Carbon Black Market Size in India is Booming and Predicted To Hit INR 133.32 Billion by 2028

How big is the India carbon black market?

The carbon black market size in India 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.

What is Carbon Black?

Carbon black is a type of carbon material produced by carefully controlling the combustion or decomposition of hydrocarbons like oil and natural gas at specific temperatures and pressures. This process yields a para-crystalline form of carbon. There are several types of carbon black, including furnace black, channel black, thermal black, and acetylene black. These variants primarily consist of pure carbon, with minor traces of sulfur, nitrogen, oxygen, and hydrogen. Carbon black has diverse applications. It is widely used as a reinforcing filler in tires, serves as a model compound for diesel soot, and functions as a color pigment in plastics, paints, and inks. This versatile material finds applications across various sectors, including paints, plastics, automotive, inks, coatings, and more

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

The growth of the automobile industry is a significant driver of the carbon black market in India. Carbon black is widely used in tires, specifically in sidewalls, inner liners, and treads, to enhance their strength and durability. Additionally, the rubber sector is expanding, leading to increased demand for carbon black in the manufacturing of molded and extruded rubber products like air springs, gaskets, hoses, and belts. Furthermore, there is a rising requirement for carbon black in plastic products to impart conductivity and UV protection, contributing to the increased demand for the material. Moreover, the expanding paints and coatings industry in India utilizes carbon black for producing jet black paints while ensuring color stability, thermal stability, and solvent resistance. This trend is expected to further drive the carbon black market in India in the years to come.

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.

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