Specialty Carbon Black Market anticipated to further boost growth rate of 10.0% in terms of revenue from 2022 to 2030
Specialty Carbon Black Industry Overview The global specialty carbon black market size was valued at USD 2.29 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 10.0% in terms of revenue from 2022 to 2030. This is attributed to the increasing demand for the product as reinforcing agents, specifically in tires. 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. Specialty grades such as conductive, fiber, and food cater to end-use industries, such as battery electrodes, conductive polymers, PP masterbatches, paints & coatings, specialty packaging, consumer molded parts, printing inks, polyester fiber, and film & sheets. They have excellent conductivity characteristics, are UV-protective, contain metals, and are low in sulfur and ash. Additionally, specialty carbon blacks are used in a variety of coating applications...