Carbon Black Market Growth, Size, Share, Industry Report And Forecast To 2031

The global carbon black market report by the business research company identifies growing automotive industry to be a major growth driver for the carbon black market. The automotive industry refers to the manufacture or sales of different types of vehicles. Black carbon is widely used for making the inner liners, sidewalls, and treads of tires as it increases the strength and longevity of tires. Carbon black is used in the automobile industry to improve the processing, strength, and durability of tires and also improve tire performance. For instance, according to Plastic Today, a US-based plastics processing company, the use of carbon fibers in the US automotive industry is expected to reach nearly 9,800 tons by 2030. Therefore, the growing automotive industry is driving the growth of the carbon black market.

The global carbon black market size is expected to grow from $14.94 billion in 2021 to $16.34 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The global carbon black market size is expected to grow to $20.81 billion in 2026 at a CAGR of 6.2%.

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Asia Pacific was the largest region in the carbon black market in 2021. North America is expected to be the fastest-growing region in the global carbon black market during the forecast period. The regions covered in the global carbon black market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the carbon black market are Phillips Carbon Black Limited, Mitsubishi Chemical Holdings, Birla Carbon Public Company Limited, Cabot Corporation, Tokai Carbon Co. Ltd., Omsk Carbon Group, Jiangxi Black Cat Carbon Black Co. Ltd., BASF SE, Dow Inc., Nouryon, DCL Corporation, Asahi Carbon Co. Ltd., OCI Company Ltd., China Synthetic Rubber Corp., Sid Richardson Carbon & Energy Co., Himadri Speciality Chemical Limited, and Asahi Carbon Co. Ltd.

The global carbon black market is segmented -
1) By Type: Furnace Black, Channel Black, Thermal Black, Acetylene Black, Others
2) By Grade: Standard Grade, Specialty Grade
3) By Application: Tire, Non-Tire Rubber, Inks and Coating, Plastic, Others

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The Carbon Black Market Report Contents Include
1. Executive Summary
2. Carbon Black Market Characteristics
3. Carbon Black Market Trends And Strategies
4. Impact Of COVID-19 On Carbon Black
5. Carbon Black Market Size And Growth
....
28. Key Mergers And Acquisitions In The Carbon Black Market
29. Carbon Black Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the carbon black market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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