Carbon Black Prices

Carbon Black Prices September 2024

The carbon black prices in the United States for Q3 2024 reached 1,810 USD/MT in September. Significant cost fluctuations occurred in the carbon black industry in Q3 2024 as a result of declining crude oil rates, a reduce in vehicle demand, and rivalry from sales from Asia. Increased freight and import expenses contributed to mid-quarter price peaks, but prices eventually leveled down. Cost pressures were increased by refinery run reductions and technical issues at large operations. Due to supplier caution brought on by the general election in Q4, prices remained unchanged. In general, the market showed a pricing trend that was erratic but primarily negative.

The price trend for carbon black in Japan for Q3 2024 settled at 1,350 USD/MT in September. There were significant cost swings on the Japanese carbon black market. Weaker usage and lower raw material costs caused the first drops, but seasonal considerations and plant interruptions contributed to a bullish trend in the second half. Mixed emotion was reflected in the market, which balanced short-term cost hikes with rating balance. Early drops were countered by stronger demand near the end of the quarter, which was associated with seasonal activities. This resulted in a diversified rating atmosphere that increased in the last weeks.

In Netherlands, the carbon black prices for Q3 2024 reached 1,470 USD/MT in September. decreased demand for tires and decreased import costs from Asian sources contributed to cost decreases in the Netherlands' carbon black market in Q3 2024. Early price hikes were caused in part by EU bans on Russian imports, however a slow stabilization proceeded. A temporary price increase was supported by seasonal trading trends, especially in August, and by the conclusion of the quarter, there was a general fall. As a result of shifting import dynamics and declining oil prices, the industry displayed a difficult balance.

In UAE, the carbon black prices for Q3 2024 reached 1,410 USD/MT in September. The industry reflected a price decline, dominated by reduced import prices from Asia and reduced crude oil costs. Slower tire requirement and extended lead times due to EU sanctions on Russian imports contributed to these changes. The industry scenario remained cautious, emphasizing supply stabilization amidst softened demand, indicating continued price moderation into the next period.

Carbon Black Prices June 2024

The carbon black prices in the United States for Q2 2024 reached 1,898 USD/MT in June. The industry experienced price swings as a result of supply chain interruptions and seasonal summer demand. While worker strikes and rising freight rates limited supplies, increases in the price of crude oil drove up production expenses. The market was more volatile due to speculative buying, but by the conclusion of the quarter, costs had stabilized. The market remained optimistic despite a decline from the previous year, thanks to steady demand from the tire industry and slow inventory changes.

The price trend for carbon black in Japan for Q2 2024 settled at 1,373 USD/MT in June. The carbon black industry in Japan had a decline characterized by low user demand and high supply levels. Price declines were caused by regional producers adjusting their inventory with an eye toward exports and by easing raw material prices. Seasonal factors also resulted in the slowdown, which was followed by a decrease in requirement in the middle of the quarter. This unfavorable pricing environment highlighted the difficulties the Japanese carbon black market faced, as prices continued to fall at this time.

In Germany, the carbon black prices for Q2 2024 reached 1,544 USD/MT in June. Strong requirement from the tire industry and an increase in industrial manufacturing led to notable price hikes on Germany's carbon black market. Supply was further constrained by disruptions in trade routes and geopolitical concerns, especially those pertaining to Russia. Production rates also increased as a result of rising crude oil prices. As demand exceeded supply, the market displayed a definite upward trend, indicating a generally upbeat attitude and consistent price increases during the quarter.

In Saudi Arabia, the carbon black prices for Q2 2024 reached 1,565 USD/MT in June. Due to increased energy costs and logistical challenges impacting worldwide supply, the price of carbon on the black market in Saudi Arabia increased steadily. Geopolitical tensions and growing demand in important industries, such as tire manufacture, put pressure on domestic output. Demand for travel during certain seasons contributed to the price increase, which was prominent year over year. At the end of the quarter, the market was in a strong position, with strong demand and supply constraints fueling further price movement.

