he export volume of Sulphur Black 240% in China has far exceeded 32% of the domestic production, making China the largest exporter of sulfur black in the world. However, with the rapid expansion of production capacity, there has been an imbalance between supply and demand in the sulfur black market. In spite of this, in the past two years, new or expanded projects have been launched continuously.
Currently, the global sulfur black market is mainly dominated by China and India, while other countries and regions in the Asia-Pacific region, such as Japan, South Korea, Indonesia and Southeast Asia, will also play an important role in the near future. In addition, according to the report of QYResearch, the compound growth rate of the Chinese market will reach percent in the next six years, and the market size is expected to reach billion US dollars in 2028.
It should be pointed out that the competition in the international market is becoming increasingly fierce. For example, on September 30, 2022, the Ministry of Commerce and Industry of India announced that Atul Ltd. An application is submitted to initiate an anti-dumping investigation against sulfur black originating in or imported from China. This news has undoubtedly put pressure on China’s sulfur black exports. Therefore, in the future development of China’s sulfur black industry, we should not only expand production capacity, but also pay attention to preventing market risks and actively respond to international market competition.
Post time: Mar-25-2024