Latin America Carbon Black Product Market emerges as a distinctive region, commanding a noteworthy 5% market share, with a market size of USD 1.11 billion in 2023

North America Carbon Black Market Outlook 2031:

The North America carbon black market size was valued at USD 2.95 Billion in 2022 and is projected to reach USD 3.68 Billion by 2031, expanding at a CAGR of 2.5% during the forecast period 2023 - 2031. The growth of the market is attributed to its advantages in absorbing ultraviolet light making the plastic more UV resistant and increased product use in plastics.

Carbon black is a form of crystalline carbon containing 95% pure carbon and improves the physical and mechanical properties of the material, making the final product more efficient. It can absorb ultraviolet light and convert it to heat, so its main application is in wire and cable insulation. Besides, it is also used in the production of various rubber products and pigments serves as economical rubber reinforcement used in tires.

Carbon black acts as a structure-strengthening additive in a wide range of rubber-based products. High carbon oil products such as coal tar, ethylene, tar and FCC are used as feedstock. The main application of the product is in the production of tires. Carbon black is also a strong colorant and has excellent electrical conductivity properties, making it suitable for use in printing inks, thermosetting plastics, electrical cable coatings, car fenders, semiconductors, and magnetic materials.



The surfaces contain several functional groups such as carbon-oxygen, carbon-hydrogen surface groups, carbon-nitrogen elements, and carbon-halogen surface compounds, the most important of which is the surface carbon group.. It also helps to conduct heat away from the tire's tread and belt portions, reducing thermal damage and extending tire life.



The product is used in the production of various plastic products such as tubes, films, wrappers, stretch, photographic packaging, and industrial bags. The suit is considered to have high strength, thermal conductivity, and anti-static properties. In addition, they act as a UV absorber that helps protect the plastic from fading, discoloration, fading and cracking.



The Covid-19 pandemic