Specialty Carbon Black Market Size to Worth USD 8.54 Billion by 2034

According to Towards Chemical and Materials, the global specialty carbon black market size was reached at USD 3.19 billion in 2024 and is expected to be worth around USD 8.54 billion by 2034, growing at a compound annual growth rate (CAGR) of 10.35 % over the forecast period 2025 to 2034.

Ottawa, Sept. 09, 2025 (GLOBE NEWSWIRE) -- The global specialty carbon black market size is valued at approximately USD 3.52 billion in 2025 and is expected to reach around USD 8.54 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of 10.35% during the forecast period from 2025 to 2034. The growing demand across various industries like plastics, electronics, automotive, and paints & coatings drives the growth of the market. A study published by Towards Chemical and Materials a sister firm of Precedence Research.

Download a Sample Report Here@ https://www.towardschemandmaterials.com/download-sample/5651

Market Overview

Specialty carbon black is a refined form of carbon manufactured with specific properties for advanced performance applications. It is primarily a black powder composed of hydrocarbons that are designed to provide unique colors, UV protection, conductivity, and insulation. The specialty carbon black market refers to the production, global trade, and consumption of carbon black that are non-tire applications like plastics, inks, coatings and electronics. The demand is driven by the higher selling price due to its unique performance. Moreover, the regular carbon black is being replaced by these specialty carbon black due to the higher performance characteristics of these ones.

Specialty Carbon Black Market Report Highlights

The Asia Pacific specialty carbon black market is expected to increase from USD 1.72 billion in 2025 to USD 4.18 billion by 2034, growing at a CAGR of 10.36% throughout the forecast period from 2025 to 2034.
The Asia Pacific dominated the specialty carbon black market with a revenue share of 48.85% in 2024.
The China dominated the regional specialty carbon black market in 2024, owing to the expansion of key downstream sectors
The Europe is growing at the fastest CAGR in the market during the forecast period due to the increasing production of commercial vehicles and passenger cars.
By grade, the food contact segment led the market with the largest revenue share of 31.75% in 2024.
By grade, the conductive segment is expected to grow at the fastest CAGR of 11.8% over the forecast period.

Buy Now this Premium Research Report at a Special Price Against the List Price With [Express Delivery] @ https://www.towardschemandmaterials.com/price/5651

Specialty Carbon Black Market Report Scope

Report Attribute	Details
Market size value in 2025	USD 3.52 billion
Revenue forecast in 2030	USD 8.54 billion
Growth Rate	CAGR of 10.35% from 2025 to 2034
Base year for estimation	2024
Historical data	2020 - 2024
Forecast period	2025 - 2034
Quantitative units	Volume in kilotons, Revenue in USD million/billion, and CAGR from 2025 to 2034
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Grade, region
Regional scope	North America, Europe, Asia Pacific, Latin America, MEA
Country scope	U.S.; Canada; Mexico; Germany; France; UK; Italy; Russia; China; Japan; India; South Korea; Southeast Asia; Brazil; Argentina; Saudi Arabia; UAE; South Africa
Key companies profiled	Omsk Carbon Group; Tokai Carbon Co., Ltd.; Atlas Organics Private Limited; Continental Carbon Company; Birla Carbon; Cabot Corporation; Oak Investment Partners; Himadri Specialty Chemical Ltd; Philips Carbon Black Limited; Orion S.A.; Ralson.

For more information, visit the Towards Chemical and Materials website or email the team at sales@towardschemandmaterials.com| +1 804 441 9344

What Are The Major Trends In The Specialty Carbon Black Market?

Surging smart devices demand – The demand for smart devices has been surging rapidly alongside 5G infrastructure, where carbon becomes a major player in heat dissipation, cable compounds and many more.
Growing demand for advanced conductive grades – The demand for antistatic coating, conductive polymers, electronic components and many more is increasing rapidly, which drives investments to meet these requirements.
Growing infrastructure growth – The economies in regions like Asia, especially in urban areas, are adopting the use of plastics, coatings and automotive applications on a larger basis, which is driving more investments in the region.
Rising use in packaging – The rapid boom in the packaging industry is one of the major factors that has been creating a higher demand for carbon black that provides color stability, gloss and jetness for the inks.

Specialty Carbon Black Market Growth Factors

How Is The Automotive And EV Sector Expansion Helping In The Growth Of The Specialty Carbon Black Market?

