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.
Phillips Carbon Black Ltd (PCBL) projects that the demand for carbon black in India will grow at a rate of 5-6% due to the expansion of the tyre industry and favorable macroeconomic factors. The Indian tyre industry is expected to experience significant growth in the coming years, driven by increased demand, reduced imports, and government policies.