Carbon Black Market worth US$ 39.3 Billion 2029 with a CAGR of 4.7%

Devikamore03 Aug, 2023Business

Carbon Black Market is projected to grow from US$ 24.7 billion in 2019 to US$ 39.3 billion by 2029. The global carbon black market is expected to register slow growth over the forecast period. This is attributed to increasing adoption of carbon black from rubber industry for manufacturing of tires and many more rubber goods. Furthermore, rising utilization of carbon black in end-use industry such as coating industry, polymer industry, automotive industry, construction industry, power industry, metal reduction compound, metal carbide, and fireproofing industry is driving growth of the global carbon black market.