UAE Carbon Black Market size was valued at USD 202.64 million in 2022, expected to reach USD 326.16 million in 2030 with a CAGR of 6.13% for the forecast period between 2023 and 2030. The UAE’s emphasis on economic diversification and industrial development is one of the strongest drivers for carbon black industry. The nation has been actively developing various sectors, which includes construction, manufacturing, and automotive, as part of ongoing efforts to lessen dependence on oil and gas. The need for carbon black in these sectors is increased owing to the growing demand for coatings, rubber goods, and construction materials.
UAE has been making significant investments in the development of commercial and residential projects, as well as transportation infrastructure. Carbon black is a necessary component in building materials like asphalt and concrete. The expansion of these projects adds to the UAE’s overall demand for carbon black.
Lastly, the automotive sector is another significant contributor to the carbon black market in the UAE. With so many vehicles on the road, there is a sizable demand for tires, rubber parts, and coatings. With its strengthening and colouring abilities, carbon black is frequently used in producing tires and other automotive products. The expansion of the automotive industry directly impacts the demand for carbon black in the UAE.
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