Carbon Black Industry 2023: Trends, Key Players, Industry Analysis and Forecast 2023-2030
Carbon Black Market Overview The recovered carbon black market is projected to grow by US$483 Million by 2023 rapidly at a high CAGR throughout the forecast period. The growing automotive and transportation industry, as well as a wide range of applications, drive the global recovered carbon black market. The carbon black market is a global industry that involves the production and sale of carbon black, a fine black powder produced by the incomplete combustion of petroleum products or natural gas. Carbon black is primarily used as a reinforcing filler in rubber products, such as tires, hoses, and belts, but it is also used as a pigment in inks, coatings, and plastics. The carbon black market is driven by several factors, including the growth of the automotive industry, the increasing demand for high-performance tires, and the growth of the construction industry. In addition, the use of carbon black in the production of plastics and printing inks is also driving demand. Market Segmentati...