Research Overview

Incorporating circular economy strategies in carbon black production will support sustainable development and benefit businesses, society, and the environment. A critical challenge for carbon black manufacturers is the high carbon emissions and combining the vital outcomes of high efficiency and sustainability. A shift to a low-carbon and regenerative economy with the development of disruptive technologies for carbon black will enable greater sustainability and material circulation, decarbonization of production processes, opportunities for new business models, and greater cooperation among market stakeholders.

The global carbon black market was $18.50 billion in 2021 and is forecast to reach $26.40 billion by 2030, recording a compound annual growth rate (CAGR) of 4.0%. Increasing product demand in various applications (e.g., tires, molding plastic parts), investment in new sustainability strategies, and decarbonization of production processes are likely to drive the market.