Global Automotive Carbon Black Market 2024-2030

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    AUTOMOTIVE CARBON BLACK MARKET

     

    INTRODUCTION AUTOMOTIVE CARBON BLACK MARKET

    Carbon black particles are typically spherical in form and have a less regular crystalline structure than graphite. When carbon black is heated to 3,000° C (5,400° F) over an extended length of time, it transforms into graphite. The impingement of smoky flames from tiny jets on iron channels results in channels or impingement black, which is scraped off by passing the channels through fixed skimmers.

     

    Carbon black is also utilized in protective coatings, polymers, and electrical resistors. As a reinforcing filler, it significantly improves wear and abrasion resistance. Carbon black accounts for around one-fourth of the weight of a normal automotive tyre.

     

    To make the rubber electrically conductive, extra carbon black is applied to tyres on vehicles that must avoid accumulating an electrostatic charge, such as oil trucks and hospital operating carts.

     

    infographic: Automotive Carbon Black Market, Automotive Carbon Black Market Size, Automotive Carbon Black Market Trends, Automotive Carbon Black Market Forecast, Automotive Carbon Black Market Risks, Automotive Carbon Black Market Report, Automotive Carbon Black Market Share

     

    Carbon black is typically also used strengthen rubber in tyres, but it may also be seen as a pigment, UV stabilizer, conductivity, or insulator agent, and also in a variety of other rubber, plastic, printing, and coating purposes.

     

    Aside from tyres, carbon black is used in hoses, conveyor belts, plastics, printing inks, and automobile coatings. Low particle dimension increases surface area and tinting strength in specialty carbon blacks. Large surface area is typically related with stronger jetness, higher conductivity, better weatherability, and higher viscosity, but it also necessitates more dispersion energy.

     

    AUTOMOTIVE CARBON BLACK MARKET DYNAMICS

     

    SI no Timeline  Company Developments
    1 November 2021 Philips Carbon Black Limited PCBL has signed a Memorandum of Understanding with the Government of Tamilnadu in order to open its fifth plant of Carbon black in Coimbatore.
    2 November 2021 Cabot Corporation Cabot Corporation has acquired the Tokai Carbon Co from Tokai Carbon group for $9 million in China.
    3 November 2021 Orion Orion has announced that in next year the company will increase the Hard Carbon Black Capacity at the Louisiana Plant.
    4 August 2021 Orion Orion Engineered Carbons has started its construction of its second plant in China for expanding carbon black capacity.
    5 July 2021 Orion Orion Engineered Carbons has been partnered with RISE Institutes of Sweden in order to develop and produce renewable carbon black products.

     

    To produce the best jetness with a blueish undertone in vehicle coatings, the right carbon black must be paired with a well-developed coating method.

     

    Carbon Black is a commercial kind of solid carbon produced in carefully regulated methods to generate particularly tailored aggregates of carbon particles varying in particle size, aggregate size, shape, porosity, and surface chemical. Carbon black is normally composed of more than 95 percent pure carbon with trace amounts of oxygen, hydrogen, and nitrogen.

     

    It is widely used due to its advantageous properties such as effective UV light absorption and conversion to heat, enhanced tyre tread wear and rolling resistance, higher thermal conductivity, and excellent UV protection.

     

    Oil furnaces and heat processes are commonly employed in product manufacture. The expanding need for plastic in the electronics, consumer goods, and automotive industries, together with increased product consumption in tyre production, will drive market expansion.

     

    Furthermore, the automobile sector is experiencing a demand shock as a result of disruptions in manufacturing and supply of raw materials and completed goods.

     

    Because of laws such as shelter-in-place, the recovery period for this business is projected to remain unpredictable. However, as governments in these nations work to re-establish industrial activities, the market is projected to normalize in the coming years. Concerns over the disposal of old tyres have increased the need for tyre recycling using the pyrolysis process.

     

    This finally aided in the recovery of energy in the form of heat and different elements such as carbon black that were previously lost.

     

    infographic: Automotive Carbon Black Market, Automotive Carbon Black Market Size, Automotive Carbon Black Market Trends, Automotive Carbon Black Market Forecast, Automotive Carbon Black Market Risks, Automotive Carbon Black Market Report, Automotive Carbon Black Market Share

     

    AUTOMOTIVE CARBON BLACK MARKET SEGMENTATION

    The Global Automotive Carbon Black Market can be segmented into following categories for further analysis.

