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The global carbon black market was valued at US$ 15.7 Billion in 2021.
We expect the global carbon black market to exhibit a CAGR of 5.56% during 2022-2027.
The growing automotive industry has led to an extensive use of carbon black in the inner liners,
sidewalls, treads of tires, etc., represents one of the key factors driving the global carbon black market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous end-use industries and
supply chain disruptions of carbon black.
Based on the type, the global carbon black market has been segmented into furnace black, channel
black, thermal black, acetylene black, and others. Currently, furnace black exhibits a clear dominance in
Based on the application, the global carbon black market can be divided into tire, non-tire rubber,
plastics, inks and coatings, and others. Among these, tire holds the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global carbon black market include Cabot Corporation, Thai Carbon
Black Public Company Limited (Birla Carbon), Orion Engineered Carbons S.A., Phillips Carbon Black
Limited, Tokai Carbon Co., Ltd., Omsk Carbon Group OOO, Jiangxi Black Cat Carbon Black Inc., Ltd., OCI
Company Ltd., China Synthetic Rubber Corporation, SID Richardson Carbon & Energy Co., etc.
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