Cabot Corporation announced that it will raise the prices for all carbon black products that are used in industrial rubber products and tire-based applications in the Europe, Middle East, and Africa region, effective from July 2021.
The Goodyear Tire & Rubber Company, an American multination tire manufacturing business declared that it is going under a partnership agreement with next generation chemical and energy company named Monolith in order to develop carbon black from methane for tires.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 3537
Published Date: Aug 10, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the market growth are increasing improvements in rubber chemistry and tier design and growing demand for vehicles in emerging economies.
The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Cabot Corporation, Lanxess AG, JSR Corporation, N.V. Bekaert S.A., Chevron Corporation, and others.
The elastomer segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in Asia Pacific is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.