The global carbon black market was valued at USD 27.59 billion in 2024 and is projected to grow to USD 40.10 billion by 2032, rising from USD 28.86 billion in 2025 at a CAGR of 4.8% during the forecast period. The rise is driven by the increasing deployment of the product in tire manufacturing and the growing plastic demand for automotive, consumer goods, and electronics industries.
Carbon black is produced through the thermal decomposition of heavy petroleum derivatives like coal tar and FCC tar. Its key properties UV absorption, thermal conductivity, and durability make it ideal for tire components such as treads, sidewalls, and inner liners. It also enhances the physical, electrical, and optical properties of various materials.
Fortune Business Insights™ provides this information in its research report, titled “Carbon Black Market, 2025-2032”.
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Segments:
Furnace Black Segment to Lead Driven by Soaring Demand from Rubber Manufacturers
Based on process type, the market is categorized into acetylene black, furnace black, thermal black, and others. The furnace black segment is set to lead the market, exhibiting an appreciable CAGR over the projected period. This is due to the growing usage of the product as a strengthening agent by rubber producers.
Standard Grade Segment to Register Notable Growth Impelled by Escalating Industrial Applications
On the basis of grade, the market is segmented into standard grade and specialty grade. The standard grade segment is touted to expand at a considerable rate over the anticipated period. The surge is propelled by the escalating adoption of these products for various industrial applications.
Tire Segment to Exhibit Substantial Surge Driven by Rapid Expansion of the Automotive Sector
By application, the market is classified into non-tire rubber, tire, inks & toners, plastics, and others. The tire segment is poised to exhibit substantial growth, holding a dominating market share, over the analysis period. The expansion is propelled by the rapid expansion in the automotive sector.
Drivers and Restraints:
Expansion of the Rubber Sector to Impel Market Growth
The escalating product demand from the consumer goods, electronics, automotive, and construction sectors is propelling the expansion of the rubber sector. This is set to propel the carbon black market growth over the forecast period.
However, the production of carbon black involves the emission of hazardous gases. This may hinder industry expansion to some extent.
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