Carbon Black Oil Market Report 2025 (Global Edition)

Global Carbon Black Oil Market Report 2025 Market Size Split by Index (BMCI Above 120, BMCI Below 120), by Type (Petroleum-based, Coal Tar based), by Application (Rubber Reinforcement, Paints & Coatin...

Carbon Black Oil Market Report Description

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Carbon Black Oil Market Insights Video

Competitive Landscape of the Carbon Black Oil Market

In the Carbon Black Oil Market, intense competition among leaders like Orion Engineered Carbons, Cabot Corporation, and Birla Carbon fuels innovation and strategic partnerships amid shifting regulatory and sustainability landscapes.

January 2024: Birla Carbon, a frontrunner in providing sustainable carbon solutions, revealed the inauguration of two fresh carbon black production facilities in Naidupet, Andhra Pradesh, India, and Rayong, Thailand. (Source: https://www.birlacarbon.com/birla-carbon-announces-new-greenfield-expansions-in-asia/) November 2023: Philips Carbon Black announced on Tuesday that it had approved the acquisition of Aquapharm Chemicals Private Limited for Rs 3,800 crore, as stated in a filing to the exchanges. (Source: https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/pcbl-to-acquire-aquapharm-chemicals-for-rs-3800-crore/articleshow/105561413.cms)

Top Companies Market Share in Carbon Black Oil Industry: (In no particular order of Rank)

• Orion Engineered Carbons
• Cabot Corporation
• Birla Carbon
• Phillips Carbon Black Limited
• Sid Richardson Carbon & Energy Co.
• Continental Carbon Company
• Mitsubishi Chemical Corporation
• Jinneng Science & Technology Co.
• Ltd.
• OCI Company Ltd.
• Longxing Chemical Stock Co.
• Ltd.
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Carbon Black Oil Market

Which Region Dominates the Carbon Black Oil Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue because North America dominates the Carbon Black Oil Market due to robust industrial infrastructure, high demand from automotive and manufacturing sectors, and stringent environmental regulations driving the adoption of carbon black oil in various applications.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Carbon Black Oil Market due to several compelling reasons. Europe emerges as the fastest-growing market in the Carbon Black Oil industry, driven by increasing demand from key sectors such as automotive, construction, and packaging.

 

The current report Scope analyzes Carbon Black Oil Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Carbon Black Oil Market Analysis

According to Cognitive Market Research, the global Carbon Black Oil Market size was estimated at USD 28142.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 11257.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Carbon Black Oil Market with a market size of USD 8881.80 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The US market for carbon black oil is driven by robust demand from the automotive and manufacturing sectors, alongside advancements in sustainable production methods.
• The Canada Carbon Black Oil Market had a market share of USD 1350.84 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The Canadian market for carbon black oil is driven by robust demand in the automotive and construction sectors.
• The Mexico Carbon Black Oil Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1024.39 million in 2024.

Europe Carbon Black Oil Market Analysis

According to Cognitive Market Research, the global Carbon Black Oil Market size was estimated at USD 28142.6 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 8442.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Carbon Black Oil Market had a market share of USD 1418.39 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. The United Kingdom's carbon black oil market is driven by robust demand from the automotive, construction, and manufacturing sectors.
• The French carbon Black Oil Market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 776.74 million in 2024.
• According to Cognitive Market Research, the German carbon Black Oil Market size was valued at USD 1671.76 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. Germany's carbon black oil market is driven by strong demand from its robust automotive and manufacturing sectors.
• The Italy Carbon Black Oil Market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 726.08 million in 2024.
• The Russia Carbon Black Oil Market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 1308.63 million in 2024.
• The Spain Carbon Black Oil Market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 692.31 million in 2024
• The Luxembourg Carbon Black Oil Market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 261.73 million in 2024.
• The Portugal Carbon Black Oil Market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 177.30 million in 2024.
• The Greece Carbon Black Oil Market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 101.31 million in 2024.
• Rest of Europe's Carbon Black Oil Market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 1308.63 million in 2024.

Asia Pacific Carbon Black Oil Market Analysis

According to Cognitive Market Research, the global Carbon Black Oil Market size was estimated at USD 28142.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 6472.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Carbon Black Oil Market size was valued at USD 2912.76 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. China's carbon black oil market thrives on robust industrialization, substantial manufacturing activities, and extensive demand from the automotive, construction, and packaging sectors.
• The Japan Carbon Black Oil Market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 893.25 million in 2024.
• The India Carbon Black Oil Market had a market share of USD 776.74 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. India's government initiatives augment the demand and encourage the adoption of automation technologies.
• The South Korea Carbon Black Oil Market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 647.28 million in 2024.
• The Australian carbon Black Oil Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 336.59 million in 2024.
• The South East Asia Carbon Black Oil Market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 446.62 million in 2024.
• The Rest of Asia Pacific Carbon Black Oil Market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 459.57 million in 2024.

