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News: Carbon Black - A Global Market Overview

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Global consumption of Carbon Black, estimated at 13.2 million metric tons valued at US$13.7 billion in 2015, is expected to reach 13.9 million metric tons equated to US$14.4 billion in 2016 and further forecast to maintain a CAGR of 5.6% between 2016 and 2022 to reach 19.2 million metric tons equalent of US$20.4 billion by 2022. Volume demand for carbon black has a direct association with the end use industries, with the automotive industry taking precedence, given that the largest quantity of this material is utilized by tires and other rubber products largely used in automobiles. Any volatility in the production of tires and, to a lower degree, mechanical rubber products has a corresponding effect on demand for carbon black.

Tire production, in turn, is heavily reliant on automobile production, which has been posting steady growth over the past few ...

Mentions: automotive global tires