Increasing demand for synthetic textile fibres is a major driver of the carbon black market's expansion. Due to cotton's high price and the increasing demand for harvested land for other essential crops, demand for cotton has decreased. Black carbon is frequently utilised in synthetic textiles, which are then applied in a variety of ways. Hence, it is anticipated that the growth of the carbon black market will be aided by the growing demand for synthetic textiles. Carbon black is in high demand due to the high demand for polyester fibre. One of the less expensive fibres used to make synthetic fabrics is polyester. This is one of the main causes of the black market for carbon's expansion. Moreover, polyester is a cheap product with a variety of uses, which is driving up demand among end users. As a result, the black market for carbon is expanding due to the rising demand for polyester fibre. The market is expanding quickly due to rising consumer demand for home textile items, which is driving consumption of acrylic fibre. One of the emerging trends is consumers spending more money on home decor items including sofas, furniture, curtains, carpets, and rugs.
Coherent Market Insights estimates that A CAGR of 6.84% was observed in the global Carbon Black Market during the forecast period, valuing it at US$ 1093.1 million in 2021 in terms of sales (2022 to 2030).
Key Companies in the Carbon black Industry:
1. Orion Engineered Carbons
The business was established in 1862 and is headquartered in Luxembourg. A leading manufacturer of specialist carbon blacks for the entire range of printing systems, including inkjet, toner, food packaging, flexo and gravure inks, Orion Engineered Carbons is a global provider of carbon black materials. Orion Engineered Carbons stated in 2022 that their gas black expansion in Germany will be finished at its facilities in Dortmund and Cologne by the beginning of 2023.
2. Cabot Corporation
The corporation was established in 1882, and its headquarters are in Boston, Massachusetts. In addition to producing and selling chemicals, performance materials, specialty fluids, plastics, ink jet colourants, tantalum, niobium, and germanium, Cabot Company also has enterprises in these fields. Cabot Corporation announced its plans to open a new battery application technology centre in Europe on March 6, 2023, with a focus on supporting customers and fostering innovation in the region.
3. Mitsubishi Chemical Corporation
Mitsubishi Chemical was established inn1994 and has its headquarters in Chiyoda City, Tokyo, Japan. Mitsubishi Chemical Corporation produces and sells chemicals as well as performance goods, healthcare items, building supplies, and other substances. In July 2022, The Mitsubishi Chemical announced that it would increase SoarnoLTM EVOH Resin production in the UK.
4. Philips Carbon Black Limited
The company was founded in 1960 and has its headquarters in Kolkata. Carbon black, a key component in the production of rubber, synthetic rubber, automobile tyres, and goods for the printing and paint industries, is produced by PCBL Limited along with its by-products. PCBL opened a brand-new, cutting-edge QA lab at its Palej plant in December 2021.
5. Sid Richardson Carbon & Energy Co.
The company was founded in 1947 and has its headquarters in Texas. The company produces carbon black for use in a variety of processes, such as the production of tyres, automotive seals, brake diaphragms, sheet roofing, inks, plastics, and coatings.
6. IMERYS Graphite & Carbon
The business was founded in 1908 and its main office is in Switzerland. A wide range of synthetic and natural graphite powders, conductive carbon blacks, silicon-carbon composites, and water-based dispersions of consistently excellent quality are produced and marketed by IMERYS Graphite & Carbon. Imerys announced a fresh investment in 2021 to assist the rapidly expanding lithium-ion battery industry for electric vehicles. In May 2022, Imerys launched a brand-new pilot unit project that permits the moulding of extremely high-performance minerals.
7. Birla Carbon
The company was established in 1921, and its headquarters are in Marietta, Georgia. Birla Carbon manufactures fundamental and specialised chemical goods as well as carbon black additives. The "Social Value of Carbon Black" campaign is launched by Birla Carbon.
Definition: Carbon black is a substance created when coal and coal tar, plant material, or petroleum products like fuel oil, fluid catalytic cracking tar, and ethylene cracking are partially burned in a little amount of air.
