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Carbon Black Market Size
- Report ID: GMI3551
- Published Date: Nov 2024
- Report Format: PDF
Carbon Black Market Size
The global carbon black market size was valued at USD 20.4 billion in 2024 and is estimated to grow at a CAGR of over 6.1% from 2025 to 2034. Automotive OEMs utilize carbon black as a stabilizing filler in tire rubber. This chemical not only boosts the tensile strength and abrasion resistance of tires but also extends their lifespan. With the rising demand for passenger vehicles, the procurement of carbon black has surged.
Data from the Society of Indian Automobile Manufacturers (SIAM) indicates that approximately 143,014 units of passenger vehicles were sold in March 2020. Therefore, the uptick in passenger vehicle sales, coupled with enhanced tire attributes.
However, health risks linked to carbon black exposure could pose challenges to market expansion. The U.S. Environmental Protection Agency (EPA) highlights that inhaling black carbon can lead to serious health concerns, including cardiovascular diseases and cancer. Additionally, carbon black's property of absorbing light as heat plays a significant role in exacerbating climate change.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Carbon Black Market Size in 2024: | USD 20.4 Billion |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2025 to 2034 CAGR: | 6.1% |
| 2034 Value Projection: | USD 36.9 Billion |
| Historical Data for: | 2021 – 2024 |
| No. of Pages: | 235 |
| Tables, Charts & Figures: | 165 |
| Segments covered: | Process, Grade, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Carbon Black Market Scope