Carbon Black Prices March 2024

The carbon black prices in the United States for Q1 2024 reached 1,898 USD/MT in March. The carbon black market in the United States saw sharp price drops in the first quarter of 2024. Reduced procurement was the result of weak demand from the EV industries, which was partially caused by car recalls. Low consumer morale and high gasoline prices also contributed to weaker replacement tire industry activity. Delivery problems increased market tension, while supply stayed constant. Due to economic pressures and difficulties with demand, prices generally showed a negative trend during the quarter.

The price trend for carbon black in Japan for Q1 2024 settled at 1,474 USD/MT in March. In Q1 2024, there were obvious indications of a price reduction in Japan's carbon black market, which was caused by a decrease in demand after the Lunar New Year. The gloomy feeling was exacerbated by oversupply and a lackluster industrial environment. Despite a minor improvement in conditions due to late-quarter restocking efforts, the market was still under pressure. Due to an overabundance of inventories and a weakening manufacturing sector, prices suffered strong cancellations from the prior quarter, continuing their largely negative trend.

In Netherlands, the carbon black prices for Q1 2024 reached 1,373 USD/MT in March. The carbon black market in the Netherlands experienced notable price hikes in March 2024. Strong demand from the replacement tire industry and a recovery in building activity were the main drivers of the increase. Price increases were also aided by the drive for eco-friendly activities and increased requirement for energy storage. This tendency was facilitated by geopolitical pressures and limited supply, which kept the industry climate favorable. Due to strong industrial requirements and persisting supply constraints, prices continued to rise as the quarter came to a close.

In UAE, the carbon black prices for Q1 2024 reached 1,393 USD/MT in March. Due to intentional price adjustments by exporters and tightening worldwide supply, carbon black prices in the United Arab Emirates gradually increased in March 2024. Although there were seasonal variations in demand due to Ramadan and travel, overall demand stayed constant. Price increases were further supported by the market's limited supply. In contrast to prior quarters, the quarter saw a continuous increase in prices, preserving a favorable climate influenced by supply constraints and high user requirement.

Carbon Black Prices December 2023

The carbon black prices in the United States for Q4 2023 reached 2085 USD/MT in December. The market saw upward pressure on prices, largely due to depleted inventories following the Auto Union strikes. Although energy prices eased and consumer costs declined, limited private vehicular movement and supply challenges impacted demand. The tire market saw a short-lived boost, but overall demand remained restricted towards year-end.

The price trend for carbon black in China for Q4 2023, reached 1415 USD/MT in December. The market remained sluggish primarily due to oversupply and low requirements from the private sector. The downturn in the real estate sector and limited export opportunities further constrained market activity. While demand for electric vehicles picked up, the subdued domestic market and lower export volumes kept prices low, prompting destocking across multiple industries.

The carbon black pricing in the Middle East for Q4 2023 reached 1450 USD/MT in December. The product prices remained stable due to oversupply, and weak demand dominated the market. European import restrictions increased supply, while the UAE's tire market faced reduced demand due to seasonality. Logistical challenges and falling crude prices eased cost pressures, but demand in downstream industries, particularly for tires, stayed weak.

The price trend for carbon black in India for Q4 2023, reached 1185 USD/MT in December. India's market showed resilience in the early part of the quarter, supported by steady demand. However, cold weather and subdued rural consumption dampened market activity toward the end of the quarter. High inflation rates and destocking in the Asia-Pacific region added pressure on the Indian market, leading to a slowdown in demand and lower inventory levels.

Regional Coverage

The report provides a detailed analysis of the carbon black market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the carbon black price trend.

Global Carbon Black Price

The report offers a holistic view of the global carbon black pricing trends in the form of carbon black price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into carbon black historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into carbon black price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed carbon black demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Carbon Black Price

Q3 2024:

In the third quarter of 2024, the European carbon black industry saw a downturn, mostly due to lower cost of import from India and Thailand. Key factors were decreased car sales, a decline in the demand for tires, and falling prices for  naphtha and petroleum. In line with general European trends, the Netherlands saw notable price decreases. Due to supply disruptions caused by EU sanctions on Russia, prices increased initially before stabilizing when Asia Paciic shipments experienced delays. Due to seasonal considerations, prices briefly increased during August's busiest trade season before falling 8% in the latter half of the quarter. As supply levels leveled off and demand continued to soften, prices faced downward pressure, reflecting a cautious market view and creating a difficult situation for the industry.

