Report Description

Forecast Period


Market Size (2022)

USD 4.97 billion

CAGR (2023-2028)


Fastest Growing Segment

Furnace Black

Largest Market

South Central

Market Overview

China Carbon Black Market has valued at USD 4.97 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.25% through 2028. One of the primary drivers of China's significant role in the carbon black market is its position as the largest consumer and producer of tires in the Asia-Pacific region. With a vast automotive industry and a growing demand for vehicles, China's tire production has been soaring in recent years. This surge in tire manufacturing not only fuels the country's economic growth but also translates into robust demand for carbon black, a crucial component used to enhance the strength and longevity of tires.

In addition to its extensive use in tire manufacturing, carbon black finds applications across various sectors like transportation, industrial, building, and construction. Its versatile properties make it a sought-after additive in coatings, plastics, inks, and other materials, improving their durability and performance. As these industries continue to expand in China, driven by the country's rapid urbanization and industrialization, the demand for carbon black is expected to soar even further.

China's government policies have played a significant role in supporting the growth of the carbon black industry. Initiatives promoting industrial growth and sustainability have created a favorable environment for manufacturers and investors in this sector. However, challenges persist, including environmental concerns associated with carbon black production and the volatility of raw material prices. Efforts are being made to address these issues through stricter regulations and advancements in production technologies.

In conclusion, China's carbon black market is a rapidly growing sector, driven by the country's dominance in tire production, expanding applications of carbon black, and supportive government policies. Despite the challenges, the market's growth trajectory remains positive, signaling promising opportunities for players in the industry. As innovation continues and new applications for carbon black are discovered, China is poised to further strengthen its position in the global carbon black market.

Key Market Drivers

Growing Demand of Carbon Black in Plastic Industry

China's carbon black market, a significant component of the global industry, is witnessing robust growth, driven by various factors. One key driver is the escalating demand for carbon black in the plastic industry, which has been further fueled by the increasing applications of carbon black across multiple industries.

In particular, the automotive and construction sectors have significantly contributed to the growth of the carbon black market in China. The automotive industry relies on carbon black to enhance the performance and durability of tires, while the construction industry utilizes it for the production of high-quality concrete and asphalt. Additionally, the packaging industry's overall growth has increased the demand for carbon black in plastic end-use applications, including containers, films, and pipes.

China's plastic industry, being one of the world's largest, requires vast quantities of carbon black for the production of various goods. This high demand, coupled with the booming packaging sectors in the country, has significantly contributed to the growth of China's carbon black market. Moreover, China's industrial expansion and the rising adoption of carbon black in various sectors have further propelled the market's growth.

Carbon black's extensive usage in the plastic industry is driven by its ability to act as a pigment and reinforce the strength of plastic products. It contributes to the durability, UV resistance, and color properties of plastic goods. As the plastic industry continues to expand and innovate, the demand for carbon black is expected to rise further, propelling the market to new heights.

In conclusion, the growing demand for carbon black in the plastic industry is driving the growth of China's carbon black market. With the automotive, construction, and packaging sectors playing a significant role, and China's industrial expansion in full swing, the market is poised to reach new levels of success.

Growing Demand of Carbon Black in Automotive Industry

China's carbon black market, a significant player in the global industry, is experiencing remarkable growth, propelled by various factors. Among these, the rising demand for carbon black in the automotive industry emerges as a substantial driver.

A key application of carbon black is in the automotive sector, where it's primarily used in tire manufacturing. Carbon black enhances the strength and longevity of tires, making them resistant to wear and tear. Furthermore, it is also used in other automotive components such as belts, hoses, gaskets, seals, and wiper blades.

The demand for carbon black in the automotive industry is particularly high in China, given that the country is the largest automobile market globally. This massive production scale necessitates a high demand for tires and other rubber components, thereby driving the consumption of carbon black. Furthermore, the country's push towards electric vehicles also increases the demand for carbon black, as these vehicles typically require larger and heavier tires due to their battery weight.

In addition to the automotive industry, carbon black finds applications in various other sectors, including plastics, inks, paints, and coatings. The versatility and unique properties of carbon black make it a sought-after material in these industries, further contributing to the growth of China's carbon black market.

Moreover, China's commitment to sustainable development and environmental protection plays a crucial role in driving the demand for carbon black. As the country strives to reduce emissions and promote cleaner technologies, the use of carbon black in eco-friendly applications, such as green tires and low rolling resistance compounds, gains traction.

In conclusion, the growing demand for carbon black in the automotive industry, coupled with its diverse applications across different sectors, is driving the growth of China's carbon black market. As the automotive industry continues to expand and innovate, and as China remains at the forefront of global manufacturing and sustainability efforts, the demand for carbon black is expected to rise further, propelling the market to new heights.


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Key Market Challenges

Volatility in Price of Raw Materials

Raw materials frequently experience market volatility, often resulting from supply disruptions, pent-up demand, or significant peaks and troughs caused by various factors such as geopolitical events, natural disasters, or changes in government regulations.

