The North America carbon black market reached a production volume of nearly 1.8 million metric tons. Being a leading market for carbon black globally, it is aiding the global market growth. The global industry is expected to witness a healthy growth in the forecast period of 2019-2024, growing at a CAGR of 4.3%.

North America is the third largest producer of carbon black globally, behind the Asia Pacific and Europe. North America imports a significant proportion of low-cost carbon black from Russia and China. On the other hand, North America exports its high-quality or value-added products for use in segments like food or cosmetics to economies like China, India, Indonesia, Sri Lanka, and others. Within the region, the US is the leading industry for the product. The country is the second largest producer, globally, after China, accounting for nearly 15% of the global output of the substance. The industry within the US is primarily driven by the expansion of tyre industry not just within the country, but also neighbouring countries like Canada.

Read Full Report With TOC - https://www.expertmarketresearch.com/reports/north-america-carbon-black-market