Carbon Black Market 2022
The global conductive carbon black market is estimated to be valued at US$ 443.8 Mn as of 2022. Conductive carbon black sales are projected to increase at 7% CAGR and reach US$ 869.8 Mn by 2032. Impetus from plastics industry, high conductivity, and increasing demand for rubber products in automobile industry are key growth factors for the market. The market in Germany is set to expand at 6.4% CAGR through 2032.
Market growth is anticipated to be driven by rise in urbanization, growing construction sector, and growth in battery production. Use of conductive carbon black in rubber, plastics, and paints & coatings has been prominently driving the market since the last decade. However, conductive carbon black’s expanding application coupled with increasing demand from the lithium-ion battery and dry cell industry is anticipated to create lucrative opportunity for market players over the coming years.
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The COVID-19 pandemic negatively impacted global demand for conductive carbon black. Significant drop in the automotive, construction, and other industrial sectors hampered market growth in FY2020 and somewhat in FY2021. However, with increasing vaccination pace and decreasing COVID-19 cases coupled with government schemes, tax reliefs, and other initiatives to uplift the economy, the conductive carbon black is set to regain its path within the next few quarters.
Key Companies-
- AkzoNobel N.V.
- Orion Engineered Carbon
- Cabot Corporation
- Denka Company Ltd.
- Tokai Carbon Co. Ltd.
- Phillips Carbon Black Limited
- Imerys Graphite and Carbon
- Ampact Corporation
- Birla Carbon
- Asbury Corporation
- Penta Carbon GmbH
- Mitsubishi Chemical Corporation
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Key Takeaways from Market Study
- Global demand for conductive carbon black is forecasted to reach a value of US$ 869.8 Mn by the end of 2032.
- East Asia is anticipated to remain one of the key markets accounting for around 27% of the global market share.
- The battery electrode segment is anticipated to witness a CAGR of 7.8% over the decade.
- India is estimated to witness year-over-year growth of 6.7% in 2022.
- South Asia & Pacific to remain the fastest-growing regional market through 2032.
“Key market participants are focusing on strategic expansions to cope with increasing demand and achieve a more circular economic value chain,” says a Persistence Market Research analyst.
More Valuable Insights on Offer
Persistence Market Research, a research and consulting firm, has published a new market research report on the global conductive carbon black market that contains industry analysis of 2017–2021 and opportunity assessment for 2022–2032.
Key Segments Covered in Conductive Carbon Black Industry Research
Conductive Carbon Black Market by Application:
- Conductive Carbon Black for Plastics
- Conductive Carbon Black for Battery Electrodes
- Conductive Carbon Black for Paints & Coatings
- Conductive Carbon Black for Rubber
- Others
Conductive Carbon Black Market by Region:
- North America Conductive Carbon Black Market
- Latin America Conductive Carbon Black Market
- Europe Conductive Carbon Black Market
- East Asia Conductive Carbon Black Market
- South Asia & Pacific Conductive Carbon Black Market
- Middle East & Africa Conductive Carbon Black Market
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Key Questions Answered in Carbon Black Market Report –
- How much is the global market for conductive carbon black currently worth?
- What are the key growth factor driving demand for conductive carbon black?
- What are the growth estimates for the market till 2032?
- Which 5 countries/regions drive most demand for conductive carbon black?
- How is Germany faring in the European market for conductive carbon black?
- Which countries are major producers and exporters of conductive carbon black?
- What is the outlook for the market in Japan and S. Korea?
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