Carbon Black Market: An Exclusive Study on Upcoming Trends and Growth Opportunities
iCrowd Newswire
08 May 2021, 06:04 GMT+10
pportunities in the carbon black market have evolved through a number of stages. Lucintel has found the future of this market to be promising; the carbon black market is expected to reach $22.8 billion by 2025 with a CAGR of 4%. In this market, tire rubber is the largest segment by application, whereas transportation is largest by end use industry. The growing usage of recycled and bio-based carbon black and a shifting focus from commodities to more specialized grades of carbon black provides strategic growth path in this market.