The global standard carbon black market was valued at USD 24.45 billion in 2024 and is expected to increase from USD 25.54 billion in 2025 to reach USD 35.21 billion by 2032, reflecting a CAGR of 4.7% during the forecast period. In 2024, Asia Pacific emerged as the leading region, accounting for 58.11% of the total market share.
The Standard Carbon Black Market plays a crucial role in several industrial applications, ranging from tires and automotive components to plastics, coatings, and inks. Carbon black is produced through the partial combustion or thermal decomposition of hydrocarbons and is primarily used as a reinforcing agent, pigment, and performance enhancer. Unlike specialty carbon black, standard carbon black is widely consumed in bulk across multiple industries, making it a critical commodity in the global chemical and materials sector.
LIST OF KEY STANDARD CARBON BLACK COMPANIES PROFILED
- Birla Carbon (India)
- Beilum Carbon Chemical Limited (China)
- Cabot Corporation (U.S.)
- Tokai Carbon Co., Ltd. (Japan)
- Omsk Carbon Group (Russia)
- OCI COMPANY Ltd. (South Korea)
- Orion Engineered Carbons SA (Luxembourg)
- Imerys (France)
- Himadri Speciality Chemical Ltd. (India)
- Longxing Chemical Stock Co., Ltd (China)
- Mitsubishi Chemical Group Corporation (Japan)
Market Dynamics
Drivers
- Growing Tire and Rubber Industry – Standard carbon black is predominantly used in tire manufacturing as a reinforcing filler, enhancing strength, durability, and resistance. With the rising demand for automobiles globally, tire production is significantly boosting market growth.
- Expanding Plastics and Coatings Applications – Its role as a black pigment in plastics, paints, coatings, and inks continues to drive market adoption.