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Carbon black belongs to any of the class of highly black, thinly segregated kinds of amorphous carbon that are generally generated as soot from the incomplete combustion of hydrocarbons. It is essentially utilised as a supporting agent in automobile tires and other rubber commodities. In addition, carbon black is also employed as exceptionally black pigments of excessive hiding power in the printing ink, paint, and carbon paper. The particles of carbon black are generally spherical and are less commonly crystalline as compared to graphite.
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The leading carbon black-producing countries are China, the United States, Japan, Germany, and India in the world. China alone accounts for 40 percent of the total global carbon black production.
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 the Carbon Black price 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 chart, 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 Carbon Black Price Trend:
Carbon black is primarily utilised to reinforce rubber in tires; however, it can also work as a pigment, UV stabiliser, and conductive or insulating agent in a wide range of rubber, plastic, ink and coating applications. Along with tires, carbon black is also used in everyday products such as hoses, conveyor belts, plastics, printing inks and automotive coatings. In addition, because carbon black has nanoparticles with numerous functions like ultra-violet absorption and conductivity, it is now being applied to new areas like electronic equipment and devices. Moreover, carbon black also offers enduring resistance, and hence it is employed as electronic equipment correlated material in several display components, magnetic recording materials, and OA rolls.
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 & Recent Development:
- April 17, 2023: With the starting of Phillips Carbon Black Ltd. (PCBL)’s new commercial production facility for carbon black in Tamil Nadu, the Indian market is all set to have an expanded supply of the product. The project will cost the company around INR 650 crores to manufacture 147,000 tonnes of Carbon Black annually. The company also installs an INR 150 crores worth 24-Megawatt captive power plant. There is also a greenfield project worth INR 800 crore, carried out by the subsidiary PCBL (TN) Ltd. The company is optimistic that after completing the first phase of the carbon black plant with a production output of 63,000 tonnes every year, it will be able to begin with its second phase of the complete 1,47,000-tonne-per-year project during the current financial year.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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Reference Link: https://researz.com/carbon-black-price-chart/
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