The growing use of carbon black in the plastics industry and the growing demand for this product in the rubber industry will impact market demand.
NEW YORK, USA, NEW YORK, November 24, 2022 /EINPresswire.com/ — According to a new Reports and Data report, the global carbon black market will reach $27.43 billion by 2030. Due to these properties, carbon black is increasingly being used in tires, rubber and plastic products, printing inks and coatings. It is used in tires because it provides superior rubber reinforcement. Although this product is mainly used to reinforce rubber in tires, it is also used as a pigment, UV stabilizer, and conductive or insulating agent in various rubber, plastic, inks, and coatings. In addition to tires, carbon black is used in other everyday applications, including hoses, conveyor belts, plastics, printing inks, and automotive coatings.
Carbon black is one of the most commonly used conductive additives in these batteries due to its light weight, low cost, and high chemical inertness. In addition, it offers higher battery capacity and speed, and is also non-toxic. Several studies have successfully shown that using this product can increase battery life. For example, Berkeley Lab researchers led by Robert Kostecki have used carbon black additives to make composite cathodes for lithium-ion batteries. It turned out that the resulting lithium-ion batteries lasted a third longer and gave more energy without a significant increase in cost.
Major market participants include Phillips Carbon Black Limited, Cabot Corporation, OCI Company Ltd., Birla Carbon, Omsk Carbon Group, Orion Engineered Carbons SA, Mitsubishi Chemical Corporation and Tokai Carbon Co., Ltd. Tokai Carbon is a Japanese chemical company, major global manufacturers. The company offers a wide range of products including SEAST, TOKABLACK, Aqua Black and Thermal Black for applications ranging from automotive to electrical and electronics.
Resins made using carbon black are widely used in automotive bumpers, steel pipe linings, and wire coatings. When mixed with resins in small quantities, this product absorbs UV rays, providing excellent UV resistance and colorability. The crystal structure of the graphite type product ensures excellent electrical conductivity. Therefore, the product is widely used as a conductive filler, miscible with plastics, elastomers, paints, adhesives, films and pastes. Carbon black is increasingly being used in the production of molded parts by injection molding and blow molding. This product is widely used in automotive, consumer and industrial markets. In consumer products such as home appliances, electronic devices and packaging, consumers demand deep black balance. The rise in demand for lithium-ion batteries is expected to impact the market over the forecast period. Several companies are supplying carbon black to meet the growing demand for lithium-ion batteries. For example, Cabot Corporation’s LITX conductive additives provide electronics, electric vehicles, and energy storage systems with low temperature performance, higher energy density, and extended life. The Asia-Pacific region is expected to dominate the market during the forecast period. Growth in product adoption in end-use industries, including automotive, paints, coatings and rubber, is expected to drive market growth. In addition, the adoption of expansion strategies by market participants operating in the region will also affect growth.
Tires and industrial rubber High performance coatings Plastic films and sheets High pressure tubing Molded parts Toners and printing inks Wires and cables Paints and coatings Textile fibers Other
Consumer Goods Industry Automotive & Transportation Indoor & Outdoor Fuel Systems Packaging Textile Clothing Upholstery Other
North America (USA, Canada, Mexico) Europe (Italy, UK, Germany, France, Rest of Europe) Asia Pacific (India, China, Japan, Korea, Australia, Rest of Asia Pacific) Latin America (Chile, Brazil, Argentina), Peru, rest of Latin America)
What is the expected year-on-year growth during the forecast period? What key trends are expected to influence market revenue growth in the future? Which region is expected to account for the largest share of revenue during the forecast period? Which large companies are covered in the report?
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Post time: Nov-25-2022