According to the analyst, Vietnam’s fast economic development and the rapid growth of its manufacturing sector have driven a continuous increase in the demand for carbon black, especially in sectors such as construction, automotive parts, electronics, and rubber products. However, due to the weak foundation of Vietnam’s carbon black industry and limited production capacity, the country’s carbon black demand largely depends on imports.
Based on data, Vietnam’s total carbon black imports reached USD $362 million in 2023. With even stronger demand expected in 2024, the cumulative value of carbon black imports from January to May has already approached USD $179 million, and further growth is projected in the coming years.
The analyst has analyzed that, Vietnam's main sources of carbon black imports include China, India, South Korea, Thailand, and Russia. Among these, China has become a key source for Vietnam’s carbon black imports because of its proximity, complete industrial supply chain, and high product cost-effectiveness. From 2021 to 2024, China, India, and South Korea were the top three sources of carbon black imports for Vietnam. Major companies exporting carbon black to Vietnam include PCBL LIMITED, SAILUN GROUP HONGKONG CO LIMITED, and BIRLA CARBON (THAILAND) PUBLIC CO LTD. Between 2021 and 2024, the main importers of carbon black in Vietnam were manufacturers in industries such as rubber and tire production, including companies like SAILUN (VIETNAM) CO LTD, KENDA RUBBER (VIETNAM) CO LTD, and KUMHO TIRE VIETNAM CO LTD.
Overall, the analyst forecasts that, as Vietnam’s economy continues to grow and its industries upgrade, the demand for carbon black in the country is expected to keep rising. Due to Vietnam’s limited domestic production capacity, which cannot meet market demand, carbon black imports are expected to increase steadily over the coming years.
Topics covered:
- The Import and Export of Carbon Black in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Carbon Black in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Carbon Black in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Carbon Black in Vietnam (2024)
- Total Import Value and Percentage Change of Carbon Black in Vietnam (2024)
- Average Import Price of Carbon Black in Vietnam (2021-2024)
- Top 10 Sources of Carbon Black Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Carbon Black in Vietnam and Their Supply Volume
- Top 10 Importers of Carbon Black in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Carbon Black in Vietnam
- How Foreign Enterprises Enter the Carbon Black Market of Vietnam
- Forecast for the Import of Carbon Black in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- Pcbl Limited
- Sailun Group Hongkong Co Limited
- Birla Carbon (Thailand) Public Co Ltd
- Sailun (Vietnam) Co Ltd
- Kenda Rubber (Vietnam) Co Ltd
- Kumho Tire Vietnam Co Ltd.
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | October 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 410 Million |
| Forecasted Market Value ( USD | $ 854.38 Million |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 6 |
