Report Overview

India Carbon Black Market - Industry Trends & Forecast Report, 2029

India carbon black market size was estimated at USD 78.54 billion in 2022. During the forecast period between 2023 and 2029, the size of India carbon black market is projected to grow at a CAGR of 9.12% reaching a value of USD 132.61 billion by 2029. Major growth drivers for the India carbon black market include an increasing automotive and rubber industries in the country. The demand for carbon black in India has been further increasing due to population growth, rapid urbanization, large number of infrastructure development projects, and rising disposable incomes. Carbon black finds extensive use across various industries due to its unique capability to blend with additives, elastomers, and binding agents, resulting in the production of advanced and eco-friendly high-quality products. In India, the forecast period is expected to witness a rise in carbon black demand, primarily driven by the growing need for industrial rubber applications such as conveyor belts and hose pipes. Also, the market's growth is fueled by the increasing demand for carbon black in sectors like printing, coatings, toners, and other related industries. These factors play a pivotal role in driving the expansion of the carbon black market in India during the forecast period.

India Carbon Black Market – Overview

India carbon black market refers to the sector within India's economy that involves the production, distribution, and consumption of carbon black. Carbon black is a fine black powder composed primarily of elemental carbon, which is produced through the incomplete combustion or thermal decomposition of hydrocarbons. It serves as a reinforcing filler in various industries, particularly the rubber industry, where it enhances the strength and durability of rubber products such as tires. The India carbon black market encompasses the manufacturing of carbon black, its supply chain, market dynamics, and the demand for carbon black across different sectors such as automotive, rubber, plastics, coatings, inks, and batteries within the Indian market. The market involves both domestic carbon black manufacturers and international players operating in India, catering to the growing demand for carbon black products in the country.

India Carbon Black Market

Growth Drivers

Expanding Automotive Industry

The increasing demand from the construction, automobile, electronics, consumer products, and various other industries is fueling the rapid growth of the rubber sector. In these industries, a wide range of products including wires and cables, tires, hoses, air springs, windows and doors, belts, and gaskets are predominantly manufactured using rubber components. Carbon black, an essential ingredient in almost all rubber compounds, serves as a reinforcing filler to enhance the physical properties of rubber. It not only strengthens the rubber but also aids in vulcanization and improves its volume. Carbon black also facilitates heat dissipation from the tire's tread and belt region, leading to extended durability of rubber goods. Significant amounts of carbon black are added to the inner liners, sidewalls, and carcasses of tires. The market is expected to experience continuous growth throughout the projected period, driven by the increasing acceptance of rubber products and the rapid expansion of the tire industry.

Restraints

Fluctuating Raw Material Prices

The prices of raw materials used in carbon black production, such as hydrocarbons, can experience volatility due to various factors, including changes in global oil prices, supply disruptions, geopolitical tensions, and market dynamics. These fluctuations in raw material prices pose challenges for carbon black manufacturers in terms of cost management and profitability. The uncertainty surrounding raw material costs can impact the overall competitiveness and pricing strategies of carbon black products in the market. Manufacturers may need to adjust their production processes, sourcing strategies, or pass on the increased costs to customers, which can influence the demand and growth of the India carbon black market. Managing and mitigating the impact of fluctuating raw material prices becomes a crucial factor for the industry participants to sustain their operations and navigate market uncertainties effectively.

Impact of COVID-19 on India Carbon Black Market

COVID-19 pandemic adversely affected the India carbon black market. During the initial stages of the pandemic, the nationwide lockdown measures imposed to contain the spread of the virus disrupted manufacturing operations and supply chains, leading to a decline in demand for carbon black. The automotive and industrial sectors, major consumers of carbon black, experienced a slowdown, affecting the overall market. However, as restrictions eased and economic activities resumed, the demand gradually recovered. The India carbon black market experienced a shift in consumer preferences towards eco-friendly and sustainable products, which led to an increased adoption of specialty carbon black grades. The pandemic's long-term effects continued to shape market dynamics, with manufacturers focusing on resilience and adapting to changing market demands.

India Carbon Black Market

Segmental Coverage

India Carbon Black Market – By Type

By type, the India carbon black market is divided into Acetylene Black, Channel Black, Furnace Black, and Lamp Black segments. The furnace black segment holds the highest share in the India carbon black market by type. The furnace black offers excellent reinforcing properties, making it an ideal choice for the tire industry, which is a major consumer of carbon black. With the growth of the automotive sector in India, the demand for tires has been consistently high. Additionally, furnace black finds extensive use in various other industries, including industrial rubber products and plastics, further contributing to its market dominance. The established production infrastructure and widespread availability of furnace black also play a role in its higher market share compared to other carbon black types in India.

