Global Conductive Carbon Black Market Is Anticipated To Witness Significant Growth Owing To Rising Adoption Of Electric Cars And Growing Demand From The Tire Industry

Conductive Carbon Black Market

Overview:

Conductive carbon black is an additive that enhances the electrical conductivity of polymer materials. It is becoming increasingly important in applications such as antistatic plastic and rubber, conveyor belts, fuel hoses, and other parts in automotive vehicles. Its conductive properties can prevent static charges, helping to ensure safe handling and operation of electric devices such as cell phones.

It can help reduce damage to sensitive electronics, equipment, and materials during manufacturing. Conductivity is dependent on particle size, structure and porosity, and the ability to percolate within a matrix. Specialty conductive carbon blacks typically have a smaller particle size than conventional grades and are designed to provide a high level of porosity in a given particle size range, providing superior electrical conductivity for a given loading.

Market Dynamics:

Rising business expansion is estimated to augment growth of the global Conductive Carbon Black Market during the forecast period. For instance, Epsilon Carbon has decided the expansion of their production capacity, in Vijayanagar, India, in September 2022. The company is investing of INR 550 Crore and they are increasing their capacity to 2,15,000 tones and supplies carbon black. Moreover, increasing CO2 emissions in the production process are anticipated to restrain growth of the global conductive carbon black for market during the forecast period.

Impact of COVID-19:

COVID-19 had serious impact on growth of many sectors. The pandemic affected sectors such as semiconductors, electronics, automobiles, and many more. Production activities in these sectors was temporarily shut down, owing to shortage of raw materials. The pandemic also disrupted several supply chains.

As conductive carbon black has applications in manufacturing of automobiles, theses temporary shut downs affected the demand. Thus, there was a decrease in demand. The pandemic restrained the growth of the global conductive carbon black for market, during the pandemic. However, the market is estimated to witness high growth in the post-pandemic era, as several restrictions have been relaxed.

Key Takeaways:

The global Conductive Carbon Black Market is expected to witness robust growth, exhibiting CAGR of 7.0 % over the forecast period, due to increasing partnerships among key players.

For instance, Orion Engineered Carbons S.A. and RISE Research Institutes of Sweden have partnered up in July 2021.Thsi partnership is aiming to replace traditional carbon black feedstock with pyrolysis oil from biomass oil.

Asia-Pacific is anticipated to witness robust growth in the global carbon black for market during the forecast period, due to growing industries such as electronics, automotive, and construction.

Key players active in the global Conductive Carbon Black Market are Tokai Carbon Co., Ltd., Cabot, Phillips Carbon Black Limited, DENKA, Orion Engineered Carbons S.A., AkzoNobel, Imerys Graphite & Carbon Switzerland Ltd., Orion Engineered Carbons, Denka Co., Ltd., Birla Carbon, Cabot Corporation, Ampacet Corporation, and Asbury Carbons, Inc.