Poised by Growing Applications in Automotive Sector, Global Market for Carbon Black to Touch $35 billion by 2030

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Industry Experts, Inc., has released its latest report on Carbon Black Market, which projects the demand for the same be estimated at US$24.5 billion in 2024 and projected to reach US$34.9 billion by 2030 at a CAGR of 6.1% between the two years.

Some of the factors instrumental in driving demand for Carbon Black include growing application of this material as a reinforcing agent in tires & other rubber products and its use as a pigment in plastics and printing inks & toners, as also in paints & coatings. Advancements in production techniques of Carbon Black have played a major role in the material's development and optimization for various uses. Furnace black, thermal black and acetylene black are innovative processes that have contributed significantly to enhance the efficiency and quality of making Carbon Black.

With an estimated 2024 share of nearly 68%, Tires, by far, form the dominant application for Carbon Black globally, since the material is widely employed as a strengthening agent and a filler in carcasses, inner liners, treads and sidewalls, with different types being used based on specific performance requirements. However, the demand for Carbon Black from the Plastics sector is likely to maintain the fastest growth, as the material finds wide usage for films, conductive packaging, moldings, fibers, semi-conductive cable compounds & pipes in products, such as industrial bags, refuse sacks, stretch wraps, agriculture mulch film & photographic containers.

The report studies the Carbon Black market across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.

The market for major types of Carbon Black analyzed in this report include Acetylene Black, Furnace Black, Thermal Black & Other Types (Incl. Channel Black & Lamp Black). The study also examines the market for Carbon Black by grade, comprising Standard Grade & Specialty Grade.  As regards application, the Carbon Black market is analyzed for Non-Tire Rubber Products, Paints & Coatings, Plastics, Printing Inks & Toners, Tires and Other Applications (Primarily Battery Electrodes, Construction, Graphite Manufacturing & Textile Fibers). The end-use sectors of Carbon Black analyzed in this report include Automotive & Transportation, Building & Construction, Industrial and Printing & Packaging, among others.

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company’s off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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