Report Overview

Middle East and Africa Carbon Black Market – Industry Trends & Forecast Report, 2030

The Middle East and Africa Carbon Black Market size was estimated at USD 430 million in 2023. During the forecast period between 2024 and 2030, the Middle East and Africa Carbon Black Market size is projected to grow at a CAGR of 3.03% reaching a value of USD 530 million by 2030. A prominent driver of the market is the utilization of carbon black across diverse industries, notably in paints and coatings, as well as the tire and rubber sectors. To capitalize on revenue opportunities in developing nations, companies in the carbon black market prioritize product innovations. The surging demand for carbon black in the automotive sector emerges as a key driver steering the growth trajectory of the Middle East and Africa Carbon Black Market during the forecast period. Another driving force is the increasing adoption of electric and self-driving cars presents a noteworthy growth opportunity. The Middle East and Africa Carbon Black Market is also expected to witness growth driven by the rising demand for specialty carbon black and its applications in the fiber and textile industries over the forecast period.

Carbon Black – Overview

Carbon black plays a crucial role in enhancing the electrical and mechanical properties of resilient polymeric materials, especially in robust elastomers like rubber. Its widespread application in the production of reinforcing and pigment components in automobile tires stems from its capacity to extend tire lifespan by minimizing thermal damage. The materials utilized in crafting car tires are pivotal elements influencing both the comfort and safety dimensions of automotive design. Serving as an additive in tire rubber, carbon black significantly enhances tensile strength and resistance to abrasion when integrated into the polymer matrix. As the global vehicle count continues to rise, coupled with ongoing enhancements in automotive performance, there is a growing demand for carbon black in the manufacturing of rubber and automotive tires.

Middle East and Africa Carbon Black Market

Growth Drivers

Growing Automotive Tire Sector

The escalating demand for carbon black is intricately linked to the thriving rubber industry, particularly within the rapidly expanding automotive tire sector. Notably, carbon black plays a pivotal role in enhancing the physical attributes of rubber compounds used in tire manufacturing. Its widespread adoption is witnessed in various rubber products such as wires, cables, hoses, air springs, windows, doors, belts, and gaskets, reflecting its versatile application. Serving as a filler, carbon black significantly reinforces rubber structures, contributing to increased durability and improved performance. The relentless growth of the tire industry, driven by robust demands from automotive, electronics, consumer goods, and construction sectors, underscores the pivotal role of carbon black in propelling the Middle East & Africa market forward over the forecast period.

Challenges

Price Sensitivity

The pricing of carbon black is predominantly influenced by the costs of its raw materials, making fluctuations in these material prices a significant factor affecting global demand. Any variations in the price of crude oil might exert an influence on the future pricing of the product.

Impact of Geopolitical Tensions on Middle East and Africa Carbon Black Market

The Middle East and Africa Carbon Black Market is impacted by geopolitical tensions in several ways. Escalating geopolitical tensions in the region manifest in disruptions across the supply chain, particularly in the access to vital raw materials such as oil and natural gas, essential for carbon black production. The imposition of trade restrictions and tariffs, a common consequence of geopolitical conflicts, further complicates the export-import dynamics of carbon black, affecting market accessibility and cost considerations in the MEA region. The economic uncertainties stemming from geopolitical instability can lead to a downturn in investments and consumer spending, subsequently slowing industrial activities and diminishing the demand for carbon black in manufacturing processes. Currency fluctuations arising from geopolitical tensions pose challenges to the cost competitiveness of MEA-based carbon black producers in the global market. The investment climate, crucial for industry growth, may suffer as political instability deters foreign investments, hindering the development of production facilities and technological advancements. Additionally, given the energy-intensive nature of carbon black production, fluctuations in energy prices resulting from geopolitical tensions can exacerbate production costs. Disruptions in infrastructure and transportation networks may impede the distribution of carbon black, presenting challenges in ensuring timely deliveries. In essence, the intricate interplay of these factors underscores the necessity for companies in the MEA carbon black market to closely monitor geopolitical developments and adeptly adjust strategies to navigate the associated challenges.

Middle East and Africa Carbon Black Market

Segmental Coverage

Middle East and Africa Carbon Black Market – By Process Type

By process type, the Middle East and Africa Carbon Black Market is divided into Furnace Black, Thermal Black, and Acetylene Black segments. The furnace black segment holds the highest market share and is expected to maintain its dominance by process type during the forecast period. Furnace black product is generated through the incomplete combustion of petroleum or coal oil utilizing an oil furnace. This manufacturing process facilitates the large-scale production of carbon black, featuring diverse particle structures and sizes. Furthermore, furnace black plays a crucial role as a reinforcing agent in the production of rubber, making it a widely utilized type in this application.

