The global carbon black market, valued at USD 20.6 billion in 2022, is poised for a consistent growth trajectory, projecting a steady 4.2% CAGR from 2023 to 2032, as indicated by a comprehensive study. This assessment, based on the year 2022 as the reference point and extending through the forecast period up to 2032, carefully examines market dynamics, providing an in-depth analysis and projection of market size categorized by type, application, and region/country. Carbon black, a critical component in automotive, plastics, rubber, and paints & coatings industries, serves a pivotal role as a reinforcing agent in rubber applications, delivering outstanding strength and durability. Additionally, it functions as a pigment and UV stabilizer in plastics, contributing to UV resistance and enhanced durability.
Comments