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Tire Industry Boosts Demand

10:05 AM MDT | July 11, 2007 | Kate Phillips

Global demand for carbon black is expected to grow 4.2%/year, to 11 million m.t., by 2011, says a recent study by The Freedonia Group (Cleveland). A healthy global rubber market will help drive demand, due to the majority of carbon black being used as a reinforcement in tires and other vulcanized rubber goods. In tire applications, carbon black demand is forecast to rise 4.2%/year, to 7.1 million m.t., by 2011, Freedonia says. The Asia/Pacific region, excluding Japan, will undergo the strongest gains in carbon black demand through 2011 (chart). China and India...

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