Specialty Carbon Black Market Share

Regionally, the global specialty carbon black market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is likely to hold 43% revenue share by 2036, attributed to the availability of cheaper energy sources and fewer taxes. Moreover, increasing demand for high-performance items has boosted the use of specialty carbon. Owing to which there has been rise in producers of carbon black. For instance, the main manufacturer of carbon black in India is Phillips Carbon Black Limited (PCBL), one of the top international companies, with four cutting-edge facilities located in Mundra, Kochi, Palej, and Durgapur. Furthermore, Middle East & Africa is anticipated to grow at a largest CAGR of 4.7% during the forecast period.