In 2021, the global carbon black market was estimated to be worth USD 12.61 billion. The market is expected to increase at a CAGR of 4.6% during the forecast period, from USD 13.22 billion in 2022 to USD 18.09 billion in 2028.
Finely separated black powder is produced by thermal breakdown or processes such as partial combustion of hydrocarbons such as coal gas, natural gas, and petroleum oil. This black powder is referred to as black carbon. Processes such as acetylene, canal, and black furnace produce black carbon in the form of black-colored colloidal particles. The principal application of black carbon is in the clothing industry as a dyeing agent.
The majority of carbon blacks generated are used in applications such as tyres and rubber. Black carbon is used as a dyeing agent in synthetic fabrics such as acrylic, polyester, and nylon. The dyeing agent predominantly colours the fibres. Cotton is being replaced by other profitable crops due to its low tensile strength and expensive pricing, which will assist to increase demand for synthetic fibres in the future. Because polyester is an extensively used synthetic fibre, this would be one of the primary causes driving the increase in demand for black carbon. Polyester is a major carbon black commodities category.
The principal raw materials utilised in the production of black carbon are crude oil replacements. As a result of crude oil prices, demand growth is unpredictable. Many harmful compounds, such as carbon monoxide, are released during the production of black carbon, adding to environmental issues. As a result, the government has set severe criteria to regulate black carbon output. This will restrict the worldwide black carbon market in the future. To produce black carbon from bio-based sources, new methodologies and technology are being applied. Carbon black created from bio-based sources would provide enough opportunity for the black carbon business to flourish.
Segmentation of the Global Carbon Black Market for Textile Fibers
The global black carbon industry for textiles is classified by product, application, and geography. The global market is divided into product categories such as acrylic, polyester, nylon, and others. The black carbon industry is divided into applications such as apparel, agriculture, automotive, home textiles, and others. The garment industry is the major user of black carbon. Bedding, carpets, and other sheeting applications are examples of home textiles. The market is divided into Asia-Pacific, Europe, the Middle East and Africa, North America, and the Rest of the World.
Asia Pacific leads the global carbon black market for textile fibres, followed by Europe. The growing expansion of textile production facilities in countries such as India and China is a critical driver in the growth of the black carbon sector. Actually, there is a high demand for synthetic fibre in North America and the Middle East, which is contributing to the growth of these countries’ carbon black markets.
Global Carbon Black Market for Textile Fibers Market: Competitive Players
Some main participants of the carbon black market for textile fibers market are Birla Carbon, Orion Engineered Carbons, Imerys Graphite & Carbon, Sid Richardson Carbon & Energy Co, Cabot Corporation, Mitsubishi Chemical Corp., Continental Carbon Ltd., Philips Carbon Black, Anyang HengXu Specialty Carbon Black Co, and Tokai Carbon Co., Ltd. among others.
Carbon Black Market for Textile Fibers Market: Regional Segment Analysis
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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