The use of specialty carbon black is essential for automotive plastics for various bumpers, trims, dashboards and many other parts. As a result, the automotive companies are heavily investing in specialty carbon black as it provides deep black pigmentation, UV resistance and durability, which helps the vehicles to perform in severe environmental conditions. The data by the European Automobile Manufacturers Association states that, in 2024, global car sales increased by 2.5% to 74.6 million units.

This rapid EV growth is expected to drive more crucial additives in the lithium-ion batteries that will improve the electrode conductivity. Moreover, the charging infrastructure requirement is also expected to boost the usage of specialty carbon black in these applications.

Market Opportunity

How Will Sustainable Manufacturing Shape The Future Of Specialty Carbon Black?

The manufacturing sector has been marking a constant shift that aligns with the environmental goals and helps in improving the overall productivity of the manufactured products. The major step taken in the shift towards a low-carbon and circular economy, where traditional carbon is being replaced due to the use of petrol-based feedstocks. The governments and the authorities have a major role to play here as they are targeting to cut emissions by producing bio-based carbon black. As a result, the companies are shifting towards sustainable solutions where the automotive and OEM electronic manufacturing will mark major shifts in the future. The rising technological adoption is expected to help these initiatives during the projected period.

Limitations And Challenges In The Specialty Carbon Black Market

Higher production costs – The production costs play a challenging role as the specialty carbon black is more expensive than the traditional ones, which may not be feasible in multiple applications and geographical areas.
Raw Material fluctuation – The production is mainly dependent on petroleum-based feedstocks, where the manufacturers are witnessing fluctuation in the prices of crude oil, affecting the market requirement.
Environmental Regulations – The use of carbon black may be questionable due to the carbon emissions, which may mandate sustainable initiatives.

What Made The Asia Pacific Dominant In The Specialty Carbon Black Market In 2024?

Asia Pacific dominated the market in 2024. The dominance of the region is attributed to the well-established manufacturing for automotive, electronics, plastics, cables and packaging in countries like India, China and Southeast Asia. The rising industrialization in the region has been a crucial factor behind creating multiple business opportunities for domestic and international companies. The international players are keen to invest heavily in the region due to the cost-effectiveness that helps them increase their profit margins.

China stands as the dominant country in the region due to its dominance in the automotive and EV manufacturing. For instance, the report by IEA stated that the country stands as the undisputed leader in global EV battery production, where it accounts for around the world’s 75-77% manufacturing capacity. Moreover, the country has also been managing electroaanics manufacturing at a rapid pace, which creates multiple business opportunities for specialty carbon black production and manufacturing. The Chinese government has been highly focused towards improving its local manufacturing capacity, which will help it to strengthen its economy.

Europe is expected to grow at the fastest CAGR during the projected period of 2025 to 2034. The growth of the region is attributed to the rapid EV adoption, which creates multiple investment grounds for battery and infrastructure applications. The specialty carbon black market in the region is expected to advance more rapidly due to the stricter EU rules that focus on achieving low emissions. Moreover, the presence of leading research institutions is expected to drive more R&D focus for more sustainable and bio-based solutions in the coming years.

Germany holds a dominant position in the European business landscape due to the automotive OEM dominance and EV adoption. The presence of leading automotive players like BMW, Mercedes-Benz and many others is a home to the country, which is managing to maintain a higher demand for specialty carbon black among the OEMs. The country has been focused towards investing in lithium-ion batteries to strengthen its EV sector.

Specialty Carbon Black Market Segmentation

Grade Insights

What Made Food Contact The Dominant Grade In The Specialty Carbon Black Market In 2024?

The food contact segment dominated the market in 2024. The dominance of the segment is attributed to the higher regulatory focus and approval rate due to the sensitiveness of the food packaging. The authorities like the FDA and the EU have structured guidelines designed to ensure the use of films, containers and utensils that can be used in food applications. Additionally, the use of specialty carbon black ensures a smooth and heat-resistant function that also makes it suitable for various food packaging applications. The changing lifestyle patterns in the urban areas are a major factor which has highly contributed towards the rising requirement for packaged foods. Additionally, the higher shelf-life requirement will also include the use of such films, as they provide UV resistance.

