Carbon Black Market Size Analysis, Share, Growth, Trends, Segmentation, and Regional Demand
Forecast by 2027
The global carbon black market size is expected to showcase considerable growth by reaching
USD 17,027.1 million by 2027 while exhibiting a CAGR of 4.4% between 2020 and 2027. This growth
is attributed to the rising rubber industry and the increasing incidence of road fatalities that is
propelling the demand for advanced carbon black globally. This information is published by
Fortune Business Insights, in its latest report, titled, “Carbon Black Market Size, Share &
Industry Analysis, By Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black,
Others), Grade (Standard Grade, Specialty Grade), Application (Tire, Non-Tire Rubber, Inks
& Coatings, Plastic, Other), and Regional Forecast, 2020-2027.” The report further mentions
that the market stood at USD 12,639.2 million in 2019 and is likely to gain momentum during
the forecast period.
Supply Chain Disruption in Automotive Industry to Hinder Growth
The lockdown imposed by the government agencies to limit the spread of the novel
coronavirus has led to a major disruption in the supply chain operations. This is due to the
suspension of industrial processes and reduced number of workforce. The fewer availability
of raw materials is further leading to a large scale interruption in industrial activities that is
likely to hinder the market growth during the forecast period.
Get Sample PDF Brochure with Impact of COVID19:
Carbon black is produced by an incomplete combustion process of heavy petroleum products
such as coal tar, ethylene cracking tar, and FCC tar. Owing to its high coloring power, it is
extensively used as a pigment for several industrial applications such as automotive,
electronics, inks & coatings, and others.
What does the Report Include?
The market report includes qualitative and quantitative analysis of several