Lucintel’s latest market report analyzed that carbon black provides attractive opportunities in the transportation, industrial, and building and construction sectors. The carbon black market is expected to reach $22.8 billion by 2025 with a CAGR of 4%. In this market, tire rubber is the largest segment by application, whereas transportation is largest by end use industry. The growing usage of recycled and bio-based carbon black and a shifting focus from commodities to more specialized grades of carbon black provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/carbon-black-market.aspx Based on application, the carbon blackmarket is segmented into tire rubber, non-tire rubber, plastic, ink, coating, and others. The tire rubber segment accounted for the largest share of the market in 2020 supported by increasing demand for passenger cars and light commercial vehicles and plastic is expected to witness the highest CAGR during the forecast period, due to growth in the plastic pipes, wire and cable, and packaging market.
Browse in-depth TOC on “Carbon Black Market”
137 – Tables
153 – Figures
The carbon black market is marked by the presence of several big and small players. Some of the prominent players offering carbon black include Birla Carbon, Cabot Corporation, China Synthetic Rubber (CSR), Orion Engineered Carbons Holdings, OMSK Carbon Group, Tokai Carbon, Philips Carbon Black, and Sid Richardson Carbon & Energy.
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