Increasing demand of plastics for non-rubber applications in key end-use industries such as packaging, automotive, construction, electrical & electronics, and pressure pipes is expected to remain a key driving factor for specialty carbon black market growth. The Global Specialty Carbon Black Market is expected to reach USD 3.82 billion by 2024, according to a new report by Grand View Research, Inc. Increasing consumption of lithium-ion batteries owing to superior properties which include good electrical conductivity, good stability at the higher voltage, less solvent, and improves adhesion is also anticipated to fuel industry growth significantly. The manufacturing process emits a large amount of toxic GHG which creates concern to human health and the environment. These factors have compelled manufacturers in North America and Europe to shut down their operations and shift production facilities to Asia Pacific. To Know More About Specialty Carbon Black Market Please Visit