Overview of the development of China's carbon black industry in 2023

February 24, 2023

Carbon Black 4 Jpg

The demand for Carbon Black for tyres accounts for more than 65%

The function of adding carbon black in rubber tire is to increase the strength and wear resistance of rubber. The strength of rubber without reinforcement is very low, and carbon black is a good reinforcing agent.

In 2021, both China's tire industry and carbon black industry will shift from a high-speed growth stage to a high-quality development stage. With the increasing constraints of resources and environment on the industry, the development of the industry is full of complexity and uncertainty, and also faces more opportunities and challenges. Carbon black is one of the important raw materials in the tire manufacturing industry, accounting for 24% of the cost in the radial tire, and the demand for the main use of carbon black from the tire accounts for more than 65%. The supply of carbon black directly affects the cost of tire production, thus affecting the profitability of the tire manufacturing enterprises.

The capacity of carbon black is close to 9 million tons, and the output is about 5.2 million tons

In 2011-2011, China's new production capacity will continue to rise, with a compound annual growth rate of 4.04%. At present, China's carbon black industry is facing overcapacity, low industry profits, disorderly market competition and severe export situation. In 2021, the capacity utilization rate of China's carbon black industry will be 59.84%, with a capacity of 8.95 million tons; In 2021, the output of carbon black will be 5.188 million tons, up 8.09% year on year.

The export of carbon black increased significantly, while the import continued to decline

China's carbon black demand fluctuated from 2015 to 2021. In 2021, China's carbon black industry imported 102000 tons, a year-on-year increase of 17.24%; Exports reached 721500 tons, up 8.99% year on year.

From January to November, 2022, China's total carbon black exports totaled 757600 tons, up 14.7% year on year; The total import of carbon black was 83300 tons, down 11.5% year on year.

Carbon black market scale is about 63 billion yuan

According to the estimation of China's carbon black production and import and export situation, China's apparent demand for carbon black continued to increase in 2016-2019, and fell for the first time in nearly six years in 2020. The compound growth rate of China's carbon black market was 5.46% in 2016-2021, and the market size of China's carbon black industry was about 63 billion yuan in 2021.

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