DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gf3gdp/china_carbon) has announced the addition of the "China Carbon Black Market Assessment & Future Opportunities 2008-2018" report to their offering.
This study on the Chinese carbon black market, China Carbon Black Market Assessment & Future Opportunities 2008-2018' explores that most of the carbon black manufacturing units in western world especially in North America and Europe were being forced to shut down their operations because of the heavy competition they were facing from low cost Asian manufacturers. This has resulted in shift of global carbon black manufacturing capacities towards Asia, fuelling the growth of new manufacturing capacities especially in China and India. Benefiting from this global shift, the Chinese carbon black market reached a massive market value of US$ 5 Billion in 2012.
Similarly, domestic installed capacity, production and export volumes grew incessantly by 2012 at a CAGR of more than 10%, strengthening China's position as world's largest producer and net exporter of carbon black.
In recent times, nearly all leading global manufacturers of carbon black including Cabot, Evonik, Phillips Carbon, etc have continuously invested in China to establish and expand their manufacturing capacities by 2012. Currently, China's carbon black industry comprises more than 60 carbon black manufacturers which are engaged in carbon black production from small to large scales. Yet, nearly 50% of the market is currently dominated by leading 8 manufacturers including leaders such as Jiangxi Black Cat Carbon Black Co. Ltd. and Shanghai Cabot Chemical Co. Ltd.
With an abundance of resources, significant foreign investment, and a favourable business climate, China has rapidly transformed itself into world's fastest-growing economies. Benefitting from this positive environment in the country, a large number of players entered into carbon black manufacturing and have been successful in operating scale economies which allows them to offer large quantities of low priced carbon black', said Manmohan Joshi, Research Director at Tech Archival.
Companies Mentioned:
- China Synthetic Rubber Corporation
- Jiangxi Black Cat Carbon Black Co. Ltd.
- LongXing Chemical Stock Co. Ltd.
- Shandong Huadong Rubber Materials Co. Ltd.
- Shanghai Cabot Chemical Co. Ltd. / Cabot Corporation
- Suzhou Baohua Carbon Black Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/gf3gdp/china_carbon