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Saudi Arabia Carbon Black Market

Saudi Arabia Carbon Black Market

Saudi Arabia Carbon Black Market, By Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black, Others); By Application (Tire, Non-Tire Rubber, Plastics, Inks & Coatings, Others); By Grade (Standard Grade, Specialty Grade), Trend Analysis, Competitive Landscape & Forecast, 2019–2031

  • Published Date: January 2025
  • Report ID: BWC25057
  • Available Format: PDF
  • Page: 129

Report Overview

Rapid economic growth driving urbanization, expanding automotive industry, and sustainability initiatives are expected to drive Saudi Arabia Carbon Black Market during the forecast period between 2025 and 2031.

Saudi Arabia Carbon Black Market – Industry Trends & Forecast Report, 2031

Saudi Arabia Carbon Black Market size was estimated at USD 354.5 million in 2024. During the forecast period between 2025 and 2031, Saudi Arabia Carbon Black Market size is projected to grow at a CAGR of 7.10% reaching a value of USD 561.7 million by 2031. Saudi Arabia Carbon Black Market is driven by economic growth, automotive industry expansion, rising consumer incomes, urbanization, sustainability initiatives, and increased demand for rubber and tire products. The petrochemical industry's byproducts, particularly crude oil and natural gas, also play a significant role. Additionally, higher manufacturing output, population growth, and the development of green technologies contribute to the market growth.

Saudi Arabia Carbon Black Market

Carbon Black – Overview

Carbon black is a form of amorphous carbon produced by the incomplete combustion of heavy petroleum products like coal tar and ethylene cracking tar. It has a high surface-area-to-volume ratio, making it lightweight and durable. Commonly used as a pigment and reinforcing filler in tires, rubber products, plastics, paints, and inks, carbon black also enhances the performance and longevity of these materials. Additionally, it is used in lithium-ion batteries and radar-absorbent materials.

Saudi Arabia Carbon Black Market

Growth Drivers

High Demand from Expanding Tire Industry

The expansion of the tire industry is a significant growth driver for Saudi Arabia Carbon Black Market. With the country's Vision 2030 initiatives and increasing vehicle production, the demand for tires has surged. This growth is further supported by rising consumer incomes, urbanization, and large-scale infrastructure projects. The automotive sector's expansion, particularly in electric vehicles, also contributes to higher tire consumption, thereby boosting the carbon black market.

Challenges

Fluctuating Raw Material Prices

Fluctuating raw material prices pose a significant restraint on Saudi Arabia Carbon Black Market. The production of carbon black relies heavily on feedstock like crude oil and natural gas. Variations in these prices can lead to unstable production costs, affecting profitability and market growth. Additionally, economic factors and supply chain disruptions can exacerbate these fluctuations, making it challenging for manufacturers to maintain consistent pricing and output levels.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Carbon Black Market

Escalating geopolitical tensions could significantly impact the growth of Saudi Arabia Carbon Black Market. Military, economic, trade, and political tensions could lead to supply chain disruptions, volatility in crude oil prices, and uncertainties in trade relations. Such instabilities could affect the production costs and availability of raw materials, ultimately hindering market growth. Additionally, geopolitical conflicts could deter foreign investments and partnerships, further constraining the growth of Saudi Arabia Carbon Black Market.

Saudi Arabia Carbon Black Market

Segmental Coverage

Saudi Arabia Carbon Black Market – By Type

Based on type, Saudi Arabia Carbon Black Market is divided into Furnace Black, Channel Black, Thermal Black, Acetylene Black, and other types segments. The furnace black segment holds the largest share of Saudi Arabia Carbon Black Market by type, primarily due to its extensive applications in the tire and industrial rubber products industry, where it serves as a reinforcing agent to enhance durability and performance. The Kingdom's robust automotive sector and significant investments in infrastructure development further drive the demand for furnace black. Additionally, Saudi Arabia's abundant petroleum reserves ensure a steady supply of feedstock for furnace black production, solidifying its leading position in the market.

