Conductive Carbon Black Market

Global Conductive Carbon Black Market Snapshot

[203 Pages Report] Persistence Market Research has conducted a new survey of global conductive carbon black market for the forecast period of 2023 to 2033. According to the survey the market depicts high growth prospects with a Compound Annual Growth Rate (CGAR) of 7.0% throughout the assessment period. Increasing demand from the application segments and expansion of production capacities from the manufacturers are anticipated to support the market growth. In 2023, the global conductive carbon black market is expected to top a valuation of US$ 472.6 Million.

Carbon black, a pure form of carbon, is one of the most valuable compounds produced on a global scale. It is primarily utilized as a reinforcing agent in the manufacturing of rubber. Carbon black is also used in paints, pigments, varnishes, polymers, and printing inks for its electrical conductivity. One or more of the physical properties of carbon black that helps polymers preserve includes tensile strength, durability, and resistance to abrasion, corrosion, and friction. When a polymer matrix is present, carbon black creates a conductive network. Conductive carbon black is also utilized in the electronics sector since it increases the conductivity of electrical equipment.

Historical (2018 to 2022) Vs. Forecast (2023 to 2033) Market Outlook

During the historical period of 2018 to 2022, the conductive carbon black market grew at a CAGR of 3.9%. The sluggish growth rate is linked to the impact of Covid-19 in 2020, when demand for conductive carbon black was reduced, manufacturing plants were closed, and supply systems were disrupted.

The demand for conductive carbon black hikes soon after the pandemic as the global economy showed a rebound from the Covid impact and demand from end-use industries such as automotive, construction, and paints and coatings. The global conductive carbon black market is anticipated to reach a valuation of US$ 929.7 million by the end of 2023 and is likely to represent pre-pandemic growth rate of about 7.0% throughout the forecast period.

Market Dynamics

How are conductive properties of carbon black are thriving the market growth?

The ability of conductive carbon black to disclose desirable conductivity at low concentrations separates it from conventional carbon black and promotes its use in a broader range of applications and products. Because of its high conductivity, conductive carbon black is used in electrical wire shielding and other similar applications. These applications are primarily driving the conductive carbon black market.

The compressed and molded form of conductive carbon composites are used to produce conductive filler CB and thermoplastic polyvinyl chlorides. This expands the application of conductive carbon in a variety of applications, including electromagnetic interference shielding materials, semiconductors, pressure sensors, self-regulated heating materials, batteries, and antistatic coatings. The growth of these application segments and their respective industries is anticipated to bolster the demand prospects for conductive carbon black market.

How can research and innovations fetch lucrative opportunities in conductive carbon black market?

Conductive carbon brings in a lot of applications not only in electronics industry but also in automotive, healthcare, plastics, and paints and coatings industries. Manufactures are focused on identifying new grades of conductive carbon while end-users are innovating to identify new application for the same. For instance, companies producing conductive carbon black are focused on the significant potential in tire recovery, which might eventually result in the recovery of carbon black, as well as oil and steel, from tires. Players in the conductive carbon black market might investigate low-cost techniques of recovering and reusing carbon black. Such research and innovations in the market are anticipated to produce significant opportunities for conductive carbon in automotive tire applications.

Similarly, carbon nanotube research for usage in conjunction with conductive carbon black is gaining traction in the recent years. This combination is being pursued as it has higher electrode conductivity than other formulations. These innovations can further flourish the market in electrode applications.

Which factors can hamper the growth of the Conductive Carbon Black Market?

Silica and silicones are emerging as viable carbon black alternatives due to their superior performance and environmentally friendly nature as compared to carbon black. Conducive 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. When evaluated, ball milled lignin has an 82% larger surface area and 36% higher conductivity than conductive carbon black.

Conductive carbon blacks are potentially carcinogenic carbon blacks. When exposed for an extended period of time, they irritate the respiratory tract. Carbon black has an exposure limit of 3.5 milligrams per cubic meter of air. These are some of the key retarding factors for the usage of conductive carbon black on broader scales.

