Specialty Carbon Black Market Size To Hit USD 5.4 Billion By 2030Posted by rahul nikade on July 26th, 2022 Specialty Carbon Black Industry Overview The global specialty carbon black market size is estimated to reach USD 5.40 billion by 2030, expanding at a compound annual growth rate (CAGR) of 10.0%, according to a new report by Grand View Research, Inc. This growth can be attributed to the increasing demand for the product as reinforcing agents, specifically in tires, among other applications. Additionally, the growing use of the product in agriculture mulch film, refuse sacks, stretch wrap, and industrial bags are estimated to contribute to the market growth. Majorly, carbon black is in the form of black colloidal particles produced via the acetylene black process, lamp black process, and furnace black process, among others. The raw material used for these processes differs between petroleum, coal oil, natural gas, and acetylene gas. Furthermore, food contact grade is expected to witness prolific growth over the next eight years, owing to increasing convenience food consumption in emerging economies of the Asia Pacific and Latin America, such as India, Vietnam, Thailand, Malaysia, Brazil, and Argentina. Specialty Carbon Black Market Segmentation Grand View Research has segmented the market report on the grade, and region: Based on the Grade Insights, the market is segmented into Conductive Carbon Black, Fiber Carbon Black, Food Contact Carbon Black, Other Carbon Black.
Specialty Carbon Black Regional Outlook
Key Companies Profile & Market Share Insights Market participants are concentrating their efforts on the development of new carbon black with long-term sustainability. Regulatory clearances, product portfolio, pricing, and manufacturing technology are all competitive elements that have a significant impact on market growth. Some prominent players in the global specialty carbon black market include
Order a free sample PDF of the Specialty Carbon Black Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |