Conductive Carbon Black Market

Market Study on Conductive Carbon Black: High Application in Battery Electrodes Catalyzing Market Growth

Conductive Carbon Black Market Segmented in Plastics, Battery, Electrodes, Paints and Coatings, Rubbers Application

Conductive Carbon Black Market Outlook (2022-2032)

Newly-released data on the global conductive carbon black market reveals that the market was valued at US$ 417.7 Mn in 2021, and is predicted to expand at a high CAGR of 7% to reach US$ 869.8 Mn by the end of 2032.

Base Year Value (2021A)

US$ 417.7 Mn

Projected Year Value (2032F)

US$ 869.8 Mn

Value CAGR (2022-2032)

7%

Collective Value Share: Top 3 Countries (2022E)

38.4%

As per Persistence Market Research, global sales of conductive carbon black are expected to reach 84,917 tons by the end of 2022, registering Y-o-Y growth of approximately 6.3%. As of 2021, battery electrodes comprise between 20% and 22% of the global conductive carbon black market value, and are projected to register a growth rate of around 7.8% during the projection period of 2022 to 2032.

Conductive carbon black holds approximately 8% to 14% share of the global speciality carbon black market. East Asia is anticipated to remain a prominent regional market for the conductive carbon black business, and is estimated to expand at a CAGR of 7.2% through 2032.

Find Out More about the Report Coverage

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

Conductive Carbon Black Consumption Analysis from 2017 to 2021 Vs Market Outlook for 2022 to 2032

Revenue from conductive carbon black from application in plastics, battery electrodes, paints & coatings, rubber, and others (which include metallurgy, adhesives, sealants, paper, etc.) collectively totalled around US$ 417.7 Mn in 2021. Conductive carbon black sales witnessed a growth rate of around 5.4% from 2016 and 2020.

Drastic change in the CAGR from the historic to the projected period is due to its increasing application areas. In recent years, demand from the battery manufacturing industry, particularly from the lithium-ion industry, has increased at a tremendous pace due to the fast adoption of electric vehicles around the globe. The International Energy Association projects that by 2025 there will be more than 28 million EVs on the road and that EVs will show a growth of more than 30% from 2020 (more than 6.8 million EVs) to 2025.

Furthermore, recovery of the construction and automotive sectors will increase demand for batteries, rubber, plastics, and paints & coatings, which will positively impact global conductive carbon black consumption over the coming years.

Customize this Report

Explore Intelligence Tailored to Your Business Goals.

What Opportunities Lie Ahead for Conductive Carbon Black Manufacturers?

Growing application of conductive carbon black grades in carbon brushes, carbon nanotubes, tires, and others will create significant opportunities for market players.

  • Conductive Carbon Black Brushes - Carbon brushes are used for transferring electric current between a motionless and a rotating part of a machine, such as armature or coil. Carbon black utilized in carbon brushes offers resistance to abrasion and friction while maintaining efficient conductivity. Conductive carbon black is capable of offering stable, yet optimal level of electrical resistivity in the functioning of carbon brushes, owing to its excellent physical properties.
  • Conductive Carbon Black Tires – Conductive carbon black manufacturing companies focus on the considerable potential in tire recovery, which could eventually result in the recovery of carbon black along with oil and steel from tires. Conductive carbon black suppliers can explore affordable methods to recover and reuse carbon black. For instance, tire recycling companies have been researching tire recycling methods based on pyrolysis.

conductive-carbon-black-market

Market Research Methodology - Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

Get actionable insights on Ship Repair And Maintenance Services Market

What is Hindering Market Growth of Conductive Carbon Black to Some Extent?

Some environment-friendly alternatives such as silica and silicones, are gaining traction and might negatively impact global conductive carbon black powder demand. Silica and silicones are proving to be potential substitutes for conductive carbon black, owing to their superior performance and environment-friendly nature as compared to conductive carbon black.

At the same time, conductive carbon black is likely to face competition from other alternatives. For instance, bio-based lignin is a potential substitute to fossil-fuel derived conductive carbon black. Ball milled lignin exhibits a surface area 82% larger than conductive carbon black when tested, and 36% greater conductivity.

Explore Persistence Market Research’s expertise in promulgation of the business !

How is Circular Economy Trends Impacting the Market for Conductive Carbon Black?

One of the prominent trend observed among leading market participants is transition toward a circular economy value chain. This means using waste streams from other industries or applying own waste in other industries to minimize or eliminate landfills and other waste products such as CO2.

For instance,

  • Akzo Nobel partnered with Black Bear, a scale-up company that developed a sustainable process to regain carbon black pigment from used car tires.
  • Tokai Carbon is also researching the production of carbon black from vegetable oil instead of fossil fuels such as petroleum and coal. The company also plans to develop advanced technologies to recover and reuse CO2 generated in the production process.

Country-wise Analysis

What’s Compelling Conductive Carbon Black Manufactures to Expand in China?

“Construction & Automotive Industry Driving Conductive Carbon Black Demand”

China is anticipated to remain a prominent market for conductive carbon black powder, in terms of both, production and consumption. China is estimated to contribute around 47% to the total revenue generated from the sales of conductive carbon black across East Asia in 2022.

The China conductive carbon black market has witnessed mixed sentiments in the last few years. Slowdown in the automotive and construction industry coupled with rising production cost, freight cost, and logistics issues, along with limited product availability after many plant shutdowns of domestic manufacturers has hindered market expansion.

