Carbon Black Market Analysis Demand By Manufacturers, Countries, Type, and Application, Forecast to 2030
Large-scale Manufacture of Rubber to Fuel Global Carbon Black Market Carbon black is a material produced by the incomplete combustion of petroleum products such as ethylene cracking tar or coal tar. The global carbon black market report by Market Research Future (MRFR) looks at vital intelligence dynamics which make up the industry and affect its future for the period of 2022 to 2030 (forecast period). The threat of the COVID-19 virus and its impact are analyzed for the duration of the forecast period. Market Scope The global Carbon Black Market is predicted to reach a valuation of USD 17.23 billion by 2023. It can register a CAGR of 4.59% over the forecast period. The burgeoning transportation and construction sectors in the economies of China, India, and Brazil can induce the demand for carbon black. The scope for the material in tire manufacturing, paints coatings, and plastics is expected to drive the market growth. The automotive aftermarket and construction sectors are lik...