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11 According to the latest report by IMARC Group, titled “Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global carbon black market reached a value of US$ 18.2 Billion in 2020. Carbon black is one of the top fifty industrial chemicals that are manufactured worldwide. It is the commercial form of solid carbon which is produced under extremely controlled processes. The specifically engineered aggregates of carbon particles obtained from these procedures may vary in size, porosity, particle size, shape, and surface chemistry. Typically, carbon black consists of more than 95% pure carbon with nominal quantities of hydrogen, nitrogen and oxygen. The utilization of carbon black can range from the electric conductive agent for high-technology materials to black coloring pigment in newspaper inks. At present, the market is witnessing positive growth on account of wide-scale use of carbon black as rubber reinforcement in tir

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