Global Carbon Black In Lead-Acid Battery Market Report and Forecast 2024-2032

Global Carbon Black In Lead-Acid Battery Market Report and Forecast 2024-2032

Global Carbon Black In Lead-Acid Battery Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global carbon black in lead-acid battery market size reached a value of USD 510 million in 2023. Aided by the advancements in battery technology and increasing demand from the automotive and industrial sectors, the market is projected to further grow at a CAGR of 4.3% between 2024 and 2032 to reach a value of USD 755.67 million by 2032.

Carbon black is a fundamental component in the manufacture of lead-acid batteries, primarily used to enhance the conductive properties of the batteries' plates. It is crucial in improving battery performance, including higher charge acceptance, better lifespan, and overall efficiency. The role of carbon black in lead-acid batteries is becoming increasingly vital as demand for more reliable and efficient power storage solutions grows.

The carbon black in lead-acid battery market growth is driven by several factors. Key among them is the robust expansion of the automotive sector, especially in emerging economies where the demand for both commercial and passenger vehicles is on the rise. Carbon black is essential for the batteries that power these vehicles, making it a direct beneficiary of automotive sector growth.

Additionally, the surge in renewable energy installations has catalysed the demand for lead-acid batteries as a cost-effective storage solution, further propelling the carbon black in lead-acid battery market expansion. These batteries are preferred in solar and wind energy systems for their ability to provide power stability and backup, thereby enhancing the reliability of renewable energy sources.

Industrial growth across various sectors, including telecommunications, data centres, and manufacturing, also contributes significantly to market expansion. These industries require reliable backup power solutions to prevent downtime and ensure operational continuity, which lead-acid batteries can provide.

The global shift towards renewable energy sources is significantly boosting the energy storage market and contributing to the carbon black in lead-acid battery market share. Lead-acid batteries, equipped with carbon black, are being increasingly used in grid storage applications due to their cost-effectiveness and reliability.

Innovation in battery technology is a major trend shaping the market within the lead-acid battery sector. Manufacturers are increasingly focusing on developing advanced lead-acid batteries with improved life cycles, charging times, and efficiency. As per the carbon black in lead-acid battery market analysis, the integration of carbon black in these batteries is crucial for achieving these enhancements.

Environmental concerns and the subsequent regulations are also influencing the market dynamics. As global emphasis on reducing carbon emissions continues, the lead-acid battery sector is under pressure to innovate and reduce its environmental impact. This is leading to more research into eco-friendly and sustainable carbon black production methods.

The Asia-Pacific region dominates the global carbon black in lead-acid battery market, driven by massive industrial growth, rising automotive production, and significant investments in renewable energy, particularly in countries like China and India. The region's vast population and rapid urbanisation are additional factors boosting demand for lead-acid batteries and carbon black.

As per the carbon black in lead-acid battery market outlook, North America and Europe also hold substantial shares in the market, supported by well-established industrial and automotive sectors. However, these regions are experiencing a slower growth rate compared to Asia-Pacific, partly due to the higher adoption rates of alternative energy storage technologies.

As environmental sustainability becomes a global priority, the carbon black sector is exploring greener production methods. This includes the adoption of cleaner technologies and the recycling of carbon black from used tyres and other sources. These sustainable practices are not only reducing the environmental footprint but also enhancing the appeal of carbon black to environmentally conscious consumers and industries.

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

Competitive Landscape

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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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report. Show more