Carbon Black

Global carbon black industry likely to grow by 50% to $42 bn by 2032: APCBC

The global carbon black market is expected to grow by 50 per cent to touch USD 42 billion by 2032, industry body Asia-Pacific Carbon Black Confederation (APCBC) said on Wednesday. The carbon black industry is currently valued at around USD 28 billion, Amit Choudhary, Chairman International Advisory Committee, APCBC said in a statement. "The carbon black industry is expected to grow to USD 42 billion by 2032, offering substantial opportunities, particularly in the Asia-Pacific region, which remains a key driver of growth," he said. The global tyre industry is projected to invest USD 27.3 billion between 2023 and 2028, with India contributing USD 1 billion through new projects, Choudhary who is also the Executive Director of Himadri Speciality Chemical said. The global carbon black industry is entering a new phase, with accelerating demand in emerging markets like India and across the Asia Pacific region, he said noting India is also increasing its exports to the EU and North America

PCBL plans to acquire 100% in Aquapharm Chemicals for Rs 3,800 cr

Carbon black and speciality chemicals major PCBL Ltd on Tuesday announced plans to acquire 100 per cent in Aquapharm Chemicals Pvt Ltd (ACPL) for an aggregate consideration of Rs 3,800 crore. Subject to the agreed adjustment, the acquisition will be financed through a mix of internal accruals and external fundraising by the company and its associates, the company informed the bourses. This acquisition marks PCBL's foray into global speciality segments of water treatment chemicals and oil & gas chemicals, the company said. The transaction will be financed through a combination of internal accruals and external fund raise, it said. ACPL is a Pune-based globally top three leading specialty chemicals company, manufacturing and water treatment chemicals. The company has manufacturing facilities in India, the US, and Saudi Arabia. Overseas plants are being operated through subsidiaries. ACPL topline was Rs 2,045 crore and EBIDTA was Rs 417 crore in 2022-23. The transaction is subject t

Carbon black demand expected to grow at 5-6% on macroeconomic factors: PCBL

Phillips Carbon Black Ltd (PCBL) has projected that Indian carbon black demand will grow at a growth rate of 5-6 per cent, driven by the robust expansion of the tyre industry and favourable macroeconomic factors. The promising outlook for the Indian tyre industry, buoyed by increasing demand and reduced imports, is expected to have a positive impact on the carbon black sector. Carbon black is a key raw material in tyre manufacturing. A PCBL investor presentation on Monday highlighted several factors propelling the carbon black industry's growth, including the acceleration in economic activity, increased infrastructure spending, and the implementation of the vehicle scrappage policy. Additionally, import restrictions have resulted in reduced competition from imports, bolstering domestic tyre manufacturing. The Indian tyre industry is positioned for substantial growth in fiscal year 2024, with an estimated expansion of 8-9 per cent, it said. The presentation emphasised the need for

PCBL posts 4.9% fall in second-quarter profit on rise in total expenses

Indian carbon black maker PCBL Ltd reported a 4.9% fall in second-quarter profit on Wednesday, as higher costs offset robust sales of the tire strengthening material

Commerce min for extension of anti-dumping duty on carbon black

The move is with a view to guard domestic players from cheap imports

Crunch in carbon black supply forces unplanned shutdowns, says tyre makers

Domestic demand-supply gap in the key input, which was 14% in 2016-17 has gone up to 20% in 2017-18