Global Carbon Black Market To Hit USD 44.8 Bln By 2034, Driven By Tyre And Autom Demand
- By TT News
- November 06, 2025
The global carbon black market is projected to grow from USD 27.88 billion in 2024 to USD 44.77 billion by 2034, expanding at a compound annual growth rate (CAGR) of 4.85 percent between 2025 and 2034, according to a new report by Towards Chemical and Materials, a research arm of Precedence Research.
The study estimates that the global market volume will rise from around 15.15 million tonnes in 2025 to 21.83 million tonnes by 2034, growing at a CAGR of 4.14 percent, driven primarily by increasing demand for tyres, automotive components and high-performance plastics.
Carbon black – a fine black powder made through the incomplete combustion of hydrocarbons – is a critical material used to reinforce rubber in tyre production and enhance strength, durability and UV resistance in plastics, coatings, and batteries.
Asia Pacific accounted for about 58 percent of global market share in 2024 and is expected to remain the largest and fastest-growing regional market, supported by expanding tyre and rubber manufacturing bases in China, India and Southeast Asia. The region’s carbon black market was valued at USD 16.95 billion in 2025 and is projected to reach USD 26 billion by 2034.
“The Asia Pacific region continues to lead both in production and consumption of carbon black, owing to its strong automotive, tyre and plastics industries,” the report noted, adding that China remains the world’s largest producer and consumer.
The furnace black segment dominated the market in 2024, accounting for about 60 percent of global industry share, due to its superior reinforcing properties in tyres and versatility in plastics and coatings. Meanwhile, the tyres and rubber products segment held a 55 percent share, reflecting the material’s indispensable role in the automotive sector.
Performance applications such as batteries, conductive polymers, and specialty coatings are emerging as key growth drivers. Demand for specialty carbon black and conductive grades is rising with the proliferation of electric vehicles, renewable energy systems, and electronics manufacturing.
Artificial intelligence (AI) is also shaping the carbon black industry, with automation and predictive analytics enhancing process efficiency, product consistency, and sustainability, the report said. AI-driven systems are enabling real-time monitoring and predictive maintenance in production plants, reducing waste and energy consumption.
Sustainability remains a key trend, with manufacturers investing in greener technologies, renewable feedstocks and recovered carbon black (rCB) from recycled tyres to meet circular economy goals. “Turning end-of-life tyres and rubber waste into recycled carbon black is opening new sustainable pathways for producers,” the study noted.
Among key players profiled in the report are Tokai Carbon Co., Ltd., Continental Carbon, Jiangsu C-Chem Co., Ltd., Himadri Speciality Chemical Ltd., Sid Richardson Carbon & Energy Company, Cancarb Limited, Philips Carbon Black Ltd., OCI Company Ltd., Columbian Chemicals Co. (Birla Carbon), Aditya Birla Group, and Raven SR, LLC.
Recent industry developments include PCBL Chemical Ltd.’s establishment of a wholly owned US subsidiary in Delaware in July 2025 to enhance supply chain localisation and strengthen its North American footprint, as well as the West Bengal government’s efforts to attract foreign investment in its carbon black industry to support the electric vehicle, tyre, and battery markets.
The report also forecasts rapid growth in North America, fuelled by clean manufacturing practices, sustainable process adoption and expansion in high-performance plastics and battery applications. Europe, meanwhile, is benefiting from stricter environmental regulations and the EU Green Deal, which are promoting eco-friendly and specialty grades.
The global carbon black market is expected to maintain steady long-term growth as manufacturers diversify into advanced applications and invest in sustainable production technologies to meet evolving industrial and environmental demands.
Midas, Asia’s largest manufacturer of tyre retreading materials, has launched O-rings designed for off-the-road (OTR) tyres, aimed at delivering reliable sealing performance in demanding operating conditions.
The O-rings are manufactured using high-quality natural rubber and are formulated to improve physical properties and ensure dimensional stability. According to the company, the product has been tested over many years in harsh environments and is intended to provide consistent, trouble-free performance in OTR tyre applications.
Midas said only REACH-compliant raw materials are used in the manufacture of the O-rings, underscoring its adherence to safety, quality and international regulatory standards.
