Chemicals Market Analysis: Carbon Black Market - 0 views
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Bharatbookbureau MarketReport on 03 Jul 12Carbon black is well renowned as world's best reinforcing material for rubber related products which also finds application as a key raw material in various chemical industries including inks, paints, batteries, etc. The global tyre manufacturers consume nearly 80 % of the total carbon black demand. The recent changes in global carbon black industry indicate that most of the carbon black's manufacturing units in western world including North America, Europe are being forced to shut down their operations because of the heavy competition they are facing from low cost Asian manufacturers. This has resulted in shift of carbon black's manufacturing capacities towards Asia, fuelling the growth of new manufacturing capacities especially in China and India. According to "India Carbon Black's Market Forecast & Opportunities, 2017" carbon black's market in India is expected to grow at the compounded annual growth rate of around 9% between 2012 and 2017 which is anticipated to drive the market to new heights. The excellent growth in domestic automobile, chemical industry and natural availability of required resources is driving carbon black's market growth actively in the region. Recently, Birla Carbon (a leading Indian carbon black manufacturer) acquired Columbian Chemicals (a USA based global carbon black producer) which allowed the company to emerge as world's largest carbon black company. Furthermore, other Indian manufacturers are actively planning ahead for acquisitions, green-field investments, and capacity expansions across the globe which is strengthening India's position as the world's leading carbon black manufacturer and supplier. "India Carbon Black's Market Forecast & Opportunities, 2017" report includes: * Global Carbon Black Market Size, Market Share and Growth Forecast * India Carbon Black Market Size, Market Share & Growth Forecast * India Carbon Black In-depth Market Analysis * Key Drivers, Restraints, Market Tre