Summary

The carbon black market in India has experienced significant growth in recent years, driven by increasing demand from various industries such as automotive, construction, and packaging. The automotive industry is a major consumer of carbon black in India. Carbon black is extensively used in the production of tyres, and the growth of the automotive sector has directly contributed to the demand for carbon black. The tyre manufacturing industry is the largest consumer of carbon black in India. The country's expanding automotive market, coupled with a rise in tyre production, has led to a substantial increase in the consumption of carbon black. Carbon black is a key ingredient in the production of rubber goods, including conveyor belts, hoses, and gaskets. The growth of industries manufacturing rubber products has boosted the demand for carbon black. Some carbon black manufacturers in India have undertaken capacity expansion projects to meet the growing demand. Investments in research and development have also been made to improve product quality and efficiency. The burgeoning construction sector also plays a pivotal role, utilising carbon black in sealants, coatings, and adhesives, reflecting the material's versatile applications. Furthermore, the rubber goods manufacturing industry, the increasing focus on sustainable practices, and the integration of carbon black in renewable energy technologies, such as solar panels, add multifaceted dimensions to the market's growth. As regulatory compliance and environmental considerations gain prominence, the industry is witnessing a shift towards sustainable practices, while global players contribute advanced technologies to enhance the market's competitiveness.

According to the research report "India Carbon Black Market Overview, 2029," published by Bonafide Research, the India carbon black market is projected to add more than USD 450 Million from 2024 to 2029. The rapid expansion of the automotive sector in India is a primary driver for the demand for carbon black. It is a crucial component in tyre manufacturing, enhancing the performance, durability, and strength of tires. The tyre industry is the largest consumer of carbon black in India. The increasing production of vehicles, including two-wheelers, four-wheelers, and commercial vehicles, directly impacts the demand for carbon black in tyre manufacturing. The growth of the construction industry in India contributes to the demand for carbon black. It is used in various construction materials, including sealants, coatings, and adhesives, highlighting its importance in enhancing the durability and performance of these products. Overall industrialization and economic growth in India play a significant role in driving the demand for carbon black. Various industries, including manufacturing and infrastructure, contribute to the need for carbon black in different applications. The increasing emphasis on renewable energy sources has led to the use of carbon black in the production of solar panels. As India focuses on cleaner and sustainable energy solutions, this application contributes to the demand for carbon black.

Based on type, the market is segmented into furnace black, channel black, thermal black, acetylene black, and lamp black. Among them, in India, Channel Black is significantly contributing to the demand. The expansion of the automotive sector, both in terms of vehicle production and sales, contributes significantly to the demand for carbon black. Carbon black is a key component in tyre manufacturing, and the growth in the number of vehicles on the road directly impacts the demand. Carbon black is used in construction materials, coatings, and sealants. With ongoing infrastructure development projects in India, the demand for carbon black in the construction industry is on the rise. Increasing Rubber Goods Production: Carbon black is extensively used in the production of rubber goods such as tyres, conveyor belts, and hoses. The growth of industries manufacturing rubber products contributes to the demand for carbon black. Carbon black is used in renewable energy technologies, such as solar panels. As India focuses on sustainable energy solutions, the demand for carbon black in these applications is likely to increase. In terms of the grade segment, the market includes standard and specialty. The standard-grade segment is leading the Indian carbon black market. Industries such as automotive, construction, plastics, rubber, and inks, among others, find standard-grade carbon black suitable for their applications. The diversity of end-use industries contributes to overall market growth. Standard grades often conform to widely accepted global standards and specifications. This alignment can be advantageous for industries that need to comply with international quality and performance standards.

Based on application segment, the market includes tyres, non-tyre rubber, inks and toners, plastics, and others (lithium-ion batteries, graphite manufacturing, construction industry, and metallurgy). In this country, plastics are growing, and the plastics industry is a major consumer of carbon black. As the use of plastics increases in various applications, including packaging, construction, and consumer goods, the demand for carbon black as an additive also grows. Carbon black is known for reinforcing the mechanical properties of materials. When added to plastics, it improves strength, toughness, and abrasion resistance. This is particularly important in applications where durable and robust plastic products are required. Certain types of carbon black are conductive, making them suitable for applications where electrical conductivity is required. In the plastics industry, this can be important in the production of items such as anti-static packaging materials. With the overall growth in plastic consumption in India across industries such as packaging, construction, and consumer goods, the demand for additives like carbon black has increased proportionally.

Considered in this report:
• Geography: India
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report:
• India Carbon Black market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type:
• Furnace Black
• Channel Black
• Thermal Black
• Acetylene Black
• Lamp Black

By Grade:
• Standard
• Speciality

By Application:
• Tire
• Non-Tire Rubber
• Inks & Toners
• Plastics
• Others (lithium-ion batteries, graphite manufacturing, construction industry, and metallurgy)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Carbon Black industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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