Carbon Black Market to Surpass USD 29.9 Bn by 2031 Amid Steady...

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2025-06-04 16:39:16 -

Carbon Black Market to Surpass USD 29.9 Bn by 2031 Amid Steady Industrial Demand

The global carbon black market was valued at over USD 18.6 billion in 2020 and is projected to surpass USD 29.9 billion by the end of 2031. This growth is driven by increasing demand from the automotive and construction sectors, with the market expected to expand at a CAGR of 4.5% from 2021 to 2031. The rise in demand for carbon black in various applications such as rubber reinforcement,...

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