China Specialty Carbon Black Market Size & Outlook
China specialty carbon black market, 2018-2030 (US$M)
Related Markets
China specialty carbon black market highlights
- The China specialty carbon black market generated a revenue of USD 532.8 million in 2023 and is expected to reach USD 1,188.4 million by 2030.
- The China market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, food contact was the largest revenue generating grade in 2023.
- Conductive is the most lucrative grade segment registering the fastest growth during the forecast period.
Specialty carbon black market data book summary
| Market revenue in 2023 | USD 532.8 million |
| Market revenue in 2030 | USD 1,188.4 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | Food contact |
| Fastest growing segment | Conductive |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conductive, Fiber, Food Contact, Other Grades |
| Key market players worldwide | Tokai Carbon Co Ltd, Continental AG, Aditya Birla Group, Cabot Corp, Philips, Orion SA |
Other key industry trends
- In terms of revenue, China accounted for 19.4% of the global specialty carbon black market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China specialty carbon black market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 361.4 million by 2030.
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Specialty Carbon Black Market Scope
Specialty Carbon Black Market Companies
| Name | Profile | # Employees | HQ | Website |
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China specialty 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 specialty carbon black market will help companies and investors design strategic landscapes.
Food contact was the largest segment with a revenue share of 29.79% in 2023. Horizon Databook has segmented the China specialty carbon black market based on conductive, fiber, food contact, other grades covering the revenue growth of each sub-segment from 2018 to 2030.
China specialty carbon black market is driven by growth in end-use industries coupled with cheap raw material and labor availability. Additionally, increasing demand for food packaging owing to rising packaged food & beverage consumption in the country is anticipated to drive growth over the forecast period.
Domestic consumption of textile and apparel products in the country is expected to fuel the demand for specialty carbon black in the near future. However, the ongoing China-U.S. trade war, in which China has imposed tariffs of USD 110 billion on imports and the U.S. has imposed tariffs of USD 250 billion on imports, is expected to affect specialty carbon black market in China.
However, this does not impact the dominance of China in Asia Pacific specialty carbon black market. Furthermore, rising concentration of manufacturing and chemical industries in China, which are the prominent end users of specialty carbon black, is likely to drive the market over the forecast period.
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Target buyers of China specialty carbon black market databook
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Our clientele includes a mix of specialty 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 specialty carbon black market , including forecasts for subscribers. This country databook contains high-level insights into China specialty carbon black market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China specialty carbon black market size, by grade, 2018-2030 (US$M)
China Specialty Carbon Black Market Outlook Share, 2023 & 2030 (US$M)
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