Asia Pacific Carbon Black Market Size to Hit USD 12.1 Billion by 2027
Asia Pacific carbon black market share is certain to benefit as scientists have recently discovered the potential of tire-derived carbon black in producing more environmentally friendly concrete. Although the construction sector holds substantial potential for expansion through the next decade owing to the spiraling demand for sustainable solutions, the automotive sector has been recording increased deployment rates. Rubber goods and tire manufacturing industry is presently dominating APAC carbon black market share in terms of consumption. During 2020, the tires & rubber goods segment accounted for over 74% of the total market share. It is projected to continue to expand further at a 6.6% CAGR through 2027. The fast growth of the segment can be on account of the continuous demand for luxury cars, electric vehicles (EVs), and hybrid electric vehicles (HEVs). Get sample copy of this research report @ https://www.graphicalresearch.com/request/1742/sample Leading carbon ...