Carbon Black Market
Carbon black is a material produced by the incomplete combustion of heavy petroleum products such as Fluid Catalytic Cracking (FCC) tar, coal tar, ethylene cracking tar, or vegetable matter. Cotton, wool, acrylic, and nylon fabrics can be directly dyed by using surface modified carbon black.
Market Dynamics
The global carbon black market for textile fibers is witnessing rising prices of carbon black. For instance, in August 2021, Cabot Corporation, a leading global specialty chemicals and performance materials company, announced to increase the prices of all carbon black products sold by its specialty carbon business globally.
The major players operating in the global carbon black market for textile fibers are focused on expanding their logistics to enhance their market share. For instance, in February 2022, Orion Engineered Carbons opened a new production line in Italy for carbon black manufacturing, having 25 kiloton capacity for specialty and technical rubber carbon black, mainly for the Europe market.
The rising demand for carbon black in various applications, such as rubber reinforcement, paints & coatings, plastics, battery electrodes, and inks and toners, is driving the carbon black market growth. Increasing applications of carbon black in the tire industry is a major driver for the carbon black market. Carbon black is widely used as a reinforcement filler in the tire and non-tire rubber formulations. The growing sales and production of vehicles worldwide is contributing to the market growth. Carbon black can be popularly used in reinforcing rubber in tires. It can make up about 30% of the weight of a tire. Carbon black is an important component of automotive rubber parts in vehicles such as sealing systems, hoses, anti-vibration parts, and engine mounts.
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Table of Contents
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