The conductive carbon black market is estimated to be valued at US$ 675.22 Mn or billion in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Conductive carbon black is a fine black powder made of amorphous carbon that has applications in various industries such as batteries, paints & coatings, plastics, rubber and others due to its ability to conduct electricity. The product provides anti-static properties, aid in dissipating static electricity, protection from lightning strikes, prevents damage from electrostatic discharge and finds extensive use as additives in tires, plastics and engineering resins.
Market Dynamics:
The conductive carbon black market is forecast to witness significant growth over the coming years owing to two major drivers - firstly, conductive carbon black is largely used in the automotive industry as an additive in tires, hoses and belts to provide conductivity. With rising vehicle production across the globe particularly in Asia Pacific, demand from the automotive sector will bolster market growth. Secondly, conductive carbon black industry is poised to expand rapidly as the product finds increasing usage in lithium-ion batteries as a key component in the anode and cathode. Batteries based on conductive carbon black offer increased conductivity, longer life and better cycling performance.
Segment Analysis
The Global Conductive Carbon Black Market is dominated by the polymer segment which holds around 35% share. This is because conductive carbon black exhibits superior conductivity which makes it ideal for applications involving conductive plastics and rubber. It helps impart electrical conductivity and protects against electrostatic discharge.
PEST Analysis
Political: Regulations promoting usage of conductive materials in electronics and automotive industries will boost market growth.
Economic: Expansion of end-use industries especially automotive and electronics will drive market revenues owing to high demand.
Social: Growing sales of consumer electronics and electric vehicles indicate rising acceptability of conducting materials.
Technological: Developments towards improving dispersability and conductivity of carbon blacks through surface modifications will support market trends.
Key Takeaways
The global conductive carbon black market is expected to witness high growth, exhibiting CAGR of 7.4% over the forecast period, due to increasing demand from the automotive industry for applications such as EB components, PCBs, and sensors. The Asia Pacific region is projected to dominate the global market owing to presence of major automobile manufacturers in countries like China and India.
Regional analysis: The Asia Pacific region is projected to dominate the global conductive carbon black market over the forecast period. This is attributed to rapid growth of the automotive industry in emerging economies of China and India. These countries have witnessed significant investments towards the manufacturing of electric vehicles which uses conductive carbon black.
Key players: Key players operating in the conductive carbon black market are Thai Carbon Black Public Company Limited/Birla Carbon, Cabot Corporation, Orion Engineered Carbons SA Group, Phillips Carbon Black Limited, Tokai Carbon Co., Ltd., Omsk Carbon Group, Jiangxi Blackcat Carbon Black Inc., Ltd., OCI COMPANY Ltd., Himadri Speciality Chemical Ltd., and Mitsubishi Chemical Corporation.
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Conductive Carbon Black Market:WiseGuyReports.com adds “Global Conductive Carbon Black Market Research Report 2020 Analysis and Forecast 2026” reports to its database.Executive SummaryGlobal Conductive Carbon Black Market is valued approximately at USD 136.36 million in 2019 and is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period 2020-2026.
Additionally, growth in research and development activities by market players to attain desirable characteristics of conductive carbon black material according to need of diverse end-user industries are likely to boost the growth of the market in the coming future.
However, high cost associated with the conductive carbon black than conventional carbon black and presence of alternative such as silica, are expected to hamper the market growth.
Both these factors are expected to fuel the growth of the black carbon conductive industry in the coming years.
For instance, in 2019, Tokai Carbon, along with its affiliates COBEX Polka sp., COBEX Shanghai Ltd. and COBEX GmbH, successfully purchased 100 per cent shares of COBEX Holdco GmbH.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5278119-global-conductive-carbon-black-market-size-study-byThe regional analysis of CNC Milling Machines market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.
In Asia Pacific and Latin America, the conductive carbon black industries are spending heavily in research and growth.
