Guangzhou, Guangdong -- (SBWIRE) -- 10/11/2011 -- The third edition report of The Future of Carbon Black in China will be released by CCM in May 2012. The report indicates a promising carbon black market in China.
China’s carbon black market is now in a period of fast development, which embodies in capacity, output, export and consumption. Meanwhile, the global carbon black industry tends to move to China.
Now China is one of most important players in global carbon black market as it is not only the largest producer but also the largest market. Since 2006, China has exceeded the US and become the largest producer of carbon black in the world. By the end of 2010, the capacity of domestic carbon black has exceeded 5 million t/a and the output is about 3.4 million tonnes. The CAGR of domestic capacity and output is 8.9% and 10.0% respectively in 2006 and 2010.
China’s carbon black has developed fast in recent years thanks to the fast development of domestic auto industry and rubber industry. In 2010, the growth rate of output and sales of auto in China is 32.44% and 32.37% respectively.
The fast increasing demand stimulates domestic capacity to enlarge fast as there is no barrier in raw materials and technology. And thanks to the difference of raw materials between domestic and overseas, domestic manufacturers are more competitive in the raw materials cost when the crude oil price is high. So, more and more MNC relocated to China or set production lines in China, meanwhile, they close their previous production lines in EU or the US.
With the enlarging domestic capacity, the export volume also increases year by year. Since 2006, China has become a net exporter of carbon black. The export volume increased a lot, about 40? in 2010 compared with that in 2009, and it is estimated that the export volume may double in 2011 compared with that in 2010.
However, domestic carbon black industry also faces fiercer and fiercer competition and stricter and stricter environmental restrictions. Meanwhile, the government tends to regulate and control the industry expansion.
What is the future of carbon black in China? What is the risk and opportunity in this industry at present and in the future? All answers will be shared in CCM’s upcoming report of The Future of Carbon Black in China. If you are interested in this report, please feel free to contact us at econtact@cnchemicals.com.
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