Market overview
The global carbon black market is worth USD 23.3 bn in 2026 and is forecast to reach USD 34.5 bn by 2036, growing at a 4.0% CAGR. China is the largest country market and Rubber grade is the largest by grade segment.
| Scope | Carbon black (furnace, thermal, acetylene and specialty grades) sold to tyre, rubber, plastics, ink, coatings and battery makers. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 22.5 bn |
| Value 2026 | USD 23.3 bn |
| Value 2036 | USD 34.5 bn |
| CAGR 2026-2036 | 4.0% |
| Volume 2026 | 15.0 million tonnes |
| Volume 2036 | 20.5 million tonnes |
| Average price 2026 | USD 1,553 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Carbon Black market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 23.3 bn |
| 2027 | USD 24.2 bn |
| 2028 | USD 25.2 bn |
| 2029 | USD 26.2 bn |
| 2030 | USD 27.2 bn |
| 2031 | USD 28.3 bn |
| 2032 | USD 29.5 bn |
| 2033 | USD 30.6 bn |
| 2034 | USD 31.9 bn |
| 2035 | USD 33.1 bn |
| 2036 | USD 34.5 bn |
Carbon Black market segmentation
By grade
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Rubber grade | 70.0% | 62.9% | USD 16.3 bn | 2.9% |
| Specialty grade | 25.0% | 27.2% | USD 5.8 bn | 4.9% |
| Conductive and battery | 5.0% | 9.9% | USD 1.2 bn | 11.3% |
By end use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Tyres | 68.0% | 65.2% | USD 15.8 bn | 3.6% |
| Non-tyre rubber | 14.0% | 13.4% | USD 3.3 bn | 3.6% |
| Plastics | 7.0% | 7.4% | USD 1.6 bn | 4.6% |
| Inks and coatings | 5.0% | 5.3% | USD 1.2 bn | 4.6% |
| Batteries and energy | 2.0% | 4.6% | USD 466 mn | 13.1% |
| Other uses | 4.0% | 4.0% | USD 932 mn | 4.1% |
By production process
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Furnace black | 91.0% | 89.0% | USD 21.2 bn | 3.8% |
| Thermal black | 4.0% | 5.0% | USD 932 mn | 6.3% |
| Channel, acetylene and lamp black | 5.0% | 6.0% | USD 1.2 bn | 5.9% |
By feedstock
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Petroleum oil | 68.0% | 63.0% | USD 15.8 bn | 3.2% |
| Coal tar and creosote | 20.0% | 19.0% | USD 4.7 bn | 3.5% |
| Recovered and pyrolytic | 12.0% | 18.0% | USD 2.8 bn | 8.3% |
By physical form
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Pelletised (beads) | 79.0% | 76.0% | USD 18.4 bn | 3.6% |
| Fluffy powder | 14.0% | 14.0% | USD 3.3 bn | 4.0% |
| Liquid dispersions | 7.0% | 10.0% | USD 1.6 bn | 7.8% |
Top 25 countries for carbon black by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 74.5% of 2026 revenue and the 25 countries below together hold 92.9%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 7.9 bn | 34.0% | USD 12.1 bn | 4.3% |
| 2 | India | USD 1.9 bn | 8.0% | USD 3.4 bn | 6.1% |
| 3 | United States | USD 1.6 bn | 7.0% | USD 2.1 bn | 2.6% |
| 4 | Japan | USD 1.2 bn | 5.0% | USD 1.4 bn | 2.0% |
| 5 | South Korea | USD 932 mn | 4.0% | USD 1.2 bn | 2.6% |
| 6 | Thailand | USD 932 mn | 4.0% | USD 1.4 bn | 4.0% |
| 7 | Indonesia | USD 815 mn | 3.5% | USD 1.3 bn | 4.6% |
| 8 | Brazil | USD 815 mn | 3.5% | USD 1.2 bn | 3.7% |
| 9 | Germany | USD 699 mn | 3.0% | USD 862 mn | 2.1% |
| 10 | Russia | USD 582 mn | 2.5% | USD 758 mn | 2.7% |
| 11 | Mexico | USD 396 mn | 1.7% | USD 617 mn | 4.5% |
| 12 | Turkey | USD 373 mn | 1.6% | USD 583 mn | 4.6% |
| 13 | Vietnam | USD 349 mn | 1.5% | USD 583 mn | 5.2% |
| 14 | France | USD 326 mn | 1.4% | USD 441 mn | 3.1% |
| 15 | Italy | USD 326 mn | 1.4% | USD 441 mn | 3.1% |
| 16 | United Kingdom | USD 303 mn | 1.3% | USD 410 mn | 3.1% |
| 17 | Canada | USD 303 mn | 1.3% | USD 441 mn | 3.8% |
| 18 | Poland | USD 279 mn | 1.2% | USD 407 mn | 3.8% |
| 19 | Spain | USD 279 mn | 1.2% | USD 407 mn | 3.8% |
| 20 | Malaysia | USD 279 mn | 1.2% | USD 438 mn | 4.6% |
| 21 | Pakistan | USD 233 mn | 1.0% | USD 386 mn | 5.2% |
| 22 | Egypt | USD 210 mn | 0.9% | USD 327 mn | 4.6% |
| 23 | Czech Republic | USD 210 mn | 0.9% | USD 307 mn | 3.9% |
| 24 | Argentina | USD 210 mn | 0.9% | USD 307 mn | 3.9% |
| 25 | Taiwan | USD 210 mn | 0.9% | USD 307 mn | 3.9% |
| Rest of world | USD 1.7 bn | 7.1% | USD 2.5 bn | 4.0% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Orion
- Cabot Corporation
- Birla Carbon
- Continental Carbon
- Phillips Carbon Black
Group 2: Regional and specialist players
- Tokai Carbon
- Mitsubishi Chemical Group
- Jiangxi Black Cat
- Longxing Chemical
- Himadri Speciality Chemical
- Asahi Carbon
- Nippon Steel Chemical and Material
- OCI Company
Group 3: Emerging and niche players
- Imerys
- Denka
- Sid Richardson Carbon
- Black Bear Carbon
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the carbon black market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 4.0% is calculated from the resulting values.
The market is divided by grade, by end use, by production process, by feedstock, by physical form. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the carbon black market?
The global carbon black market is estimated at USD 22.5 bn in 2025 and USD 23.3 bn in 2026.
How fast will the carbon black market grow?
It is forecast to reach USD 34.5 bn by 2036, a compound annual growth rate of 4.0% from 2026, an increase of USD 11.2 bn.
Which country is the largest market for carbon black?
China is the largest market by revenue at USD 7.9 bn in 2026, 34.0% of the global total. The three largest countries together hold 49.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 6.1% a year from 2026 to 2036.
Which carbon black segment is largest?
In the by grade split, Rubber grade is the largest segment with 70.0% of 2026 revenue.
Who are the leading carbon black companies?
Global leaders include Orion, Cabot Corporation, Birla Carbon, Continental Carbon.
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