Middle East & Africa Carbon Black Market Forecast to 2028
Middle East & Africa Carbon Black Market Forecast to 2028 – Regional Analysis – by Type (Acetylene Black, Channel Black, Furnace Black, Thermal Black, and Others), Grade (Standard Grade and Specialty Grade), and Application (Tire, Non-Tire Rubber, Plastics, Inks & Coatings, and Others)
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Description
Growing Automotive Tire Sector in Developing Economies Fuels Middle East & Africa Carbon Black Market
Carbon black plays a significant role in developing high-performance electrical and mechanical properties for tough elastic polymeric substances such as rubber. Thus, carbon black is widely used to manufacture reinforcing and pigment phases in automobile tires due to its ability to increase tire life by reducing thermal damage. Materials used in manufacturing car tires are considered as a major factor in the comfort and safety aspects of automotive design. Carbon black is an additive in the rubber used to manufacture tires that significantly improves tensile strength and abrasion resistance when compounded into the polymer matrix. With the rising number of automobiles across the world and continuous improvements in their performance, the demand for carbon black is increasing for rubber and automotive tire manufacturing. Increasing automobile production boosts the demand for tires, which ultimately propels the growth of the carbon black market.
Middle East & Africa Carbon Black Market Overview
The Middle East & Africa carbon black market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The growing automotive sales in the Middle East & Africa are propelling the demand for tires. The increasing sales of electric vehicles and the growing presence of automotive manufacturers are expected to boost the demand for tires across the region during the forecast period. Carbon black is an essential raw material that is utilized in tire manufacturing; it is also used as a conductive material in batteries of electric vehicles.
Middle East & Africa Carbon Black Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Carbon Black Market Segmentation
The Middle East & Africa carbon black market is segmented into type, grade, application, and country.
Based on type, the Middle East & Africa carbon black market is segmented acetylene black, channel black, furnace black, thermal black, and others. The furnace black segment held the largest share of the Middle East & Africa carbon black market in 2022.
Based on grade, the Middle East & Africa carbon black market is segmented into standard grade and specialty grade. The standard grade segment held the largest share of the Middle East & Africa carbon black market in 2022.
Based on application, the Middle East & Africa carbon black market is segmented into tire, non-tire rubber, plastics, inks & coatings, and others. The tire segment held the largest share of the Middle East & Africa carbon black market in 2022.
Based on country, the Middle East & Africa carbon black market is segmented into South Africa, Saudi Arabia, the UAE, Oman, and the Rest of Middle East & Africa. The UAE dominated the share of the Middle East & Africa carbon black market in 2022.
Cabot Corp; Continental Carbon Co; Imerys SA; Klean Industries Inc; and Orion Engineered Carbons SA are some of the leading companies operating in the Middle East & Africa carbon black market.
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According to the research team research, the Middle East & Africa carbon black market was valued at US$ 421.08 million in 2022 and is expected to reach US$ 521.82 million by 2028, registering a CAGR of 3.6% from 2022 to 2028. Growing automotive tire sector in developing economies and increasing demand for specialty carbon black are the critical factors attributed to the Middle East & Africa carbon black market expansion.
Specialty carbon black is the purest form of carbon black with a low level of ash, sulfur, metals, and other impurities. It is produced through the partial combustion of hydrocarbons such as oil and gas to meet rigorous specifications and deliver necessary functionality according to end-user requirements. Specialty carbon black is used as a reinforcing agent in hoses, belts, gaskets, vibration isolation devices, diaphragms, bushings, air springs, chassis bumpers, conveyor wheels, and grommets. It is also used in refuse sacks, industrial bags, photographic containers, stretch wrap, agriculture mulch film, thermoplastic molding applications for automotive, electrical/electronics, and blow-molded containers. The rising demand for conductive specialty carbon black products and conductive additives is creating significant potential in various end-use industries such as transportation, industrial, and building & construction. Conductive carbon black is an extremely versatile substance and used for lithium-ion batteries, fuel cells, and polymer applications. Electric vehicles are a promising option to reduce greenhouse gas emissions and air pollution in densely populated areas and contribute to energy diversification. According to the International Energy Agency, in 2020, more than 10 million electric cars were on the road across the world, with an increase of 43% compared to 2019. Battery electric vehicles accounted for two-thirds of new electric car registrations and two-thirds of the stock in 2020. Moreover, manufacturers are increasing their investments in developing countries to meet the surging demand for specialty carbon black. All these factors are driving the carbon black market growth.
On the contrary, high carbon emission by virgin carbon black hampers the Middle East & Africa carbon black market.
Based on type, the Middle East & Africa carbon black market is segmented acetylene black, channel black, furnace black, thermal black, and others. The furnace black segment held 87.0% share of Middle East & Africa Carbon Black Market in 2022, amassing US$ 366.25 million. It is projected to garner US$ 456.59 million by 2028 to expand at 3.7% CAGR during 2022-2028.
Based on grade, the Middle East & Africa carbon black market is segmented into standard grade and specialty grade. The standard grade segment held 90.5% share of Middle East & Africa Carbon Black Market in 2022, amassing US$ 380.91 million. It is projected to garner US$ 473.42 million by 2028 to expand at 3.7% CAGR during 2022-2028.
Based on application, the Middle East & Africa carbon black market is segmented into tire, non-tire rubber, plastics, inks & coatings, and others. The tire segment held 77.4% share of Middle East & Africa Carbon Black Market in 2022, amassing US$ 326.03 million. It is projected to garner US$ 407.12 million by 2028 to expand at 3.8% CAGR during 2022-2028.
Based on country, the Middle East & Africa carbon black market is segmented into South Africa, Saudi Arabia, the UAE, Oman, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 40.9% share of Middle East & Africa Carbon Black Market in 2022. It was assessed at US$ 172.37 million in 2022 and is likely to hit US$ 218.51 million by 2028, exhibiting a CAGR of 4.0% during 2022-2028.
Key players operating the Middle East & Africa carbon black market are Cabot Corp; Continental Carbon Co; Imerys SA; Klean Industries Inc; and Orion Engineered Carbons SA, among others.
In 2021, Cabot Corp launched VULCAN 3-LP carbon black, a new low polycyclic aromatic hydrocarbon (PAH) product for rubber applications. The launched product is a pelletized reinforcing carbon black that is engineered for end-use rubber products that need a higher reinforcement, strength, abrasion and tearing resistance level than semi-reinforcing carbon blacks.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa carbon black market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa carbon black market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Carbon Black Market, by Type
1.3.2 Middle East & Africa Carbon Black Market, by Grade
1.3.3 Middle East & Africa Carbon Black Market, by Application
1.3.4 Middle East & Africa Carbon Black Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Middle East & Africa Carbon Black Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Middle East & Africa Carbon Black Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Automotive Tire Sector in Developing Economies
5.1.2 Increasing Demand for Specialty Carbon Black
5.2 Market Restraints
5.2.1 High Carbon Emission by Virgin Carbon Black
5.3 Market Opportunities
5.3.1 Rising Need for Green Alternatives with Shift Toward Sustainability
5.4 Future Trends
5.4.1 Emphasis on Waste Tire Management
5.5 Impact Analysis
6. Carbon Black -Middle East & Africa Market Analysis
6.1 Middle East & Africa Carbon Black Market Overview
6.2 Middle East & Africa Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
7. Middle East & Africa Carbon Black Market Analysis – By Type
7.1 Overview
7.2 Middle East & Africa Carbon Black Market, By Type (2021 and 2028)
7.3 Acetylene Black
7.3.1 Overview
7.3.2 Acetylene Black: Middle East & Africa Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Channel Black
7.4.1 Overview
7.4.2 Channel Black: Middle East & Africa Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Furnace Black
7.5.1 Overview
7.5.2 Furnace Black: Middle East & Africa Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Thermal Black
7.6.1 Overview
7.6.2 Thermal Black: Middle East & Africa Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Middle East & Africa Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Carbon Black Market Analysis – By Grade
8.1 Overview
8.2 Middle East & Africa Carbon Black Market, By Grade (2021 and 2028)
8.3 Standard Grade
8.3.1 Overview
8.3.2 Standard Grade: Middle East & Africa Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Grade
8.4.1 Overview
8.4.2 Specialty Grade: Middle East & Africa Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Carbon Black Market Analysis – By Application
9.1 Overview
9.2 Middle East & Africa Carbon Black Market, By Application (2021 and 2028)
9.3 Tire
9.3.1 Overview
9.3.2 Tire: Middle East & Africa Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Non-Tire Rubber
9.4.1 Overview
9.4.2 Non-Tire Rubber: Middle East & Africa Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Plastics
9.5.1 Overview
9.5.2 Plastics: Middle East & Africa Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Inks and Coatings
9.6.1 Overview
9.6.2 Inks and Coatings: Middle East & Africa Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Middle East & Africa Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
10. Middle East & Africa Carbon Black Market – Country Analysis
10.1 Overview
10.1.1 Middle East & Africa Carbon Black Market, by Key Country
10.1.1.1 South Africa: Middle East & Africa Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Middle East & Africa Carbon Black Market, By Type
10.1.1.1.2 South Africa: Middle East & Africa Carbon Black Market, by Grade
10.1.1.1.3 South Africa: Middle East & Africa Carbon Black Market, by Application
10.1.1.2 Saudi Arabia: Middle East & Africa Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia: Middle East & Africa Carbon Black Market, By Type
10.1.1.2.2 Saudi Arabia: Middle East & Africa Carbon Black Market, by Grade
10.1.1.2.3 Saudi Arabia: Middle East & Africa Carbon Black Market, by Application
