According to the report by Expert Market Research (EMR), the global carbon black in lead-acid battery market size reached a value of USD 492.52 million in 2023. Aided by the pivotal role of carbon black in enhancing the performance and longevity of lead-acid batteries, the market is projected to further grow at a CAGR of 5.1% between 2024 and 2032 to reach a value of USD 779.43 million by 2032.
Carbon black, a form of paracrystalline carbon, offers significant advantages when incorporated into lead-acid batteries. It improves electrical conductivity, increases battery life, and enhances the overall charge acceptance of the battery. These benefits are crucial in meeting the growing demand for reliable and efficient energy storage solutions, particularly in applications where durability and performance are paramount.
The carbon black in lead-acid battery market growth is propelled by several key factors. The automotive industry remains a significant driver, with lead-acid batteries serving as the cornerstone for starter batteries in combustion engines, as well as for auxiliary power units in electric and hybrid vehicles. The resurgence of the automotive sector post-pandemic, coupled with stringent environmental regulations, has underscored the need for more efficient and durable batteries, thereby boosting the demand for carbon black.
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Additionally, the expansion of renewable energy installations and the need for effective energy storage solutions have further fuelled the carbon black in lead-acid battery market demand. Lead-acid batteries, enhanced with carbon black, are widely used in solar and wind energy systems for energy storage, due to their cost-effectiveness and reliability.
Industrial applications, including backup power systems and heavy machinery, also contribute to the growing demand for carbon black in lead-acid batteries, emphasising the material’s role in ensuring operational continuity and efficiency.
Innovation is a key influencer of the carbon black in lead-acid battery market outlook. Manufacturers are focusing on developing advanced carbon black materials that offer improved properties, such as higher surface area and better conductivity, to further enhance battery performance. Technological advancements in the production process of carbon black are aimed at achieving greater purity and consistency, which, in turn, improves the quality and reliability of lead-acid batteries.
The integration of nanotechnology in the development of carbon black is another area of innovation. Nanoscale carbon black particles provide superior conductivity and electrochemical properties, leading to batteries with faster charging times, higher power density, and extended life cycles.
Carbon Black In Lead-Acid Battery Market Segmentation
The market can be divided based on battery type, grade, and region.
Market Breakup by Battery Type
- Flooded Lead-Acid Battery
- Valve Regulated Lead-Acid (VRLA) Battery
Market Breakup by Grade
- Speciality
- Conductive
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Carbon Black In Lead-Acid Battery Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global carbon black in lead-acid battery market. Some of the major players explored in the report by Expert Market Research are as follows:
- Cabot Corporation
- Aditya Birla Management Corporation Pvt. Ltd.
- Orion Engineered Carbons GmbH
- Beilum Carbon Chemical Limited
- Shandong Jinkeli Power Sources Technology Co. Ltd.
- Denka Company Limited
- Imerys SA
- IsraZion ltd.
- Others
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