Conductive Carbon Black Market Size, Share & Industry Analysis, By Application (Plastics, Battery Electrodes, Paints & Coatings, Rubber, Other)And Regional Forecast, 2024-2032

Carbon black is derived from the thermal decomposition of heavy petroleum raw material such as ethylene cracking tar, coal tar, or FCC tar. Oil furnaces and thermal are the major processes that are used for the manufacturing of carbon black. Whereas, conductive carbon black is known for the cost-effective and highly reliable properties. It varies in aggregate size, porosity, and shape based on the application need. Furthermore, conductive carbon black has the ability to absorb UV light and convert it to heat, improve thermal conductivity, and provide UV protection. These properties surge its demand in electronics and paints & coatings industries.

The rising demand for conductive carbon black from plastic will propel the market growth. As a filler, conductive carbon black is utilized in the production of a variety of plastic products such as films, pipes, photographic containers, stretch wrap, and industrial bags. The demand is associated with the thermal conductivity, high strength, and antistatic properties. Despite the beneficial characteristics, it also acts as a UV light absorber, thereby used for the protection of the plastic from chalking, discoloration, cracking, fading, and helps in improving the mechanical properties. Hence, such factors will boost the product consumption in the manufacturing of plastic goods and is anticipated to fuel conductive carbon black market growth. 

However, the hazardous emissions of various gases such as carbon dioxide, nitrogen oxide, sulfur dioxide, carbon monoxide, and particulate occurs during the carbon black manufacturing. Hence, this is the major factor that is restraining the market growth.

Market Segmentation:

Based on application, the conductive carbon black market is segmented into plastics, battery electrodes, paints & coatings, rubber, and other. From a geographical standpoint, the conductive carbon black industry is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.  

Conductive Carbon Black Market Key Players Covered:

The key players 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.

Key Insights

• Key Emerging Trends – For Major Countries


• Key Developments: Mergers, Acquisition, Partnership, etc.


• Latest Technological Advancement


• Insights on Regulatory Scenarios


• Porters Five Forces Analysis

Regional Analysis:

Asia Pacific is anticipated to witness the highest growth in the conductive carbon black market. The growth is attributed to the rising adoption of the product in the manufacturing of plastics. The high product adoption in electronics will fuel the market growth in North America, in which the US and Canada are the leading countries. In Europe, the conductive carbon black industry growth is associated with the increasing adoption of conductive carbon black in the rubber application.  The Middle East & Africa is anticipated to witness significant growth, owing to rising product utilization in the paints & coatings industry. The rising expansion of the automotive industry in Latin America will provide lucrative growth to the market.

Segmentation

Conductive Carbon Black Industry Developments

• In May 2020, Orion Engineered Carbons S.A., started a new logistics center at its largest manufacturing plant in Cologne, Germany. The company produces 160,000 metric tons and more than 100 differentiated grades of carbon black at this facility each year. With this new center, the Orion will grow its business in Europe.


• In November 2019, Cabot Corporation marked the groundbreaking of its previously announced carbon black capacity expansion project in Cilegon, Indonesia. With this development, the company will provide a reliable, local, and high quality supply to serve the increasing carbon black demand in Indonesia and throughout Southeast Asia.