Valued to be $188 Million by 2026, Conductive Carbon Black Slated for Robust Growth Worldwide
SAN FRANCISCO, June 23, 2022
SAN FRANCISCO , June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Conductive Carbon Black - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 9; Released: January 2022
Executive Pool: 3072
Companies: 46 - Players covered include Akzo Nobel NV; Ampacet Corporation; Asbury Carbons, Inc.; Birla Carbon; Cabot Corporation; Denka Co., Ltd.; Imerys Graphite & Carbon Switzerland Ltd.; Orion Engineered Carbons S.A.; Phillips Carbon Black Limited; Tokai Carbon Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Plastics, Battery Electrodes, Paints & Coatings, Rubber, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Conductive Carbon Black Market to Reach $188 Million by 2026
Amid the COVID-19 crisis, the global market for Conductive Carbon Black estimated at US$130.1 Million, is projected to reach a revised size of US$188 Million by 2026, growing at a CAGR of 6.1% over the analysis period. Plastics, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$55.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Battery Electrodes segment is readjusted to a revised 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $37.7 Million in 2021, While China is Forecast to Reach $39.2 Million by 2026
The Conductive Carbon Black market in the U.S. is estimated at US$37.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$39.2 Million by the year 2026 trailing a CAGR of 9.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Paints & Coatings Segment to Reach US$55.3 Million by the year 2026
In the global Paints & Coatings segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$29.2 Million will reach a projected size of US$42.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.