Specialty Carbon Black Market Size, Share, Trends and Outlook 2023-2030

The Global Specialty Carbon Black Market is growing at a CAGR of 7.2% during the forecast period (2023-2030).
Specialty carbon black, a high-end, refined chemical, is produced by burning hydrocarbons with very little air. Specialty carbon black, also known as pigment black, is the purest type of carbon black with the least amount of ash, sulfur, metals, and other contaminants. Four techniques of producing specialist carbon black are lampblack, thermal black, acetylene black, and furnace black.

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Market Drivers: Rising global battery demand

Electric vehicle sales are among the most active in sustainable energy. Electric vehicle (EV) sales increased to 6.6 million in 2021. Global sales of electric cars in 2012 were 120 000. Many more will sell weekly in 2021. In 2021, electric cars had 10% of the global market, up from 2% in 2019. Over 16.5 million electric cars exist globally, three times more than in 2018. As of 2022, the electric car industry has grown significantly, with 2 million sales in the first quarter, up 75% from 2021. The data above is only a small part of the expanding need for batteries, which power most contemporary products.

Modern lithium-ion batteries use specialized carbon black in small amounts in the cathode to establish a conductive network between the non-conductive active parts and the current collector. The active material's surface is in a fine network without the coating, therefore electrical current cannot flow and the battery won't operate.

Market Segmentation: The convenience of tea bags and the desire to eliminate mess are major factors that boost the demand for tea bags in the global specialty carbon black market

Packaging materials that better protect their contents are becoming more and more necessary, especially for the food, beverage, and pharmaceutical sectors. As plastic has been more widely used, worries about its ability to allow gasses and vapors to escape that might compromise the security and integrity of packaged items have risen. To solve this, novel, secure barrier films and coatings are being produced. Active and intelligent packaging is using more and more plastic materials to prolong product shelf life and provide a visual indicator of the product's state and condition.
The biggest segment of the plastic market was packaging film, with sales of 20 million tons. With 19.7 million tonnes of sales, plastic bags and sacks accounted for the second-largest market category for plastic film, and this segment is expected to rise over the next five years. Plastic applications was the largest segment of the black market for specialized carbon in 2021.

Market Companies:

Mitsubishi Chemical Corporation, Denka Company Limited, Cabot Corporation, Imerys S.A., Phillips Carbon Black Limited, Lion Specialty Chemicals Co., Ltd., Tokai Carbon Co., Ltd., Birla Carbon, Ampacet Corporation and Himadri Speciality Chemical Ltd.

By Form

• Granule
• Powder

By Application

• Plastics
• Battery Electrodes
• Paints & Coatings
• Inks & Toners
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Geographical Share:

Asia-Pacific holds a market share of over 45% in the global specialized carbon industry. Increasing demand for plastic for a variety of end-use applications in the construction, automotive, conductive polymers, packaging, coating, and packaging industries is a significant factor in the expansion of the target industry in the Asia-Pacific region.

Related Reports:

Global Carbon Black Market- https://www.datamintelligence.com/research-report/carbon-black-market

Global Carbon Fiber Prepreg Market- https://www.datamintelligence.com/research-report/carbon-fiber-prepreg-market

Global Carbon Nanotubes Market- https://www.datamintelligence.com/research-report/carbon-nanotubes-market

Specialty Carbon Black Market- https://www.datamintelligence.com/research-report/specialty-carbon-black-market

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