New York, NY -- (SBWIRE) -- 01/06/2016 -- Carbon black is one of the top industrial chemicals extracted from its pure form and is primarily used as a reinforcing agent in rubber. Carbon black is one of the most sought-after materials in a number of manufacturing processes owing to its properties such as corrosion resistance, high tensile strength, resistance to abrasion and friction, and high durability.

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Conductive carbon black is a reliable specialty carbon black that is used to develop electrically conductive plastic compounds. Conductive carbon black improves the electrical conductivity of materials and its unique features such as particle size, surface area and color, electrical conductivity, and low loading make it ideal to be used in several applications including battery electrodes, paints and coatings, plastics, and rubber. Other minor end uses include sealants, adhesives, and metallurgy. These growing applications have boosted the global conductive carbon black market over the years.

The global carbon black market, the parent market of conductive carbon black, was estimated to be valued at US$8,176 mn in 2014, with the total production volume pegged at 11.7 mn tons. The revenue generated by the carbon black market is anticipated to rise at a 5.50% CAGR from 2014 to 2020, reaching a value of US$11,284 mn in 2020.

Asia Pacific to Continue Dominating Global Conductive Carbon Black Market

The worldwide market for conductive carbon black is geographically segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. Statistics reveal that between 2015 and 2021, the global market is anticipated to progress at a 6.80% CAGR in terms of value, and a 6.0% CAGR in terms of volume. This growth can be attributed to a number of factors such as growing impetus from the plastics and automotive sectors, favorable properties of conductive carbon black, increasing focus by companies on research and development, and expanding applications. On the flip side, the capital-intensive nature of the conductive carbon black market means large capital investments and high production costs, which pose several challenges for the global market.

Accounting for 40.0% of the global conductive carbon black market in 2015, Asia Pacific is the largest regional segment and is anticipated to retain its lead through 2021. Driven by the growth of the automotive and plastic markets, this region is projected to develop at the highest CAGR of 5%-8% from 2015 to 2021. North America and Europe are both strong markets for conductive carbon black and in 2015, together held more than 44.0% of the global market. The Middle East and Africa region holds strong potential for growth as well. However, this region is forecast to develop at a rather modest pace from 2015 to 2021. Latin America is also an immensely lucrative market for conductive carbon black thanks to a thriving manufacturing sector and is projected to register a CAGR of 6.0% or more between 2015 and 2021.

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The leading players operating in the global conductive carbon black market include Imerys Graphite & Carbon Switzerland SA., Orion Engineered Carbons S.A., Phillips Carbon Black Limited, Asbury Carbons, Inc., Denka Denki Kagaku Kogyo Kabushiki Kaisha, Tokai Carbon Company Limited, Cabot Corporation, Birla Carbon, Ampacet Corporation, and AkzoNobel N.V.

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