North American Carbon Black Market size is projected to reach USD 5.1 billion by 2027, according to a latest forecast report by Graphical Research. Growth in the production of passenger vehicles and the high adoption rate of electric vehicles are some of the key factors anticipated to drive the market demand.
The increasing consumption of rubber-based products plays a key role in the growth of the carbon black market. For instance, the mounting number of on-road vehicles is augmenting the demand for tires, thereby, significantly driving the consumption of carbon black.
The presence of some of the largest auto manufacturers, such as Ford Motor Company, General Motors, and Chrysler in North America is substantially fueling the consumption of carbon black in the region. Additionally, the surging demand for polymers, rubber products, coatings, and elastomers are further supporting the market revenue generation.
On the other hand, the health crisis caused by the COVID-19 disease has been restraining the market growth. The United States is the most affected nation with the highest number of registered cases in the world. The coronavirus outbreak has had an impact on every aspect of the regional economic activity, which led to nationwide lockdowns, restricted manufacturing operations, and disrupted industry supply chain. As a result, the demand for carbon black plummeted in 2020 and negatively affected the business profitability of industry participants.
Browse detailed statistical insights from the report, “North America Carbon Black Market Size By Application (Tires & rubber goods, Graphite manufacturing, Coatings, Polymers, Electronics, Printing), By Process (Thermal black, Furnace black, Acetylene black, Channel black, Lamp black), By Grade (N-660, N-550, N-762, N-774, N-772, 991, N-990, N-Others), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
Among applications, the tire & rubber goods segment dominated more than 75% of the market share due to increasing production of automobiles in North America. For instance, 13.7 million cars and trucks were sold in the U.S. in 2019. According to the American Automotive Policy Council, the production of motor vehicles in the country is likely to improve with an average of 12 million per year through 2025. Therefore, the vehicle production capacity expansion and rising need for tires & rubber products are certain to bolster the market growth.
The N-550 grade carbon black segment is anticipated to acquire more than 36% of the market share by 2027. This type of carbon black is a low-surface area and high structure semi-strengthening ASTM grade product which is mostly preferred for its superior characteristics, such as high dispersion, dimensional stability, and excellent strength. The N-550 grade carbon black is extensively used for a broad range of products, including non-vibrating mountings, extrudate profiles, hoses, belts, and gaskets & seals.
Key producers of carbon black operating in the North American region include Cabot Corporation, Continental Carbon Company, Showa Denko K. K., Bridgestone Corp., Birla Carbon, Orion Engineered Carbons, GrafTech International Ltd., Tokai Carbon Co., Ltd., Continental Carbon Company, Cancarb Limited, and Andicor Specialty Chemicals Corp.
The North American carbon black market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
North America Market, By Process
- Thermal black
- Furnace black
- Acetylene black
- Channel black
- Lamp black
North America Market, By Grade
North America Market, By Application
- Tires & rubber goods
- Graphite manufacturing
The above information has been provided for the following countries: