The global tire carbon black market is expected to be valued at US$ 7,667.5 million in 2020 and growing at a CAGR of 3.5% over the forecast period by 2027. It has been estimated with a significant growth with the help of key drivers which include reinforces that frequently used in the tire industry owing to its effect on mechanical and dynamic properties. There’s a restrain which may hamper the growth of global tire carbon black market its cost and labour. Growth in the adoption of electric cars and self-driving cars is likely to act as an opportunity in the future. Carbon black has several benefits, including increasing tyre tread wear and rolling resistance, absorbing UV light and converting it to heat, making plastics more UV resistant, and imparting pigmentation, UV protection, and thermal conductivity to coatings, all of which contribute to the market’s growth. With the introduction of new uses and technology, the carbon black market is growing. Tires, non-tire rubbers, plastics, inks & coatings, lithium-ion batteries, graphite manufacture, construction, and metallurgy are just a few of the applications for carbon black. Carbon black is utilised as a shock absorber and strengthening ingredient in tyre and non-tire rubber goods. It’s used in inner-liners, carcasses, sidewalls, and treads of tyres, as well as rubber items like air springs, belts, hoses, gaskets, bushings, wiper blades, and diaphragms. Carbon black extends the life of tyres by conducting heat away from the tread and belt areas. In addition, it gives tyres and rubber products their colour. As a result, the carbon black market is fueled by the booming tyre and rubber sectors.