In 2023, Carbon Black production in Canada stood at 233.2 thousand metric tons. The forecasted data shows a year-on-year increase: 2024 (235.29), 2025 (237.4), 2026 (239.48), 2027 (241.55), and 2028 (243.59). For variations, 2024 shows a 0.89% increase from 2023, 2025 includes a 0.90% increase from 2024, while 2026 has a 0.88% increase from 2025. The trend continues with 2027 showing a 0.87% rise from 2026, and 2028 a 0.85% increase from 2027. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is 0.86%.
Future trends to watch for include technological advancements in production efficiency, increased demand from the automotive sector for rubber tires, and potential environmental regulations impacting production methods.
