Industry Experts - Market Research Reports, Industry Analysis, Custom Research

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 widel...

Industry Experts, Inc. unveiled an updated 2019 version of the global market research report on Carbon Black. The new report entitled " Carbon Black – A Global Market Overview " reveals that Furnace Carbon Black dominates the global volume market for Carbon Black by type, estimated at 12.9 million metric tons, valued at US$14.9 billion, in 2018, which is also expected to record the fastest CAGR of 5.5% between 2018 and 2024 and reach a projected 17.8 million metric tons, translated to US$20.8 billion, by 2024. Carbon black becoming an integral component of high-performance coatings can be attributed to its superior properties, such as resistance to high wear & tear, ability to withstand adverse weather conditions and insulation features. Another trend being witnessed is a move towards “green” carbon black, which is obtained from end-of-life discarded tires through a process called pyrolysis. All these factors augur a steady positive growth in demand for carbon black. ...