     

    Automotive Carbon Black Market By Application

    • Tires
    • Non-Tire Rubber
    • Plastics
    • Inks and Coatings
    • Others

     

    Automotive Carbon Black Market By Grade Type

    • Standard Grade
    • Specialty Grade

     

    Automotive Carbon Black Market By Technology Focus Type

    • Furnace Black
    • Channel Black
    • Thermal Black
    • Acetylene Black
    • others

     

    Automotive Carbon Black Market By Vehicle Usage Type

    • IC Engine Usage
    • Hybrid Propulsion Engine Usage

     

    Automotive Carbon Black Market By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT MARKET TECHNOLOGICAL TRENDS IN AUTOMOTIVE CARBON BLACK MARKET

     

    SI no Timeline Company Developments
    1 October 2021 Cabot Corporation Cabot Corporation has launched the VULCAN 3-LP, a new Carbon Black with low polycyclic Aromatic Hydrocarbon.
    2 October 2021 Orion In Europe a leading global supplier of high carbon black Orion has announced the implementation of CO2 on all Carbon black produced in Europe.
    3 June 2021 Orion Orion Engineered Carbons has launched the first renewable carbon black ECORAX Nature to the Tire Industry.

     

    Carbon Black is used as a black pigment and as an additive to improve material properties, such as conductivity, viscosity, static charge reduction, and UV protection, in addition to rubber reinforcing.

     

    This kind of Carbon Black is used in a spectrum of uses, comprising coatings, polymers, and printing, among others. After removing the oil and ash from the tyre pyrolysis, we can achieve higher commercial carbon black, which can be used to manufacture color masterbatch, color paste, oil ink, and as an addictive in plastic and rubber goods.

     

    Fine particle Carbon Black is used in the polymer sector to get a deep jet-black hue. Carbon Black’s capacity to absorb harmful UV light and turn it into heat makes polymers like polypropylene and polyethylene more resistant to deterioration by UV radiation from sunshine.

     

    Carbon black is also utilized in the polymer insulation of wires and cables. Specialty Carbon Black also increases the insulating qualities of polystyrene, a common building material.

     

    Due to a limited supply chain for carbon black recovery and reuse, less than 1% of all carbon black material utilised globally in new tyre manufacture today originates from recycled end-of-life tyres.

     

    Recovered carbon black provides a chance to lessen the tyre industry’s dependency on petrochemicals by replacing a part of traditional carbon black with a sustainable and circular alternative that does not compromise performance. Furthermore, as compared to virgin materials, employing recovered carbon black in fresh tyre manufacture reduces CO2 emissions by up to 85 percent.

    infographic: Automotive Carbon Black Market, Automotive Carbon Black Market Size, Automotive Carbon Black Market Trends, Automotive Carbon Black Market Forecast, Automotive Carbon Black Market Risks, Automotive Carbon Black Market Report, Automotive Carbon Black Market Share

    RECENT PARTNERSHIP IN AUTOMOTIVE CARBON BLACK MARKET

     

    GranBio Technologies in partnership with Birla Carbon has been awarded $500,000 in funding from P3Nano, a public-private partnership between the U.S. Endowment for Forestry & Communities and the USDA Forest Service (USFS), along with an additional $230,000 from the USFS.

     

    Mitsubishi Chemical Holdings Group (MCHG), Japan’s chemicals and advanced materials producer, and Origin Materials, the carbon negative materials company with a mission to enable the world’s transition to sustainable materials, announced a partnership to develop advanced chemicals and materials based on Origin Materials’ patented technology platform. 

     

    MCHG will convert hydrothermal carbon as part of the strategic cooperation. Origin has developed high-performance analogues of specialised carbon black materials (HTC). With the help of tyre manufacturers, these materials will be evaluated and further improved.

     

    Origin’s technology may be widely adopted thanks to Mitsubishi Chemical Holdings Group’s strong production capabilities, technical understanding, and global customer network, which can help push the automobile industry’s “once in a lifetime” transformation to sustainable materials.

     

    Carbon black is utilised as a reinforcing filler in tyres to the tune of 1% of the world’s carbon black. When compared to tyres created with fossil-based carbon black, Origin’s unique technological platform will help modernise tyre manufacturing by significantly reducing the goods’ carbon impact.

     

    Origin and MCHG’s Carbon Materials business unit have signed a joint development agreement (JDA) as part of the relationship. The relationship represents MCHG’s aim to achieve carbon neutrality while achieving sustainable growth by employing biomass in the manufacture of products.

