Market Demand - The demand for N121 carbon black is increasing due to its essential role as an industrial raw material, particularly in industries such as rubber, plastics, and coatings [2] - The rise of new industries, including electric vehicles and renewable energy, is significantly driving the demand for N121 carbon black, contributing to price increases [2] Supply Factors - The supply of N121 carbon black is concentrated among a few large companies, leading to limited availability and a tight market [2] - The production capacity and technological capabilities of established chemical companies play a crucial role in determining the supply of high-quality N121 carbon black [2] - The presence of technological barriers makes it difficult for new suppliers to enter the market, further constraining supply and pushing prices higher [2] External Influences - International trade policies and environmental regulations can impact the price of N121 carbon black by affecting import and export dynamics, thus influencing supply and demand relationships [3] - Stricter environmental regulations increase production costs for carbon black manufacturers, indirectly raising the market price of N121 carbon black [3] Market Competition - The competitive landscape of the N121 carbon black market, including the number of suppliers and market share distribution, directly affects pricing [3] - Market monopolies can lead to higher prices, while intense competition may pressure suppliers to lower prices to gain market share [3]