Q2 2024:

Due to a number of variables, the carbon black industry in Europe saw notable cost spikes in Q2 2024. An important factor was the increased demand from the tire industry, which coincided with seasonal increases in automobile production. Market tightness was exacerbated by geopolitical disturbances and hindered trade routes, especially those connected to Russia, which resulted in limited supply chains. Higher manufacturing and conveyance expenses were partly a result of the growing price of crude oil. The largest price changes were seen in Germany, where strong industrial activity and rebounding tire sales were the main drivers. As robust demand and supply restrictions coexisted during the quarter, prices gradually rose, highlighting a bullish market trend.

Q1 2024:

In the first quarter of 2024, prices on the European carbon black market increased. Significant pricing changes occurred in the Netherlands as a result of the construction industry's expansion and the replacement tire market's recovery. Demand for carbon black was further increased by the drive toward sustainable methods and an increase in the requirement for energy storage. The favorable pricing situation was further enhanced by supply shortages and higher production costs brought on by geopolitical unrest. The market saw significant quarterly cost rise in addition to robust year-over-year price growth. Throughout the quarter, prices increased steadily as the automobile and construction industries continued to see strong levels of activity.

Q4 2023:

The European market experienced mixed trends in quarter four of 2023. While prices softened initially due to imports from Russia and the Middle East, they rebounded in December. The replacement tire market struggled under spiked fuel and electricity costs, but government subsidies for electric vehicles (EVs) kept new vehicle demand strong. Declining mortgage prices provided some consumer relief, which marginally supported replacement tire demand. Energy prices remained elevated but below pandemic highs, contributing to market instability. By mid-December, suppliers began destocking as EU states planned to cut subsidies for sustainable modifications. Despite weak demand for electric vehicles, speculation around future supply challenges triggered a late-quarter price recovery.

This analysis can be extended to include detailed carbon black price information for a comprehensive list of countries.

North America Carbon Black Price

Q3 2024:

A number of factors contributed to the steady price reduction in North America during the third quarter of 2024. Prominent elements were declining demand for automobiles, reduced crude oil costs, and fierce competitive spirit from sales, specifically those from Asia. Reduced domestic tire requirement combined with elevated stock levels put further strain on rates. Similar to regional trends, the United States saw significant modifications, with prices peaking in the middle of the quarter as a result of growing import and freight expenses before leveling down toward the end. Cost constraints were increased by market disruptions like Cabot's facilities experiencing technical problems and refinery operations being limited. Due to the impending general election in Q4, providers decided to maintain their present prices in anticipation of any changes in the market.

Q2 2024:

The North America industry displayed erratic movements in the second quarter of 2024, impacted by a number of variables. While worker strikes, especially in the rail industry, disrupted distribution and limited supplies, rising crude oil rates raised production costs across the supply chain. Imports were discouraged by rising international freight costs, which forced domestic vendors to raise their prices. Strong tire manufacturer demand, fueled by a growing automobile industry, also influenced market dynamics. Seasonal summer travel in the United States in particular caused significant price fluctuation, which increased tire sales and affected the need for carbon black. The fluctuation was exacerbated by changes in inventory and speculative purchases made in advance of possible supply problems.

Q1 2024:

The North American carbon black market faced difficulties in the first quarter of 2024, since prices were on the decline. Prominent cost reductions were seen in the United States in particular, which was caused by a cancellation in requirement for products like batteries and electric cars. Procurement was disrupted by technical recalls, including those from well-known manufacturers like Tesla. The market for new tires was also hindered by high fuel prices and a reduction in customer confidence. Although supply stayed consistent, there were difficulties due to Suez Crisis-related delays and attempts to lower inventory costs. Demand shortages caused prices to decline even further in spite of these supply problems. With steady decreases throughout the first and second halves of the quarter, the pricing trend demonstrated a prominent drop from the previous quarter as well as from the previous year.

Q4 2023:

In Q4 2023, the North American carbon black market displayed a bullish trend, driven by rising customer spending and declining mortgage rates. The tire industry, particularly after the resolution of the U.S. Auto Union strikes, saw depleted stocks, further propelling the price rise. Energy and crude oil rates were pioneered to ease due to strong EU winter reserves, which led to a decline in customer electricity and gasoline costs. However, the continued high mortgage rates restricted the movement of private vehicles, which in turn kept the product demand low. By the close of the quarter, a surge in travel activities bolstered replacement tire demand, although supply challenges and a slowdown in EV demand dampened the market sentiment.

