Global Carbon Black Market Becomes Integral Part of Modern Automotive Culture

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Global Carbon Black Market Becomes Integral Part
of Modern Automotive Culture

• Carbon black market was valued at US17.4 Bn in
  2018 and it is expected to reach US23.6 Bn by
  2025, registering a healthy CAGR of 6.5 between
  2021 and 2025.

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The global carbon black market has emerged as a
crucial component in the modern automotive
industry, particularly in the production of
tires. The utilization of carbon black
reinforcement in tire manufacturing has
significantly improved their performance,
allowing them to travel longer distances compared
to older tires. This advancement has led to a
remarkable transformation in the automotive
sector. According to a recent study conducted by
Fairfield Market Research, the carbon black
market was valued at US17.4 billion in 2018 and
is projected to reach US23.6 billion by 2025,
exhibiting a healthy compound annual growth rate
(CAGR) of 6.5 between 2021 and 2025.Access
Full Report https//www.fairfieldmarketresearch.c
om/report/carbon-black-marketCarbon black, a
fine black powder composed of elemental carbon,
is primarily manufactured through the partial
combustion and pyrolysis of low-value oil
residues derived from sources such as coal or
crude oil. The furnace black process accounts for
more than 95 of carbon black production. It
serves as a reinforcement agent in various rubber
and non-rubber applications and finds extensive
use as a pigment, conductive or insulating agent,
rheology modifier, and UV stabilizer. The
wide-ranging applications of carbon black,
particularly in rubber tires, industrial rubber
goods, automotive rubber parts, inks, paints,
coatings, plastics, wires, cables, and more,
continue to drive the growth of the global carbon
black market.