India Carbon Black Market – By Grade

Based on grade, the India carbon black market is bifurcated into Specialty and Commodity segments. The specialty grade segment holds a higher market share. There was a strong market demand for specialty grade carbon black, which is a high-quality refined form of carbon black produced using a distinct manufacturing process. In this process, hydrocarbons are burned with a controlled air supply to create specialty-grade carbon black. This type of carbon black is widely used for pigmenting, UV stabilization, and as conductive agents, which significantly contributes to the market's growth.

India Carbon Black Market – By Application

Based on application, the India carbon black market is divided into Tire, Industrial Rubber, and Plastic segments. The plastic segment holds the highest share in the India carbon black market. The substance finds primary application as a conductive filler, pigment, and particle-reinforcing agent in the plastics industry. With its exceptional strength, thermal conductivity, and antistatic properties, it is widely used as a filler in the manufacturing of various plastic products, such as pipes, films, stretch wraps, photography containers, and industrial bags.

Black carbon also acts as a UV light absorber, providing protection to plastics against fading, chalking, discoloration, and cracking. These factors contribute to increased utilization of the substance in the production of plastic goods and are expected to drive market growth.

India Carbon Black Market – By Region

Based on region, the India carbon black market is divided into North India, South India, East India, and West India. 

Competitive Landscape

Major players operating in the India carbon black market include Phillips Carbon Black Ltd, Himadri Speciality Chemical Ltd, Aditya Birla Carbon, Cabot Corporation, Orion Engineered Carbons, Continental Carbon India Ltd, Birla Carbon, Longxing Chemical Stock Co. Ltd, China Synthetic Rubber Corporation, and Tokai Carbon Co. Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In September 2022 - Epsilon Carbon invested approximately USD 0.675 million to nearly double its plant capacity, with the goal of achieving a leading position in the Indian market in terms of manufacturing scale.

Scope of the Report

By Type

• Acetylene Black

• Channel Black

• Furnace Black

• Lamp Black

By Grade

• Specialty

• Commodity

By Application

• Tire

• Industrial Rubber

• Plastic

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Carbon Black Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Expanding automotive industry
         2. The ongoing infrastructure development projects in India
   3. Restraints
      1. 1. Fluctuating raw material prices
         2. Environmental concerns
      2. Opportunities
         1. The increasing focus on renewable energy sources
         2. Continuous advancements in carbon black production techniques
      3. Challenges
         1. Intense competition
         2. Availability of substitutes and alternatives
   4. Technology Advancements/Recent Developments
   5. Regulatory Framework
   6. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Carbon Black Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Acetylene Black
         2. Channel Black
         3. Furnace Black
         4. Lamp Black
         5. Others
      2. By Grade
         1. Specialty
         2. Commodity
      3. By Application
         1. Tire
         2. Industrial Rubber
         3. Plastic
         4. Others
      4. By Region
         1. North India
         2. South India
         3. East India
         4. West India
5. North India Carbon Black Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Grade
      3. By Application
6. South India Carbon Black Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Grade
      3. By Application
7. East India Carbon Black Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Grade
      3. By Application
8. West India Carbon Black Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Grade
      3. By Application
9. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. India Carbon Black Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Carbon Black Market
11. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Phillips Carbon Black Ltd.
    2. Himadri Speciality Chemical Ltd.
    3. Aditya Birla Carbon
    4. Cabot Corporation
    5. Orion Engineered Carbons
    6. Continental Carbon India Ltd.
    7. Birla Carbon
    8. Longxing Chemical Stock Co. Ltd.
    9. China Synthetic Rubber Corporation
    10. Tokai Carbon Co. Ltd.
    11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of non–listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in–depth secondary research for the final deliverable.

