Specialty carbon black market to reach a value of USD 3 bn by 2027 The global specialty carbon black market is projected to exhibit a CAGR of 4.5% during the forecast period of 2019 to 2027.
A market study conducted by market research firm Transparency Market Research has shed light on the growing specialty carbon black market due to the rising demand in several industries, including the print sector, where carbon black has remained a key ingredient, especially in printing inks. The majority of the furnace black used in printing inks is for newspaper inks, with the remainder divided among lithographic/offset, gravure, letterpress, flexographic and other inks.