Specific carbon black historical data within the United States and Canada can also be provided.

Middle East and Africa Carbon Black Price

Q3 2024:

The region experienced price decreases in Q3 2024, because of lesser import costs, specifically from Asian sources like Thailand and India. Lowered requirement for tires, a slowdown in car deals, and relaxing crude oil expenses were central factors affecting the market. The UAE saw marked cost changes, portraying wider regional trends, and faced extended lead times for imports due to EU sanctions on Russian products. Seasonal aspects also influenced pricing, with early quarter stability giving way to declines later. This price environment pointed to challenges ahead, with stabilization in supply anticipated as demand continues to remain subdued, shaping a complex outlook for the carbon black industry.

Q2 2024:

A number of factors contributed to the significant increase in carbon black costs in the region in Q2 2024. Supply chain interruptions, geopolitical unrest, and higher manufacturing expenses greatly impacted pricing. Logistical challenges and international freight exacerbated market tightness. Price increases were also caused by strategic supplier pricing in reaction to high demand and increases in energy costs. Tire production was boosted by seasonal travel demand, which caused significant volatility in the UAE market. Significant increases were seen in the region's year-over-year numbers, which supported the robust market momentum. The consistent pressures of limited supply and rising demand were reflected in the prices' steady increase over the prior quarter. Through the end of the quarter, the market remained on a bullish trajectory, highlighting an optimistic outlook.

Q1 2024:

In March 2024, the industry saw price hikes on the Middle East and Africa carbon black market. Due to tighter availability brought on by global supply constraints, prices increased. Supported by continuous demand, exporters in the area strategically changed prices to take advantage of the limited supply. The UAE saw the biggest price fluctuations, which were a result of intentional pricing practices and a slow but steady increase brought on by fewer worldwide supplies. Ramadan-related seasonal slowdowns were observed in certain areas, but overall demand held steady, maintaining the upward trend. Prices showed a decrease from the previous year, however, there was a noticeable increase from quarter to quarter, suggesting strong rising momentum. This demonstrated how resilient demand and supply constraints drove the costing atmosphere, which continued to rise toward the end of the quarter as market dynamics were due to restricted supplies.

Q4 2023:

In the Middle East and Africa, the market remained largely constant during quarter four of 2023, with moderate supply levels and low demand. The oversupply, driven by reduced European imports, kept prices steady despite logistical challenges from hostile weather and elevated water levels. Seasonality and transportation problems caused a distressed demand in the UAE market, which resulted in a large accumulation of inventory. Russian export restrictions in Europe further increased supply in the region, resulting in lower prices. Additionally, the rubber and tire sectors in the UAE faced weaker demand, impacted by affordability concerns. Throughout the quarter, a cooling in crude and natural gas prices alleviated cost pressures but failed to stimulate significant market growth.

In addition to region-wise data, information on carbon black prices for countries can also be provided.

Asia Pacific Carbon Black Price

Q3 2024:

The price of carbon black in Asia Pacific showed diverse patterns in Q3 2024. Notable were the plentiful supply and steady manufacturing costs, which were bolstered by declining prices for crude oil and coal tar. The rubber and tire industries' poor demand in spite of these reasons resulted in an excess of supply, which kept prices steady. One notable example was Japan, which saw price deflation in the first half of the quarter before seeing cost increases in the second half. Plant outages and seasonal autumn celebrations drove a bullish turn in the latter part of the quarter, while lower feedstock prices and demand caused the early quarter decline. As cracker activity increased, South Korea also saw an increase in demand. These geographical variations demonstrated a complicated market with a generally erratic mood during the course of the quarter.

