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Conductive Carbon Black Market size is predicted to reach $711.4 million by 2030, growing at a CAGR of 6.1% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. The growth of Plastic is analyzed to witness significant growth during the forecast period. Increased demand for and the use of Conductive carbon black in the automotive sector are some of the major Conductive Carbon Black Market trends in the industry which will create growth opportunities for the market during the forecast period. finds IndustryARC in its recent report, titled “Conductive Carbon Black Market Size, Share & Trends Analysis Report By Type of Conductivity (Electrically Conductive Carbon Black, Thermally Conductive Carbon Black), By Application (Plastics/Compounds, Adhesives/Sealants, Coatings and Paints, Inks, Energy Storage, Rubber, Others), By End-Use Industry (Automotive, Aerospace & Défense, Electrical& Electronics, Industrial, Consumer Goods, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030
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Asia-Pacific to Register Highest Growth:
Geographically, in the global Conductive Carbon Black Market share, Asia-Pacific is analyzed to grow with the highest CAGR of 7.8% during the forecast period 2023-2030. Asia Pacific is anticipated to witness the highest growth in the conductive carbon black market. The growth is attributed to the rising adoption of the product in the manufacture of plastics. The Asia-Pacific region is a major hub for automobile manufacturing and sales. Conductive carbon black is used in various automotive components, such as tires, belts, and hoses, for its conductive and anti-static properties.
Conductive Carbon Black Market 2023-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2030 |
|
CAGR |
6.1% |
|
Market Size in 2030 |
$711.4 million |
|
Segments Covered |
Type of Conductivity, Application, End User Industry |
|
Geographies Covered |
North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
1. Cabot Corporation 2. Orion Engineered Carbons S.A. 3. Birla Carbon 4. Sid Richardson Carbon & Energy Co 5. Phillips Carbon Black Limited 6. Mitsubishi Chemical Corporation. 7. Imerys Graphite & Carbon Ltd. 8. Denka Co., Ltd. 9. Akzo Nobel NV 10. Ampacet Corporation |
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Conductive Carbon Black Market Report – Key Takeaways:
Rising Demand for Conductive Carbon in the Automotive Industry
The demand for conductive carbon black is experiencing robust growth across multiple industries. In the automotive sector, there is a burgeoning need for this material, driven by its versatile applications in areas such as EMI shielding and anti-static components. Simultaneously, the production of electronic devices is witnessing an upsurge, leading to increased incorporation of conductive carbon black in electronic components and coatings. This demand extends further into the construction industry, where conductive carbon black finds diverse applications. Additionally, the energy sector is embracing conductive carbon black for its role in producing conductive polymers, essential for solar cells, batteries, and fuel cells
Increasing uses of conductive carbon black in plastic application
The growth of Plastic is analyzed to witness significant growth during the forecast period 2023-2030. The rising demand for conductive carbon black from plastic will propel the market growth. As a conductive carbon black utilized in the production of a variety of plastic products such as films, pipes, photographic containers, and industrial Bags.The carbon black market plays a vital role within the plastic polymers industry, largely due to its remarkable properties. Carbon black is sought after for its capacity to bestow plastic materials with attributes like color, opacity, electrical conductivity, and safeguarding against UV degradation. This has resulted in an extensive integration of carbon black across various plastic segments, encompassing molding, film production, pipe manufacturing, fiber production, and cable production. As a consequence of this increasing utilization across multiple plastic applications, the global carbon black market size is on a growth trajectory
Silica and Silicone impede the market growth
The conductive carbon black industry faces several challenges, Silica and silicones are emerging as viable carbon black alternatives due to their superior performance and environment friendly nature as compared to carbon black. Conductive carbon black, on the other hand, is likely to encounter competition from other choices. For example, bio-based lignin has the potential to replace conductive carbon black obtained from fossil fuels.
Harmful Impact of Hazardous Emissions of gases to impede market growth
During the manufacturing process of carbon black, the emission of hazardous gases like carbon dioxide, nitrogen oxide, sulfur dioxide, carbon monoxide, and particulates poses significant challenge. These emissions act as a major restraint on the market’s growth. According to the World Health Organization (WHO), about 7 million people die each year as a result of breathing dirty air. This factor impedes the Conductive Carbon Black Market Growth.