This volatility can have a profound impact on several industries, including the carbon black market, which heavily relies on the availability and pricing of its main raw material, heavy residual oil. Fluctuations in the price of this commodity directly affect the cost of production for carbon black manufacturers. When prices surge, producers may face the challenge of either absorbing additional costs, which can impact their profitability, or passing them onto customers, potentially affecting their competitive edge in the market.

In conclusion, while the demand for carbon black in industries like automotive continues to drive the growth of China's carbon black market, the inherent volatility in the price of raw materials poses a significant challenge to its sustainability. To navigate this volatile landscape, Chinese manufacturers need to develop robust strategies that include effective risk management and continuous innovation.

Despite the challenges, the market holds considerable potential, offering promising opportunities for those who can effectively manage the risks associated with raw material price volatility while ensuring long-term growth and profitability.

Key Market Trends

Growing Shift Toward Water-Based Carbon Black

Water-based carbon black is a form of carbon black dispersion that utilizes water as the primary dispersant, resulting in a more sustainable and environmentally friendly alternative to traditional oil-based carbon black. By eliminating the use of harmful solvents, water-based carbon black addresses the growing concerns over environmental pollution and the negative effects associated with solvent-based carbon black.

This eco-friendly alternative finds applications in a wide range of industries, including coatings, paints, inks, plastics, and more. Its superior performance characteristics make it an ideal choice for these applications. Water-based carbon black offers excellent dispersion, ensuring uniform color distribution in various formulations. It also provides stable color strength and exhibits good storage stability, making it suitable for long-term use.

The shift towards water-based carbon black is driven by two primary factors. Firstly, there is a global emphasis on sustainable manufacturing practices, where industries strive to reduce their environmental impact. Secondly, there is a growing demand for high-performance, eco-friendly products from environmentally conscious consumers. As a result, industries worldwide are actively seeking greener alternatives and are increasingly adopting water-based carbon black.

China, as one of the world's largest carbon black markets, plays a crucial role in shaping industry trends. The country's commitment to sustainable manufacturing and its adherence to the Paris Agreement have accelerated the adoption of water-based carbon black. China's stringent environmental regulations have compelled manufacturers to explore cleaner production methods, aligning with the country's green initiatives. Furthermore, the rising consumer awareness about sustainability and the demand for greener products have further propelled the shift towards water-based carbon black in China.

Looking ahead, the future of the water-based carbon black market appears promising. As industries continue to prioritize sustainability and eco-friendly practices, the demand for this alternative is expected to surge. China, with its robust manufacturing sector and strong focus on green practices, is well-positioned to lead this trend. The country's manufacturers are investing heavily in research and development to enhance the quality of water-based carbon black and expand its applications, ensuring a sustainable and greener future.

Segmental Insights

Process Type Insights

Based on the category of process type, the furnace black segment emerged as the dominant player in the Chinese market for Carbon Black in 2022. Furnace black, a popular coloring agent in masterbatches, is widely used in various industries. The increasing production of these masterbatches has resulted in a significant surge in the consumption of furnace black.

China, known for its thriving tire and plastic goods manufacturing industries, has played a pivotal role in driving the demand for furnace black. The production of furnace black, predominantly through the Carbon Black Oil (CBO)/Coal Tar pathway, has proven to be economically viable despite its higher cost. This is primarily due to the immense demand and large-scale production in China.

Application Insights

The tires segment is projected to experience rapid growth during the forecast period. The production of new vehicles is on the rise, which is leading to a significant increase in demand for tires. As a result, the demand for carbon black, a key ingredient in tire manufacturing, has also seen a substantial boost.

The automotive sector's growth in emerging economies like China has played a crucial role in driving the demand for carbon black. With the increasing number of vehicles hitting the roads, the tire application segment has emerged as the largest consumer of carbon black. This can be attributed to the growing demand for tires in various sectors, including passenger cars, commercial vehicles, and off-road vehicles.


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Regional Insights

South Central emerged as the dominant player in the China Carbon Black Market in 2022, holding the largest market share in terms of value. South Central China, known for its bustling industrial activity, serves as a thriving hub for various sectors, including automotive manufacturing and rubber production. These industries, heavily reliant on carbon black, contribute significantly to the region's dominance in the market. Being a major consumer of carbon black, South Central China showcases a high concentration of these industries, thereby driving the demand for this essential component.

In recent years, China has taken notable steps to combat pollution, implementing stringent environmental regulations. The effects of these regulations are particularly evident in South Central East China, where a remarkable reduction in carbon emissions, specifically black carbon (BC), has been observed. This reduction in BC emissions has also coincided with a decline in carbon monoxide (CO) emissions. These positive outcomes highlight the effectiveness of the region's environmental control measures in mitigating pollution and promoting a cleaner and healthier environment.

