![]() In addition, it has physical properties such as color stability, solvent resistance, thermal stability, owing to which it is widely used in paint and coating industries. Get more information on this report : Request Sample Pagesįactors that drive the growth of the carbon black market are 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. It serves as a cost-effective rubber reinforcing agent used in tires. Moreover, it is used in the production of a wide range of rubber products and pigments. It can absorb UV light and converts it into heat, hence, finds its major application in also used in insulating wires and cables. Carbon black is essentially used in manufacturing tires, plastics, mechanical rubber goods, printing inks, and toners. ![]() ![]() 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.Ĭarbon black is a form of para crystalline carbon, which contains 95% of pure carbon and enhances the physical and mechanical properties of material, making the end product more effective. ![]()
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