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  • Conductive Carbon Additives Market Growth Analysis | 2023-2028

    Conductive Carbon Additives Market Growth Analysis | 2023-2028

    Conductive Carbon Additives Market Growth Analysis | 2023-2028
    Report code - SR2334 Published On : Feb,2023 No. of Pages: 115
    Conductive Carbon Additives Market Size, Share, Trend, Forecast, Competitive Analysis & See more...

    Market Highlights

    The Conductive Carbon Additives Market is likely to grow at a healthy double-digit CAGR of 13.5%, in the long run, to reach US$ 7.3 Billion in 2028.

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    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. 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 and composite materials, increasing demand for lightweight materials including carbon fiber composites, and exceptional increase in the penetration of electric vehicles as well as miniaturization of electronic devices are some of the other fueling factors for the market. Conductive carbon additives are used across industries such as automotive, electrical & electronics, aerospace & defense, industrial, and consumer goods.

    Recent Product Developments: 

    Lightweight, high efficiency, and electrical insulation are the indispensable focus areas of the leading players in product development. For instance, the Imerys product, C-THERM™, offers high electrical and thermal conductivity, wear reduction, and very little corrosion.

    Covid-19 Impact

    The pandemic caused a minuscule decline of less than 5% of the conductive carbon additives market in 2020. 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 additives in li-ion batteries, is likely to give an impetus to the demand for conductive carbon additives.

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Conductivity-Type Analysis

    Electrical and Thermal

    Majorly used for electrically conductive applications.

    Material-Type Analysis

    Carbon Black, Graphite, CNT, CNF, and Graphene

    Carbon black remained the most preferred type of conductive additive (volume basis).

    Application-Type Analysis

    Plastics/Compounds, Adhesives/Sealants, Coatings, Inks, Elastomers, Energy Storage, and Friction

    The Energy storage segment is expected to remain the dominant as well as the fastest-growing application type in the market during the forecast period.

    End-Use Industry Type Analysis

    Automotive, Aerospace & Defense, Electrical & Electronics, Industrial, Consumer Goods, and Others

    The Electrical & electronics industry consumed the largest amount of conductive carbon additives.

    Regional Analysis

    North America, Europe, Asia-Pacific, and the Rest of the World

    Asia-Pacific remained the largest market for conductive carbon additives.

    By Material Type

    The conductive carbon additives market is segmented into carbon black, graphite, CNT, CNF, and graphene. Carbon black is likely to remain at the forefront during the forecast period. 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.

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    By Application Type

    The market is segmented into plastics/compounds, adhesives/sealants, coatings, inks, elastomers, and energy storage. In terms of value, the energy storage segment is expected to remain the dominant as well as the fastest-growing application type in the market during the forecast period. Energy storage is likely to offer winning opportunities during the forecast period. The segment is anticipated to mark a double-digit growth, in terms of both, value and volume, during 2023-2028.

    Regional Analysis

    In terms of regions, Asia-Pacific is expected to remain the largest market for conductive carbon additives during the forecast period, propelled by China. China is likely to remain the largest Asian market, in terms of both, production as well as consumption. The country has been an attractive market for several industry stakeholders concerning manufacturing. 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. 

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    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 additives market. There are distinct players in each material family.

    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 of SGL GE Holding GmbH.

    Imerys acquired the Japanese anode materials producer, Nippon Power Graphite.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s conductive carbon additives market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner 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 most comprehensively. 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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How ample is the sales opportunity?

    In-depth Analysis of the Conductive Carbon Additives Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    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 3 players).
    • SWOT analysis of key players (up to 3 players).

    Market Segmentation

    • Current market segmentation of any one of the applications by printer technology type.

    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.

     

    A Bird's Eye View of the Market

    The conductive carbon additives market is estimated to grow at an impressive CAGR of 13.5% by 2028, driven by increasing demand for EMI shielding due to the rising applications of electronic components in various end-use industries along with emerging technologies such as 5G network, IoT, and emerging interest in EVs.

    Cabot Corporation, Aditya Birla Carbons, Orion Engineered Carbons, S.A., Tokai Carbon, and Imerys Group are the leading players in the conductive carbon additives market.

    The Conductive Carbon Additives Market is likely to reach US$ 7.3 Billion in 2028.

    Asia-Pacific is estimated to remain dominant in the conductive carbon additives market in the foreseeable future. The key economies driving the regions demand are China and Japan.

    Asia-Pacific is estimated to remain the fastest-growing market for conductive carbon additives in the foreseeable future, driven by the dominance of the region in the electricals & electronics, automotive (including EVs), energy storage, and consumer goods industries.

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