Date: May 2022
Carbon Black in Lead Acid Battery Market worth USD 642.4 million by 2030
The Market Statsville Group (MSG) publishes the new report on the "Carbon Black in Lead Acid Battery Market by Battery Type (Flooded Lead-Acid Battery and Valve Regulated Lead-Acid Battery), by Grade (Specialty and Conductive), by Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa) – Global Share and Forecast to 2030".
The global carbon black in lead-acid battery market size is expected to grow from 448.3 million in 2021 to USD 642.4 million by 2030, at a CAGR of 4.6% during the forecast period. Carbon black is used in the lead-acid batteries consumed in e-bike, stationary, energy storage, automotive, and industrial applications. It possesses unique properties such as high conductivity, high surface area, and high hydrophobicity that enable higher dynamic charge acceptance, good dispersibility, increased cycle life at partial state-of-charge conditions, improved manufacturing, and battery uniformity.
Cost-efficient energy storage solution and recyclability associated with the lead-acid batteries over lithium-ion batteries are the key factors expected to significantly drive the growth of the carbon black in lead-acid battery market. However, emerging and existing alternatives available in the market are anticipated to restrain the market growth.
Global Carbon Black in Lead Acid Battery Market Segmentation
The carbon black in lead-acid battery market has been segmented into battery type, grade, and region.
- By Battery Type (Valve Regulated Lead-Acid Battery and Flooded Lead-Acid Battery)
- By Grade (Specialty and Conductive)
- By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)
Specialty, by grade, is estimated to hold the largest market share during the forecast period
Based on grade, the global carbon black in lead-acid battery market is fragmented into specialty and conductive. In 2021, specialty had the largest market share of 82.8% in the market. Specialty grade carbon black is a high-end refined carbon black manufactured from furnace black, channel black, acetylene black, and black lamp process. For manufacturing specialty carbon black, hydrocarbon is burned in limited air supply. Specialty carbon blacks are utilized as an additive in lead-acid battery.
Telecommunication is the transmission of voice and information over long distances. Lead-acid batteries are used as backups and power supply systems in high-speed data transmission, data networks, cable TV, wireless communication, and data centers. Specialty carbon additive is usually used in lead-acid batteries such as VRLA and flooded batteries for the telecommunication industry. Significant features of these batteries include better performance, ease of installation, high energy density, and long life. VRLA batteries are generally preferred in case of backup power in small to medium size telecom sites.
Asia Pacific accounts for the largest market share in carbon black in the lead acid battery market
Based on region, the global carbon black in the lead-acid battery market is analyzed across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Asia Pacific accounted for the highest market share of 40.2% in the global carbon black in lead acid battery market and was anticipated to maintain its dominance throughout the forecast period. A rise in the consumer preference for personal mobility coupled with soaring demand for high energy density battery units drives the deployment of these units across Asia-Pacific. Furthermore, demand for efficient and economical power storage units across various industries & applications, including automobiles, the residential sector, and backup energy systems, boosts the demand for lead-acid batteries across the region. In addition, a positive outlook toward the growth of the automotive sector and ongoing industrialization fuels the lead-acid battery market trends across Asia-Pacific.
The region is highly characterized by restricted access to electricity, an established service sector, and a rise in urbanization. Increased investment in commercial infrastructure development drives the demand for efficient energy storage devices, such as UPS and inverters, driving product adoption growth throughout the region. Furthermore, increased investment in improving manufacturing capabilities across the automotive industries to meet rising vehicle demand will positively proliferate the demand for lead acid batteries, resulting in increased demand for carbon black additives from battery manufacturers across the region during the forecast period.
This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the carbon black in lead acid battery market. It also consists of the profiles of leading companies such as Imerys, SGL Carbon SE, Aditya Birla Group, Cabot Corporation, Orion Engineered Carbons S.A., Superior Graphite, Shandong Jinkeli Power Sources Technology Co., Ltd., Denka Company Limited, Continental Carbon Company, and Israzion Ltd.
Browse the complete report: https://www.marketstatsville.com/carbon-black-in-lead-acid-battery-market
About Market Statsville Group
Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.
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