Carbon Black, Silica & Reinforcing Materials

Carbon black has remained a key ingredient in the several industries ranging from the automobile to printing sector. However, an increasing demand for high-tech products is currently asking for more innovation in the global market. The increasing requirement for specialty carbon black is growing constantly as the consumers preference are constantly changing. The global specialty carbon black market is projected to exhibit an impressive CAGR of 4.5% during the mentioned period of forecast of 2019 to 2027.

The global carbon black market foreseen to gather the valuation of US$ 23.9 Bn by the end of 2026, emphasizes a new study published by Transparency Market Research (TMR). The study underlines that market will develop at over 4% CAGR during the forecast period 2018–2026. This market growth can be attributed to increased utilization of carbon black as a strengthening and performance agent in varied rubber products

According to the ChemAnalyst report, “Carbon Black Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand and Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030,” the carbon black market observed a promising demand in the past five years and is predicted to reach 27.21 million tons by 2030, along with a healthy CAGR of 4.82 percent in the next ten years, owing to their applications in automobile tires, industrial rubber products, printing inks and toners, belts and hoses, paints and coatings, and others.