Carbon Black Market Outlook 2022-2027:
The latest report by IMARC Group, titled "Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the global carbon black market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global carbon black market reached a value of US$ 15.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.8 Billion by 2027, exhibiting at a CAGR of 5.56% during 2022-2027. We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. Request Free Sample Report: https://www.imarcgroup.com/carbon-black-market/requestsample Carbon black refers to elemental carbon that is derived by partial decomposition or combustion of hydrocarbons, including oil and natural gas, under controlled pressure and temperature. It can be segmented into several product types, such as furnace black, channel black, thermal black, acetylene black, etc. These carbon black variants mainly consist of carbon and small amounts of sulfur, hydrogen, oxygen, and nitrogen. They are used as strengthening agents and fillers in tires and various rubber products and even act as UV stabilizers and pigment and wear protection additives in inks, paints, and plastics. Consequently, carbon black materials find widespread applications across numerous sectors, including tires, plastics, paints and coatings, etc. Competitive Landscape: The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of these key players include:
Global Carbon Black Market Trends: The growing automobile industry and the elevating need for an effective material to reinforce the inner liners, sidewalls, and treads of tires for enhancing their resilience and longevity are primarily driving the carbon black market. Furthermore, the rising product utilization in the production of extruded and molded industrial rubber products that include gaskets, air springs, belts, hoses, grommets, etc., is also positively influencing the global market. In addition to this, the expanding construction and manufacturing segments that are extensively using industrial rubber and other related equipment are acting as significant growth-inducing factors. In line with this, the escalating usage of the product with cement to improve the surface hardness, uniformity, and compressive and tensile strength of buildings is further catalyzing the market growth. Moreover, the increasing demand from the paints and coatings industry to manufacture jet black paints that act as a protective coating for multiple products is expected to bolster the carbon black market in the coming years. Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/carbon-black-market Key Market Segmentation: Breakup by Application:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. Other Reports by IMARC Group: Subscription Box Market Research Report 2022-2027 Indian PCB (Printed Circuit Board) Market Report 2022-2027 Electric Vehicle Market Report 2022-2027 Shrimp Market Price Report 2022-2027 Hard Seltzer Market Trends Report 2022-2027 Logistics Market Outlook 2022 Report by 2027 About Us IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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