CLEVELAND (April 30)—World consumption of carbon black is expected to rise 3 percent yearly to 8.2 million metric tons in 2004, according to data presented by Cleveland-based Freedonia Group Inc. According to the industrial marketing firm's "World Carbon Black" study, rising activity of specialty blacks largely will drive the gains, although demand for the material will be increasing from a small customer base. Growth in developing world regions will offset slower gains in developed countries, the study said, with Asian countries showing particularly robust rebounds after the major regional recession of 1998. The study cites several reasons for the growth in carbon black demand, including increased global industrial activity, bolstered tire production levels and greater output of original equipment and aftermarket automotive components. Information on the 305-page study—priced at $4,400—is available by contacting Freedonia Group by phone at 440-684-9600; fax at 440-646-0484; or e-mail at [email protected]
World carbon black consumption to reach 8.2 millions metric tons in 2004
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