Carbon Black Market Detailed Insights on Upcoming Trends 2019-2030 - Birla Carbon, Orion Engineered Carbons, China Synthetic Rubber
Carbon black is pure elemental carbon in the form of colloidal particles. Carbon black is manufactured by four different process such as furnace black process, fabrication of gas blacks, acetylene black process and lampblack process. Furnace black process is the most widely used process. Carbon black is used in various materials to enhance the electrical, optical and physical properties of the final product. It is widely used in manufacturing of rubber products as reinforcement and performance additives. Market Industry Reports (MIR) has published a new report titled " Carbon Black Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global carbon black market was valued at over US$ 14.0 Mn in 2018 and is anticipated to grow at a CAGR of 6.7% from 2019 to 2030. The market is driven by rising demand of tires owing to high demand from the automotive industry. Furthermore, rising demand from construction industr...