Global Carbon Black Demand to Rise 4.3% a Year till 2013
World carbon black demand is forecast to rise 4.3 per cent per year every year until 2013, according to research published by Bharat Books. The report suggests annual demand will reach 11.6 million metric tonnes in 2013 bolstered by a healthy global rubber market in the same period. 60 per cent of demand is said to come from tyre applications. Carbon black demand from the tyre sector is projected to increase 3.7 per cent a year through 2013 to 6.9 million metric tonnes.
The Asia/Pacific region excluding Japan is expected to post the strongest gains in carbon black demand, with China and India predicted to post “particularly impressive gains due to a continuing rapid expansion in their respective motor vehicle and tyre industries.” China and India saw the largest increases in new carbon black capacity among all countries of the world over the 2003 to 2008 period, a trend that the report says will continue through to 2013. Carbon black demand in Western Europe “will recover from recent declines, but growth will continue to significantly lag the global average,” according to the analysis.
Looking forward, North America and Western Europe, which produced 48 per cent of the world’s carbon black in 1998, will account for just 23 per cent of global output in 2013, the report says, adding: “the Asia/ Pacific region, which produced 36 per cent of the world’s carbon black in 1998, will account for a 57 per cent share in 2013.”