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.
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 – 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 – 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
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Carbon Black Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Tire Industry Expansion
- Rising Construction Activity
- Growth of the Plastics Industry
- Restraints
- Fluctuating Raw Material Prices
- Environmental Concerns
- Opportunities
- Expanding Printing Ink Market
- Advancement in Technology
- Challenges
- Competition from Alternative Materials
- Stringent Regulations on Tire Wear Particles
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Carbon Black Market Marketing Strategies
- Saudi Arabia Carbon Black Market: Pricing Analysis
- Saudi Arabia Carbon Black Market Overview
- Market Size & Forecast, 2019–2031
- By Value (USD Million)
- By Volume (Kilo Tons)
- Market Share & Forecast
- 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
- By Type
- Market Size & Forecast, 2019–2031
- Competitive Landscape
- List of Key Players and Their Offerings
- Saudi Arabia Carbon Black Company Market Share Analysis, 2024
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- Impact of Escalating Geopolitical Tensions on Saudi Arabia Carbon Black Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 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
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Country
- Assumptions & Limitations
- Qualitative Research
*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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