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Key Opportunity Analysis:
Increasing demand for conductive carbon black in the energy
Conductive carbon black is known for its high electrical conductivity. This property makes it an excellent candidate for applications where the efficient conduction of electrical charges is crucial. In the energy sector, conductive materials are essential for ensuring the safe and reliable transmission and distribution of electricity. In energy-related facilities, such as power plants and substations, static electricity accumulation can lead to equipment malfunction or even hazardous conditions. Conductive carbon black can help mitigate these risks. In the energy sector, various electronic and electrical equipment require protection from electromagnetic interference (EMI). Conductive carbon black can be integrated into coatings and materials to provide effective electromagnetic shielding, preventing unwanted interference that could disrupt the functioning of sensitive equipment.
Rising demand for Conductive Carbon Black from the electronics and electric vehicle (EV) industries
One of the primary prospects within the conductive carbon black market is closely tied to the exponential expansion observed in the electronics and electric vehicle domains. Conductive carbon black is used in lithium-ion battery electrodes to improve the electrical conductivity of cathode and anode materials, resulting in enhanced energy storage, faster charging, and overall battery performance. Conductive carbon black is used in printed electronics to create conductive traces and components on flexible substrates, allowing for the production of flexible displays, RFID tags, sensors, and more.
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The Report also Covers the Following Areas:
Conductive Carbon Black Market Size and Forecast
Conductive Carbon Black Market Trends
Conductive Carbon Black Market Analysis
Conductive Carbon Black Market 2023-2030: Key Highlights
CAGR of the market during the forecast period 2023-2030
Value Chain Analysis of key stakeholders
Detailed analysis of market drivers and opportunities during the forecast period
Conductive Carbon Black Market size estimation and forecast
Analysis and predictions on end users’ behavior and upcoming trends
Competitive landscape and Vendor market analysis including offerings, developments, and financials
Comprehensive analysis of challenges and constraints in the Conductive Carbon Black Market
Covid and Ukrainian Crisis Impact:
The Covid-19pandemic has impacted the global economy directly affecting the supply chain across the globe and shutting down the production facilities to minimize the risk of virus spread. Currently, due to the COVID-19 pandemic, the core industries such as the construction and transportation sectors have been highly impacted. According to the automotive industry association’s September 2021 outlook, there has been a 7.7% decline in the production of commercial vehicles and a 24.7% decline in motor vehicles as compared to the September 2020 outlook. There has been a sharp decline in the revenue of the different industries. The government and private sectors are taking necessary action to recover the loss of different industries which will help in the growth of the Specialty Carbon Black market.
The conflict between Russia and Ukraine could lead to Geopolitical tensions and crises can lead to uncertainties in global markets. Businesses might adopt a cautious approach, delaying investments and affecting demand for materials like conductive carbon black. This would also affect the market sentiment investor and consumer sentiment can be affected by geopolitical crises. Uncertainty can lead to reduced consumer spending and delayed investment decisions, potentially impacting the demand for products that use conductive carbon black.
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The key companies profiled in the Conductive Carbon Black Market Report are listed below:
Cabot Corporation
Orion Engineered Carbons S.A.
Birla Carbon
Sid Richardson Carbon & Energy Co
Phillips Carbon Black Limited
Mitsubishi Chemical Corporation
Imerys Graphite & Carbon Ltd.
Denka Co., Ltd.
Akzo Nobel NV
Amoacet Corporation
Asbury Carbons
Imerys Groups
Shandong Huibaichuan New Materials Co., Ltd.
Liaoning EO Technology Co., Ltd.
Suzhou Baohua Carbon Black Co., Ltd.
Global Carbon Black Market –The Global Carbon Black Market size is projected to grow at a CAGR of 3.2 % from 2022 to 2027, Owing to the growth of the automotive industry in APAC countries such as China, India, and Indonesia, the carbon black market is observing lucrative prospects in the region
Specialty Carbon Black Market– The Specialty Carbon Black Market size is projected to grow at a CAGR of 4.1% during the forecast period from 2022 to 2027. It due to owing to the growing demand for coatings, plastics, toners, and printing inks in various end-use industries like transportation, constructionand others.
Carbon Fiber Reinforced Plastic Market -The Carbon Fiber Reinforced Market size is growing at a CAGR of 4.2% during the forecast period. The demand for CFRTP is growing in the automotive industry due to its applicability as an alternative to metals in automotive vehicles, thereby acting as a driving factor in the carbon fiber-reinforced thermoplastics market.
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