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India Carbon Black Market Size (2024 - 2029)

The India Carbon Black Market is experiencing growth driven primarily by the tire industry, which consumes a significant portion of the product. Despite challenges posed by the COVID-19 pandemic, such as supply chain disruptions and decreased demand for new tires, the market has shown resilience due to stable demand for replacement tires. However, market expansion is hindered by fluctuating raw material prices and the increasing popularity of green tires. The rise of electric vehicles presents a potential opportunity for further market development. The Furnace Black process is expected to lead in production due to its cost advantages.

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Market Size of India Carbon Black Industry

India Carbon Black Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 4.15 %
Market Concentration High

Major Players

India Carbon Black Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Carbon Black Market Analysis

The India Carbon Black Market size is estimated to reach 0.98 million tons by the end of this year. It is projected to reach 1.21 million tons in the next five years, registering a CAGR of over 4.15% during the forecast period.

Due to the COVID-19 outbreak, nationwide lockdowns led to supply-related challenges and reduced demand for new tires due to reduced automotive manufacturing. However, the demand for replacement tires did not fluctuate much, which partially eased the challenges in the carbon black market.

  • One of the major factors driving the market studied is the growing demand from the tire industry, where more than 70% of the carbon black is consumed.
  • On the flip side, high volatility in the prices of raw materials and the rising prominence of green tires are restricting market growth.
  • Growth in the adoption of electric cars is likely to act as an opportunity for the carbon black market in India.
  • In India, the Furnace Black process type is expected to dominate the market in terms of preferred production process owing to various advantages, such as cost-effectiveness, associated with it.

India Carbon Black Industry Segmentation

Carbon black is a fine carbon powder made by incomplete combustion or thermal decomposition of gaseous or liquid hydrocarbons under controlled conditions. It is extensively used as a color pigment in paints and inks and as a reinforcing filler in rubber products.

The Indian carbon black market is segmented by process type and application. The market is segmented by process type into furnace black, gas black, lamp black, and thermal black. The market is segmented by application into tires & industrial rubber products, plastics, toners and printing inks, coatings, textile fibers, and other applications (insulation, power, construction, etc.). Each segment's market sizing and forecasts are in volume (tons).

Process Type
Furnace Black
Gas Black
Lamp Black
Thermal Black
Application
Tires and Industrial Rubber Products
Plastics
Toners and Printing Inks
Coatings
Textile Fibers
Other Applications (Insulation, Power, Construction, etc.)
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India Carbon Black Market Size Summary

The India carbon black market is poised for growth, driven primarily by the robust demand from the tire industry, which consumes a significant majority of carbon black produced. The market is characterized by its reliance on the furnace black process, a method favored for its cost-effectiveness and high yield, making it the dominant production technique in the country. This process not only meets the high demand for carbon black but also offers flexibility in producing various types of carbon black, catering to the diverse needs of industries such as rubber, plastics, and coatings. The automotive sector's expansion, particularly with the rise in electric vehicles, presents further opportunities for market growth, despite challenges like raw material price volatility and the increasing shift towards green tires.

The Indian automotive industry, a crucial component of the nation's economy, significantly influences the carbon black market due to its substantial contribution to tire demand. The sector's growth, evidenced by increased vehicle production and investments in manufacturing capacities, underscores the rising need for carbon black. Major players in the market, including PCBL, Birla Carbon, and Epsilon Carbon, are expanding their production capabilities to meet this demand. The market's consolidated nature, with key companies investing in new facilities and technologies, indicates a strong competitive landscape poised to support the anticipated growth in carbon black consumption across various applications.

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India Carbon Black Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Growing Demand from Tire Industry

      2. 1.1.2 Increasing Market Penetration of Specialty Black

      3. 1.1.3 Growing Applications In the Batteries Segment

    2. 1.2 Market Restraints

      1. 1.2.1 Rising Prominence of Green Tires

      2. 1.2.2 Volatility In Prices of Raw Materials

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Process Type

      1. 2.1.1 Furnace Black

      2. 2.1.2 Gas Black

      3. 2.1.3 Lamp Black

      4. 2.1.4 Thermal Black

    2. 2.2 Application

      1. 2.2.1 Tires and Industrial Rubber Products

      2. 2.2.2 Plastics

      3. 2.2.3 Toners and Printing Inks

      4. 2.2.4 Coatings

      5. 2.2.5 Textile Fibers

      6. 2.2.6 Other Applications (Insulation, Power, Construction, etc.)

India Carbon Black Market Size FAQs

The India Carbon Black Market is projected to register a CAGR of greater than 4.15% during the forecast period (2024-2029)

PCBL (Phillips Carbon Black Limited), Birla Carbon, Continental Carbon Company, Himadri Specialty Chemical Limited and Epsilon Carbon Private Limited are the major companies operating in the India Carbon Black Market.

India Carbon Black Market Report Snapshots

India Carbon Black Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)