In terms of revenue, the global carbon black market is projected to expand at a CAGR of 4.4% from 2018 to 2026, according to a new research report titled ‘Carbon Black Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’ published by Transparency Market Research (TMR). According to the report, in terms of volume, the global carbon black market is expected to reach 18,898.4 kilo tons by 2026. The market is driven by rise in the demand for carbon black from automotive and rubber industries. The carbon black market in Asia Pacific is estimated to expand at a CAGR of 5.1% during the forecast period, owing to presence of a large number of manufacturers of carbon black in the region. Among grades, the reinforced grade segment held a major share of the global carbon black market in 2017. However, the specialty grade segment is expected to expand significantly from 2017 to 2026. This trend is projected to continue throughout the forecast period.
