The global carbon black market is expected to reach US$23.3 billion in 2028

Recently, Research And Markets, a research and market consulting firm in Dublin, Ireland, recently published a report titled "2023-2028 Global Carbon Black Market Report and Market Forecast", which details the development trend of the carbon black market in the next few years.

According to the report, the value of the global carbon black market in 2022 will reach US$16.724 billion. As global demand for rubber products continues to rise and the automotive industry continues to expand, it is expected that the market will grow steadily at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2028, and the market value is expected to reach 23.372 billion US dollars in 2028.

As an important additive, carbon black plays a key role in rubber products. Especially in the automotive industry, carbon black is widely used in tires and other rubber parts, such as hoses, tapes and gaskets. Its unique properties can improve the mechanical properties of rubber products and extend the service life. As the global automotive industry thrives, especially in emerging economies, demand for tires and other rubber products continues to rise, further driving the growth of the carbon black market.

In addition, carbon black is also widely used in other fields, such as inks, coatings and plastic products. As the demand for high-performance pigments continues to increase in areas such as packaging, construction and electronics, the carbon black market continues to benefit in these areas.

Manufacturers are committed to developing advanced production technologies to achieve a more environmentally friendly production process. By reducing greenhouse gas emissions and energy consumption, carbon black production is gradually moving in a more sustainable direction, which is expected to bring new growth opportunities to the market in the next few years.

At the same time, the demand for specialty carbon black is also growing. This customized high-purity product has specific particle size, morphology and surface chemistry and is suitable for use in fields such as conductive plastics, high-performance coatings and electronic components. The rising demand for these specialty products in various industries is expected to further stimulate market growth.