Global Acetylene Black Market Size to Worth USD 323.5 Billion By 2033 | CAGR of 5.43%
Category: Chemicals & MaterialsGlobal Acetylene Black Market Size to Worth USD 323.5 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Acetylene Black Market Size is Expected to Grow from USD 190.6 Billion in 2023 to USD 323.5 Billion by 2033, at a CAGR of 5.43% during the forecast period 2023-2033.
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Browse key industry insights spread across 238 pages with 110 Market data tables and figures & charts from the report on the "Global Acetylene Black Market Size, Share, and COVID-19 Impact Analysis, By Type (Powder Form and Granular Form), By Application (Adhesives/Sealants/Coatings, Batteries, Rubber, Greases, Cosmetics & Personal Care, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/acetylene-black-market
The acetylene black market is the industry for acetylene black which is a conductive chemical used in batteries, rubber, and other applications. Acetylene black is a type of carbon black made by the thermal decomposition of acetylene gas. This product is available in powder and granular forms, as well as standard and battery grades. Further, it is characterized by relatively high electrical conductivity and is used chiefly as a filler in dry cells, rubber, and plastics. The rising production of batteries is offering lucrative market growth opportunities for acetylene black. The extensive use of acetylene black as a conductive additive for battery cathode and anode preparation is driving the acetylene black market demand. Further, the increasing use of acetylene black as a conductive carbon material in electric vehicles (EVs) for producing lithium-ion batteries is propelling the market. On the contrary, the availability of alternative products including silica, carbon black, graphite, conductive polymers, and metal oxides is challenging the acetylene black market.
The powder form segment held the largest revenue share of the acetylene black market in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the acetylene black market is classified into powder form and granular form. Among these, the powder form segment held the largest revenue share of the acetylene black market in 2023 and is expected to grow at a significant CAGR during the forecast period. The advent of electric vehicles, renewable energy, and other technologies that require high electrical conductivity are driving the market demand in the powder form segment.
The batteries segment accounted for the largest share of the acetylene black market in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the acetylene black market is classified into adhesives/sealants/coatings, batteries, rubber, greases, cosmetics & personal care, and others. Among these, the batteries segment accounted for the largest share of the acetylene black market in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The rising consumption of product in battery production owing to the demand for lithium-ion batteries for EVs, energy storage systems, and consumer electronics.
Asia Pacific is estimated to hold the largest share of the acetylene black market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the acetylene black market over the forecast period. The expanding automotive industry as well as the widespread use of battery electrodes and conductive materials are driving the acetylene black market in the region. The region's focus on innovation and technology for high-performance batteries and advanced materials has led to high market growth.
Europe is predicted to grow at the fastest CAGR in the acetylene black market over the forecast period. The need for high-performance products, the growing emphasis on sustainability, and environmental regulations are propelling the acetylene black market. The trend towards electric vehicle is also contributing to propel the market growth.
Major key players in the global acetylene black market include Sun Petrochemicals, UBIQ TECHNOLOGY CO., LTD., Orion Engineered Carbons, Tianjin Yiborui Chemical Co., Ltd., Denka Company Limited, Ningxia Jinhua Chemical Co., Ltd., Xiahuayuan Xuguang Chemical Co., Ltd, Hexing Chemical Industry, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In April 2024, Global speciality chemicals firm Orion S.A. announced the groundbreaking of its battery materials plant in the city of La Porte, southeast of Houston in the state of Texas, claimed as "the only facility" in the United States producing acetylene-based conductive additives for lithium-ion batteries.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the acetylene black market based on the below-mentioned segments:
Global Acetylene Black Market, By Type
- Powder Form
- Granular Form
Global Acetylene Black Market, By Application
- Adhesives/Sealants/Coatings
- Batteries
- Rubber
- Greases
- Cosmetics & Personal Care
- Others
Global Acetylene Black Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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