Recent Developments

  • In July 2022, BASF SE, a leading chemical company, expanded its manufacturing capabilities for automotive refinish coatings at its coatings site in Jiangmen, Guangdong Province in South China. Through its subsidiary BASF Coatings (Guangdong) Co., Ltd. (BCG), the company invested in an expansion project to increase its production capacity to 30 kilotons annually. This strategic move aims to meet the growing demand for automotive refinish coatings in the region, driven by the rising number of vehicles on the road and the need for high-quality repair and maintenance solutions.
  • Moreover, as per the officially released guiding outline for the "14th Five-Year" Development Plan for the Rubber Industry by China Rubber Industry Association (CRIA), China is expected to significantly boost its tire production by 2025. The plan projects an annual production of 704 million tires, encompassing various types such as 527 million passenger radial tires, 148 million truck/bus radial tires, 29 million bias truck tires, 20 thousand extra-large industrial tires, 12 million agricultural tires, and 54 thousand aircraft tires. This ambitious target reflects China's commitment to further developing its rubber industry and catering to the increasing demands of domestic and global markets.

Key Market Players

  • Jiangxi Black Cat Carbon Black Co. Ltd.
  • Shanghai Cabot Chemical Co. Ltd.
  • LongXing Chemical Stock Co. Ltd.
  • Suzhou Baohua Carbon Black Co. Ltd.
  • Shandong Huadong Rubber Materials Co. Ltd.

 By Process Type

By Application

By Region

  • Furnace Black
  • Gas Black
  • Lamp Black
  • Thermal Black
  • Tires
  • Plastics
  • Toners
  • Coatings
  • Textile Fibers
  • Others
  • East
  • North & North-East
  • Southwest
  • South Central
  • Northwest
Report Scope:

In this report, the China Carbon Black Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • China Carbon Black Market, By Process Type:

o   Furnace Black

o   Gas Black

o   Lamp Black

o   Thermal Black

  • China Carbon Black Market, By Application:

o   Tires

o   Plastics

o   Toners

o   Coatings

o   Textile Fibers

o   Others

  • China Carbon Black Market, By Region:

o   East

o   North & North-East

o   Southwest

o   South Central

o   Northwest

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the China Carbon Black Market.

Available Customizations:

China Carbon Black Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

China Carbon Black Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Applications

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    China Carbon Black Market Outlook

4.1.  Market Size & Forecast

4.1.1.     By Value & Volume

4.2.  Market Share & Forecast

4.2.1.     By Process Type (Furnace Black, Gas Black, Lamp Black, Thermal Black)

4.2.2.     By Application (Tires, Plastics, Toners, Coatings, Textile Fibers, Others)

4.2.3.     By Region

4.2.4.     By Company

4.3.  Market Map

4.3.1.     By Process Type

4.3.2.     By Application

4.3.3.     By Region

5.    East Carbon Black Market Outlook

5.1.  Market Size & Forecast       

5.1.1.By Value

5.2.  Market Share & Forecast

5.2.1.     By Process Type

5.2.2.     By Application

6.    North & North-East Carbon Black Market Outlook

6.1.  Market Size & Forecast       

6.1.1.By Value

6.2.  Market Share & Forecast

6.2.1.     By Process Type

6.2.2.     By Application

7.    Southwest Carbon Black Market Outlook

7.1.  Market Size & Forecast       

7.1.1.By Value

7.2.  Market Share & Forecast

7.2.1.     By Process Type

7.2.2.     By Application

8.    South Central Carbon Black Market Outlook

8.1.  Market Size & Forecast       

8.1.1.By Value

8.2.  Market Share & Forecast

8.2.1.     By Process Type

8.2.2.     By Application

9.    Northwest Carbon Black Market Outlook

9.1.  Market Size & Forecast       

9.1.1.By Value

9.2.  Market Share & Forecast

9.2.1.     By Process Type

9.2.2.     By Application

10. Market Dynamics

10.1.             Drivers

10.2.             Challenges

11. Market Trends & Developments

11.1.             Recent Developments

11.2.             Product Launches

11.3.             Mergers & Acquisitions

12. Policy & Regulatory Landscape

13. China Economic Profile

14. Competitive Landscape

14.1.         Jiangxi Black Cat Carbon Black Co. Ltd.

14.1.1. Business Overview

14.1.2. Company Snapshot

14.1.3. Products & Services

14.1.4. Current Capacity Analysis

14.1.5. Financials (In case of listed)

14.1.6. Recent Developments

14.1.7. SWOT Analysis

14.2.         Shanghai Cabot Chemical Co. Ltd.

14.3.         LongXing Chemical Stock Co. Ltd.

14.4.         Suzhou Baohua Carbon Black Co. Ltd.

14.5.         Shandong Huadong Rubber Materials Co. Ltd.

15. Strategic Recommendations

16. About us & Disclaimer

Figures and Tables

Frequently asked questions


The market size of the China Carbon Black Market was estimated to be USD4.97 billion in 2022.


The furnace black segment demonstrated significant dominance in 2022. This is attributed to its versatility, growing implementation across diverse industries, and cost-effectiveness.


South Central dominated the market with a revenue share in 2022. This is due to its industrial development, successful environmental controls, and effective reduction measures.


Growing demand of carbon black in plastic and automotive industries are the major drivers for the China Carbon Black Market.


Sakshi Bajaal

Business Consultant
Press Release

China Carbon Black Market to Grow with a CAGR of 4.25% through 2028

Dec, 2023

Growth in research and development activities is expected to drive the China Carbon Black Market growth in the forecast period, 2024-2028.