Middle East and Africa Carbon Black Market – By Grade

Based on grade, the Middle East and Africa Carbon Black Market is bifurcated into Standard Grade and Specialty Grade segments. The standard grade segment holds a higher share in the Middle East and Africa Carbon Black Market by grade. The predominance is attributed to the escalating use of standard grade rubber-derived items, including tires, wires, and cables, across various industrial applications. The heightened preference for standard-grade products underscores their versatile utility and widespread application, contributing significantly to the overall market share in the region.

Middle East and Africa Carbon Black Market – By Application

On the basis of application, the Middle East and Africa Carbon Black Market is divided into Tire, Non-Tire Rubber, Inks & Toners, and Plastics segments. The tire segment holds the highest share in the Middle East and Africa Carbon Black Market by application. Its crucial role as a filler and reinforcing material in car tires enhances mechanical and dynamic qualities. Used extensively in various rubber formulas, carbon black contributes to tailored performance attributes in tires, particularly in inner liners, sidewalls, and carcasses. Its addition to rubber composites delivers benefits, such as heat dissipation, improved handling, tread wear, and enhanced fuel economy.

Middle East and Africa Carbon Black Market – By Country

The in-depth research report on the Middle East and Africa Carbon Black Market covers the market in the region’s major countries including Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. Saudi Arabia holds the highest market share and is expected to maintain its dominance throughout the forecast period. The dominance is expected to persist over the forecast period, driven by key sectors like the tire, plastics, paints, and coatings industries. With an escalating demand for tires, companies, such as Kumho Tire, have announced plans to establish tire manufacturing plants, addressing the absence of such facilities in the country. The Saudi-South Korean Business Forum led to the partnership between Kumho Tire and Blatco, aiming for a manufacturing capacity of a trillion tires annually, slated to commence production in Q3 2023. The surge in automotive sales further propels the consumption of these tires, with popular brands like Toyota, Hyundai, and Mazda dominating the market. In addition to the tire industry, carbon black plays a pivotal role in plastics production, aligning with Saudi Arabia's substantial investments in the sector, contributing significantly to total industrial investments. The paints and coatings industry also thrives, driven by major manufacturers like Jotun, Jajeera Paints, AkzoNobel NV, Sigma Coatings, and National Paints Factories.

Competitive Landscape

Major players operating in Middle East and Africa Carbon Black Market include Alexandria Carbon Black Company, Abu Zaabal Company for Speciality Chemicals, Himan Investment Group, Iran Carbon, Iran Carbon Black Company, Abu Dhabi National Oil Company, and Sabic. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In August 2023 - EMURGO Africa, the venture arm of EMURGO, invested USD 250,000 in Changeblock, a pioneering carbon market technology startup, aiming to revolutionize the carbon trading landscape using blockchain technology.

Scope of the Report

By Process Type

• Furnace Black

• Thermal Black

• Acetylene Black

By Grade

• Standard Grade

• Specialty Grade

By Application

• Tire

• Non-Tire Rubber

• Inks & Toners

• Plastics

By Country

• Saudi Arabia

• UAE

• Qatar

• Kuwait

• South Africa

• Nigeria

• Algeria

• Rest of MEA

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Carbon Black Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Driver
         1. Growing automotive tire sector
         2. Urbanization and infrastructure development
         3. Rising disposable income
      2. Restraints
         1. Price sensitivity
         2. Fluctuations in oil prices
      3. Opportunities
         1. Investment in research and development
         2. Focus on specialty grades
      4. Challenges
         1. Infrastructure limitations
         2. Skilled workforce shortage
   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. Middle East and Africa Carbon Black Market: Marketing Strategies
5. Middle East and Africa Carbon Black Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share and Forecast
      1. By Process Type
         1. Furnace Black
         2. Thermal Black
         3. Acetylene Black
         4. Others
      2. By Grade
         1. Standard Grade
         2. Specialty Grade
      3. By Application
         1. Tire
         2. Non-Tire Rubber
         3. Inks & Toners
         4. Plastics
         5. Others
      4. By Country
         1. Saudi Arabia
         2. UAE
         3. Qatar
         4. Kuwait
         5. South Africa
         6. Nigeria
         7. Algeria
         8. Rest of MEA
6. Saudi Arabia Carbon Black Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Process Type
      2. By Grade
      3. By Application
7. UAE Carbon Black Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Process Type
      2. By Grade
      3. By Application
8. Qatar Carbon Black Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Process Type
      2. By Grade
      3. By Application
9. Kuwait Carbon Black Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Process Type
      2. By Grade
      3. By Application
10. South Africa Carbon Black Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Process Type
       2. By Grade
       3. By Application
11. Nigeria Carbon Black Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Process Type
       2. By Grade
       3. By Application
12. Algeria Carbon Black Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Process Type
       2. By Grade
       3. By Application
13. Rest of MEA Carbon Black Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Process Type
       2. By Grade
       3. By Application
14. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Carbon Black Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
15. Impact of Escalating Geopolitical Tensions on Middle East and Africa Carbon Black Market
16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Alexandria Carbon Black Company
    2. Abu Zaabal Company for Speciality Chemicals
    3. Himan Investment Group
    4. Iran Carbon
    5. Iran Carbon Black Company
    6. Abu Dhabi National Oil Company
    7. Sabic
    8. Other Prominent Players
17. Key Strategic Recommendations
18. 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 Region
    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       Middle East and Africa Carbon Black Market Segmentation

