South & Central America 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)
The South & Central America carbon black market is expected to grow from US$ 773.59 million in 2022 to US$ 978.78 million by 2028. It is estimated to grow at a CAGR of 4.0% from 2022 to 2028.
Rising Need for Green Alternatives with Shift Toward Sustainability Fuels South & Central America Carbon Black Market
The green economy can promote economic development and improve people's lives while promoting environmental and social well-being. An important part of the green economy is promoting sustainable technological developments and adoption. Recovered/green carbon black is emerging as an alternative to virgin carbon black produced from the combustion of crude oil. The carbon black recovered from recycled tires contributes to a significant decrease in CO2 emissions and emphasizes reusing products to minimize waste generation.
Companies are heading toward adopting an eco-friendly and sustainable production approach by investing in better R&D activities to optimize resource consumption. For instance, in February 2021, Michelin, a well-known France-based tire manufacturer, acquired a significant stake in Enviro, a Swedish tire pyrolysis company. Through this collaboration, the company announced that it is planning to build its first tire pyrolysis plant in South America. Enviro has developed a proprietary tire pyrolysis technology that can recover carbon black, oil, steel, and gas from end-of-life tires. Further, in November 2019, as a part of its long-term partnership with DeltaEnergy Group, LLC, Bridgestone Americas Inc. (Bridgestone) announced that it would be using recycled carbon black tires on a large scale in the tire market for the first time. The large-scale commercialization of the patented recovered carbon black product DE Black, recycled by DeltaEnergy Group from end-of-life tires, marks an important milestone in the journey of Bridgestone Group toward its long-term environmental vision of 100% material sustainability and 50% CO2 emission reduction by 2050. Compared to virgin carbon black, DeltaEnergy Group's materials extraction process produces 81% less CO2 per ton. Therefore, a shift toward sustainability and a rise in the need for green alternatives are expected to offer lucrative opportunities for the carbon black market players over the coming years.
South & Central America Carbon Black Market Overview
The changing economic conditions in South & Central America due to the growth of automotive industries provide significant growth prospects for the carbon black market. The growth in manufacturing industry, and developments by manufacturers in the automotive sector in South & Central America are creating a demand for tires. The tire manufacturing has foreseen a tremendous rise over the past few years in the region. Bridgestone Americas, Inc.; one of the leading tire manufacturing industry players has strong presence in South and Central America through its subsidiaries ‘BATO LA’, which is a part of Bridgestone Americas Tire Operations. BATO LA operates five tire production plants — two in Brazil, and one each in Argentina, Costa Rica, and Venezuela. Furthermore, due to the necessity to meet future energy and emission demands, the popularity of electric vehicles (EVs) has grown in South & Central America over the last few years. The need for environment-friendly transportation is majorly driving the growth of the electric vehicle market in the region. The expansion of automotive industry is expected to boost the demand for automotive components such as tires, batteries, etc. This has led to the rising consumption of carbon black for those applications.
South & Central America Carbon Black Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Carbon Black Market Segmentation
The South & Central America carbon black market is segmented into type, grade, application, and country.
Based on type, the South & Central America 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 South & Central America carbon black market in 2022.
Based on grade, the South & Central America carbon black market is segmented into standard grade and specialty grade. The standard grade segment held the largest share of the South & Central America carbon black market in 2022.
Based on application, the South & Central America carbon black market is segmented into tire, non-tire rubber, plastics, inks & coatings, and others. The tire segment held the largest share of the South & Central America carbon black market in 2022.
Based on country, the South & Central America carbon black market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America carbon black market in 2022.
Birla Carbon USA Inc; Cabot Corp; Imerys SA; Klean Industries Inc; and Orion Engineered Carbons SA are some of the leading companies operating in the South & Central America carbon black market.
Rising Need for Green Alternatives with Shift Toward Sustainability Fuels South & Central America Carbon Black Market
The green economy can promote economic development and improve people's lives while promoting environmental and social well-being. An important part of the green economy is promoting sustainable technological developments and adoption. Recovered/green carbon black is emerging as an alternative to virgin carbon black produced from the combustion of crude oil. The carbon black recovered from recycled tires contributes to a significant decrease in CO2 emissions and emphasizes reusing products to minimize waste generation.
