Asia Pacific Carbon Black Market - By Type, Source, Application & Region | Industry Analysis on Size, Share, Trends, Growth & Forecast Report | 2024 to 2029

Updated On: June, 2024

ID: 8767

Pages: 145

Asia Pacific Carbon Black Market Size (2023-2028)

Asia Pacific Carbon Black Market size was about USD xx Billion in 2022. It is expected to rise at a CAGR of 4.23% to develop to around USD xx Billion by 2028.

Carbon Black is a fast-growing market, which is majorly driven by the demand from tire industries in emerging economies like China, India, and South Korea. The Asia Pacific Carbon Black market is anticipated to grow at a CAGR of approximately 4.23% CAGR during the forecast period.

Asia Pacific Carbon Black Market segmentation

Based on the Type

Furnace Black
Gas Black
Lamp Black
Thermal Black

Based on the Application

Plastics
Toners
and Printing Inks
Paints & Coatings
Textile Fibers

Asia Pacific Carbon Black Market geographical analysis:

By geography, the Asia Pacific Carbon Black Market is segmented as China, India, Japan, South Korea, ASEAN Countries and Rest of Asia Pacific region. China is leading the regional market both in terms of value and volume. The situation of increasing demand from the automotive sector is the leading cause of China’s dominance over the Asia Pacific Carbon Black market. Also, the application of carbon black in the tire industry accounts for the largest share in China, which is the other primary reason for its dominance. Future opportunities due to fast industrialization and urbanization mainly in countries like India, Japan, and China can create more value in the Asia Pacific Carbon Black market.