As China's Carbon Black industry gradually enters a mature stage of development, the market concentration ratio is also increasing. Currently, the industry is dominated by foreign capital, private and state-owned or state-controlled market players, and the industry structure tends to be stable. At the same time, the country has introduced policies to accelerate the elimination of backward market capacity and optimize the development pattern of the carbon black industry.
1、 Competitive landscape of China's carbon black industry
1. Regional distribution
According to market research firm XYZ Reserach, due to the dependence of carbon black production on raw material supply, for production enterprises, choosing areas close to the origin of raw materials for layout can significantly reduce production costs. Therefore, the current carbon black market production capacity in China is showing a centralized distribution trend. By the end of 2021, the proportion of production capacity in East China and North China has exceeded 40%, 46% and 42% respectively; Secondly, the proportion of carbon black production capacity in Central China and Southwest China is 5% and 4%, respectively; The Northwest and South China regions account for 2% and 1% of the total carbon black production capacity, respectively.
2. Downstream application fields
At present, the downstream application fields of carbon black in China include industries such as automobiles, chemicals, and semiconductors. In the consumption structure of the carbon black industry, the automotive industry ranks first, accounting for about 90% of the total consumption of the carbon black market in 2021, followed by the chemical industry accounting for 8%, and other consumption fields accounting for a total of 2%.
3. Market share
Under the guidance of national policies, to a certain extent, accelerate the elimination of backward production capacity in the carbon black market, optimize the industry development pattern, and the carbon black industry's concentration ratio continues to increase. According to the industry analysis data of XYZ Reserach, by the end of 2021, Black Cat, Cabot and Jinneng Chemical will be among the top three in the domestic carbon black industry, with market shares of 15%, 10% and 6% respectively; Secondly, the production capacity of Shanxi Anlun and Yong'an Chemicals accounts for 5% and 4% respectively.
2、 Development Trends of China's Carbon Black Industry
1. Market demand continues to rise
With the continuous improvement of China's economic level and a significant increase in demand in various consumer markets, the consumption demand in industries such as rubber products, tires, and plastics will rapidly increase. Carbon black, as one of the important raw materials, will significantly drive the demand for carbon black in downstream application markets. In the short term, with the increasing market penetration rate in various fields, it will promote the rapid development of China's carbon black industry, It is expected that in the process of industry upgrading, the demand for carbon black market will maintain a steady growth trend.
2. Optimization of production structure
Against the backdrop of the implementation of China's "dual carbon" goals, various environmental policies have been introduced, and the country's efforts to reduce energy consumption and environmental protection are constantly strengthening. Carbon black, as one of the industries with high pollution and energy consumption, can cause certain pollution to the environment during the production process. Therefore, controlling pollution and energy conservation and emission reduction will be the main development direction of the carbon black industry in the future. For enterprises in the industry, Improving production level and optimizing production structure will become the direction of efforts.
3. Increase in market share of domestic manufacturers
At present, domestic enterprises led by Black Cat Co., Ltd. are accelerating their entry into the global market. While developing the domestic market, they are also actively expanding overseas markets. With the continuous improvement of their production level, many domestic manufacturers have an increasing proportion in the global market and are expected to seize more market share in the future.
