Carbon Black Market is on Track to Register an Impressive CAGR of 6.5% From 2021 to 2025
Exceeding revenues of US$17 Bn in 2018, global carbon black market is all set for a strong growth outlook between 2021 and 2025. While worldwide carbon black production volume was recorded to be around 15 MT, its adoption for a wide range of rubber and non-rubber applications is likely to boost both production and demand. Fairfield Market Research in its latest published report forecasts a healthy 6.5% CAGR for global carbon black market during the period of assessment. Carbon black is typically derived from coal, or crude oils, and serves as a crucial additive for manufacturers of a spectrum of products across industries worldwide.
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