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Conductive market analysis | Coherent Market Insights

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Conductive market analysis | Coherent Market Insights

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  1. Coherent Market Insight Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. CONDUCTIVE CARBON BLACK MARKET ANALYSIS • Conductive Carbon Black Market, By Application (Plastics, Battery Electrodes, Paints & Coatings, Rubber, Other Applications), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027 • The global conductive carbon black market is projected to surpass US$ 220 million by the end of 2027, in terms of revenue, growing at CAGR of 7.0% during the forecast period (2019 to 2027).

  3. Drivers • Rising demand for consumer electronics where conductive carbon black is used to enhance the electrical conductivity is expected to propel market growth. According to, Indian Brand Equity Foundation (IBEF), the Indian appliance and consumer electronics industry reached US$ 31.48 billion in 2017 and is expected to increase at a 9% CAGR to reach US$ 48.37 billion in 2022.

  4. Growing demand for conductive carbon black from the automotive industry in the production of the tire and other accessories composed of rubber is anticipated to foster the market growth of conductive carbon black. According to the report published by European Automobile Manufacturers Association (ACEA) in June 2019, 98.1 million motor vehicles were produced around the world in 2018 and More than 80 million passenger cars were produced around the world in 2017. Therefore, rising demand from the automotive industry is expected to propel the market growth of Conductive carbon black. 

  5. Figure 1. Global Conductive Carbon Black Market, Revenue Share (%), By Region, 2018

  6. Market Restraints • Factor such as toxicity associated with conductive carbon blacks as they have potential carcinogens properties is expected to hinder the market growth over the forecast period. The prolonged exposure of conductive black carbon cause irritation to the respiratory tract. Hence, such side-effects associated with the exposure of conductive carbon blacks are projected to restrict the market growth over the forecast period.

  7. Availability of alternatives of carbon black such as silica and silicones as they have high performance and are environment-friendly in nature is projected to curb the market growth of conductive carbon blacks. Moreover, the market for conductive carbon black is also expected to face competition with other alternatives. For instance, bio-based lignin is a potential substitute to fossil-fuel derived conductive carbon black. Ball milled lignin exhibited a surface area 882% larger than conductive carbon black tested, and 36% greater conductivity.

  8. Market Opportunities • Rising focus of manufacturers in carbon black recovery for tire production is expected to augment the market growth of conductive carbon black. The objective of this step is to explore affordable methods to recover and reuse carbon black in order to promote sustainability. According to the Coherent Market Insights, tire recycling company Carbon Green Inc. has been researching tire recycling methods based on pyrolysis

  9. Rising production of carbon nanotubes with conductive carbon black is expected to accelerate the market growth of carbon black recovery. This combination offers higher electrode conductivity as compared to other formulations since it enables the dispersion of carbon nanotubes and generate a synergetic effect with carbon nanotubes. Therefore, the growing usage of conductive carbon black in the production of carbon nanotube is expected to propel the market growth. 

  10. Figure 2. Global Conductive Carbon Black Market – Opportunity Analysis

  11. Market Trends • Shifting focus of carbon black companies to convert their carbon black production lines to specialty carbon blacks is expected to foster market growth. The objective of the step is to increase profit margins and expand the application scope of specialty carbon blacks. For instance, in February 2017, Orion Engineered Carbons launched new specialty carbon black production line in Korea. This new line in Yeosu will produce premium grades of Specialty Carbon Black for demanding customer applications such as automotive coatings, engineered plastics, printing inks, and adhesives & sealants.

  12. The increasing focus of key industry players in emerging countries such as Brazil, China, India, and Korea to set up production facilities is projected to foster market growth. The goal of this step is to take advantage through alliances with key players in the domestic market and expand their regional presence and also reduces transportation costs of carbon black. This factor is estimated to propel the market growth.

  13. Figure 3. Global Conductive Carbon Black Market, Revenue Share (%), By Application, in 2018

  14. Competitive Section • Key players operating in the global conductive carbon black AkzoNobel N.V., Orion Engineered Carbons, Cabot Corporation, Denka Company Limited, Tokai Carbon Co. Ltd, and Phillips Carbon Black Limited • Few Recent Developments • Cabot Corporation               • In February 2018, Cabot Corporation announces an expanded range of premium carbon black products for racing and ultra-high-performance tires with the launch of the new PROPEL X carbon black series.

  15. REQUEST SAMPLE • DOWNLOAD PDF • REQUEST CUSTOMIZATION • TALK TO ANALYST • REFERENCE: https://www.coherentmarketinsights.com/market-insight/conductive-carbon-black-market-3450

  16. About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  17. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  18. THANK YOU! Kindly follow CMI Social Media Profiles for the latest company updates Facebook LinkedIn Twitter https://www.coherentmarketinsights.com/

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