"Global Carbon Black Market Outlook: The market value is expected to reach US$21.5 billion in 2030, GIA report analyzes the sustainable development path of the industry"

　　According to "Research & Markets", Global Industry Analysts (GIA) released a report titled "Global Carbon Black Business Strategy Report" in December 2023. The report states that in an evolving world where industries are actively seeking ways to achieve sustainable development, the global carbon black market is expected to stand out with promising growth. Forecasts show that the global carbon black market will be worth US$21.5 billion by 2030. The report provides a detailed analysis of various carbon black market segments to help stakeholders gain insights into the subtle dynamics of these areas. Furthermore, the report also includes a pattern analysis of the geographical regional markets in major economies such as the United States, China, Japan, Canada, and Germany.

　　The global carbon black market was valued at USD 15.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2022 to 2030, reaching a size of USD 21.5 billion. One of the segments analyzed in the report, "furnace black", is expected to record a CAGR of 4.8% and reach a market value of $9.6 billion by the end of 2030. Against the background of continued economic recovery after the epidemic, the CAGR growth rate of the contact carbon black market segment will remain at 4.1% in the next eight years.

　　In 2022, the U.S. carbon black market will reach US$4.2 billion. As the world's second largest economy, China's market size is expected to reach US$4.5 billion by 2030; between 2022 and 2030, China's CAGR is 7.1%. Other regional markets to watch include Japan and Canada, which are expected to grow at CAGR of 2.1% and 3.4% respectively between 2022 and 2030. In Europe, Germany's CAGR is expected to be approximately 2.7%. It is expected that by 2030, the market value of carbon black in the Asia-Pacific region will reach US$2.9 billion, led by countries such as Australia, India and South Korea.

　　Global Industry Analysts (GIA), as one of the leading brands in market research, has more than 30 years of market experience. Although initially focused on the medical sector, GIA has now expanded into various sectors such as telecommunications, oil and gas, and has a strong reputation among users for high-quality market reports.