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Carbon Black CAGR 5.82% 2019-30 on demand from packaging and films

Electric Vehicles to drive CB demand

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Electric Vehicles to drive CB demand

 

Phillips Carbon Black Ltd.
Rubber black is a major reinforcing filler used in rubber compounds. The enhancement in rubber properties is a function of the fundamental physical and chemical characteristics of carbon black.

Food packaging and industrial films are driving demand of Carbon Black in India, with a projected CAGR of 5.82% during 2019-2030, according to ResearchAndMarkets’ report released on 8 Apr 2019.

Demand would reach 1,853,840 tonnes in 2030, up from 984,630 tonnes in 2018, projects “India Carbon Black Comprehensive Techno-Commercial Market Analysis and Forecast, 2013-2030”.

 

in the Indian packaging industry has increased the demand for carbon black in food packaging, industrial film, lamination and carrier bags and high-quality protective packaging applications, said the report.

Furthermore, the Indian government’s mission to make India a 100% electric vehicle nation by 2030 under the new National Electric Mobility Mission Plan is expected to push the demand for automobiles in the coming years. This demand in turn would aid growth in ancillary industries such as tire industry, which use carbon black as their primary raw material.

Moreover, the demand for industrial rubber such as in conveyor belts and hoses is anticipated to positively influence the demand for carbon black in India during 2019-2030.

Some of the major players operating in the Indian carbon black market are Phillips Carbon Black Limited, SKI Carbon Black India Private Limited, Continental Carbon India Limited and Ralson Carbon Black Limited. fiinews.com

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