Market Size of South America Carbon Black Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Carbon Black Market Analysis
The South America carbon black market is expected to expand at a CAGR of more than 5% during the forecast period. Major factor driving the market studied is the increasing market penetration of specialty black.
- Availability of substitutes and volatility of raw material prices are expected to hinder the growth of the market studied.
- Tires and industrial rubber products are expected to dominate the consumption of carbon black in the application segmentation.
- Brazil is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