Q2 2024:

Prices in the Asia Pacific carbon black industry declined in Q2 2024 due to a number of issues. As rubber producers emphasized shipments to North America and rearranged inventory, the supply chain underwent changes that affected local market pricing. Due to regional oversupply brought on by US tariffs on Chinese rubber products, prices were under pressure. The downward trend was exacerbated by declining feedstock costs brought on by reduced prices for natural gas and crude oil. The slump in the automotive industry was further reflected in increased stock levels and decreased need for tire production. Due to rising supply levels and poor client demand, Japan, in especially, saw sharp price declines. Seasonal factors contributed to further market falls in the middle of the quarter, underscoring a prevailing bearish feeling.

Q1 2024:

In Q1 2024, the carbon black market in the Asia Pacific region was characterized by a range of pricing trends. Prices dropped early in the quarter as demand declined as a result of the usual post-Lunar New Year slowdown. However, the early decline was offset by a wave of restocking in the second half, which helped to stabilize market mood. With sharp price drops brought on by excess supply and a reduction in industrial activity, Japan served as an example of these developments. The market in the area showed a generally bad mood as prices were still being suppressed by oversupply. By the conclusion of the first quarter, the scenario was dominated by downward pressure brought on both inventory surpluses and sluggish early-quarter demand.

Q4 2023:

The APAC region exhibited a bearish trend throughout Q4 2023, primarily due to surplus and low demand from China. The downturn in China’s real estate sector contributed to subdued private consumption, and export requirements for carbon black-faced limitations owing to rising protectionism. Markets like South Korea and Japan continued steady with increasing export demand for electric vehicles, while high inflation and interest rates across the region hampered domestic demand. By the end of the quarter, disruptions in trade caused by geopolitical tensions further impacted the market, lowering new orders from international buyers and escalating freight costs.

This carbon black price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Carbon Black Price

The analysis of carbon black prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Carbon Black Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Carbon Black Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of carbon black pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of carbon black at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of carbon black price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing carbon black price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Carbon Black Market Analysis

The global carbon black market size reached USD 17.2 Billion in 2023. By 2032, IMARC Group expects the market to reach USD 24.2 Billion, at a projected CAGR of 3.80% during 2023-2032.

• As the demand for vehicles and replacement tires is expanding, the market for carbon black is also expected to grow. For instance, India's market for two-wheelers and passenger automobiles accounted for 76% and 17.4%, respectively. In addition, the EV industry is expected to rise fivefold to USD1,318 billion by 2028. Consequently, the market for tires is expected to reach USD 256.8 Billion by 2032, projecting a growth rate of 4.9% between 2024 and 2032.
• The surge in demand for rubber products in manufacturing, construction, and machinery industries that utilize carbon black is driving market expansion. The rubber industry is projected to grow at a rate of 4.5% annually and will reach a value of 68.2 billion by 2032. Furthermore, the growing construction activities in emerging economies due to escalating foreign direct investment (FDI) and economic growth are fueling the market expansion. For instance, it is estimated that the construction industry in India will reach USD 1.47 trillion by 2025. On a regional level, the Asia Pacific region continues to remain the key construction and real estate market, accounting for nearly 40% of the global industry's output value by 2030.
• Carbon black is also utilized in packaging, automotive components, and consumer electronics. The consumer packaging market for electronics is anticipated to reach USD53.1 billion by 2032, indicating a growth rate (CAGR) of 9.95% during 2024-2032. Also, India's domestic electronic production increased at a rate of 13% from USD49 billion in FY17 to USD101 billion in FY23, and the country's electronics exports are expected to reach USD120 billion by FY26, which increases the need for efficient packaging solutions.
• The demand for carbon black in inks and coatings because of its deep black color and conductive properties, is also playing a vital role in expanding the market growth. According to the World Paint & Coatings Industry Association, China dominated the regional market for paints and coatings in 2022, with a growth rate of 5.8%. In 2022, China's total sales of paints and coatings crossed USD 45 billion. It has the largest market, with a 78% share in East Asia. Meanwhile, the North American market value reached USD 33.92 billion, and Europe’s market was valued at USD 42.37 billion.
• Moreover, the carbon black demand is amplified due to its use in the energy sector for renewable energy and energy storage solutions. According to the International Energy Agency (IEA), over USD 2.8 trillion was invested in energy in 2023, and more than USD 1.7 trillion was invested in clean energy, including renewable power, storage, low-emission fuels, efficiency improvements, and end-use renewables. Also, India saw the highest year-on-year growth in renewable energy additions of 9.83% in 2022. The installed solar energy capacity increased by 30 times in the last nine years and stands at 75.57 GW as of February 2024.
• The aerospace and defense sectors are adding to the market expansion of carbon black for composites and coatings production. In the Union Budget of India for the years 2023 and 2024, the budget for modernization and infrastructure development of the defense services was increased to INR 1,62,600 Cr, showing a rise of 6.7% over 2022 and 2023. The industry received INR 5.94 Lakh Cr in Budget 2023-24, a jump of 13% from the previous year. This trend provides a steady demand for carbon black. Also, the Indian aerospace & defense (A&D) market is anticipated to reach USD 70 billion by 2030, boosting the demand for carbon black in the near future.
• Carbon black is also becoming popular in the textile and apparel industry because of its black color and ultraviolet (UV) protection. In 2022, China showed a 2.53% increase in its exports of textiles and apparel, reaching a total value of USD 323 billion. Over the year, China's exports in textiles, apparel, and clothing accessories amounted to USD 323.344 billion, showing a modest growth of 2.53%. Also, India holds a 4% share of the total trade in textiles and apparel. The domestic apparel and textile industry contributes an average of 2.3 % to the country's GDP, 13% to industrial production and 12% to exports. In June 2023, the Government of India (GOI) approved R&D projects worth USD 7.4 million in the textile sector. Huge funds were released in schemes, such as Rs. 900 crore (USD 109.99 million) for the Amended Technology Upgradation Fund Scheme (ATUFS) in the 2023-24 budget to encourage more private equity investments and provide employment.

