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| Global Conductive Carbon Black Market |
The global Conductive Carbon Black Market is estimated to be valued at US$ 675.22 Mn 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 type of carbon black that provides electrical conductivity
to materials such as plastics, elastomers, and coatings. It has a pelleted or
granular form and features high electrical conductivity and UV resistance. The
usage of conductive carbon black enhances the physical as well as electrical
properties of the end products. It is finding increasing applications in
plastic applications for automotive parts, cables, wires, and tubes due to
properties like electrical conductivity, heat resistance, UV protection, and
electromagnetic interference shielding. Elastomeric applications include hoses,
belts, gaskets, o-rings, and seals. Some of the major advantages of conductive
carbon black include resistance to heat, moisture, weathering, and chemical
attack. The rising demand from end-use industries like automotive, packaging,
consumer goods, and others is expected to drive the growth of the global
conductive carbon black market over the forecast period.
Market Key Trends:
One of the key trends in the Global
Conductive Carbon Black Market is the shift towards light-weighting of
vehicles. With stricter emission norms, automakers are focusing on reducing the
overall weight of vehicles to improve fuel efficiency. Conductive carbon black
compounds are increasingly being used to manufacture lightweight components
like front-end modules, underbody shields, air ducts, instrument panels, among
others. Secondly, the demand for cable and wire applications is surging
significantly due to the rapid expansion of power transmission infrastructure
across the world. Conductive carbon black composites offer properties like high
conductivity, abrasion resistance and flame retardancy for applications in
power cables, telephone cables, robotic or motor cables, and others. Lastly, 3D
printing has emerged as a promising application area for conductive compounds.
Companies are developing conductive filaments and resins containing carbon
black for applications in printed electronics and sensors. This is expected to
open new growth avenues for conductive carbon black producers over the coming
years.
Porter’s Analysis
Threat of new entrants: High capital requirements and established supplier and
customer relationships act as a barrier for new players in this market.
Bargaining power of buyers: Buyers have moderate bargaining power due to
availability of alternatives and differentiated applications of conductive
carbon black.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to
availability of substitute materials and differentiated product segments.
Threat of new substitutes: Threat of new substitutes is low as conductive
carbon black offers unique properties that are difficult to replicate.
Competitive rivalry: High due to presence of numerous global and regional
players competing on pricing and product differentiation.
Key Takeaways
The global Conductive Carbon Black Market is expected to witness high growth,
exhibiting 7.4% CAGR over the forecast
period, due to increasing demand from battery and plastics industries. The
market size for 2023 is estimated to be US$
675.22 Mn.
Regional analysis: Asia Pacific dominates the global conductive carbon black
market and is expected to maintain its lead over the forecast period. This can
be attributed to presence of large manufacturing base and growing end-use
industries in countries such as China and India. North America and Europe are
other major markets driven by established automotive and plastics industry.
Key players: Key players operating in the conductive carbon black market
include 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., Longxing Chemical
Industry Co., Ltd., and Mitsubishi Chemical Corporation. These companies are
focusing on new product launches and expansion strategies to gain competitive
advantage.
Read More: https://www.ukwebwire.com/conductive-carbon-black-market-share/