Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Specialty Carbon Black Market size was valued at USD 3.1 billion in 2024 and is expected to reach USD 11.1 billion by the end of 2037, growing at a CAGR of 10.9% during the forecast period from 2025-2037. In 2025, the industry size of specialty carbon blacks is estimated at USD 3.3 billion.
The versatility of specialty carbon black drives its applications in several sectors, including electronics and aerospace. The battery manufacturers are leading the sales of specialty carbon black solutions due to their high importance in energy storage system production. According to the U.S. Department of Energy's Critical Minerals and Materials Program, carbon black is identified as a critical material for energy technologies. This directly boost consumption in the transmission, storage, and conservation of energy.
The steady supply of raw materials such as oil and natural gas feedstocks is likely to register healthy growth in the sales of specialty carbon black. The U.S. Bureau of Labor Statistics estimates that the producer price index for carbon black measures the average change in selling prices owing to the strong presence of domestic producers in every region. The consumer price index is influenced by the recent market trend and demand. The widespread application of specialty carbon black is expected to double the revenues of key players in the years ahead.
