Burlingame, Sept. 08, 2023 (GLOBE NEWSWIRE) -- The global Conductive Carbon Black Market size was valued at $628.7 Million in 2022, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2022 to 2030, according to a new study conducted by Coherent Market Insights, Inc. Conductive carbon black is a powdered form of carbon mainly composed of elemental carbon. It is used for enhancing electrical conductivity in different materials. Conductive carbon black is used as a filler in plastic and rubber compounds, and also in coatings and inks for improving the electrical conductivity. It is also used to offer anti-static properties.
Key Industry Insights & Findings from the report:
In May 2020, Orion Engineered Carbons S.A. announced to have commenced a novel logistics center at company’s biggest manufacturing plant in Germany. With this new facility, Orion is likely to boost its business in Europe.
Global conductive carbon black market is expected to exhibit a CAGR of 7.4% during the forecast period. The conductive carbon black market is growing rapidly in response to the increasing demand for conductive carbon black from plastic due to its thermal conductivity, antistatic properties, and high strength.
On the basis of Application, Paints & Coatings Segment is expected to dominate the market during the forecast period and this is attributed to the increasing growth of paints and coatings industry and increasing adoption of conductive carbon black due to its lucrative properties.
On the basis of Geography, Asia Pacific is expected to hold a dominant position over the forecast period, due to rise in adoption of conductive carbon black in for manufacturing of plastics in the region.
Key players operating in the global conductive carbon black market include Phillips Carbon Black Limited, AkzoNobel N.V., Tokai Carbon Co. Ltd, Orion Engineered Carbons, Denka Company Limited, and Cabot Corporation
Read full market research report, "Conductive Carbon Black Market, By Application (Plastics, Battery Electrodes, Paints & Coatings, Rubber, Other and by Geography, Market Size & Share Analysis - Growth Trends & Forecasts, 2022-2030", published by Coherent Market Insights.
Conductive Carbon Black Market Scope:
| Report Coverage | Details | |
| Forecast Period | 2023-2030 | |
| Forecast Period 2023 to 2030 CAGR | 7.4% | |
| 2030 Value Projection | USD 1,113 million | |
| Base Year | 2022 | |
| Market Size in 2022 | USD 628.7 million | |
| Historical Data for | 2018-2021 | |
| No. of Pages | 120 | |
| Segments covered | By Application, End-user, and Region | |
Key Trends and Analysis of the Global Conductive Carbon Black Market:
Changing focus of carbon black companies for converting their production lines of carbon black to specialty carbon blacks is a major trend expected to boost growth of the global conductive carbon black market over the forecast period. This changing focus aims at increasing profit margins and expanding scope of applications for specialty carbon blacks. Thus this trend is likely to continue in the market over the forecast future.
Market Drivers:
Increasing demand for consumer electronics to boost the market growth
The demand for consumer electronics is increasing, as a result demand for conductive carbon black is increasing for enhancing the electrical conductivity of these devices. As per the Indian Brand Equity Foundation (IBEF), the appliance and consumer electronics industry of India reached US$31.38 billion in 2017, and is likely to reach US$48.37 billion in 2022. Thus, growth of this industry is likely to boost the market growth in the coming future.
Rise in demand from the automotive industry to fuel the market growth
The demand for conductive carbon black is increasing from automotive industry for manufacturing of tires and other accessories made from rubber. As per the European Automobile Manufacturers Association (ACEA) June 2019 report, in 2018, the production of motor vehicles was 98.1 million across the globe and the production of passenger cars was more than 80 million globally. With increasing growth of automotive industry, the demand for conductive carbon black is increasing rapidly, which in turn is expected to boost the market growth in the near future.
Market Restrain:
Toxicity related to conductive carbon blacks to obstruct the market growth
Conductive carbon blacks possess carcinogens properties due to which it causes toxicity issues. Prolong exposure to this matter can result into irritation in respiratory tract. Thus, due to these side effects of conductive carbon black, its adoption is limited. This factor is further expected to hinder growth of the global conductive carbon black market over the forecast period.
Market Opportunities:
Increasing number of manufacturers focusing in carbon black recovery for production of tires is likely to generate growth opportunities in the global conductive carbon black market in the near future. Manufacturers are exploring affordable ways to recover and reuse carbon black for promoting sustainability. As a result, the conductive carbon black market is likely to witness multiple opportunities in the coming future.
Detailed Segmentation:
- Global Conductive Carbon Black Market, By Application:
- Plastics
- Battery Electrodes
- Paints & Coatings
- Rubber
- Other Applications
- Global Conductive Carbon Black Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- Italy
- U.K.
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- Australia
- India
- ASEAN
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
Company Profiles:
- AkzoNobel N.V.
- Orion Engineered Carbons
- Cabot Corporation
- Denka Company Limited
- Tokai Carbon Co. Ltd
- Phillips Carbon Black Limited
Related Market Intelligence Reports:
Dutch Brick Market, By Type of Bricks (Clay Bricks, Concrete Bricks, Engineered Bricks), By Application (Residential Construction, Commercial Construction, Infrastructure), By Size (Standard Bricks, Special Bricks), By End User Industries and by Geography, Market Size & Share Analysis - Growth Trends & Forecasts, 2022-2030
Schmallenberg Virus Treatment Market, By Treatment Type (Supportive Care, Vector Control, Preventive Measures), By Animal Type (Cattle, Sheep, Goats), By Research and Development (Vaccine Development, Antiviral Drugs), By Zoonotic Concerns (Animal to Human Transmission) and by Geography, Market Size & Share Analysis - Growth Trends & Forecasts, 2022-2030
Foam Core Acrylic Market, By Product Type (Foam Core Acrylic Sheets, Foam Core Acrylic Blocks, Foam Core Acrylic Tubes, Others), By End User Industry (Construction & Architecture, Signage & Graphics, Transportation, Industrial, Retail & Advertising, Others), By Distribution Channel (Direct Sales (Manufacturer to Customer), Distributors & Wholesalers, Online Retailers, Specialty Stores, Others) and by Geography, Market Size & Share Analysis - Growth Trends & Forecasts, 2022-2030
Browse through Coherent Market Insights Advanced Materials Research Reports.
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
