Published by Coherent Market Insights
Posted on September 20, 2021
Carbon black is a pure form of carbon and is one of the most versatile chemicals produced around the globe. It is mainly find application in the production of rubber where it is used as a reinforcing agent. Moreover, carbon black is also used across plastics, paints & coatings, pigments, printing inks for electrical conductivity, etc. Carbon black improves the physical properties of polymers such as tensile strength, durability, and resistance to abrasion, corrosion, and friction. Carbon black enable conductive network when blend with the polymer matrix. Conductive carbon black also find application in the electronics industry as it enhances electrical conductivity of the appliances.
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).
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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.
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.
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.
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
Great savings for you 2000$ Discount On Report: https://www.coherentmarketinsights.com/insight/request-discount/3450
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.
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Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post 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) appeared first on Gatorledger.
Carbon black is a pure form of carbon and is one of the most versatile chemicals produced around the globe. It is mainly find application in the production of rubber where it is used as a reinforcing agent. Moreover, carbon black is also used across plastics, paints & coatings, pigments, printing inks for electrical conductivity, etc. Carbon black improves the physical properties of polymers such as tensile strength, durability, and resistance to abrasion, corrosion, and friction. Carbon black enable conductive network when blend with the polymer matrix. Conductive carbon black also find application in the electronics industry as it enhances electrical conductivity of the appliances.
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).
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/3450
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.
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.
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.
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
Great savings for you 2000$ Discount On Report: https://www.coherentmarketinsights.com/insight/request-discount/3450
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.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post 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) appeared first on Gatorledger.
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