Companies are heading toward adopting an eco-friendly and sustainable production approach by investing in better R&D activities to optimize resource consumption. For instance, in February 2021, Michelin, a well-known France-based tire manufacturer, acquired a significant stake in Enviro, a Swedish tire pyrolysis company. Through this collaboration, the company announced that it is planning to build its first tire pyrolysis plant in South America. Enviro has developed a proprietary tire pyrolysis technology that can recover carbon black, oil, steel, and gas from end-of-life tires. Further, in November 2019, as a part of its long-term partnership with DeltaEnergy Group, LLC, Bridgestone Americas Inc. (Bridgestone) announced that it would be using recycled carbon black tires on a large scale in the tire market for the first time. The large-scale commercialization of the patented recovered carbon black product DE Black, recycled by DeltaEnergy Group from end-of-life tires, marks an important milestone in the journey of Bridgestone Group toward its long-term environmental vision of 100% material sustainability and 50% CO2 emission reduction by 2050. Compared to virgin carbon black, DeltaEnergy Group's materials extraction process produces 81% less CO2 per ton. Therefore, a shift toward sustainability and a rise in the need for green alternatives are expected to offer lucrative opportunities for the carbon black market players over the coming years.
South & Central America Carbon Black Market Overview
The changing economic conditions in South & Central America due to the growth of automotive industries provide significant growth prospects for the carbon black market. The growth in manufacturing industry, and developments by manufacturers in the automotive sector in South & Central America are creating a demand for tires. The tire manufacturing has foreseen a tremendous rise over the past few years in the region. Bridgestone Americas, Inc.; one of the leading tire manufacturing industry players has strong presence in South and Central America through its subsidiaries ‘BATO LA’, which is a part of Bridgestone Americas Tire Operations. BATO LA operates five tire production plants — two in Brazil, and one each in Argentina, Costa Rica, and Venezuela. Furthermore, due to the necessity to meet future energy and emission demands, the popularity of electric vehicles (EVs) has grown in South & Central America over the last few years. The need for environment-friendly transportation is majorly driving the growth of the electric vehicle market in the region. The expansion of automotive industry is expected to boost the demand for automotive components such as tires, batteries, etc. This has led to the rising consumption of carbon black for those applications.
South & Central America Carbon Black Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Carbon Black Market Segmentation
The South & Central America carbon black market is segmented into type, grade, application, and country.
Based on type, the South & Central America 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 South & Central America carbon black market in 2022.
Based on grade, the South & Central America carbon black market is segmented into standard grade and specialty grade. The standard grade segment held the largest share of the South & Central America carbon black market in 2022.
Based on application, the South & Central America carbon black market is segmented into tire, non-tire rubber, plastics, inks & coatings, and others. The tire segment held the largest share of the South & Central America carbon black market in 2022.
Based on country, the South & Central America carbon black market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America carbon black market in 2022.
Birla Carbon USA Inc; Cabot Corp; Imerys SA; Klean Industries Inc; and Orion Engineered Carbons SA are some of the leading companies operating in the South & Central America carbon black market.
1. INTRODUCTION
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Carbon Black Market, by Type
1.3.2 South & Central America Carbon Black Market, by Grade
1.3.3 South & Central America Carbon Black Market, by Application
1.3.4 South & Central America 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. SOUTH & CENTRAL AMERICA 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. SOUTH & CENTRAL AMERICA 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 -SOUTH & CENTRAL AMERICA MARKET ANALYSIS
6.1 South & Central America Carbon Black Market Overview
6.2 South & Central America Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
7. SOUTH & CENTRAL AMERICA CARBON BLACK MARKET ANALYSIS - BY TYPE
7.1 Overview
7.2 South & Central America Carbon Black Market, By Type (2021 and 2028)
7.3 Acetylene Black
7.3.1 Overview
7.3.2 Acetylene Black: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Channel Black
7.4.1 Overview
7.4.2 Channel Black: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Furnace Black
7.5.1 Overview
7.5.2 Furnace Black: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Thermal Black
7.6.1 Overview
7.6.2 Thermal Black: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
8. SOUTH & CENTRAL AMERICA CARBON BLACK MARKET ANALYSIS - BY GRADE
8.1 Overview
8.2 South & Central America Carbon Black Market, By Grade (2021 and 2028)
8.3 Standard Grade