Saudi Arabia Carbon Black Market Size

Saudi Arabia Carbon Black Market – By Application

Saudi Arabia Carbon Black Market by application is divided into Tire, Non-tire Rubber, Plastics, Inks & Coatings, and other applications segments. The tire segment is the largest application in Saudi Arabia Carbon Black Market, due to the robust automotive industry in the region, with increasing demand for passenger and commercial vehicles. Carbon black is extensively used in tires as a reinforcing agent to enhance durability, strength, and performance. The rising infrastructure development and transportation requirements further boost the demand for heavy vehicles, leading to higher tire production. Additionally, the growing trend of electric vehicles and advancements in tire technology contribute to the segment's growth, maintaining its leading position in the market.

Saudi Arabia Carbon Black Market Share

Saudi Arabia Carbon Black Market – By Grade

By grade, Saudi Arabia Carbon Black Market is divided into Standard Grade and Specialty Grade segments. The standard grade segment emerges as a larger in Saudi Arabia Carbon Black Market, due to its extensive use in tire manufacturing, which constitutes a significant portion of the market due to the growing automotive industry in the region. Additionally, standard-grade carbon black is widely used in rubber reinforcement, plastics, and coatings applications, further boosting its demand. Its cost-effectiveness compared to specialty-grade carbon black makes it a preferred choice for manufacturers. In contrast, the specialty grade segment caters to niche applications like high-performance coatings and electronics, limiting its market share.

Competitive Landscape

Major companies operating in Saudi Arabia Carbon Black Market include Kemya Petrochemical Company, Continental Carbon Company, Phillips Carbon Black Limited, Birla Carbon, Orion Engineered Carbons GmbH, Himadri Speciality Chemicals Ltd, Tokai Carbon Co. Ltd, and OCI Company Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2031

Base Year – 2024

Estimated Year – 2025

Forecast Period – 2025–2031

Facts Covered

Revenue in USD Million

Market Coverage

Saudi Arabia  

Product/ Service Segmentation

Type, Application, Grade

Key Players

Kemya Petrochemical Company, Continental Carbon Company, Phillips Carbon Black Limited, Birla Carbon, Orion Engineered Carbons GmbH, Himadri Speciality Chemicals Ltd, Tokai Carbon Co. Ltd, OCI Company Ltd

 

 

By Type

  • Furnace Black

  • Channel Black

  • Thermal Black

  • Acetylene Black

  • Others

By Application

  • Tire

  • Non-Tire Rubber

  • Plastics

  • Inks & Coatings

  • Others

By Grade

  • Standard Grade

  • Specialty Grade

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Carbon Black Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Tire Industry Expansion
        2. Rising Construction Activity
        3. Growth of the Plastics Industry
      2. Restraints
        1. Fluctuating Raw Material Prices
        2. Environmental Concerns
      3.  Opportunities
        1. Expanding Printing Ink Market
        2. Advancement in Technology
      4. Challenges
        1. Competition from Alternative Materials
        2. Stringent Regulations on Tire Wear Particles
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Carbon Black Market Marketing Strategies
  5. Saudi Arabia Carbon Black Market: Pricing Analysis
  6. Saudi Arabia Carbon Black Market Overview
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
      2. By Volume (Kilo Tons)
    2. Market Share & Forecast
      1. By Type
        1. Furnace Black
        2. Channel Black
        3. Thermal Black
        4. Acetylene Black
        5. Others
      2. By Application
        1. Tire
        2. Non-tire Rubber
        3. Plastics
        4. Inks & Coatings
        5. Others
      3. By Grade
        1. Standard Grade
        2. Specialty Grade
  7. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Saudi Arabia Carbon Black Company Market Share Analysis, 2024
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
  8. Impact of Escalating Geopolitical Tensions on Saudi Arabia Carbon Black Market
  9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Kemya Petrochemical Company
    2. Continental Carbon Company
    3. Phillips Carbon Black Limited
    4. Birla Carbon
    5. Orion Engineered Carbons GmbH
    6. Himadri Speciality Chemicals Ltd
    7. Tokai Carbon Co. Ltd
    8. OCI Company Ltd
    9. Other Prominent Players
  10. Key Strategic Recommendations
  11. Research Methodology
    1.  Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Country
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       Saudi Arabia Carbon Black Segmentation