List of Figures

Figure 1       India Carbon Black Segmentation

Figure 2       India Carbon Black Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       India Carbon Black Market Size, By Value (USD Million), 2019–2029

Figure 5       India Carbon Black Market Share, By Types, By Value, 2019–2029

Figure 6       India Carbon Black Market Share, By Grade, By Value, 2019–2029

Figure 7       India Carbon Black Market Share, By Application, By Value, 2019–2029

Figure 8       North India Carbon Black Market Size, By Value (USD Million), 2019–2029

Figure 9       North India Carbon Black Market Share, By Types, By Value, 2019–2029

Figure 10     North India Carbon Black Market Share, By Grade, By Value, 2019–2029

Figure 11     North India Carbon Black Market Share, By Application, By Value, 2019–2029

Figure 12     South India Carbon Black Market Size, By Value (USD Million), 2019–2029

Figure 13     South India Carbon Black Market Share, By Types, By Value, 2019–2029

Figure 14     South India Carbon Black Market Share, By Grade, By Value, 2019–2029

Figure 15     South India Carbon Black Market Share, By Application, By Value, 2019–2029

Figure 16     East India Carbon Black Market Size, By Value (USD Million), 2019–2029

Figure 17     East India Carbon Black Market Share, By Types, By Value, 2019–2029

Figure 18     East India Carbon Black Market Share, By Grade, By Value, 2019–2029

Figure 19     East India Carbon Black Market Share, By Application, By Value, 2019–2029

Figure 20     West India Carbon Black Market Size, By Value (USD Million), 2019–2029

Figure 21     West India Carbon Black Market Share, By Types, By Value, 2019–2029

Figure 22     West India Carbon Black Market Share, By Grade, By Value, 2019–2029

Figure 23     West India Carbon Black Market Share, By Application, By Value, 2019–2029

List of Tables

Table 1        India Carbon Black Market Size, By Value (USD Million), 2019–2029

Table 2        India Carbon Black Market Share, By Types, By Value, 2019–2029

Table 3        India Carbon Black Market Share, By Grade, By Value, 2019–2029

Table 4        India Carbon Black Market Share, By Application, By Value, 2019–2029

Table 5        North India Carbon Black Market Size, By Value (USD Million), 2019–2029

Table 6        North India Carbon Black Market Share, By Types, By Value, 2019–2029

Table 7        North India Carbon Black Market Share, By Grade, By Value, 2019–2029

Table 8        North India Carbon Black Market Share, By Application, By Value, 2019–2029

Table 9        South India Carbon Black Market Size, By Value (USD Million), 2019–2029

Table 10      South India Carbon Black Market Share, By Types, By Value, 2019–2029

Table 11      South India Carbon Black Market Share, By Grade, By Value, 2019–2029

Table 12      South India Carbon Black Market Share, By Application, By Value, 2019–2029

Table 13      East India Carbon Black Market Size, By Value (USD Million), 2019–2029

Table 14      East India Carbon Black Market Share, By Types, By Value, 2019–2029

Table 15      East India Carbon Black Market Share, By Grade, By Value, 2019–2029

Table 16      East India Carbon Black Market Share, By Application, By Value, 2019–2029

Table 17      West India Carbon Black Market Size, By Value (USD Million), 2019–2029

Table 18      West India Carbon Black Market Share, By Types, By Value, 2019–2029

Table 19      West India Carbon Black Market Share, By Grade, By Value, 2019–2029

Table 20      West India Carbon Black Market Share, By Application, By Value, 2019–2029

Table 21      Phillips Carbon Black Ltd. Company Overview

Table 22      Phillips Carbon Black Ltd. Financial Overview

Table 23      Himadri Speciality Chemical Ltd. Company Overview

Table 24      Himadri Speciality Chemical Ltd. Financial Overview

Table 25      Aditya Birla Carbon Company Overview

Table 26      Aditya Birla Carbon Financial Overview

Table 27      Cabot Corporation Company Overview

Table 28      Cabot Corporation Financial Overview

Table 29      Orion Engineered Carbons Company Overview

Table 30      Orion Engineered Carbons Financial Overview

Table 31      Continental Carbon India Ltd. Company Overview

Table 32      Continental Carbon India Ltd. Financial Overview

Table 33      Birla Carbon Company Overview

Table 34      Birla Carbon Financial Overview

Table 35      Longxing Chemical Stock Co. Ltd. Company Overview

Table 36      Longxing Chemical Stock Co. Ltd. Financial Overview

Table 37      China Synthetic Rubber Corporation Company Overview

Table 38      China Synthetic Rubber Corporation Financial Overview

Table 39      Tokai Carbon Co. Ltd. Company Overview

Table 40      Tokai Carbon Co. Ltd. Financial Overview

Table 41      Other Prominent Players Company Overview

Table 42      Other Prominent Players Financial Overview