Category-wise Analysis

Why do plastic segment dominate the consumption in conductive carbon black market?

“Diverse application of conductive carbon black in plastics to lead the market by consumption”

On the basis of application, the plastics segment is envisaged to account for the leading share of the market. In multiple end-use industries conductive carbon black is used in a wide range of plastic parts, such as fuel injection systems and gasoline tank inlets, as well as electrostatically paintable parts. Because of its properties such as static charge generation and UV resistance, conductive carbon black is employed in the automotive industry. It is also used in carrier boxes, tapes, and trays, which all convey electrical constituents. Conductive carbon black is used in antistatic and conductive films, packaging films, and garbage bags. Conductive carbon black is used in wires and cables for electrostatic dissipation and insulation shielding because it gives high conductivity to plastics. Considering the wide scope of application of conductive carbon black in plastics, it is anticipated to remain a leading consumer of conductive carbon in the assessment period.

Country-wise Insights

What are the future prospects for conductive carbon black market in the U.S.?

“U.S. to have favorable growth prospects for conductive carbon black market”

According to the persistence market research, U.S. is expected to hold a dominant share in the north American market, whereas, the collective sales of conductive carbon in the U.S. are likely to make up for greater than one-fifth of the global market share in 2023.

In FY2022, conductive carbon black prices increased significantly. Semiconductor shortages wreaked havoc on the automotive sector, as did an increase in carbon black product pricing by significant manufacturers across North America due to increasing operational costs, which were exacerbated by the installation of emission control systems at production plants.

The prediction for the United States, on the other hand, remains favorable due to increased construction industry investments, increased battery manufacturing, and other variables that will offer lucrative prospects for conductive carbon black manufacturers.

How is China posed in the global conductive carbon black market?

“China to remain a dominant player across the east Asia and global conductive carbon black market”

In the global conductive carbon black market, China is expected to rank at second position by market value. Presence of large scale manufacturers and their wide spread supply chain network across the globe makes China a leading exporter of conductive carbon black materials. In 2022, the country accounted for around 47% of the total revenue of conductive carbon black market generated in East Asia region.

In recent years, however, the China conductive carbon black market has seen varied sentiments. Slowing growth in the automotive and construction industries, rising production costs, freight costs, and logistical challenges, as well as limited product supply following multiple plant shutdowns by domestic manufacturers, have all hampered market progress. Although, owing to the strong footholds of the country in the conductive carbon market, China is expected to bounce-back with the rising demand for conductive carbon from different segments.

Which country is leading the market of conductive carbon black in Europe?

“Germany hold leading share in European conductive carbon black market”

In the European region, Germany is one the key countries for conductive carbon black market. The presence of multiple end-use industries and their soaring demand for conductive carbon black is expected to flourish the market during forecast period. The country is expected to provide significant absolute dollar opportunity during the period 2023 to 2033.

Competitive Landscape

The global conductive carbon black market is moderately consolidated, in which the top 4-5 key players account for around ~50-55% of the market share and technological innovation is prominently led by top players in the market. Globally, conductive carbon black manufacturers are focusing on establishing new branches, and are acquiring other manufacturing companies to meet the demand from several end-use industries. Along with this, they are also focusing on expanding their foothold in the local and regional markets through expansions.

A few key developments in the market are listed below:

• In Aug 2021, Orion Engineered Carbon began the construction of its second plant in China for specialty carbon black and high-performance carbon black, thus expanding its production capacity. The new plant is expected to have production capacity of 65-70 kilo tons per year.
• In Oct 2022, Imerys Graphite and Carbon has expanded its presence in India by opening a new plant in Andhra Pradesh to serve domestic customers.

Similarly, more developments related to companies manufacturing Conductive Carbon Black have been tracked by the team at Persistence Market Research, which is available in the full report.

Scope of Report

Conductive Carbon Black Market Segmentation

By Application:

• Plastics
• Battery Electrodes
• Paints and Coatings
• Rubber
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

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