According to the report, the globalization of carbon black manufacturing has resulted in a capacity shift towards Asia. It is expected that by 2015, nearly 65% of the global carbon black demand will come from Asia, which will further strengthen region’s position as the largest producer and consumer of carbon black and the trend towards investing in capacity in these regions.Carbon black n330

  Benefitting from this global shift, the Chinese carbon black market recorded total sales volumes of more than 3 million tons and generated nearly $5 billion USD in revenues in 2013. Likewise, the total domestic production volumes and export volumes grew incessantly, continuing China’s presence as the world’s largest producer and net exporter of carbon black by 2013.

 “With an abundance of resources, significant foreign investment, and a favorable business climate, China has rapidly transformed itself into world’s fastest-growing economy. Benefitting from this positive environment in the country, a large number of players entered into Pigment carbon black manufacturing and have been successful in operating scale economies which allows them to offer large quantities of low priced carbon black,” the report surmised.

  Furthermore, since Chinese manufacturers are generating good profit margins, Tech Archival estimates that performance of the Chinese carbon black market will continue growing steadily right through 2018, reaching annualized revenues close to $7 billion USD in 2018.