The future of the carbon black market looks promising with opportunities in the transportation, industrial, and building and construction sectors. The carbon black market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $22.8 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major drivers for this market are increasing tire production and growth in plastic and coating market.

 

Emerging trends, which have a direct impact on the dynamics of the industry, include growing usage of recycled and bio-based carbon black and a shifting focus from commodities to more specialized grades of carbon black. Birla Carbon, Cabot Corporation, China Synthetic Rubber (CSR), Orion Engineered Carbons Holdings, OMSK Carbon Group, Tokai Carbon, Philips Carbon Black, and Sid Richardson Carbon & Energy are among the major carbon black providers.

 

A total of 153 figures / charts and 137 tables are provided in this 247 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of carbon black market report download the report brochure.

 

 

In this market, Tire rubber is the largest application, whereas commodity carbon black is largest in grade type. growth in various segment of the carbon black market are given below:

Carbon Black Market by Segments