The carbon black market is the parent market of conductive carbon black. Conductive carbon black is a specialty carbon black used in various applications, but primarily in electrical components and appliances as it enhances the electrical conductivity of materials.
Albany NY, NY -- (SBWIRE) -- 11/06/2015 -- Introduction
Conductive carbon black is a specialty carbon black used in various applications, but primarily in electrical components and appliances as it enhances the electrical conductivity of materials. Electrical conductivity encompasses mechanical property enhancement and mechanical strength enhancement. The five important properties of conductive carbon black are electrical conductivity, low loading, particle size, surface area and color, all of which determine its widening applications across various industries.
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Market Value and Forecast
In 2014, the global conductive carbon black market was valued at US$ 98.7 million and stood at 64.4 thousand tons in terms of volume. The global conductive carbon black market is expected to expand at a CAGR of 6.8% and 6.0% in terms of value and volume, respectively, during the forecast period from 2015to 2021. The global conductive carbon black market is expected to receive an impetus from the plastic additives industry, with industry growth at an exceptional rate of 4% to 5% during the forecast period from 2015 to 2021. Currently, tyre companies are engaged in increasing durability and performance of tyres, while at the same time focusing on enhancing their quality. Companies are increasingly focusing on R&D to capitalize on the various properties of specialty or conductive carbon blacks, which in turn is expected to favourably impact the global conductive carbon black market.
Parent Market Scenario
Carbon black is the pure elemental form of carbon and is listed among the top 50 industrial chemicals manufactured globally. Carbon black finds major application as a reinforcing agent in rubber. Carbon black also finds application in plastics, paints & coatings, pigments, printing inks for electrical conductivity, etc. Carbon black enhances the physical properties of polymers, thus, increasing their durability, tensile strength and resistance to abrasion, friction and corrosion.
It forms a conductive network when introduced in the polymer matrix. The carbon black market is the parent market of conductive carbon black. In 2014, the global carbon black market was valued at US$ 8,176 Mn, and its production volume stood at 11.7 Mn tons in the same year. Revenue generated by the carbon black market is forecast to increase up to US$ 11,284 Mn by 2020, at a CAGR of 5.5% between 2014 and 2020. In terms of volume, the global conductive carbon black market accounts for merely 1% of the overall carbon black market, but is expected to emerge as one of the fastest growing materials in terms of market growth.
Among the key regions that are driving the growth of the conductive carbon black market, APAC is projected to grow at an impressive rate in the range of 5% to 8% between2015 and 2021. The potential plastic and automotive industries in the APAC countries are expected to drive the growth of the conductive carbon black market in the region, at a CAGR higher than that of the global conductive carbon black market in terms of value and volume. North American nations are forecast to account for a quarter share of the conductive carbon black market in terms of revenue. Though the MEA region holds immense potential for companies operating in the conductive carbon black, it is forecast to account for a mere 3% to 5% share of the global conductive carbon black market during the forecast period. With the presence of a flourishing manufacturing sector, Latin America offers tremendous growth opportunities for the conductive carbon black industries, and is projected to expand at a CAGR equal to that of the global conductive carbon black market in terms of value and volume.
Currently, a key focus of the major players in the global conductive carbon black market is on mergers and acquisitions, with a view to expanding their geographical presence. Key competitors covered in the report include Cabot Corporation, Birla Carbon, Orion Engineered Carbons SA., Imerys Graphite & Carbon Switzerland SA., AkzoNobel N.V., Tokai Carbon Company Limited, Ampacet Corporation, Phillips Carbon Black Limited, Denka Denki Kagaku Kogyo Kabushiki Kaisha and Asbury Carbons, Inc.
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