During the first half of 2023, the carbon black market experienced distinct trends in Asia, Europe, and North America. In Asia, slow demands and reduced upstream costs led to bearish sentiments, but prices picked up in the latter half of the second quarter due to depleted inventories and increased downstream sector demands. Europe observed fluctuating prices, mostly low in the first quarter with high stocks and steady demand, rising in the second quarter driven by higher downstream demands and declining inventories. North America faced sluggish demand, but recovery signs emerged in late Q2 as demands picked up.
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Definition
Carbon black is a fine black powder composed of carbon particles produced through the incomplete combustion of hydrocarbons like oil or gas. It is one of the most commonly used reinforcing fillers in the rubber and tire industry due to its excellent reinforcing properties, which enhance the strength, durability, and wear resistance of rubber products. Carbon black is also utilized in various other applications, including pigments, inks, and plastics.
Key Details About the Carbon Black Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Carbon Black in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Carbon Black Price trends, including India Carbon Black price, USA Carbon Black price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Carbon Black Price Trend:
Carbon black has several key industrial uses across diverse sectors. It is predominantly used as a reinforcing filler in the production of rubber products, such as tires, conveyor belts, and automotive components, to enhance their strength and durability. Additionally, it finds application in manufacturing inks, coatings, and pigments due to its excellent black coloring properties. Moreover, Carbon black is utilized in plastics, batteries, and various high-performance materials, making it a crucial component in multiple industrial processes.
Key Players:
- Orion Engineered Carbon
- Birla Carbon
- Phillips Carbon Black Limited
- Mitsubishi Chemical Corporation
- Shandong Huadong Rubber Types Co., Ltd
- Abu Dhabi National Oil Company (ADNOC)
News and recent developments:
Phillips Carbon Black Ltd (PCBL), a part of RP Sanjiv Goenka Group, has commenced commercial production at its Rs 800-crore greenfield carbon black project in Tamil Nadu. The first phase with a manufacturing capacity of 63,000 tonnes per annum is operational, and the second phase of the total 1,47,000-tonne-per-annum project is expected to start within the current fiscal year. The project includes a 24 MW captive power plant and strategic location near ports for easy import of raw materials and exports of finished goods. PCBL aims to raise its specialty carbon black items to enhance profitability and has established R&D centers to explore new product segments.
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