The Indian carbon black market is projected to grow at a CAGR of 8.78% by the end of 2026, according to the latest report from Research and Markets.
The report says that expanding manufacturing facilities of tyre manufacturing companies coupled with growing demand for tyres in automotive industries is anticipated to further drive leading tyre companies to expand their production bases and boost sales of carbon black in India in the coming years.
Implementation of anti-dumping duty on carbon black imports on offending countries by Government of India too would boost the carbon black market.
Carbon black is a pure form carbon majorly used as reinforcement filler in rubber goods, tyre, plastics and other products manufacturing industries.