Carbon Black Market size was valued at around USD 14.06 billion at the end of 2022 and is estimated to grow at a CAGR of 6.63% to reach USD 17.12 billion by 2028.

It also offers physical features like color stability, solvent resistance, and heat stability, which makes it popular in the paint and coating industries. The rise of the automobile sector is a major driving force in the carbon black market. The worldwide carbon black market is being driven by rapid expansion in the chemical and motor industries, as well as naturally accessible raw materials, rising building and industrial industries and with these factors that are propelling the global market for carbon black forward and also makes the market have the largest share across the globe.

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Segmentation Analysis:

The global Carbon black market segmentation include:

By Type

Furnace Black
Channel Black
Thermal Black
Acetylene Black
Others
By Pigment Source

Ivory Black
Vine Black
Lamp Black
By Application

Tires
Non-Tire Rubber
Inks & Coating
Plastic
Others
Based on application, the global carbon black market is divided into Tires, Non-Tire Rubber, Inks & Coatings, Plastic, and Others

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By Grade

Standard Grade
Specialty Grade
Based on grade, the global carbon black market is divided into two categories: Standard Grade and Specialty Grade. Standard grade carbon black is expected to increase quickly since it is extensively utilized throughout most applications, whereas specialty grade carbon black is expected to grow at a similar rate to standard grade carbon black.

Regional Analysis:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Latest Industry Developments:

24th February, 2022: Orion Engineered Carbons, a major global provider of specialty as well as high-performance carbon black, said that all specialized carbon black customers would see their prices increase. The increase may vary based on the product, production method, and location, and will be conveyed to clients individually.

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