Conductive carbon black (CCB) is used in plastics as it reduces the risk of electrostatic discharge, particularly as an additive in polymer matrix. Conductive carbon is prominently consumed in electronic packaging, fuel tanks, wires, cables, and automotive parts. It protects electronic products from mechanical damage, and aids in their cooling and maintenance. Conductive carbon black enables polymers to be conductive at very low loading, leading to better mechanical property retention. Electrically conductive plastic is used in jacket coverings for high power transmission cables, and also for shielding sensitive electronic components.
Multiple Benefits Offered by CCB Boost its Usage in Electronics and Coatings
Conductive black carbon coatings are used to shield sensitive electronic components from electromagnetic and radio frequency interference from devices, and also from the surroundings. Coatings combined with conductive carbon black can be tinted in different colors. Coatings of different types such as acrylic and epoxy have prominent application in the automotive industry. Conductive carbon black is used in electrical components and appliances to enhance the electrical conductivity of the material. Increasing conductivity of the material improves its mechanical properties and strength. All these factors are projected to boost the growth of the conductive black carbon market over the coming years.
Sustained Demand on Account of Wide-ranging Applications in Automotive Industry
Conducting carbon black is a rubber reinforcing agent used in the manufacturing of a wide variety of rubber products, which are used in the automotive industry. Conductive carbon black is incorporated in shoe soles to lessen the impact of earthquake vibrations. Carbon black is incorporated in rubber materials as a filler, or a strengthening and reinforcing agent. It is used in innerliners and sidewalls for specific requirements. Conductive carbon black is used in automotive coatings due to its jetness and reliable tinting performance. Sustained demand for conductive rubber materials for such applications is projected to drive the growth of the conductive carbon black market during the forecast period.
Acquisitions and Mergers - Key Strategy for Manufacturers
Globally, manufacturers in the conductive carbon black market are focusing on establishing new branches, and are acquiring company shares and other manufacturing companies to meet the increased demand from various end-use industries. They are also focusing on expanding their foothold in local and regional market through expansions. Some of the key development activities undertaken by the leading stakeholders in the global conductive carbon black market are:
Conductive Carbon Black Market: Structure Analysis
The global conductive carbon black market has a fragmented market competition landscape, where manufactures are focusing on adopting alternative distribution channels, such as online, to further strengthen their market presence in regional as well as global markets. A majority of the key players are focusing on the acquisition of smaller players. Small-scale companies need to make significant investments in R&D to introduce new products and enhance their presence across the globe.
North America and Europe are expected to capture around two-third share of the global conductive carbon black market. Stakeholders can focus on these two regions over the forecast period to increase their prominence and profit margins. Manufacturers of conductive carbon black are focusing on collaborations and mergers for increasing their product portfolio and enhancing their supply chain.
Conductive Carbon Black Market: Scope of the Report
This study on the conductive carbon black market offers a ten-year forecast for the conductive carbon black market from 2019 to 2029. This study of the conductive carbon black market considers 2018 as the base year, with market values estimated for 2019, and forecasts developed for the duration of 2019 to 2029. The Compound Average Growth Rate (CAGR) in the conductive carbon black market study has been represented from 2019 to 2029.
This conductive carbon black market study covers various perspectives of the market, including market dynamics, value/supply chain analysis, competition analysis, segmental and regional growth comparison and macro-economic and industry growth analysis, along with segment-level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global conductive carbon black market is projected to grow at a CAGR of 5.8% from 2019 and 2029, in terms of value.
The PMR report on the conductive carbon black market carefully analyzes the market at a regional and global level through market segmentation on the basis of key parameters- application and region. This conductive carbon black market report is structured to facilitate the reader to develop a detailed understanding of the market. The conductive carbon black market report begins with the definition of the market, followed by the market background, market dynamics and analysis of the market by key segments, regional analysis of the market and competition landscape. Each section of the conductive carbon black market report includes a quantitative and qualitative assessment of the market on the basis of historical developments, facts and key opinions collected from various industry participants through dedicated interviews and trends in the market.
Conductive Carbon Black Market: Segmentation
The conductive carbon black market report begins with an introduction of the market, which includes the market taxonomy and product definition. In the following section, the conductive carbon black market report describes the market development background, covering industry factors and macroeconomic factors affecting the conductive carbon black market for the base year that has been considered for the study.
The next section of the conductive carbon black market report discusses the dynamics of the market such as drivers (demand and supply side), restraints, opportunities, and trends impacting the market growth at a global level. Market potential for manufacturers has been presented in the following section of the same chapter. This section also includes an assessment of the impact of market dynamics on the global conductive carbon black market.
Subsequent sections of the report provide value (US$ Mn) and volume (Consumption in Tons) projections for the conductive carbon black market on the basis of the above-mentioned segments at a global level. The values for the global market represented in these sections have been agglomerated by collecting data and information at the regional level.
All the above sections evaluate the present conductive carbon black market scenario and growth prospects in the global conductive carbon black market while the forecast presented in the sections assesses the market size in terms of volume and value.
Additionally, it is imperative to note that, in an inconsistent global economy, we not only conduct forecasts in terms of CAGR, but furthermore analyse the market on the basis of crucial parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the conductive carbon black market and identify the accurate opportunities available.
In order to understand the key market segments in terms of growth and demand for conductive carbon black across concerned regions, PMR has developed an attractiveness index, which will help providers identify real market opportunities.
Another significant feature of the conductive carbon black market report is the analysis of all the key segments, sub-segments and the regional adoption, and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as identify potential resources from a sales and delivery perspective in the conductive carbon black market.