Figure 2       Middle East and Africa Carbon Black Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Middle East and Africa Carbon Black Market Size, By Value (USD Million), 2019–2030

Figure 5       Middle East and Africa Carbon Black Market Share, By Process Type, By Value, 2019–2030

Figure 6       Middle East and Africa Carbon Black Market Share, By Grade, By Value, 2019–2030

Figure 7       Middle East and Africa Carbon Black Market Share, By Application, By Value, 2019–2030

Figure 8       Middle East and Africa Carbon Black Market Share, By Country, By Value, 2019–2030

Figure 9       Saudi Arabia Carbon Black Market Size, By Value (USD Million), 2019–2030

Figure 10     Saudi Arabia Carbon Black Market Share, By Process Type, By Value, 2019–2030

Figure 11     Saudi Arabia Carbon Black Market Share, By Grade, By Value, 2019–2030

Figure 12     Saudi Arabia Carbon Black Market Share, By Application, By Value, 2019–2030

Figure 13     UAE Carbon Black Market Size, By Value (USD Million), 2019–2030

Figure 14     UAE Carbon Black Market Share, By Process Type, By Value, 2019–2030

Figure 15     UAE Carbon Black Market Share, By Grade, By Value, 2019–2030

Figure 16     UAE Carbon Black Market Share, By Application, By Value, 2019–2030

Figure 17     Qatar Carbon Black Market Size, By Value (USD Million), 2019–2030

Figure 18     Qatar Carbon Black Market Share, By Process Type, By Value, 2019–2030

Figure 19     Qatar Carbon Black Market Share, By Grade, By Value, 2019–2030

Figure 20     Qatar Carbon Black Market Share, By Application, By Value, 2019–2030

Figure 21     Kuwait Carbon Black Market Size, By Value (USD Million), 2019–2030

Figure 22     Kuwait Carbon Black Market Share, By Process Type, By Value, 2019–2030

Figure 23     Kuwait Carbon Black Market Share, By Grade, By Value, 2019–2030

Figure 24     Kuwait Carbon Black Market Share, By Application, By Value, 2019–2030

Figure 25     South Africa Carbon Black Market Size, By Value (USD Million), 2019–2030

Figure 26     South Africa Carbon Black Market Share, By Process Type, By Value, 2019–2030

Figure 27     South Africa Carbon Black Market Share, By Grade, By Value, 2019–2030

Figure 28     South Africa Carbon Black Market Share, By Application, By Value, 2019–2030

Figure 29     Nigeria Carbon Black Market Size, By Value (USD Million), 2019–2030

Figure 30     Nigeria Carbon Black Market Share, By Process Type, By Value, 2019–2030

Figure 31     Nigeria Carbon Black Market Share, By Grade, By Value, 2019–2030

Figure 32     Nigeria Carbon Black Market Share, By Application, By Value, 2019–2030

Figure 33     Algeria Carbon Black Market Size, By Value (USD Million), 2019–2030

Figure 34     Algeria Carbon Black Market Share, By Process Type, By Value, 2019–2030

Figure 35     Algeria Carbon Black Market Share, By Grade, By Value, 2019–2030

Figure 36     Algeria Carbon Black Market Share, By Application, By Value, 2019–2030

Figure 37     Rest of MEA Carbon Black Market Size, By Value (USD Million), 2019–2030

Figure 38     Rest of MEA Carbon Black Market Share, By Process Type, By Value, 2019–2030

