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The global carbon black market was valued at US$ 18.2 Billion in 2020.
The growing automotive industry has led to an extensive use of carbon black in the inner liners, sidewalls, treads of tires, etc., thereby representing one of the factors driving the global carbon black market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in a temporary closure of numerous automobile manufacturing units, thereby limiting the demand for 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 holds the majority of the market share.
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 represents the largest application.
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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