     

    AUTOMOTIVE CARBON BLACK MARKET NEW ACQUISITION

     

    In order to promote the usage of recovered carbon black material in tyres, Bridgestone and Michelin will present a common viewpoint on material circularity. At the Smithers Recovered Carbon Black Conference in Amsterdam, the joint presentation will take place.

     

    Every year, an estimated 1 billion tyres worldwide reach the end of their usable service life. The use of recycled and recovered materials from end-of-life tyres presents a number of technological issues that are well understood, but there are still obstacles to attaining material circularity at the scale required to realise a more sustainable mobility environment.

     

    By substituting a portion of traditional carbon black with a sustainable and circular alternative without compromising performance, recovered carbon black has the potential to lessen the tyre industry’s dependency on petrochemicals. In addition, compared to using virgin materials, employing recovered carbon black in the manufacture of new tyres reduces CO2 emissions by up to 85%.

     

    The two suppliers will lay out a strategy for promoting and expanding the use of recovered carbon black in new tyres and other rubber goods during the conference. To achieve the goal, collaboration with stakeholders from every link in the value chain of the tyre and rubber industry will be necessary.

     

    In order to advance and grow the supply of recovered carbon black, Michelin and Bridgestone are working to form a coalition of interested parties that includes tyre producers, carbon black suppliers, pyrolysis partners, and start-ups in developing technologies.

     

     

    AUTOMOTIVE CARBON BLACK MARKET COMPETITIVE LANDSCAPE

     

    SI no Timeline Company Sales
    1 Q3-2021 Orion The net sales at the end of third quarter is about $393.1 million and in 2020 the net sales were about $282 million.
    2 Q3-2021 OCI Company At the end of the third quarter, the sales revenue of OCI Company was about KRW 888.7 billion and in the second quarter the sales revenue was about KRW 764.4 billion.
    3 Q3-2021 Tokai Carbon The third quarter net sales is about ¥185.09 billion and in 2020 the net sales were about ¥144.62 billion.
    4 Q3-2021 Philips Carbon The unaudited total expenses of Philips carbon at the end of third quarter is 918 crores and in 2020 the total expenses was about 592.2 crores.

     

    The final degree of spread is partly determined by the mixing processes and equipment employed. Powdered carbon blacks are best suited for use in low-shear decentralized controller and three-roll mills.

     

    Beaded carbon blacks are ideal for use in shot mills, ball mills, and other high-energy machines. Lower dusting, bulk handling capabilities, and larger bulk densities are provided by beading, whereas powdered carbon blacks give enhanced dispersibility.

     

    Oxidized surfaces increase pigment wetting, dispersion, rheology, and overall performance in chosen systems for specialty carbon blacks. In other circumstances, oxidation increases electrical resistance and enhances the hydrophilicity of carbon blacks. 

     

    Cabot Corporation is producing the latest technological advancements in the carbon technology for automotive. Reduced milling time and dispersion loading are possible with the EMPEROR 1200 and 1600 carbon blacks, both of which lower total cost.

     

    The measures listed below should be taken. EMPEROR 1200 and 1600 carbon blacks often require half the milling time of competing products. In comparison to the leading competitors, EMPEROR 1200 and 1600 carbon blacks allow for lower dispersant loading and higher CB loading in the mill base.

     

    Excess dispersion aid inside the final product may increase the total cost of the formulation and lead to poor colour quality. A low milling base velocity can lead to poor performance carbon black dissemination. Softbead technology is used in the EMPEROR 1600 and 1200 carbon blacks.

     

    Softbead technology allows goods to disperse as readily as powder-form carbon blacks while also enhancing industrial hygiene by lowering dust levels associated with traditional powder-form carbon black shipping and manufacturing. These new pigments also went out faster and are easier to transport than traditional powders.

     

    Tokai Carbon is improvising its technological importance in the market for better enhancement in the automotive usage. It has developed the SEAST, which is a kind of carbon black that is put to rubber to strengthen it and make it more resistant to wear.

     

    infographic: Automotive Carbon Black Market, Automotive Carbon Black Market Size, Automotive Carbon Black Market Trends, Automotive Carbon Black Market Forecast, Automotive Carbon Black Market Risks, Automotive Carbon Black Market Report, Automotive Carbon Black Market Share

     

    It is employed in the rubber components of industrial devices as well as tyres of various sizes and types. SEAST’s exceptional quality works as expected, giving the Furnace Black for Rubber a dominant position in the home market. It is also now developing new products to suit anticipated demand in the rising electric vehicle sector.

     

    AUTOMOTIVE CARBON BLACK MARKET COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2024
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2024
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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