiles include, in particular, bedding, carpets and other sheeting applications.
Report Attributes | Report Details |
---|---|
Report Name | Carbon Black Market |
Market Size in 2023 | USD 28.07 Billion |
Market Forecast in 2032 | USD 46.63 Billion |
Growth Rate | CAGR of 5.8% |
Number of Pages | 110 |
Key Companies Covered | Birla Carbon, Orion Engineered Carbons, Imerys Graphite & Carbon, Sid Richardson Carbon & Energy Co, Cabot Corporation, Mitsubishi Chemical Corp., Continental Carbon Ltd., Philips Carbon Black, Anyang HengXu Specialty Carbon Black Co, and Tokai Carbon Co., Ltd. among others |
Segments Covered | By Products, By Applications And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global carbon black market for textile fibres is dominated by Asia Pacific, followed by Europe. Growing expansion of textile manufacturing facilities in countries such as India and China is a key factor in the development of the black carbon industry. Actually, there is a strong demand for synthetic fibre in North America and the Middle East, which is helping to grow the carbon black market in these countries.
Some main participants of the carbon black market for textile fibers market are
By Products
By Applications
Carbon Black Market for Textile Fibers Market: Regional Segment Analysis
FrequentlyAsked Questions
Carbon black is a fine black substance that is primarily composed of elemental carbon. It is generated by the incomplete combustion or thermal decomposition of hydrocarbons, including natural gas and oil. Carbon black is utilized extensively in numerous industries as a result of its distinctive characteristics.
The automotive industry is a substantial consumer of carbon black, particularly in the production of tires. The demand for carbon black is expected to rise as the global automotive industry expands, particularly in emergent markets, due to the increased production of vehicles.
According to a report from Zion Market Research, the global Carbon Black Market was valued at USD 28.07 Billion in 2023 and is projected to hit USD 46.63 Billion by 2032.
According to a report from Zion Market Research, the global Carbon Black Market a compound annual growth rate (CAGR) of 5.8% during the forecast period 2024-2032.
The global carbon black market for textile fibres is dominated by Asia Pacific, followed by Europe. Growing expansion of textile manufacturing facilities in countries such as India and China is a key factor in the development of the black carbon industry. Actually, there is a strong demand for synthetic fibre in North America and the Middle East, which is helping to grow the carbon black market in these countries.
Some main participants of the carbon black market for textile fibers market are Birla Carbon, Orion Engineered Carbons, Imerys Graphite & Carbon, Sid Richardson Carbon & Energy Co, Cabot Corporation, Mitsubishi Chemical Corp., Continental Carbon Ltd., Philips Carbon Black, Anyang HengXu Specialty Carbon Black Co, and Tokai Carbon Co., Ltd. among others.
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