The global conductive carbon black market size is expected to gain momentum due to the increasing demands for carbon in the plastic application during the projected period. Fortune Business Insights™ publishes this information in an upcoming report titled,Conductive Carbon Black Market, 2022-2029″. Carbon black is extracted from thermal decomposition for petroleum raw material. Conductive carbon black is cost-effective which holds highly reliable properties. It can absorb UV light and perform a conversion process to convert it into heat that improves thermal conductivity. Such properties are used by electronics and paints industries which are expected to drive the market growth.    

COVID-19 Impact:

Halted Operations to Restrict Market Development 

Outbreak of the COVID-19 virus has affected the sales rate and performance of the chemical industry due to the restrictions imposed by the government. These restrictions halted the operations of production and manufacturing units. Restricting production has affected the sales rate and profitability of the industry to gain a higher market position globally. Plastic production and paint industries are affected due to the pandemic regulations where the supply of conductive carbon black is restricted. These factors affect industrial growth during the pandemic period.          

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Segments:

The market is segregated into applications of plastics, battery electrodes, rubber, and others.

Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The conductive carbon black market report includes a detailed analysis of market development strategies. The information consists of analysing competing strategies like mergers, acquisitions, and partnerships to acquire a high market share in the global market. Insights on regulatory scenarios are assessed in the report further. Porter’s five forces analysis is conducted to analyse the competitive environment and evaluate the competitive advantage gained by the key players. Emerging Trends in the major countries and segmented regions are highlighted further in this report. The report includes data authenticity and accuracy to enhance market analysis.     

Drivers & Restraints:

Increasing Demands for Product to Propel Market Growth

The global conductive carbon black market growth is expected to grow during the forecast period due to the increasing demands for products in the plastic application sector. Conductive carbon black produces pipes, photographic containers, films, stretch wrap, and industrial bags. These factors are anticipated to propel market growth. In contrast, the impact of the emission of harmful gases restricts the market expansion potential.    

Regional Analysis:

Asia Pacific to Hold Market Position due to Product Demand in Plastic Production 

Asia Pacific is anticipated to hold the most prominent global conductive carbon black market share during the forecast period. Adopting the product in the plastic production sector is expected to develop market reach and expand the business globally.

North America is anticipated to hold the second-largest market share globally. The product is highly adopted in electronics will bolster market growth. This will allow the key competitors in the market to propel market growth.

Competitive Landscape:

Launching New Products to Support Market Expansion

Key players in the industry focus on the development strategies to expand market growth. They are creating alliances and partnerships with competing organisations to support market expansion in acquiring global market share. The companies focus on launching new products using advanced technologies in the industry and improving the product portfolio for the organisation. Alliancing with the supporting sectors such as plastic production and paints & coatings will bolster market growth by increasing the company’s sales rate and revenue generation rate.     

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Industry Development:

  • May 2020: Orion Engineered Carbons S.A. introduced a new logistics center in Cologne, Germany. It is its largest manufacturing plant. The company manufactures 160,000 metric tons where more than 100 differentiated grades of carbon black are manufactured every year. The company aims to expand its business in the European market.

List of Key Players Profiled in the Global Market for Conductive Carbon Black:  

  • Thai Carbon Black Public Company Limited/Birla Carbon (Thailand)
  • Cabot Corporation (U.S.)
  • Orion Engineered Carbons SA Group (U.S.)
  • Phillips Carbon Black Limited (India)
  • Tokai Carbon Co. Ltd. (Japan)
  • Himadri Speciality Chemical Ltd. (India)
  • Longxing Chemical Industry Co. Ltd. (China)
  • Mitsubishi Chemical Corporation (Japan)

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