Founded 56 years ago, Midas supplies tyre retreading materials to customers in more than 60 countries. The company said the launch reflects its continued focus on developing performance-oriented solutions for the global tyre and retreading industry.
Toyoda Gosei Launches Automotive Parts With 20% Recycled Rubber
- By TT News
- January 08, 2026
Toyoda Gosei has successfully commercialised automotive weatherstrips using recycled rubber, starting with the new Toyota RAV4. This marks a significant breakthrough in a field where rubber has historically been difficult to reuse, often ending up incinerated instead of truly recycled. Unlike steel or plastic, rubber recycling requires devulcanisation, a complex process that traditionally weakens the material and leaves behind unpleasant odours.
Through dedicated refinement of its proprietary devulcanisation technology, the company has overcome these longstanding quality hurdles. The advancements have dramatically increased the usable proportion of recycled material in automotive parts from under five percent to 20 percent, an achievement honoured by a Toyota Motor Project Award.
Looking ahead, Toyoda Gosei aims to extend this technology beyond synthetic rubber to include natural rubber, which is used in far greater volumes. The broader corporate ambition is to collaborate with automakers and partners to establish a full circular system. This system would collect and regenerate rubber from end-of-life vehicles, positioning the company as an industry leader in enabling both decarbonisation and sustainable resource circulation.
Michelin Reinforces Polymer Composite Solutions Business With Two Acquisition Projects
- By TT News
- January 05, 2026
Pursuing its strategic goals for 2030, Michelin is actively extending its technological leadership into adjacent, high-value sectors. This expansion is being accelerated through two key acquisitions announced in recent months: Cooley Group and Tex Tech Industries. Both US-based companies are leaders in advanced materials, specialising in high-performance fabrics and coatings, and align strongly with Michelin’s own focus on innovation and quality while bringing complementary geographic and technical strengths.
Cooley Group, marking its centennial in 2026, excels in creating engineered polymer-coated fabrics. Its fully integrated production enables custom solutions for critical applications in healthcare, industrial containment and waterproofing. Similarly, Tex Tech Industries, with over a century of operation, designs and manufactures specialised textiles for extreme demands, including thermal protection systems for aerospace, fire-blocking aircraft interiors and advanced composite materials.
These strategic moves significantly bolster Michelin’s existing position in coated fabrics, notably through its European brand Orca. By integrating Cooley and Tex Tech, Michelin anticipates accelerating its global market reach and increasing the revenue of its Polymer Composite Solutions division by approximately 20 percent, equating to roughly USD 280 million. Given the growing scale of this business, Michelin intends to establish it as a dedicated reporting segment starting in 2026.
The acquisitions, slated for completion in the first half of 2026 pending regulatory approvals, will be transacted in cash, with financial terms currently undisclosed.
Birla Carbon Secures Platinum Medal In EcoVadis Sustainability Rating
- By TT News
- December 27, 2025
Birla Carbon, a leading global manufacturer and supplier of high-quality carbon materials, has been awarded the prestigious Platinum sustainability rating by EcoVadis, ranking it within the top one percent of all assessed companies globally. This honour recognises the firm’s enterprise-wide leadership in integrating sustainability across its operations, innovation and value chain.
The evaluation specifically commended its strong performance across four key areas: Environment, Labor & Human Rights, Ethics and Sustainable Procurement. This achievement is further validated by extensive third-party certifications, with over 75 percent of operations certified to international standards including ISO 14001, ISO 50001, ISO 45001, SA8000 and ISO 27001, underscoring the consistency and strength of its sustainability management systems.
John Loudermilk, President and CEO, Birla Carbon, said, “This Platinum rating reflects the steady progress we are making in embedding sustainability at the core of our business. Our growth strategy is geared towards delivering sustainability through innovation, operational excellence and responsible practices across our global footprint. We continually invest in sustainability and circularity-driven processes, keeping our operations sustainably efficient while creating long-term value for our customers, partners, communities and employees. Our sustainability strategy, Share the Future, serves as a roadmap to a sustainable future and guides our actions towards our aspiration of reaching net zero carbon emissions over the next 25 years. Being recognised among the top one percent of companies globally is a testament to the commitment of our teams worldwide.”
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