8th Global Rubber & Tire Markets,

20-21 Aug, 2014 - Jakarta, INDONESIA

Le Meridien Jakarta

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News Feed

Chinese carbon black market to achieve annualized revenues of approx. USD 7 billion in 2018, says report

Posted on : 10 Apr, 2014

 

Tech Archival analysts, in its report titled "China Carbon Black: Assessment, Opportunities & Forecast Up-to 2018," indicated that North American and European carbon black manufacturing units are closing down due to steep competition from low-cost Asian manufacturers, further leading to a capacity shift towards Asia.


While the report predicts the global specialty carbon black market to grow at CAGR of 5% by 2018, it also expects that by 2015, Asia will account for approximately 65% of the global carbon black demand. Such surge in demand will help solidify the region's position as the largest producer and consumer of carbon black, inviting more investments.

 

China is already benefitting from this global shift in carbon black manufacturing, with total sales volumes of more than 3 million tons of carbon black, generating nearly USD 5 billion in revenues in 2013. As the total domestic production volumes and export volumes rose in China, it continued to strengthen the country's position as world's largest producer and net exporter of carbon black by 2013.

 

Abundant resources, foreign investment, and a conducive business climate are factors working in China's favor, encouraging many players to partake in its carbon black manufacturing business.


Given the good profit margins of manufacturers in China, Tech Archival further estimates that the Chinese carbon black market will continue to grow steadily right through 2018, reaching annualized revenues close to USD 7 billion in 2018.


More on carbon black manufacturing will be discussed at 8th Global Rubber & Tire Markets conference in Jakarta on 12-13 June 2014.


For information visit 8th Global Rubber & Tire Markets website or contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218.


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