#Global Carbon Black Marketforecast

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Global Carbon Black Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2026 Global Carbon Black Market 2021 by Carbon black is a form of paracrystalline carbon, which contains 95% of pure carbon and enhances the physical and mechanical properties of the material, making the end product more effective. Carbon black is essentially used in manufacturing tires, plastics, mechanical rubber goods, printing inks, and toners. It can absorb UV light and converts it into heat, hence, finds its major application is also used in insulating wires and cables. Moreover, it is used in the production of a wide range of rubber products and pigments. It serves as a cost-effective rubber reinforcing agent used in tires.

Factors that drive the growth of the carbon black market are a surge in demand for carbon black from tire and construction & manufacturing industries, where it is used to provide strength to industrial rubber compounds and other equipment. In addition, it has physical properties such as color stability, solvent resistance, and thermal stability, owing to which it is widely used in the paint and coating industries. However, fluctuations in raw material prices, an increase in the use of silica as a substitute, and environmental concerns associated with the manufacturing of carbon black are expected to restrain the growth of the market in upcoming years. Conversely, an increase in demand for carbon black due to its UV protection and conductive properties in plastics is expected to create new opportunities for the growth of the market.

The manufacturing process of carbon black releases harmful air pollutants. Few of the countries have established regulations such as the U.S., however, few the countries have not yet implemented any regulations to prevent or control air pollutants. These government regulations are impacting carbon black market trends. There are several advantages to diminishing dark carbon discharges for air quality, human wellbeing, and the atmosphere; however, in many countries, such as China, the regulations against pollutants have not yet been implemented.

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Global Carbon Black Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2026 The global carbon black market was valued at $17.5 billion in 2018 and is projected to reach $23.0 billion by 2026, growing at a CAGR of 3.5% from 2019 to 2026.  Carbon black is a form of paracrystalline carbon, which contains 95% of pure carbon and enhances the physical and mechanical properties of the material, making the end product more effective. Carbon black is essentially used in manufacturing tires, plastics, mechanical rubber goods, printing inks, and toners. It can absorb UV light and converts it into heat, hence, finds its major application is also used in insulating wires and cables. Moreover, it is used in the production of a wide range of rubber products and pigments. It serves as a cost-effective rubber reinforcing agent used in tires. Factors that drive the growth of the carbon black market are a surge in demand for carbon black from tire and construction & manufacturing industries, where it is used to provide strength to industrial rubber compounds and other equipment. In addition, it has physical properties such as color stability, solvent resistance, and thermal stability, owing to which it is widely used in the paint and coating industries. However, fluctuations in raw material prices, an increase in the use of silica as a substitute, and environmental concerns associated with the manufacturing of carbon black are expected to restrain the growth of the market in upcoming years. By process, it is classified as furnace black, channel, acetylene black, and lampblack. The furnace black segment was the highest contributor to the market. The surge in the use of the furnace black process for rubber reinforcement is expected to drive the growth of the market. In addition, this process is used to produce color pigments in cosmetics and increased use of it is expected to further boost the market growth. For more details please visit: Global Carbon Black Market