Carbon Black Market Research Report
- Global Forecast till 2023
The global carbon black market is growing with the rapid pace; mainly due to the growing
inks and paints industries. According to a recent study report published by the Market
Research Future, the global market of carbon black is prospering and expected to gain
influence over the forecast period. The market is estimated to demonstrate a remarkable
growth by 2023, surpassing its previous growth records in terms of value with a striking
CAGR during the estimated period (2017 – 2023).
Globally, the market for carbon black is driven by the region Asia Pacific, owing to
extensive use of furnace black in various applications such as electrical & electronics,
rubber reinforcement process, and others. Carbon black is utilized in tires and printing
inks, and other end-uses to impart abrasion coupled with mechanical strength to the final
product. Moreover, furnace black and thermal black are the widely used processes to
manufacture the product in the market.
Increasing demand for the product as a pigment in inner liners, carcasses, sidewalls, and
treads signifies the growth of rubber & tires industries. Moreover, growing consumption
of high performance products in moulded and extruded industrial rubber products, such
as belts, hoses, gaskets, diaphragms, vibration isolation devices, bushings, air springs,
chassis bumpers, and multiple types of pads, boots, wiper blades, fascia, conveyor
wheels, and grommets, provide boost to the carbon black market growth.
On the other hand, increasing consumer preference towards digital media and volatile
emissions generated by the product are estimated to hinder the market growth.
Carbon black is extensively used in a wide range of applications such as conductive
packaging, films, fibers, mouldings, pipes, semi-conductive cable compounds, and others
to provide abrasion resistance and superior performance to the final product. It is also
used in photographic containers, agriculture, to i