Global Demand for Carbon Black is Expected to Reach 20 Million Metric Tons by 2024

by IndustryExperts MarketResearch IndustryExperts MarketResearch

Industry Experts, Inc. unveiled an updated 2019 version of the global market research report on Carbon Black. The new report entitled "Carbon Black – A Global Market Overview" reveals that Furnace Carbon Black dominates the global volume market for Carbon Black by type, estimated at 12.9 million metric tons, valued at US$14.9 billion, in 2018, which is also expected to record the fastest CAGR of 5.5% between 2018 and 2024 and reach a projected 17.8 million metric tons, translated to US$20.8 billion, by 2024.

Automotive & Transportation sector is the principal global volume market for Carbon Black, which is estimated at 8.7 million metric tons in 2019 and is anticipated to post a 2018-2024 CAGR of 5.4% in reaching a projected 11.4 million metric tons, valued at US$13.2 billion, by 2024. Printing & Packaging sector is anticipated to be the fastest growing market for Carbon Black in terms of both volume and value.

California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.

For more details, please visit: http://industry-experts.com/verticals/chemicals-and-materials/carbon-black-a-global-market-overview