PUBLISHER: Grand View Research | PRODUCT CODE: 1575208
PUBLISHER: Grand View Research | PRODUCT CODE: 1575208
The global carbon black feedstock market size was estimated at USD 7.4 billion in 2023 and is forecasted to grow at a CAGR of 4.4% from 2024 to 2030. The market is primarily driven by the growing demand for carbon black, a key component in various industries. The increasing production of tires, plastics, rubber, and other products that require carbon black is a significant factor driving the market.
In addition, the shift towards electric vehicles is expected to positively impact the carbon black feedstock market. While electric vehicles require fewer tires, they often incorporate carbon black in their batteries and other components, which could offset the decline in tire demand. Furthermore, the increasing focus on sustainability and the development of carbon black from renewable sources are also contributing to the growth of the market.
The increasing production of tires, plastics, rubber, and other products that require carbon black is a major driver. While electric vehicles require fewer tires, they often incorporate carbon black in their batteries and other components. Government regulations related to emissions and environmental standards can impact the use of carbon black.
Global Carbon Black Feedstock Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global carbon black feedstock market based on the source, product, and region: