Lucintel Forecasts Carbon Black Market to Reach $36 billion by 2030
Lucintel Forecasts Carbon Black Market to Reach $36 billion by 2030
Blog Article
According to the recent study the Carbon Black Market is projected to reach an estimated $36 billion by 2030 from $22.5 billion in 2023, at a CAGR of 7% from 2023 to 2030. Growth in this market has witnessed significant growth in recent years, driven by the increasing demand from end-use industries and the expansion of automotive and construction sectors worldwide. Carbon black is primarily used as reinforcing filler in rubber products, enhancing their strength, durability, and resistance to wear. Additionally, it finds applications in plastics, coatings, and inks due to its excellent UV resistance and color properties.
Browse 127 figures / charts and 120 tables in this 254 -page report to understand trends, opportunities and forecast in carbon black market by application (tire rubber, non-tire rubber, plastics, ink, coating, and others), end use industry (transportation, industrial, building and construction, printing and packaging, and others), grade (commodity carbon black and specialty carbon black), function (reinforcement, coloring, conductivity, UV protection, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel predicts that carbon black for tire rubber will remain the largest application segment over the forecast period, supported by increasing demand for passenger cars and light commercial vehicles.
Transportation will remain the largest end use industry during the forecast period, supported by increasing demand for tire and mechanical rubber goods.
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Asia Pacific will remain the largest region by value and volume, and it is also expected to witness the highest growth over the forecast period, driven by higher vehicle production and shift of tire production to low-cost countries, such as India and China.
Birla Carbon, Cabot Corporation, Orion Engineered Carbons Holdings, OMSK Carbon Group, Tokai Carbon, Denka Company, Himadri Specialty Chemical, Imerys, Continental Carbon are the major suppliers in the carbon black market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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