10.1.1.3 UAE: Middle East & Africa Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UAE: Middle East & Africa Carbon Black Market, By Type
10.1.1.3.2 UAE: Middle East & Africa Carbon Black Market, by Grade
10.1.1.3.3 UAE: Middle East & Africa Carbon Black Market, by Application
10.1.1.4 Oman: Middle East & Africa Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Oman: Middle East & Africa Carbon Black Market, By Type
10.1.1.4.2 Oman: Middle East & Africa Carbon Black Market, by Grade
10.1.1.4.3 Oman: Middle East & Africa Carbon Black Market, by Application
10.1.1.5 Rest of Middle East & Africa Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Rest of Middle East & Africa Carbon Black Market, by Type
10.1.1.5.2 Rest of Middle East & Africa Carbon Black Market, by Grade
10.1.1.5.3 Rest of Middle East & Africa Carbon Black Market, by Application
11. Industry Landscape
11.1 Product launch
11.2 Expansion
12. Company Profiles
12.1 Klean Industries Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Continental Carbon Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Imerys SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Cabot Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Orion Engineered Carbons SA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About Research Team
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East & Africa Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Middle East & Africa Carbon Black Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Middle East & Africa Carbon Black Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa Middle East & Africa Carbon Black Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Middle East & Africa Carbon Black Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia Middle East & Africa Carbon Black Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia Middle East & Africa Carbon Black Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE Middle East & Africa Carbon Black Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE Middle East & Africa Carbon Black Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE Middle East & Africa Carbon Black Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Oman Middle East & Africa Carbon Black Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Oman Middle East & Africa Carbon Black Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 13. Oman Middle East & Africa Carbon Black Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Middle East & Africa Carbon Black Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of Middle East & Africa Carbon Black Market, by Grade – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of Middle East & Africa Carbon Black Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Glossary of Terms, Middle East & Africa Carbon Black Market
LIST OF FIGURES
Figure 1. Middle East & Africa Carbon Black Market Segmentation
Figure 2. Middle East & Africa Carbon Black Market Segmentation – By Country
Figure 3. Middle East & Africa Carbon Black Market Overview
Figure 4. Middle East & Africa Carbon Black Market, By Type
Figure 5. Middle East & Africa Carbon Black Market, by Country
Figure 6. Porter’s Five Forces Analysis for Middle East & Africa Carbon Black Market
Figure 7. Ecosystem: Middle East & Africa Carbon Black Market
Figure 8. Expert Opinions
Figure 9. Middle East & Africa Carbon Black Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Middle East & Africa Carbon Black Market Revenue Share, By Type (2021 and 2028)
Figure 12. Acetylene Black: Middle East & Africa Carbon Black Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Channel Black: Middle East & Africa Carbon Black Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Furnace Black: Middle East & Africa Carbon Black Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Thermal Black: Middle East & Africa Carbon Black Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Others: Middle East & Africa Carbon Black Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Middle East & Africa Carbon Black Market Revenue Share, By Grade (2021 and 2028)
Figure 18. Standard Grade: Middle East & Africa Carbon Black Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Specialty Grade: Middle East & Africa Carbon Black Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Middle East & Africa Carbon Black Market Revenue Share, By Application (2021 and 2028)
Figure 21. Tire: Middle East & Africa Carbon Black Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Non-Tire Rubber: Middle East & Africa Carbon Black Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Plastics: Middle East & Africa Carbon Black Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Inks and Coatings: Middle East & Africa Carbon Black Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Others: Middle East & Africa Carbon Black Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Middle East & Africa Carbon Black Market, by Key Country- Revenue (2021) (US$ Million)
Figure 27. Middle East & Africa Carbon Black Market Revenue Share, by Key Country (2021 and 2028)
Figure 28. South Africa: Middle East & Africa Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
Figure 29. Saudi Arabia: Middle East & Africa Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
Figure 30. UAE: Middle East & Africa Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
Figure 31. Oman: Middle East & Africa Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Middle East & Africa Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
The List of Companies – Middle East & Africa Carbon Black Market
o Cabot Corp
o Continental Carbon Co
o Imerys SA
o Klean Industries Inc
o Orion Engineered Carbons SA
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