The global carbon black market size was valued at USD 27.44 billion in 2023 and is projected to grow from USD 28.76 billion in 2024 to USD 41.28 billion by 2032, exhibiting a CAGR of 4.6% during the forecast period. The rise is driven by the increasing deployment of the product in tire manufacturing and the growing plastic demand for automotive, consumer goods, and electronics industries.
Fortune Business Insights™ provides this information in its research report, titled “Carbon Black Market, 2025-2032”.
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Based on process type, the market is segmented into acetylene black, furnace black, thermal black, and others.
Q: Why is the furnace black segment leading the carbon black market?
A: Furnace black is widely preferred by rubber manufacturers because it enhances product strength and performance, making it ideal for use in tire and industrial rubber applications.
By grade, the market is bifurcated into standard grade and specialty grade.
Q: What factors are fueling the demand for standard-grade carbon black?
A: Its versatility and cost-effectiveness make it a preferred material across various industries, particularly in manufacturing and construction sectors.
On the basis of application, the market is divided into tire, non-tire rubber, inks & toners, plastics, and others.