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The Carbon Black industry is forecasted to grow in all major global markets in the current fiscal year. The demand trajectory has improved year-over-year compared to the previous year, likely supporting price growth. Philips Carbon Black Ltd. has projected robust growth ahead for the Indian carbon black market, driven by factors like increased economic activity, infrastructure spending, and vehicle scrappage policies. Import restrictions have reduced competition from imports, benefiting domestic tyre manufacturing. Growth is also attributed to increased demand in passenger cars, agriculture, and construction sectors, indicating global acceptance of Indian tyre products.
The European carbon black market faces increased pressure due to ongoing regional trade issues, impacting the global supply of rubber reinforcement material. Regional factors like the EU's ban on carbon black imports from Russia and shifts in export destinations significantly influence supply and demand dynamics. India's emergence as an exporter to Western regions is notable, with expectations of becoming a key global producer. While market shifts and geopolitical disruptions have had a muted impact so far due to soft demand, there's anticipation of increasing pressure on domestic supply in North America and the EU as the market tightens. Recent geopolitical shifts are boosting India's carbon black exports significantly in the current fiscal year, supported by substantial capacity expansions in the Indian industry.
The annual outlook for the global carbon black industry is promising for the current fiscal year. The Indian carbon black industry is emerging as a shining spot amidst tense geopolitical relationships and tightened supply chains, particularly in Europe and the Middle East. The country is undertaking several capacity expansion projects to cater to rising demands. Philips Carbon Black Ltd. (PCBL), India's largest carbon black maker, recently commissioned a new plant in Tamil Nadu with a capacity of 147 KT. Himadri Speciality Chemical Ltd is also set to expand its specialty carbon black capacity in West Bengal with a â¹220 crore investment, aiming to meet rising demand from Europe and adding 70,000 tonnes per annum capacity, totaling 1,30,000 tonnes per annum.
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India
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Philippines
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+63-287-899-028, +63-967-048-3306
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Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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