Specialty Carbon Black Market Is Expected To Reach $ 5.40 Billion By 2030
San Francisco, 29 May 2024: The Report Specialty Carbon Black Market Size, Share & Trends Analysis Report By Grade (Conductive Polymers, Fiber Carbon Black, Food Contact Carbon Black), By Region (Asia Pacific, Europe), And Segment Forecasts, 2024 - 2030 The global specialty carbon black market size is expected to reach USD 5.40 billion by 2030, registering a CAGR of 10.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the increasing demand for the product as reinforcing agents, specifically in tires, among other applications. Additionally, the growing use of the product in agriculture mulch film, refuse sacks, stretch wrap, and industrial bags are estimated to contribute to the market growth. Majorly, carbon black is in the form of black colloidal particles produced via the acetylene black process, lamp black process, and furnace black process, among others. The raw material used for these processes differs between pe