Market size and future development trend of China's carbon black industry

April 13, 2023

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The Chinese Carbon Black industry is an industry that integrates production, sales, research and development, and technical services. It mainly produces products such as vinyl carbon black, polyethylene carbon black, Iron Oxide carbon black, and alumina carbon black. The development of China's carbon black industry has always been supported by the government and related industries, and its market size and future development trends are also of great concern.

The market size of China's carbon black industry was approximately 665 billion yuan in 2017, and it is expected to reach 950 billion yuan by 2023, with a growth rate of over 6%. Due to fierce competition and high price pressure in the carbon black market, major enterprises invest less and develop slowly, but their market size will still have a certain growth and will continue to maintain a sustained growth trend in the coming years.

With the continuous support of government policies, the development of China's carbon black industry will further accelerate and the market size will further expand. The government will continue to strengthen industry management, increase industry supervision, and promote technological innovation to make the industry more healthy and stable in the future. At the same time, the government will also support enterprises in developing new products, conducting research and development of new technologies, elevating technology to international levels, and playing an important role in improving enterprises' technological innovation capabilities.

In addition, the development of China's carbon black industry will also be influenced by the international market, so Chinese enterprises will also focus on the international market, utilize mature technologies from foreign markets, and improve their comprehensive strength. At the same time, Chinese enterprises will actively participate in the competition in the international carbon black industry, focusing on expanding the international market and improving their competitiveness.

In summary, the market size and future development trend of China's carbon black industry will be influenced by government policy support, enterprise technological innovation, and international market development, and will continue to maintain a sustained growth trend in the coming years.

Author:

Ms. Yolanda

E-mail:

info@jinhetec.com

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+86 13298161700