San Francisco, 17 December 2018 - The global specialty carbon black market is expected to reach USD 3.82 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand of plastics for non-rubber applications in key end-use industries such as packaging, automotive, construction, electrical & electronics, and pressure pipes is expected to remain a key driving factor for specialty carbon black market growth.
Increasing consumption of lithium-ion batteries owing to superior properties which include good electrical conductivity, good stability at the higher voltage, less solvent, and improves adhesion is also anticipated to fuel industry growth significantly.
The manufacturing process emits a large amount of toxic GHG which creates concern to human health and the environment. These factors have compelled manufacturers in North America and Europe to shut down their operations and shift production facilities to Asia Pacific.
Conductive grade accounted for over 30% of overall volume in 2015. Increasing demand in battery electrodes and paint & coating industries owing to better conductive properties polymers and rubbers is expected to drive demand. It is widely used as a reinforcing agent in products like tires, chassis bumpers, conveyor wheels, blow-molded containers, gaskets, hoses, automotives, and wiper blades.
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www.grandviewresearch.com/industry-analysis/specialty-carbon-black-market
Further key findings from the report suggest:
Grand View Research has segmented the specialty carbon black market on the basis of grade and region:
Global Specialty Carbon Black Grade Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
Global Specialty Carbon Black Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
Access Press Release Of This Research Report by Grand View Research: www.grandviewresearch.com/press-release/global-specialty-carbon-black-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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