Carbon Black News

The report covers the latest developments, updates, and trends impacting the global carbon black market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in carbon black production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the carbon black price trend.

Latest developments in the carbon black industry:

• In February 2023, Balkrishna Industries Ltd (BKT) intensified its carbon black production activities and expanded its capacity by almost 20%. BKT aims at an annual tire production of 600,000 metric tons (MT) and envisages achieving a turnover of 2 billion dollars in three years.
• In April 2023, Phillips Carbon Black Ltd. (PCBL) announced that it has commissioned a new facility in Tamil Nadu, India worth USD 96 million or INR 800 crores. The plant will add 63 thousand tonnes of carbon black production capacity along with 24-Megawatt green energy after completion of its first phase. The company also mentioned that the facility will start the second stage of the 147 thousand tonnes per annum project in the same year.
• In March 2023, Tokai Carbon Co., Ltd. signed a strategic partnership with Sekisui Chemical Co., Ltd. for the real-world application of the Carbon Capture and Utilization (CCU) technology, which converts carbon dioxide (CO2) in exhaust gas to carbon monoxide (CO) using chemical looping reaction technology. It will further convert CO to carbon for manufacturing carbon products. The process will result in a reduced amount of CO2 generated from the carbon manufacturing process and a higher conversion efficiency by the two-step conversion method (CO2→CO→Carbon) compared to the direct conversion method (CO2→Carbon).

Product Description

Carbon black refers to a form of paracrystalline carbon that consists of fine particles with an amorphous structure. It is produced by the incomplete combustion of heavy petroleum products such as tar, coal tar, ethylene cracking tar, and vegetable oils. Carbon black is known for its intense black color, and exhibits unique properties, such as high tensile strength, resistance to abrasion and wear, electrical conductivity, and the ability to absorb ultraviolet (UV) light and heat. It is available in several types, including furnace, channel, thermal, and acetylene black, each differing in production process and properties such as particle size, structure, and surface area.

It is commonly used in tire manufacturing, mechanical rubber goods, inks, coatings, plastics, and as a UV stabilizer. Moreover, carbon black is utilized in electrodes, batteries, paint formulations, carbon paper, and as a conductive agent in a wide range of electronic applications. It offers numerous benefits, such as enhanced longevity and performance of products, improved safety features, and increased resistance to physical and chemical degradation. Additionally, it provides economic advantages by providing cost-effective solutions for reinforcing materials, improving the efficiency of production processes, and contributing to the durability and color depth of pigments in various applications.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of carbon black pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting carbon black price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The carbon black price charts ensure our clients remain at the forefront of the industry.