10/04/2011 | Editor: Dominik Stephan
A recent market report expects growth rates of nearly ten percent on India's carbon black market. With an emerging automobile industry in China and India, the production and consumption of carbon black has gradually shifted toward Asia, analysts say.
Dehli/India – India's consumption of carbon black grows strongly by about eight percent per year, says a recent trend report by Phillips Carbon Black. Most of this carbon black – about 95 percent –is consumed by the country's emerging rubber industry. The use for paints is a much smaller market segments. The report expects the demand to grow by about nine or ten percent over the next five years, largely driven by a recent growth of India's automotive and tires industry but also by infrastructural improvement in roads and highways. About 70% of the carbon black on the Indian market is used for tires.
Speaking in global terms, the production and consumption of carbon black has gradually shifted toward Asia, which accounted for more than 60% of global production and consumption in 2010. Most of this growth, analysts say, comes from a growing automobile industry in China and India, and stringent laws forcing the closure of older carbon black capacities in developed regions.
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