RECOVERED CARBON BLACK MARKET ANALYSIS
Market Dynamics:-
Asia Pacific holds dominant position in the market for recovered carbon black and also is the fastest growing market, owing to increasing demand for sustainable and environment-friendly products in the automobile and tire industry. According to India Brand Equity Foundation, Indian automotive industry is expected to reach US$ 282.9 million by 2026 from US$ 251.4 million in 2018. Therefore, significant growth in the automotive industry is expected to boost the market growth in the region over the forecast period.
On the basis of region, the global recovered carbon black market is segmented into:
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