Carbon Black Global Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032 | Phillips Carbon Black Limited, Mitsubishi Chemical Holdings, Birla Carbon Public Company Limited, Cabot Corporation, Tokai carbon co. Ltd

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Carbon Black market report by The Business Research Company, the growing automotive industry is expected to propel the growth of the carbon black market going forward. 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.

The global carbon black market size grew from $16.5 billion in 2022 to $17.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The carbon black market size is expected to grow to $23.39 billion in 2027 at a CAGR of 6.9%.

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https://www.thebusinessresearchcompany.com/report/carbon-black-global-market-report

Major competitors in the Carbon Black market include 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 Carbon Black market is segmented -
• By Type: Furnace Black, Channel Black, Thermal Black, Acetylene Black, Other Types
• By Grade: Standard Grade, Specialty Grade
• By Application: Tire, Non-Tire Rubber, Inks and Coating, Plastic, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Carbon Black market.

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The carbon black is used as a protective coating for plastics, and resistors for electronic circuits. It refers to a fine black powder composed of elemental carbon which is produced by pyrolysis of low-value oil residues and partial burning at high temperatures under controlled process conditions. Carbon black is used to strengthen rubber in tires and acts as a pigment, ultraviolet stabilizer, and conductive or insulating agent in rubber, plastic, ink, and coating applications.

The Table Of Content For The Carbon Black Market Include:
1. Executive Summary
2. Carbon Black Market Characteristics
3. Carbon Black Market Trends And Strategies
4. Carbon Black Market - Macro Economic Scenario
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

The "Global Carbon Black Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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