Carbon Black Market Outlook and Statistics, Segmentation and Forecast to 2026 researchcmfe.com

The Carbon Black Market is projected to grow at a CAGR of 5.1% to reach USD 25.5 billion by 2026 from 18 billion in 2019. Increasing consumption and demand from end-user industries such as plastics and tires have significantly contributed to the growth of this market. In the tire industry, the carbon black is used for improving the tire performance by enhancing the tires tread wear and rolling resistance, in the plastic industry the carbon black is added to plastics for improving its resistance to UV radiation; it is also added to coating for improving resistance to pigmentation, UV protection, and imparting thermal conductivity to coatings.