The conductive segment is expected to grow at the fastest CAGR during the forecast period of 2025 to 2034. The growth of the segment is attributed to the rising demand for electronics and EVs, where the specialty carbon black is essential in lithium-ion batteries and semiconductors. The urbanization has a major role to play here as it significantly increases the demand for such conductive grades. Moreover, the use of these grades is also being made mandatory in applications like solar panels, fuel cells and conductive coatings, which will help in gaining more demand in the coming years. The use of conductive carbon black is also highly implemented as it reduces the weight and enhances the performance of the automobiles.

More Insights in Towards Chemical and Materials:

Plastics Market : The global plastics market size was reached at USD 651.55 billion in 2024 and is expected to be worth around USD 984.11 billion by 2034, growing at a compound annual growth rate (CAGR) of 4.21% over the forecast period 2025 to 2034.
Recycled Plastics Market : The global recycled plastics market size was reached at USD 83.19 billion in 2024 and is expected to be worth around USD 183.80 billion by 2034, growing at a compound annual growth rate (CAGR) of 8.25% over the forecast period 2025 to 2034.
Sustainable Plastics Market : The global sustainable plastics market size was reached at USD 410.73 billion in 2024 and is expected to be worth around USD 1,448.23 billion by 2034, growing at a compound annual growth rate (CAGR) of 13.43% over the forecast period 2025 to 2034.
Sustained Release Coatings Market : The global sustained release coatings market size was reached at USD 675.85 million in 2024 and is expected to be worth around USD 1,373.63 million by 2034, growing at a compound annual growth rate (CAGR) of 7.35% over the forecast period 2025 to 2034.
Glass Manufacturing Market : The global glass manufacturing market size was reached at USD 121.77 billion in 2024 and is expected to be worth around USD 211.18 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.66% over the forecast period 2025 to 2034.
Recycled PET Flakes Market : The global recycled PET flakes market size was reached at USD 12.25 billion in 2024 and is expected to be worth around USD 36.06 billion by 2034, growing at a compound annual growth rate (CAGR) of 11.40% over the forecast period 2025 to 2034.
U.S. Extruded Polystyrene Market : The U.S. extruded polystyrene market size was reached at USD 1.85 billion in 2024 and is expected to be worth around USD 3.24 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.75% over the forecast period 2025 to 2034.
U.S. Green Ammonia Market : The U.S. green ammonia market size was reached at USD 211.19 million in 2024 and is expected to be worth around USD 61,054.57 million by 2034, growing at a compound annual growth rate (CAGR) of 76.24% over the forecast period 2025 to 2034.
Controlled Release Fertilizers Market : The global controlled release fertilizers market size was reached at USD 2.50 billion in 2024 and is expected to be worth around USD 4.49 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.02% over the forecast period 2025 to 2034.
Polyester Hot Melt Adhesives (PHMAs) Market : The global polyester hot melt adhesives (PHMAs) market size was reached at USD 505.05 million in 2024 and is expected to be worth around USD 1,491.92 million by 2034, growing at a compound annual growth rate (CAGR) of 11.44% over the forecast period 2025 to 2034.
Energy Dense Materials Market : The global energy dense materials market size was reached at USD 63.12 billion in 2024 and is expected to be worth around USD 211.44 billion by 2034, growing at a compound annual growth rate (CAGR) of 12.85% over the forecast period 2025 to 2034.
U.S. Methanol Market : The U.S. methanol market size was reached at USD 5.32 billion in 2024 and is expected to be worth around USD 12.85 billion by 2034, growing at a compound annual growth rate (CAGR) of 9.22% over the forecast period 2025 to 2034.
U.S. Recycled Plastics Market : The U.S. recycled plastics market size was reached at USD 52.85 billion in 2024 and is expected to be worth around USD 131.33 billion by 2034, growing at a compound annual growth rate (CAGR) of 9.53% over the forecast period 2025 to 2034.
U.S. Ammonia Market : The U.S. ammonia market size was valued at USD 18.85 billion in 2024, grew to USD 19.85 billion in 2025, and is expected to hit around USD 31.65 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.32% over the forecast period from 2025 to 2034.
Extruded Polystyrene Market : The global extruded polystyrene market size was reached at USD 7.19 billion in 2024 and is expected to be worth around USD 12.70 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.85% over the forecast period 2025 to 2034.
Green Cement Market ; The global green cement market size was reached at USD 38.19 billion in 2024 and is expected to be worth around USD 69.37 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.15% over the forecast period 2025 to 2034.
U.S. Paints & Coatings Market ; The U.S. paints & coatings market size was reached at USD 32.19 billion in 2024 and is expected to be worth around USD 50.23 billion by 2034, growing at a compound annual growth rate (CAGR) of 7.35% over the forecast period 2025 to 2034.
Bio-based Polycarbonate Market : The global bio-based polycarbonate market size is expected to be worth around USD 182.5 million by 2034 from USD 73.98 million in 2024, growing at a CAGR of 9.45% during the forecast period 2025 to 2034.
Sodium Carbonate Market : The global sodium carbonate market size was valued at USD 13.03 billion in 2024 and is expected to hit around USD 16.84 billion by 2034, growing at a compound annual growth rate (CAGR) of 2.60% over the forecast period 2025 to 2034.
Carbon Dioxide Removal Market : The global carbon dioxide removal market size was valued at USD 733.77 million in 2024 and is expected to hit around USD 2,864.36 million by 2034, growing at a compound annual growth rate (CAGR) of 14.59% over the forecast period 2025 to 2034.
Carbon Disulfide Market : The global carbon disulfide market size was valued at USD 148.51 million in 2024 and is growing to approximately USD 215.64 million by 2034, with a developing compound annual growth rate (CAGR) of 3.8% over the forecast period 2025 to 2034.