Figure 39     Rest of MEA Carbon Black Market Share, By Grade, By Value, 2019–2030

Figure 40     Rest of MEA Carbon Black Market Share, By Application, By Value, 2019–2030

List of Tables

Table 1 Middle East and Africa Carbon Black Market Size, By Value (USD Million), 2019–2030

Table 2 Middle East and Africa Carbon Black Market Share, By Process Type, By Value, 2019–2030

Table 3 Middle East and Africa Carbon Black Market Share, By Grade, By Value, 2019–2030

Table 4 Middle East and Africa Carbon Black Market Share, By Application, By Value, 2019–2030

Table 5 Middle East and Africa Carbon Black Market Share, By Country, By Value, 2019–2030

Table 6 Saudi Arabia Carbon Black Market Size, By Value (USD Million), 2019–2030

Table 7 Saudi Arabia Carbon Black Market Share, By Process Type, By Value, 2019–2030

Table 8 Saudi Arabia Carbon Black Market Share, By Grade, By Value, 2019–2030

Table 9 Saudi Arabia Carbon Black Market Share, By Application, By Value, 2019–2030

Table 10      UAE Carbon Black Market Size, By Value (USD Million), 2019–2030

Table 11      UAE Carbon Black Market Share, By Process Type, By Value, 2019–2030

Table 12      UAE Carbon Black Market Share, By Grade, By Value, 2019–2030

Table 13      UAE Carbon Black Market Share, By Application, By Value, 2019–2030

Table 14      Qatar Carbon Black Market Size, By Value (USD Million), 2019–2030

Table 15      Qatar Carbon Black Market Share, By Process Type, By Value, 2019–2030

Table 16      Qatar Carbon Black Market Share, By Grade, By Value, 2019–2030

Table 17      Qatar Carbon Black Market Share, By Application, By Value, 2019–2030

Table 18      Kuwait Carbon Black Market Size, By Value (USD Million), 2019–2030

Table 19      Kuwait Carbon Black Market Share, By Process Type, By Value, 2019–2030

Table 20      Kuwait Carbon Black Market Share, By Grade, By Value, 2019–2030

Table 21      Kuwait Carbon Black Market Share, By Application, By Value, 2019–2030

Table 22      South Africa Carbon Black Market Size, By Value (USD Million), 2019–2030

Table 23      South Africa Carbon Black Market Share, By Process Type, By Value, 2019–2030

Table 24      South Africa Carbon Black Market Share, By Grade, By Value, 2019–2030

Table 25      South Africa Carbon Black Market Share, By Application, By Value, 2019–2030

Table 26      Nigeria Carbon Black Market Size, By Value (USD Million), 2019–2030

Table 27      Nigeria Carbon Black Market Share, By Process Type, By Value, 2019–2030

Table 28      Nigeria Carbon Black Market Share, By Grade, By Value, 2019–2030

Table 29      Nigeria Carbon Black Market Share, By Application, By Value, 2019–2030

Table 30      Algeria Carbon Black Market Size, By Value (USD Million), 2019–2030

Table 31      Algeria Carbon Black Market Share, By Process Type, By Value, 2019–2030

Table 32      Algeria Carbon Black Market Share, By Grade, By Value, 2019–2030

Table 33      Algeria Carbon Black Market Share, By Application, By Value, 2019–2030

Table 34      Rest of MEA Carbon Black Market Size, By Value (USD Million), 2019–2030

Table 35      Rest of MEA Carbon Black Market Share, By Process Type, By Value, 2019–2030

Table 36      Rest of MEA Carbon Black Market Share, By Grade, By Value, 2019–2030

Table 37      Rest of MEA Carbon Black Market Share, By Application, By Value, 2019–2030

Table 38      Alexandria Carbon Black Company Overview

Table 39      Alexandria Carbon Black Company Financial Overview

Table 40      Abu Zaabal Company for Speciality Chemicals Company Overview

Table 41      Abu Zaabal Company for Speciality Chemicals Financial Overview

Table 42      Himan Investment Group Company Overview

Table 43      Himan Investment Group Financial Overview

Table 44      Iran Carbon Company Overview

Table 45      Iran Carbon Financial Overview

Table 46      Iran Carbon Black Company Overview

Table 47      Iran Carbon Black Company Financial Overview

Table 48      Abu Dhabi National Oil Company Overview

Table 49      Abu Dhabi National Oil Company Financial Overview

Table 50      Sabic Company Overview

Table 51      Sabic Financial Overview

Table 52      Other Prominent Players Company Overview

Table 53      Other Prominent Players Financial Overview