Specialty Carbon Black Market Size

Specialty Carbon Black Market size was over USD 2.74 billion in 2023 and is poised to exceed USD 9.57 billion by 2036, growing at over 10.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of specialty carbon black is estimated at USD 2.96 billion. The growth of the market can be attributed to growing demand for specialty chemicals, such as specialty carbon black, across the globe. For instance, by 2030, the demand for carbon black would reach approximately 15 million tonnes annually worldwide.

Specialty black carbon provides its usefulness in many application including plastics, printing inks, paints, and more. They act as pigment, UV stabilizer, and conductive or insulating agent. Furthermore, improvement in performance of specialty black carbon by the efforts of various key players is expected to boost the market growth. For instance, Engineered Carbons has announced the introduction of a new range of Specialty Carbon Black XPB 633 BEADS with conductivity and anti-static properties that are intended exclusively for use with thermoplastics.