Asia Pacific Plastic Compounding Market Top Key Companies:

Tokai Carbon Co., Ltd.
Continental Carbon Company
Cabot Corporation
Omsk Carbon Group
Atlas Organics Private Limited
Birla Carbon
Oak Investments Partners
Philips Carbon Black Limited
Ralson Carbon Black Limited
Himadri Specialty Chemical Ltd
Orion S.A.

Recent Developments

In July 2025, Epsilon Carbon announced an investment of Rs 15,350 crore in Karnataka, India, to establish an integrated EV battery materials hub, supporting demand for specialty carbon black in conductive applications.
In April 2025, Univar Solutions expanded its partnership with Cabot Corporation to distribute carbon black products for rubber applications, which also strengthens the supply of high-performance tires.

In January 2025, Sumitomo Rubber Industries and Mitsubishi Chemical partnered to recycle carbon black from end-of-life tires. Sumitomo Rubber will provide tire materials to Mitsubishi Chemical for processing into sustainable carbon black, which will then be used in new tires, promoting a circular economy.
In January 2025, Tokai Carbon Co., Ltd, Kyushu University, Bridgestone Corporation, and Okayama University initiated a collaborative technology development project. The project focuses on secondary processing of recovered carbon black (rCB) extracted from polymeric materials, notably end-of-life tires.
In July 2024, Himadri Specialty Chemical Ltd, via its wholly-owned subsidiary Himadri Clean Energy Limited (HCEL), strategically acquired Himadri Green Technologies Innovation Limited. This acquisition is intended to broaden Himadri's operational footprint, aiming for business expansion and improved internal efficiency.
In January 2024, Birla Carbon announced Greenfield Expansions in the Asia Pacific region. The company shall expand its carbon black capacity by over 240 kilotons in the identified locations of India and Thailand

Asia Pacific Plastic Compounding Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. For this study, Towards Chemical and Materials has segmented the global Specialty Carbon Black Market

By Grade

Food Contact Carbon Black
- Packaging
- Film & Sheet
- Consumer Molded Parts
- Others
Conductive Carbon Black
- Conductive Polymers
- Paints & Coatings
- Battery Electrodes
- Printing Inks
- Others
Fiber Carbon Black
- Polyester Fiber
- PP Masterbatches
- Nylon Textiles
- Other Synthetic Fibers
Other Carbon Black

By Regional

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Immediate Delivery Available | Buy This Premium Research Report@ https://www.towardschemandmaterials.com/price/5651

About Us

Towards Chemical and Materials is a leading global consulting firm specializing in providing comprehensive and strategic research solutions across the chemical and materials industries. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations.

Our Trusted Data Partners

For Latest Update Follow Us: https://www.linkedin.com/company/towards-chem-and-materials/

USA: +1 804 441 9344

APAC: +61 485 981 310 or +91 87933 22019

Europe: +44 7383 092 044

Email: sales@towardschemandmaterials.com

Web: https://www.towardschemandmaterials.com/

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.