September 26 news, recently, the 2024 China Carbon Black Annual Conference and Member Conference was successfully held in Jingdezhen, Jiangxi. At the meeting, Li Yi, Chairman of the Carbon Black Branch of China Rubber Industry Association and General Manager of Jiangxi Black Cat Carbon Black Co., Ltd., delivered a special report entitled "Analysis of the Economic Situation and Future Trend of the Carbon Black Industry."
The report pointed out that the carbon black industry has shown a steady development trend in recent years. According to the latest data from the Carbon Black Branch of China Rubber Industry Association, the total carbon black output in 2023 reached 6.26 million tons, an increase of 5.20% compared with 2022. This growth trend breaks the production stagnation in 2019-2020 in the early stages of the epidemic. After achieving a significant growth of 10.92% in 2021, although it has slowed down in 2022, it will return to the growth track again in 2023. Over the past five years, annual carbon black production has maintained steady and orderly growth.
According to the Carbon Black Industry Network, in the first half of 2024, the carbon black output of member companies of the China Rubber Association reached 2.78 million tons, a year-on-year increase of 6.58%. This growth rate is 1.38 percentage points higher than the whole of 2023. Many small and medium-sized enterprises have shown high growth rates, while the top ten companies in the industry still dominate, highlighting the high concentration of the carbon black industry. At the same time, it is worth noting that small businesses that fail to meet environmental protection standards have gradually withdrawn from the market.
However, the profit margin of carbon black sales revenue continues to rank at the bottom among many segments of the rubber industry, dragging down the overall development of the rubber industry. From the first half of 2024, the average profit margin of the rubber industry is 6.19%, while carbon black is only 0.61%, a large gap.
