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.

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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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The Yokohama Rubber Co., Ltd. recently conducted an educational seminar for local natural rubber farmers in partnership with the Surat Thani branch of the Rubber Authority of Thailand (RAOT). This marked the 10th such event since the programme's inception in 2020, involving 50 local farm households. Attendees received complimentary fertiliser, developed with RAOT's expertise, as part of the ongoing support.

The seminar curriculum covered essential agricultural topics, including soil and plant nutrition, correct fertiliser application and methods to prevent contamination in natural rubber. To commemorate the 10th seminar, the programme was expanded to include guest speakers from local government, police and healthcare. These guests addressed broader community and safety issues, such as human rights for foreign and minority workers, road safety and occupational health. A particular focus was placed on practical well-being, with the local hospital director offering guidance on preventing injuries during tree tapping and managing encounters with poisonous insects.

Post-event feedback from participants was overwhelmingly positive. Many expressed that they gained new, systematic knowledge about cultivation practices, despite years of experience. Several noted that hearing directly from a rubber manufacturer reinforced the critical importance of purity in their product. Others found the health and safety advice immediately useful. The engaging delivery of the seminar was also highlighted, with one farmer mentioning a desire to recommend the valuable and enjoyable experience to peers.

This initiative is a direct implementation of a memorandum of understanding (MoU) signed between Yokohama Rubber and RAOT in January 2020. The MoU focuses on economic support for farmers and improving supply chain traceability, aligning with the company's Procurement Policy for Sustainable Natural Rubber. Hosted in the region where Yokohama’s Thai natural rubber processing subsidiary, Y.T. Rubber Co., Ltd. (YTRC), operates, the seminar exemplifies the policy's guideline to support small-scale farmers within the supply chain.

As a founding member of the Global Platform for Sustainable Natural Rubber (GPSNR), Yokohama Rubber is committed to advancing these principles. The company views such efforts as integral to creating shared value under its sustainability slogan, ‘Caring for the Future’, and contributes to broader United Nations Sustainable Development Goals through the promotion of sustainable raw material procurement.

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In a significant event for India’s rubber sector, Minister for Ports, Co-operation & Devaswoms V N Vasavan inaugurated a ceremony for the transfer of innovative latex-based paint technology. This eco-friendly paint, a product derived from natural rubber, was developed by the Rubber Products Incubation Centre of the Rubber Research Institute of India. The technology was formally handed over to Kerala Paints Industries Private Ltd., with the Minister highlighting the event's historic nature for launching a sustainable product and stressing the importance of increasing domestic natural rubber consumption to improve grower returns.

Rubber Board Executive Director M Vasanthagesan outlined the centre's role in converting research into market-ready goods, reaffirming the Board's dedication to creating innovative, value-added rubber products. The gathering also heard remarks from several key figures, including Mahatma Gandhi University's K V Dayal, RRII Director Dr Debabrata Ray, RRII Senior Scientist Dr Shera Mathew and Kerala Paints' Managing Director Midhun P Pullumettel.

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The Association of Natural Rubber Producing Countries (ANRPC) has released its Monthly NR Statistical Report for November 2025, providing an overview of key developments in the global natural rubber sector.

While a modest rise in global production of 1.3 percent is anticipated for the year, this follows a revised, lower output forecast for Indonesia. Concurrently, worldwide demand is projected to grow by a more subdued 0.8 percent, bolstered by an upward adjustment in Indonesia's own consumption figures.

Recent price pressures have emerged due to this combination of uncertain supply, influenced by unpredictable weather patterns and generally muted demand. However, there are sporadic positive indicators, including noticeable recoveries within the tyre sector across some regional markets.

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