However, the market has recently gained traction as China's COVID recovery rate has improved. As China relaxed lockdown limitations, manufacturers saw significant gains from a sudden consumer shift toward personal mobility and recovery in the construction industry.

With the presence of a strong consumer base in the country coupled with significant growth in disposable income, demand for conductive carbon black is set to significantly increase in China over the coming years.

Is the U.S. a Profitable Market for Conductive Carbon Black Suppliers?

“Conductive Carbon Black Application in Battery Manufacturing to Be High”

In 2022, conductive carbon black demand in the U.S. is anticipated to grow 6.7% year-on-year. Across the whole of North America, total sales of conductive carbon black are expected to account for more than 20% of the global market share.

Significant increase in conductive carbon black prices was observed in FY2021. Semiconductor shortages disrupted the automotive industry, coupled with increase in carbon black product prices by prominent manufactures across North America due to increased operating cost, which was further increased due to the installation of emission control systems at manufacturing plants.

However, the forecast for the U.S. remains positive due to increase in construction industry investments, increasing battery manufacturing, and other factors that will create lucrative opportunities for conductive carbon black producers.

How are Sales of Conductive Carbon Black Faring in Germany?

“High Vehicle Production Driving Need for Conductive Carbon Black Powder”

Germany is one of the key countries in the European conductive carbon black market. By 2032, Germany is expected to account for over 14% of conductive carbon black sales across Europe.

The price trends to remain the same as other countries, and prominent manufacturers such as Cabot Corporation, Orion, and others have increased their carbon black product prices across Europe. Additionally, the region has been severely impacted by the COVID-19 pandemic. But demand for conductive carbon black (conductive carbon black powder and conductive carbon black paste) from the automotive sector for batteries and tires seems promising.

Also, steady demand from the plastic and paints & coatings industry is being witnessed by conductive carbon black suppliers in Germany.  

Category-wise Insights

Which Conductive Carbon Black Application is Set to Remain Significant?

“Use of Conductive Carbon Black in Plastics to Remain Prominent”

The plastics segment leads the conductive carbon black market owing to its extensive usage across various end applications. Conductive carbon black is used in plastic parts for various applications such as fuel injection systems and fuel tank inlets, as well as electrostatically paintable parts.

In the automotive industry, conductive carbon black usage is high due to its properties such as protection against static charge formation and UV rays.

Plastics also finds application in carrier tapes, carrier boxes, and carrier trays, which are used to handle electronic components. Conductive carbon black is also used in antistatic and conductive films, garbage bags, and packaging films. It imparts its property of high conductivity to plastics; hence, it is used for electrostatic dissipation and insulation shielding in wires and cables.

Conductive carbon black is also used to prevent the formation of static charge in fuel pipes and fuel caps for automobiles.

Competitive Landscape

Key conductive carbon black producers are focusing on strategic expansions to increase their geographical presence through acquisitions, mergers, and collaborations. Moreover, many manufacturers are adopting recycling and other practices, which contributes toward a more circular economic value chain to decrease their carbon footprint and make conductive carbon black more environment-safe.

Some of the key developments are:

  • 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.
  • In June 2021, Imerys Graphite and Carbon expanded its presence in India by opening a new plant in Andhra Pradesh to serve domestic customers.
  • In July 2020, Tokai Carbon and Tokai COBEX acquired Carbone Savoie International SAS, a carbon and graphite manufacturer.

Similarly, other key developments related to companies manufacturing conductive carbon black have been tracked by the team at Persistence Market Research, which are available in the full report.

Conductive Carbon Black Industry Report Scope

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

  • US$ Mn for Value
  • Tons for volume

Key Regions Covered

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

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia and New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Application
  • Region

Key Companies Profiled

  • Cabot Corporation
  • Orion Engineered Carbon
  • Birla Carbon
  • Akzo Nobel N.V.
  • Tokai Carbon Co. Ltd.
  • Denka Company Ltd.
  • Mitsubishi Chemical Corporation
  • Asbury Corporation
  • Imerys Graphite and Carbon
  • Ampacet Corporation
  • Phillips Carbon Black Limited
  • Penta Carbon GmbH

Pricing

Available upon Request

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

Media Release

- FAQs -

The global conductive carbon black market is estimated to be valued at US$ 443.8 Mn as of 2022.

Impetus from plastics industry, high conductivity, and increasing demand for rubber products in automobile industry are key growth factors for the market.

Conductive carbon black sales are projected to increase at 7% CAGR and reach US$ 869.8 Mn by 2032.

China, the U.S., Japan, Germany, and ASEAN are driving most conductive carbon black demand growth.

The market in Germany is set to expand at 6.4% CAGR through 2032.

China, the U.S., and Japan are major producers and exporters of conductive carbon black.

Japan and S. Korea collectively are slated to hold 14.2% share in the global market by 2032.

Recommendations

Bromine Market

Global Bromine Market - explore share, size, revenue, valuation, CAGR, regional outlook, key players, competitive landscape, top manufacturers and projections.

Synthetic Sapphire Market

As per the report by Persistence Market Research, the global synthetic sapphire market is anticipated to see a significant growth during the forecast period 2017-2024..

Spandex Market

Global Spandex Market is expanding at a steady CAGR of 10.3% in terms of value over the forecast period, to reach the market value of US$ 8,704.6 Mn by 2021.

F2 N2 Gas Mixture Market

The global F2/N2 gas mixture market is estimated to reach a volume of 26,377 tons by the end of 2026 while registering a CAGR of 3.7% during the forecast period..

Our Clients

Our Clients