'China Carbon Black Market Assessment & Future Opportunities 2008-2018' Is Now Available With Tech Archival

Online, April 22, 2013 (Newswire.com) - Carbon black finds application in manufacturing of a large number of industrial products including tires, industrial rubbers, belts & hoses, paints, inks, batteries, etc. It is a highly porous substance in the size of nanometres that is produced under a well-controlled manufacturing process. The fortune of the carbon black industry is closely associated with the automotive industry as it generates the largest demand for carbon black. On an average, a normal car tyre contains nearly 3.5 Kilogram of carbon black. The global tyre industry is thus the largest consumer of carbon black, consuming nearly 80% of the global carbon black demand in 2012.

Tech Archival's recent published study on Chinese carbon black market, 'China Carbon Black Market Assessment & Future Opportunities 2008-2018' explores that most of the carbon black manufacturing units in western world especially in North America and Europe were being forced to shut down their operations because of the heavy competition they were facing from low cost Asian manufacturers. This has resulted in shift of global carbon black manufacturing capacities towards Asia, fuelling the growth of new manufacturing capacities especially in China and India. Benefitting from this global shift, the Chinese carbon black market reached a massive market value of US$ 5 Billion in 2012. Similarly, domestic installed capacity, production and export volumes grew incessantly by 2012 at a CAGR of more than 10%, strengthening China's position as world's largest producer and net exporter of carbon black.

In recent times, nearly all leading global manufacturers of carbon black including Cabot, Evonik, Phillips Carbon, etc have continuously invested in China to establish and expand their manufacturing capacities by 2012. Currently, China's carbon black industry comprises more than 60 carbon black manufacturers which are engaged in carbon black production from small to large scales. Yet, nearly 50% of the market is currently dominated by leading 8 manufacturers including leaders such as Jiangxi Black Cat Carbon Black Co. Ltd. and Shanghai Cabot Chemical Co. Ltd.

'With an abundance of resources, significant foreign investment, and a favourable business climate, China has rapidly transformed itself into world's fastest-growing economies. Benefitting from this positive environment in the country, a large number of players entered into carbon black manufacturing and have been successful in operating scale economies which allows them to offer large quantities of low priced carbon black', said Manmohan Joshi, Research Director at Tech Archival.

Since Chinese manufacturers are receiving good profit margins, it is also driving the market growth to reach higher levels. Tech Archival estimates that performance of the Chinese carbon black market will continue growing steadily right through 2018, reaching annualised revenues more than US$ 7 Billion.

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