Lucintel's latest market report analyzed that carbon black provides attractive opportunities in the transportation, industrial, and building and construction sectors. The carbon black market is expected to reach $24.1 billion by 2026 with a CAGR of 9.9%. In this market, tire rubber is the largest segment by application, whereas transportation is largest by end use industry. The growing usage of recycled and bio-based carbon black and a shifting focus from commodities to more specialized grades of carbon black provides strategic growth path in this market.
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Based on application, the carbon black market is segmented into tire rubber, non-tire rubber, plastic, ink, coating, and others. The tire rubber segment is accounted for the largest share of the market in 2020 supported by increasing demand for passenger cars and light commercial vehicles and that plastic is expected to register the highest CAGR during the forecast period due to growth in the plastic pipes, wire & cable, and packaging markets.
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The carbon black market is marked by the presence of several big and small players. Some of the prominent players offering carbon black include Birla Carbon, Cabot Corporation, China Synthetic Rubber (CSR), Orion Engineered Carbons Holdings, OMSK Carbon Group, Tokai Carbon, and Philips Carbon Black.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link email@example.com.
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