According to the research report titled, ‘North America Carbon Black Market Size By Application, By Process, By Grade, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027’, available with Market Study Report, North America carbon black market was evaluated at USD 3.4 billion in 2020 and is estimated to expand significantly between 2021-2027.
 

High coloring power, large presence of tire producing plants, and widespread usage of the material are key factors driving North America carbon black market growth. Surging demand for plastics, rapid launch of innovative products, and investments in R&D activities for the discovery of sustainable solutions will spur industry expansion as well.
 

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For the record, carbon black is widely utilized as ink-jet toner in newspaper printing. It is also used to coat electric wires, and color car fenders & heat molded plastics. Carbon black is also used in rubber tires to reduce effect of earthquake vibrations and reinforce rubber in a cost-effective manner.
 

Although the COVID-19 pandemic had negatively impacted this business space, factors such as supportive government initiatives, increasing electric vehicle & luxury car sales, and surging demand from automotive manufacturing sector will further aid towards the industry proliferation.
 

Based on process, North America carbon black market space is divided into furnace black, lamp black, thermal black, channel black, and acetylene black.
 

Among these, furnace black segment is anticipated to hold 70% market share by 2027, owing to its higher yield as compared to its counterparts. This material is mostly utilized in mass production to ensure cost-effectiveness.
 

Meanwhile, thermal black segment captured 10% of industry share in the past year and is anticipated to grow at 5.5% CAGR through 2027.
 

Speaking of grade, the industry is bifurcated into N-550, N-660, N-762, N-772, N-774, N-990, N-991, and others. Moving on to application scope, the market sphere is fragmented into graphite manufacturing, coatings, tires & rubber goods, polymers, electronics, and printing.
 

Key players profiled in North America carbon black market report are Andicor Specialty Chemicals Corporation, Cabot Corporation, Cancarb Limited, Continental Carbon Company, Tokai Carbon Co. Ltd., Showa Denko K.K., GrafTech International Limited, Birla Carbon, Bridgestone Corporation, and Orion Engineered Carbons GmbH.