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IMARC Group has published a market research report titled "India Carbon Black Market by Type (Furnace Black, Acetylene Black, Channel Black, and Others), Grade Wise Application (Rubber Black, Specialty Black), and Region 2024-2032", The India carbon black market size reached INR 86.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 177.6 Billion by 2032, exhibiting a growth rate (CAGR) of 8.03% during 2024-2032.
The growing automotive industry as well as the rising need for high-performance materials are the factors responsible for the growth of the India carbon black market. Additionally, one of the significant trends is the increasing use of carbon black as a reinforcing agent in tire manufacturing, a critical component for the automotive sector. Besides this, the surge in vehicle production and ownership is creating a demand for durable and efficient tires that is escalating. Carbon black is integral to enhancing the strength, longevity, and performance of tires, making it indispensable in this industry. Moreover, the growth of the construction sector, which heavily relies on carbon black for various applications in rubber and plastic products, is contributing to the expansion of the market as infrastructure projects proliferate across the country.
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India Carbon Black Market Trends and Drivers
Technological advancements and innovations in production processes are also key drivers of the carbon black market in India. Companies are increasingly adopting advanced manufacturing technologies to improve the quality and efficiency of carbon black production. This includes the development of more sustainable and environmentally friendly methods like recycling scrap materials and utilizing cleaner production techniques to meet stringent environmental regulations, which is positively impacting the market. Furthermore, the supportive policies made by government authorities and initiatives, such as the Make in India campaign, are fostering a favorable environment for the domestic manufacturing of carbon black. These policies provide incentives and support for local production, reducing dependency on imports and enhancing self-sufficiency, which is anticipated to drive the India carbon black market over the forecasted period.
Leading Companies Operating in the India Carbon Black 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.
Report 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
Tire Treads
Inner Liner and Tubes
Conveyor Belts
Hoses
Others
Specialty Black
Plastics
Ink and Toners
Paint and Coatings
Wires and Cables
Others
Regional Insights:
South India
West and Central India
North India
East India
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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