Recovered Carbon Black Market Size Future Challenges, SWOT Analysis, Expert Review, and Industry Growth Outlook 2030
Carbon BlackMarket Overview The worldwide carbon black market was worth $17.5 billion in 2018 and is expected to rise at a CAGR of 3.5 percent from 2019 to 2026, reaching $23.0 billion. Carbon black is a type of paracrystalline carbon that includes 95% pure carbon and improves the material’s mechanical and physical qualities, making it more effective. Carbon black is being used to make printing inks, tires, mechanical rubber items, plastics, and toners, among other things. It absorbs UV radiation and converts it to heat, which is ideal for insulating wires and cables. It’s also used in the production of a wide range of rubber products and colors. It can be used as a low-cost rubber reinforcing agent. Market Segmentation Furnace Carbon Black is the leader of the pack. Acetylene black, furnace black and thermal black are among the black pigments that have been tested. Furnace black is one of the most popular categories on the market due to its great manufacturing capacity. The