Conductive carbon black is a type of specialty carbon black that is used in various applications. Its primary use is in the electrical components and appliances as conductive carbon black is used to enhance the electrical conductivity of materials. Due to this electrical conductivity, the mechanical properties and strength of the particular material are enhanced. There are five main properties of conductive carbon black namely low loading, surface area, electrical conductivity, particle size and color. All of these properties have led to widening use of conductive carbon black in various end-use industries.
The global market for conductive carbon black was estimated to be exhibiting a CAGR of 7.3% during the period of assessment 2017-2021. The global conductive carbon black market is segregated into applications and regions. On account of applications, the global conductive carbon black market is sub-segmented into battery electrodes, paints and coatings, plastics, rubber and other applications. The main application of carbon black is in the arena of polymers so as to enhance their physical properties. With the aid of carbon black, the tensile strength of the polymers is increased, along with their durability and their resistance to abrasions, friction and corrosions. In addition, when carbon black is introduced in a polymer mix, it creates a conductive network.
Wide ranging applications of conductive carbon black
Since conductive carbon blacks lowers the risk of electrostatic discharge in a variety of applications, particularly as additives in the polymer matrix, they find applications in a variety of end-use industries. For example, conductive carbon black is added in electronic packaging, wires, cables, fuel tanks and automotive parts to protect them from mechanical damage and it also helps in cooling and maintenance of electronic products. Conductive carbon black is also used in the plastic additives market, which constitutes one of the major demand sources of this material.
Since conductive carbon black are a type of specialty materials that are majorly used in applications other than rubber such as pigments, cables, wires, fibers, printing inks, etc. to cite a few, a vigorous demand for conductive carbon black is forecasted during the coming years. Also, this factor ensures that the global carbon black market is unaffected by the cyclic nature of rubber and automobile industry. In addition, in the arena of automotive manufacturing, the tire companies are currently engaged in increasing the sturdiness and performance of tires, while simultaneously, they are concentrating on enhancing the quality of tires. Consequently, tire manufacturing companies are constantly focusing on research and development to utilize the various desirable properties of conductive carbon black in order to enhance the properties of tires used in the automotive industries.
Restraints affecting the growth of global conductive black market
Since the conductive carbon black is priced higher to the conventional carbon black, this is a restraining factor adversely affecting the growth of the global carbon black market to a certain extent. In addition, conductive carbon black is considered as a potential carcinogen. Such type of materials lead to irritation to the respiratory tract due to prolonged exposure. In addition, several alternatives to conductive carbon black are appearing in the market. For example, silica and silicanes are proving to be attractive substitutes to carbon black owing to their performance and their environment friendly nature. Also, bio-based lignin and ball milled lignin are also emerging as a potential substitute to fossil fuel derived conductive carbon black. Such type of factors are adversely impacting the growth of the global carbon black market during the period of forecast.
This study offers a four year forecast of the global conductive carbon black market between 2017 and 2021. The study demonstrates the market dynamics and trends in all the five regions, which are expected to influence the current nature and future status of the conductive carbon black over the forecast period.
A lucid report description for the aid of the report readers
This Persistence Market Research report examines the global conductive carbon black market for the period 2017–2021. The primary objective of the report is to offer updates on the growth of the conductive carbon black type in the carbon black market and the expanding applications of conductive carbon black globally. In the next section, PMR covers the conductive carbon black market performance in terms of its global revenue split. This section additionally includes PMR’s analyses of the key trends, drivers and restraints, which are influencing the conductive carbon black market. Impact analysis of key growth drivers and restraints, based on the weighted average model, is included in this report to provide better insights. The conductive carbon black applications are described in details with regard to the value and volume share held the by each application in the global conductive carbon black market.
The report highlights the market values and volumes in each of the five regions. It provides a market outlook for 2017–2021 and sets the forecast within the context of the conductive carbon black market. This study draws inferences from the key regional trends contributing to the growth of the carbon black market, in order to estimate and forecast the values and volumes for the regional conductive carbon black markets. The global conductive carbon black market report analyses the degree at which the global drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa.
A robust research methodology for estimating the market numbers
To calculate the conductive carbon black market size, we first considered revenue generated from the sale of carbon blacks, the parent market for conductive carbon black. The forecast presented here assesses the total revenue generated, by value and volume, across the conductive carbon black market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the conductive carbon black market would develop in the future. However, forecasting the market in terms of various conductive carbon black segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities available in the conductive carbon black market.
The conductive carbon black market is split into a number of sub-segments. All the conductive carbon black sub-segments, in terms of applications and regions, are analyzed on the basis of the Basis Point Share (BPS) to understand the individual segments’ relative contributions to the market growth. This detailed level of information is important for the identification of various key trends witnessed in the conductive carbon black market.
Another key feature of this report is the analysis of all key conductive carbon black segments, sub-segments and regional adoption and revenue forecast in terms of the absolute dollar. 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 to identify potential resources from a sales and delivery perspective in the conductive carbon black market.
Competition landscape is a valuable source of market intelligence
The conductive carbon black competitive landscape is included to provide report audiences with a dashboard view, based on categories of providers in the value chain, their presence in the conductive carbon black market and key differentiators. Key categories of providers covered in the report are conductive carbon black providers. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the value chain of the conductive carbon black market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the conductive carbon black marketplace. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the conductive carbon black market.