South Korea Specialty Carbon Black Market Size & Outlook
South Korea specialty carbon black market, 2018-2030 (US$M)
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South Korea specialty carbon black market highlights
- The South Korea specialty carbon black market generated a revenue of USD 87.6 million in 2023 and is expected to reach USD 173.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.3% 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 87.6 million |
| Market revenue in 2030 | USD 173.8 million |
| Growth rate | 10.3% (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, South Korea accounted for 3.2% 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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South Korea 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 30.48% in 2023. Horizon Databook has segmented the South Korea specialty carbon black market based on conductive, fiber, food contact, other grades covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea specialty carbon black market is driven by rapid urbanization coupled with strong growth of end-use industries such as construction and automotive. Increasing packaged food consumption owing to changing consumer preferences is further expected to boost demand in the market in South Korea.
The country is also anticipated to witness significant growth which can be attributed towards booming infrastructure, construction and automotive sectors in the country.
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Target buyers of South Korea 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 South Korea specialty carbon black market , including forecasts for subscribers. This country databook contains high-level insights into South Korea specialty carbon black market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea specialty carbon black market size, by grade, 2018-2030 (US$M)
South Korea Specialty Carbon Black Market Outlook Share, 2023 & 2030 (US$M)
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