India Carbon Black Market Size is Projected To Reach INR 133.32 Billion by 2028 | CAGR of 9.20%

Carbon Black Industry Outlook India:

IMARC Group, a leading market research company, has recently releases report titled "India Carbon Black Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." India carbon black market size reached INR 79.65 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 133.32 Billion by 2028, exhibiting a growth rate (CAGR) of 9.20% during 2023-2028.
Report Highlights

How big is the India carbon black market?

Report Attributes Details

Market Size in 2022 INR 79.65 Billion
Market Forecast in 2028 INR 133.32 Billion
Growth rate (2023 to 2028) 9.20%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is Carbon Black?

Carbon black is a type of carbon material that is produced through the controlled combustion or decomposition of hydrocarbons like oil and natural gas at specific pressures and temperatures. This process results in a para crystalline form of carbon. There are different types of carbon black, including furnace black, channel black, thermal black, and acetylene black. These variants primarily consist of pure carbon, with small amounts of sulfur, nitrogen, oxygen, and hydrogen. Carbon black is widely utilized as a reinforcing filler in tires, as a model compound for diesel soot, and as a color pigment in plastics, paints, and inks. It finds applications across various sectors, such as paints, plastics, automotive, inks, coatings, etc.

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What are the growth prospects and trends in the India Carbon Black Industry?

The expanding automobile industry is among the key factors driving the India carbon black market as the product is extensively used in the sidewalls, inner liners, and treads of tires to enhance their strength and durability. Besides this, the rubber sector is also growing, leading to the rising demand for carbon black in the production of molded and extruded rubber products like air springs, gaskets, hoses, and belts. Furthermore, there is an elevating need for carbon black in plastic items to provide conductivity and UV protection, which is also propelling the product demand. Furthermore, the expanding paints and coatings industry, where the material is utilized for producing jet black paints and ensuring color stability, thermal stability, and solvent resistance, is expected to fuel the India carbon black market in the coming years.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights:

• Furnace Black
• Acetylene Black
• Channel Black
• Others

Grade Wise Application Insights:

• Rubber Black
o Tire Treads
o Inner Liner and Tubes
o Conveyor Belts
o Hoses
o Others
• Specialty Black
o Plastics
o Ink and Toners
o Paint and Coatings
o Wires and Cables
o Others

Regional Insights:

• South India
• West and Central India
• North India
• East India

Who are the key players operating in the industry?

• Phillips Carbon Black Limited (PCBL)
• Birla Carbon India Pvt. Ltd.
• Balkrishna Industries Limited (BKT)
• Himadri Specialty Chemical Ltd.
• Continental Carbon India Private Limited
• Ralson Shine Carbon Ltd.
• Epsilon Carbon Private Limited
• Cabot Corporation
• Selective Minerals and Color Industries Pvt. Ltd.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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