Figure 2       Saudi Arabia Carbon Black Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2024

Figure 4       Saudi Arabia Carbon Black Market Size, By Value (USD Million), 2019–2031

Figure 5       Saudi Arabia Carbon Black Market Size, By Volume (Kilo Tons), 2019–2031

Figure 6       Saudi Arabia Carbon Black Market Share, By Type, By Value, 2019–2031

Figure 7       Saudi Arabia Carbon Black Market Share, By Type, By Volume, 2019–2031

Figure 8       Saudi Arabia Carbon Black Market Share, By Application, By Value, 2019–2031

Figure 9       Saudi Arabia Carbon Black Market Share, By Application, By Volume, 2019–2031

Figure 10     Saudi Arabia Carbon Black Market Share, By Grade, By Value, 2019–2031

Figure 11     Saudi Arabia Carbon Black Market Share, By Grade, By Volume, 2019–2031

 

List of Tables

 

Table 1        Saudi Arabia Carbon Black Market Size, By Value (USD Million), 2019–2031

Table 2        Saudi Arabia Carbon Black Market Size, By Volume (Kilo Tons), 2019–2031

Table 3        Saudi Arabia Carbon Black Market Size, By Type, By Value, 2019–2031

Table 4        Saudi Arabia Carbon Black Market Size, By Type, By Volume, 2019–2031

Table 5        Saudi Arabia Carbon Black Market Size, By Application, By Value, 2019–2031

Table 6        Saudi Arabia Carbon Black Market Size, By Application, By Volume, 2019–2031

Table 7        Saudi Arabia Carbon Black Market Size, By Grade, By Value, 2019–2031

Table 8        Saudi Arabia Carbon Black Market Size, By Grade, By Volume, 2019–2031

Table 9        Kemya Petrochemical Company: Company Overview

Table 10      Kemya Petrochemical Company Financial Overview

Table 11      Continental Carbon Company: Company Overview

Table 12      Continental Carbon Company Financial Overview

Table 13      Phillips Carbon Black Limited Company Overview

Table 14      Phillips Carbon Black Limited Financial Overview

Table 15      Birla Carbon Company Overview

Table 16      Birla Carbon Financial Overview

Table 17      Orion Engineered Carbons GmbH Company Overview

Table 18      Orion Engineered Carbons GmbH Financial Overview

Table 19      Himadri Speciality Chemicals Ltd Company Overview

Table 20      Himadri Speciality Chemicals Ltd Financial Overview

Table 21      Tokai Carbon Co. Ltd Company Overview

Table 22      Tokai Carbon Co. Ltd Financial Overview

Table 23      OCI Company Ltd Company Overview

Table 24      OCI Company Ltd Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Saudi Arabia Carbon Black Market size by value was estimated at USD 354.5 million in 2024.
Ans: Saudi Arabia Carbon Black Market is expected to grow at a CAGR of 7.10% during the forecast period between 2025 and 2031.
Ans: By 2031, Saudi Arabia Carbon Black Market size is forecast to reach a value of USD 561.7 million.
Ans: The growth of Saudi Arabia Carbon Black Market is primarily driven by economic growth, automotive industry expansion, rising consumer incomes, urbanization, and sustainability initiatives.
Ans: Key players in Saudi Arabia Carbon Black Market include Kemya Petrochemical Company, Continental Carbon Company, Phillips Carbon Black Limited, Birla Carbon, Orion Engineered Carbons GmbH, Himadri Speciality Chemicals Ltd, Tokai Carbon Co. Ltd, and OCI Company Ltd.
Ans: The tire segment is expected to grow at the fastest CAGR in Saudi Arabia Carbon Black Market during the forecast period between 2025 and 2031.
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