| Carbon black demand to reach 11.6 million MTS |
March 5, 2010 (MMD Newswire) -- The Infoshop by Global Information would like to present a new market research report, "WORLD CARBON BLACK (Industry forecasts for 2013 & 2018)" by The Freedonia Group.
Carbon black is mainly used as a reinforcement material in vulcanized rubber goods (e.g. it is found in over 60% of motor vehicle tires alone). In the tire sector, carbon black is forecasted to rise 3.7% per year through 2013 to 6.9 million metric tons. On the other hand, the non-tire rubber carbon black market is expected to reach 3.6 million metric tons, gaining at a rate of 4.8% per year through 2013.
Through 2013, it is expected that the strongest gains in carbon black demand will be found in the Asia/Pacific region, not including Japan. Amidst countries all over the world, China and India experienced the biggest growth in new carbon black capacity between the years 2003 and 2008 - this trend will continue into the year 2013.
Research and analysis at The Freedonia Group concludes that special blacks, in particular, will be the fastest growing market growing at a solid rate of 5.9% per year to reach approximately 1.2 million metric tons. Demand for special blacks will primarily be located in the inks, paints, and plastics sectors. The special blacks world market commands a considerably higher per-kilogram price than commodity furnace blacks despite the fact that the former accounts for less than ten percent of the overall global carbon market. Due to higher margins, a robust position in special blacks offers suppliers increased protection from cyclicality in the highly interconnected rubber, motor vehicle and tire industries.
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