United States Carbon Black Market to Grow at a CAGR of 4.5% Through 2020 Says Techsci Research
Summary
Additionally, ongoing recovery of the automobile and construction sectors is anticipated to increase demand for industrial rubber, thereby further augmenting carbon black consumption in the coming years.Growing use of carbon black in newer applications such as plastics, paints and coatings to produce a diversified range of specialty products is forecast to buoy market growth.Growing penetration of specialty carbon black in various end user industries is also expected to positively impact the market in coming years.Additionally, ongoing recovery of the automobile and construction sectors is anticipated to increase demand for industrial rubber, thereby further augmenting carbon black consumption in the coming years.Growing use of carbon black in newer applications such as plastics, paints and coatings to produce a diversified range of specialty products is forecast to buoy market growth.