Middle East & Africa Specialty Carbon Black Market Size & Outlook
Middle East & Africa specialty carbon black market, 2018-2030 (US$M)
Related Markets
MEA specialty carbon black market highlights
- The MEA specialty carbon black market generated a revenue of USD 82.0 million in 2023.
- The market is expected to grow at a CAGR of 9.7% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 82.0 million |
| Market revenue in 2030 | USD 157.2 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Food contact |
| Fastest growing segment | Conductive |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 3.0% of the global specialty carbon black market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,849.9 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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Middle East & Africa 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 30.61% in 2023. Horizon Databook has segmented the Middle East & Africa specialty carbon black market based on conductive, fiber, food contact, other grades covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing construction spending in emerging economies such as Saudi Arabia, Qatar, UAE and Oman is anticipated to drive growth in the Middle East & Africa (MEA) region. Rapid urbanization in these developing countries has shifted consumer preference towards packaged food & beverages, thus generating huge demand for fiber grade specialty carbon black.
Increasing demand from thermoplastic molding for various applications in end-use industries such as consumer goods and automotive is further anticipated to boost market growth. Growth of textile sector along with strong demand from packaged food industry is expected to drive growth in the region.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa specialty carbon black market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa specialty carbon black market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA specialty carbon black market size, by country, 2018-2030 (US$M)
Middle East & Africa Specialty Carbon Black Market Outlook Share, 2023 & 2030 (US$M)
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