South America Carbon Black Oil Market Analysis

According to Cognitive Market Research, the global Carbon Black Oil Market size was estimated at USD 28142.6 Million, out of which the Latin America market of more than 5% of the global revenue with a market size of USD 1407.13 million in 2024. It will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Carbon Black Oil Market size was valued at USD 602.25 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Brazil's carbon black oil market thrives on robust demand from the automotive and construction sectors, fueled by the country's economic growth and infrastructure projects.
• Argentina's Carbon Black Oil Market had a market share of USD 236.40 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Argentina's carbon black oil market shows promising growth, propelled by expanding automotive and manufacturing sectors amid increasing industrialization.
• Colombia Carbon Black Oil Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 125.23 million in 2024.
• Peru Carbon Black Oil Market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 115.38 million in 2024.
• Chile Carbon Black Oil Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 101.31 million in 2024.
• The Rest of Latin America's Carbon Black Oil Market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 226.55 million in 2024.

Middle East Carbon Black Oil Market Analysis

According to Cognitive Market Research, the global Carbon Black Oil Market size was estimated at USD 28142.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 562.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The GCC Countries Carbon Black Oil Market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 240.90 million in 2024. The GCC Countries' market for Carbon Black Oil experiences robust growth driven by thriving industrial sectors and infrastructure development.
• The Egypt Carbon Black Oil Market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 59.10 million in 2024.
• The South Africa Carbon Black Oil Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 88.93 million in 2024. The South African market for carbon black oil is characterized by steady growth driven by increasing demand from the automotive and manufacturing sectors.
• The Turkey Carbon Black Oil Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 48.41 million in 2024.
• The Nigeria Carbon Black Oil Market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 59.10 million in 2024.
• The Rest of the MEA Carbon Black Oil Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 66.42 million in 2024.

Carbon Black Oil Market Analysis

Carbon Black Oil Market Index Segment Analysis

According to Cognitive Market Research, the dominant category in the Carbon Black Oil Market, as per the BMCI (Business Market Competition Index), is BMCI above 120. This index denotes a heightened level of market competitiveness and significant growth potential. This category is characterized by robust competition among key players, innovative product offerings, and strategic market positioning, driving overall market dynamism and expansion. Companies within this segment are likely to experience increased market share and profitability due to their ability to effectively navigate and capitalize on market opportunities, thereby solidifying their leadership positions in the carbon black oil industry.

The BMCI below 120 category emerges as the fastest-growing segment in the Carbon Black Oil Market, signaling promising prospects and untapped growth avenues. This segment presents emerging opportunities and holds substantial growth potential, driven by evolving market dynamics and increasing demand from various end-use industries. With a BMCI below 120, this category showcases favorable conditions for market expansion, innovation, and strategic investments, positioning it as a key driver of growth and competitiveness within the Carbon Black Oil Market landscape.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Carbon Black Oil Industry. Request a Free Sample PDF!

Carbon Black Oil Market Type Segment Analysis

According to Cognitive Market Research, In the Carbon Black Oil Market, the dominant category is Petroleum-based, largely due to its widespread availability and comparatively lower production costs. Petroleum-derived feedstocks serve as a primary source for carbon black oil production, facilitating its extensive use across various industries such as rubber manufacturing, plastics, and coatings. The established infrastructure and consistent supply chain associated with petroleum-based carbon black oil further solidify its dominance in the market, offering reliability and cost-effectiveness to manufacturers and consumers alike.

The Coal Tar-based segment is experiencing rapid growth in the Carbon Black Oil Market, fueled by rising demand for specialized applications and heightened environmental concerns pushing for the adoption of alternative feedstocks. This growth trajectory is further propelled by advancements in technology enabling efficient extraction and processing of coal tar, as well as stringent regulations promoting sustainable practices within the industry. As a result, coal tar-based carbon black oil is emerging as a preferred choice among manufacturers seeking to align with environmental standards while meeting the evolving needs of various end-use sectors.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Carbon Black Oil Application Segment Analysis

According to Cognitive Market Research, In the Carbon Black Oil Market, the dominant application category is "Rubber Reinforcement," fueled by its widespread use in tire manufacturing due to its enhancing properties. This segment maintains its lead position owing to the continuous demand for high-quality tires across various industries. Additionally, stringent regulations regarding tire safety and performance standards further bolster the demand for carbon black oil in this segment. As a result, manufacturers prioritize innovation and technology advancements to meet the evolving requirements of the rubber reinforcement sector, sustaining its dominance in the market landscape.

The "Battery Electrodes" segment is experiencing rapid growth, fueled by the surging demand for electric vehicles and energy storage solutions. This expansion is driven by advancements in battery technology, coupled with environmental concerns and government initiatives promoting sustainable transportation alternatives. As the automotive industry shifts towards electrification and renewable energy sources, the demand for high-performance battery materials like carbon black oil for electrodes is expected to continue its upward trajectory, making it a key driver in the evolving landscape of the carbon black oil market.

• Rubber Reinforcement
• Paints & Coatings
• Plastics
• Battery Electrodes
• Inks & Toners
• Others

Author's Detail

Ashwini Moharir

Research Analyst at Cognitive Market Research

LinkedIn

Profile

Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.

Author's Conclusion