Disruption of the Market by Generation 3 Technologies
The Generation 3 of Tire to Carbon Black Conversion Technologies is creating two NEW and EXCLUSIVE market segments.
- NEW and EXCLUSIVE Market Segment: Reinforcing Carbon Black for Tires
Global Carbon Black Market 2023
The diagram below shows carbon black market broken down by consumer application and reinforcement quality (i.e.reinforcing vs. semi-reinforcing).
Global carbon black market is growing at an average rate of 4.6% per year.
Carbon Black Market
Total CB for Industrial Rubber ~2.9 Million tons
Total reinforcing grades ~1.6 Million tons (~55%)
Total semi-reinforcing grades ~1.3 Million tons (~45%)
Reinforcing CB for Industrial Rubber
Market Segment Size = ~$3.1 B
- NEW and EXCLUSIVE Market Segment: Reinforcing Carbon Black for Industrial Rubber
Sources: Notch Consulting, Grand View Research, Fortune Business Insiders and Research and Markets. Some missing numbers were extrapolated and estimated based on the available data. Therefore, please treat all numbers provided above as just estimations for illustration purposes only. They provide the order of magnitude but may not be exact or accurate. Please do not base your investments decisions on these numbers.
Total CB for Tires ~10,1 Million tons
Total reinforcing grades ~6,1 Million tons (~61%)
Total semi-reinforcing grades ~4.0 Million tons (~39%)
Reinforcing CB for Tires
Market Segment Size = ~$11.95 B