8.3.1 Overview
8.3.2 Standard Grade: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Grade
8.4.1 Overview
8.4.2 Specialty Grade: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
9. SOUTH & CENTRAL AMERICA CARBON BLACK MARKET ANALYSIS - BY APPLICATION
9.1 Overview
9.2 South & Central America Carbon Black Market, By Application (2021 and 2028)
9.3 Tire
9.3.1 Overview
9.3.2 Tire: South & Central America 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: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Plastics
9.5.1 Overview
9.5.2 Plastics: South & Central America 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: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
10. SOUTH & CENTRAL AMERICA CARBON BLACK MARKET - COUNTRY ANALYSIS
10.1 Overview
10.1.1 South & Central America Carbon Black Market, by Key Country
10.1.1.1 Brazil: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: South & Central America Carbon Black Market, By Type
10.1.1.1.2 Brazil: South & Central America Carbon Black Market, by Grade
10.1.1.1.3 Brazil: South & Central America Carbon Black Market, by Application
10.1.1.2 Argentina: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: South & Central America Carbon Black Market, By Type
10.1.1.2.2 Argentina: South & Central America Carbon Black Market, by Grade
10.1.1.2.3 Argentina: South & Central America Carbon Black Market, by Application
10.1.1.3 Rest of South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of South & Central America Carbon Black Market, By Type
10.1.1.3.2 Rest of South & Central America Carbon Black Market, by Grade
10.1.1.3.3 Rest of South & Central America 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 Imerys SA
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 Cabot Corp
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 Birla Carbon USA Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
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 The Insight Partners
13.2 Glossary of Terms
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Carbon Black Market, by Type
1.3.2 South & Central America Carbon Black Market, by Grade
1.3.3 South & Central America Carbon Black Market, by Application
1.3.4 South & Central America 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. SOUTH & CENTRAL AMERICA 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. SOUTH & CENTRAL AMERICA 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 -SOUTH & CENTRAL AMERICA MARKET ANALYSIS
6.1 South & Central America Carbon Black Market Overview
6.2 South & Central America Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
7. SOUTH & CENTRAL AMERICA CARBON BLACK MARKET ANALYSIS - BY TYPE
7.1 Overview
7.2 South & Central America Carbon Black Market, By Type (2021 and 2028)
7.3 Acetylene Black
7.3.1 Overview
7.3.2 Acetylene Black: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Channel Black
7.4.1 Overview
7.4.2 Channel Black: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Furnace Black
7.5.1 Overview
7.5.2 Furnace Black: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Thermal Black
7.6.1 Overview
7.6.2 Thermal Black: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
8. SOUTH & CENTRAL AMERICA CARBON BLACK MARKET ANALYSIS - BY GRADE
8.1 Overview
8.2 South & Central America Carbon Black Market, By Grade (2021 and 2028)
8.3 Standard Grade
8.3.1 Overview
8.3.2 Standard Grade: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Grade
8.4.1 Overview
8.4.2 Specialty Grade: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
9. SOUTH & CENTRAL AMERICA CARBON BLACK MARKET ANALYSIS - BY APPLICATION
9.1 Overview
9.2 South & Central America Carbon Black Market, By Application (2021 and 2028)
9.3 Tire
9.3.1 Overview
9.3.2 Tire: South & Central America 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: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Plastics
9.5.1 Overview
9.5.2 Plastics: South & Central America 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: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
10. SOUTH & CENTRAL AMERICA CARBON BLACK MARKET - COUNTRY ANALYSIS
10.1 Overview
10.1.1 South & Central America Carbon Black Market, by Key Country
10.1.1.1 Brazil: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: South & Central America Carbon Black Market, By Type
10.1.1.1.2 Brazil: South & Central America Carbon Black Market, by Grade
10.1.1.1.3 Brazil: South & Central America Carbon Black Market, by Application
10.1.1.2 Argentina: South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: South & Central America Carbon Black Market, By Type
10.1.1.2.2 Argentina: South & Central America Carbon Black Market, by Grade
10.1.1.2.3 Argentina: South & Central America Carbon Black Market, by Application
10.1.1.3 Rest of South & Central America Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of South & Central America Carbon Black Market, By Type
10.1.1.3.2 Rest of South & Central America Carbon Black Market, by Grade
10.1.1.3.3 Rest of South & Central America 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 Imerys SA
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 Cabot Corp
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 Birla Carbon USA Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
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 The Insight Partners
13.2 Glossary of Terms
