Specialty Carbon Black Market Analysis, Size, Growth, Share & Forecast to 2024 | Grand View Research Inc.
“Specialty Carbon Black Market To Reach $3.82 Billion By 2024”
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.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/specialty-carbon-blackmarket Further key findings from the report suggest: The global specialty carbon black market demand was900 kilo tons in 2014 and is expected to exceed 1,500 kilo tons by 2024, growing at an estimated CAGR of 5.7% from 2016 to 2024
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