Market Highlights
Conductive additives or fillers are conductive materials, which are added to other base materials, such as polymers and elastomers, to impart a specific level of thermal or electrical conductivity to the latter. Carbon black is one of the major additives used for electrical conductivity applications. The additive is ideally suited for applications in li-ion batteries, advanced lead-acid batteries, alkaline batteries, and electrical components.
Growth in new trends, such as printed electronics, foldable electronics, and flexible electronics, is likely to fuel the market’s growth. Increasing penetration of conductive additives with increasing demand for lightweight parts, increasing demand for lightweight materials including carbon fiber composites, an exceptional increase in the penetration of electric vehicles, and miniaturization of electronic devices are some of the other fueling factors for the market. Conductive carbon black additives are used across industries such as automotive, electrical & electronics, aerospace & defense, industrial, and consumer goods.
The pandemic caused a minuscule decline of <5% in the conductive carbon black additives market in 2020, volume basis. The market was well-backed by strong demand from industries such as electrical & electronics and automotive. Furthermore, an incessant shift from traditional ICE vehicles to EV vehicles, resulting in heavy demand for conductive carbon black additives in Li-ion batteries is likely to give an impetus to the demand for conductive carbon black additives. Overall, the conductive carbon black additives market (excluding wires) is likely to grow at a healthy CAGR of 9.0 %, in the long run, to reach US$ 1.5 Billion in 2028.
Recent Product Developments: Lightweight, high efficiency, and electrical insulation are the indispensable focus areas of the leading players while product developments. For instance, the Imerys product, C-THERM™, offers high electrical and thermal conductivity, wear reduction, and very little corrosion.
Recent Market JVs and Acquisitions: High focus on inorganic growth.
- The merger of Showa Denko Carbon Holding GmbH and Showa Denko Europe GmbH was announced by Showa Denko in 2020 and completed in 2021.
- To better serve its customers globally, Showa Denko acquired the graphite electrode production business: SGL GE Holding GmbH.
- Imerys acquired the Japanese anode materials producer, Nippon Power Graphite.
Market Segments' Analysis
|
Segmentations
|
List of Sub-Segments
|
Dominant and Fastest-Growing Segments
|
|
Conductivity-Type Analysis
|
Thermal and Electrical
|
Electrical conductivity holds a clear dominance in the market and is likely to maintain its dominance in the years to come.
|
|
Application-Type Analysis
|
Plastics/Compounds, Adhesives/Sealants, Coatings, Inks, Elastomers, and Energy Storage
|
In terms of application, plastics remained the biggest demand generator for conductive carbon black additives.
|
|
End-Use Industry Type Analysis
|
Automotive, Aerospace & Defense, Electrical & Electronics, Industrial, Consumer Goods, and Others
|
In terms of end-use industry types, the automotive industry generated the largest demand for conductive carbon black additives.
|
|
Regional Analysis
|
North America, Europe, Asia-Pacific, and Rest of the World
|
Asia-Pacific remained the largest market for conductive carbon black additives.
|
Based on the conductivity type, the conductive carbon black additives market is segmented into electrical and thermal. Electrical conductivity is likely to hold an indubitable dominance in the market in the foreseeable future. Carbon black is rarely used for thermal applications. Carbon black additives are ideally suited for applications in li-ion batteries, advanced lead-acid batteries, alkaline batteries, and electrical components. The low surface area of conductive carbon blacks shows a particular advantage for dispersion and easy processing.
Based on the end-use industry type, the market is segmented into automotive, aerospace & defense, electrical & electronics, consumer goods, and others. In terms of both, value and volume, the automotive segment is expected to remain the dominant as well as the fastest-growing end-use industry type in the market during the forecast period. Automotive is likely to offer winning opportunities during the forecast period. The segment is anticipated to mark excellent growth in the coming years, driven by several factors such as increasing acceptance of carbon additives paired with a growing demand for li-ion batteries.
In terms of regions, Asia-Pacific is expected to remain the largest market for conductive carbon black additives during the forecast period, propelled by China. The country accounts for a very high share of the world’s carbon black capacity, production, and consumption.
North America and Europe are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in vehicle production coupled with a paradigm shift from ICE to electric vehicles, which, in turn, is creating an opportunity pool for conductive carbon black additive stakeholders.
Key Players
The market is fairly consolidated with the presence of some regional and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the conductive carbon black additives market. There are distinct players in each material family.
- Cabot Corporation
- Aditya Birla Carbons
- Orion Engineered Carbons S.A.
- Tokai Carbon
- Imerys Group
- Asbury Carbons
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s conductive carbon black additives market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The conductive carbon black additives market is segmented into the following categories.
Conductive Carbon Black Additives Market, by Conductivity Type
- Electrical (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Thermal (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Conductive Carbon Black Additives Market, by Application Type
- Plastics/Compounds (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Adhesives/Sealants (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Inks (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Elastomers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Energy Storage (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Conductive Carbon Black Additives Market, by End-Use Industry Type
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Conductive Carbon Black Additives Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, Korea, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil and Others)
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
