Conductive Carbon Black Market Size Is Expected To Reach A Value Of US$ 985.7 Million By 2034: Fact.MR Report
Growing Inclination of Consumers and Industries toward Sustainability Driving Production of Environment-friendly Conductive Carbon Black
Rockville, Jan. 04, 2024 (GLOBE NEWSWIRE) — The global conductive carbon black market is estimated at US$ 498.4 million in 2024 and is forecasted to expand at a remarkable CAGR of 10.4% from 2024 to 2034, as per a new study by skilled analysts at Fact.MR.
The market continues to thrive in the field of advanced materials, exhibiting exceptional growth potential and innovation pathways. Due to its conductive qualities, conductive carbon black has emerged as a vital constituent in a variety of industries. Its applications are many, spanning industries such as electronics, automotive, and aerospace. The market has evolved significantly, with technical developments and a growing emphasis on sustainability shaping its trajectory.
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Ongoing research efforts are aimed at improving the quality and conductivity of conductive carbon black to meet the changing needs of multiple industries. These developments continue to widen the spectrum of applications and fuel market growth. Environmental concerns, as well as a global push toward sustainability, have resulted in the development of environmentally friendly forms of conductive carbon black. This shift toward sustainable materials fits with evolving consumer and industry preferences, accelerating market expansion even further.
| Report Attribute | Details |
| Value Projection (2034) | US$ 985.7 Million |
| Growth Rate (2024-2034) | 10.4% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 116 Tables |
| No. of Figures | 38 Figures |
Key Takeaways from Market Study
- The global conductive carbon black market is calculated at US$ 498.4 million for 2024.
- Demand for conductive carbon black is projected to rise at an impressive CAGR of 10.4% from 2024 to 2034.
- The market is forecasted to reach US$ 985.7 million by 2034-end.
- The market in East Asia is projected to expand at a CAGR of 6.7% through 2034.
- The plastics application segment is forecasted to expand at a CAGR of 11.1% throughout the forecast period.
- North America is estimated to account for 23.5% share of the global market in 2024.
“The market for conductive carbon black is an evolving landscape with many potential opportunities and difficulties. The market is poised for extraordinary growth and adaptation as industries continue to innovate and incorporate these materials into their products,” says a Fact.MR analyst.
Key Companies Profiled in This Report
- AkzoNobel N.V.
- Imerys Graphite and Carbon
- Denka Company Limited
- Tokai Carbon Co. Ltd.
- Asbury Corporation
- Penta Carbon GmbH
- Mitsubishi Chemical Corporation
- Orion Engineered Carbons
- Cabot Corporation
- Phillips Carbon Black Limited
- Ampact Corporation
- Birla Carbon
Shift toward Renewable Energy Sources Boosting Demand for Conductive Carbon Black in Energy Storage Devices
Widespread adoption of renewable energy sources has sparked a crucial need for efficient energy storage systems, and conductive carbon black plays a pivotal role in this domain. As the world shifts towards sustainable energy, the demand for conductive carbon black in energy storage solutions, particularly in batteries, has surged significantly.
Conductive carbon black enhances the conductivity and durability of batteries, allowing for improved energy retention and efficient power distribution. With the escalating popularity of electric vehicles (EVs) and their reliance on high-performance batteries, conductive carbon black finds extensive use in enhancing the conductivity of electrodes, thereby augmenting the overall efficiency and longevity of EV batteries.
Adaptability of conductive carbon black across various battery technologies, including lithium-ion, lead-acid, and emerging alternatives, underscores its versatility in catering to the diverse needs of the energy storage sector. Research and development initiatives focusing on developing conductive carbon black variants that promote sustainability, such as eco-friendly materials derived from renewable sources, are further fueling market growth.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the conductive carbon black market for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on application (plastics, battery electrodes, paints & coatings, rubber), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
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About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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