China Carbon Black Market Size & Outlook, 2022-2030
China carbon black market, 2018-2030 (US$M)
Related Markets
China carbon black market highlights
- The China carbon black market generated a revenue of USD 7,764.5 million in 2022 and is expected to reach USD 12,407.1 million by 2030.
- The China market is expected to grow at a CAGR of 6% from 2023 to 2030.
- In terms of segment, tires was the largest revenue generating application in 2022.
- Plastics is the most lucrative application segment registering the fastest growth during the forecast period.
Carbon black market data book summary
| Market revenue in 2022 | USD 7,764.5 million |
| Market revenue in 2030 | USD 12,407.1 million |
| Growth rate | 6% (CAGR from 2022 to 2030) |
| Largest segment | Tires |
| Fastest growing segment | Plastics |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tires, High Performance Coatings, Plastics |
| Key market players worldwide | Orion Group Holdings Inc, Cabot Corp, Mitsubishi Corp, Imerys, Birla Carbon USA, Sid Richardson Carbon & Energy Co, Mongolian Mining Corp, Phillips Carbon Black, Continental Carbon, Tokai Carbon |
Other key industry trends
- In terms of revenue, China accounted for 36.3% of the global carbon black market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China carbon black market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 12,407.1 million by 2030.
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Carbon Black Market Scope
Carbon Black Market Companies
| Name | Profile | # Employees | HQ | Website |
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China carbon black market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carbon black market will help companies and investors design strategic landscapes.
Tires was the largest segment with a revenue share of 69.4% in 2022. Horizon Databook has segmented the China carbon black market based on tires, high performance coatings, plastics covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing automobile production coupled with cheap raw material and labor availability is expected to drive market growth in the country. Within the carbon black market, the transportation industry is expected to remain the largest segment over the forecast period due to increasing demand for tire and other rubber molded parts.
China is expected to remain the largest market due to higher vehicle production and shift of tire companies owing to attractive government policies and ease of business. China is expected to witness significant growth over the forecast period because of growth in automotive demand and increasing investment in tire production facilities in the country.
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Target buyers of China carbon black market databook
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Our clientele includes a mix of carbon black market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China carbon black market , including forecasts for subscribers. This country databook contains high-level insights into China carbon black market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China carbon black market size, by application, 2018-2030 (US$M)
China Carbon Black Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
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