Global carbon black market set to reach $46.9 billion by 2033
The carbon black market is characterized by high competition and fragmentation, with numerous global companies operating within it. Competition is driven by factors such as product quality, pricing, innovation, and brand reputation. Notable developments in the market include Birla Carbon’s launch of the Birla Carbon Specialty Blacks product line, featuring high-performance specialty carbon blacks for various industrial applications, and Cabot Corporation’s introduction of the TransfinityTM series of carbon black products, designed to enhance performance and processing efficiency in the tire and rubber industries.
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