Acetylene Black Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Acetylene Black Market
The acetylene black market size was valued at USD 162.4 million in 2023, and the market is now projected to grow from USD 185.2 million in 2024 to USD 280.4 million by 2032, exhibiting a CAGR of 6.1% during the forecast period of 2024-2032.
Owing to the COVID-19 pandemic, production and sales of acetylene slowed to a halt as downstream sectors, particularly automobile and construction industries, shut down due to restricted mobility and manufacturing facilities went on an extended break due to global lockdowns. This led to a decline in the acetylene black market growth.
This paper will focus on the following research question: On the impact of Electric Vehicle on the market for Acetylene Carbon Forging Company Through the examination of the increase in the numbers of electric cars in the market, it will be established that the component required for its production is Acetylene Carbon. Key uses of acetylene black include lithium-ion battery where the material is used in the anode section as a conductive filler. This may also lead to a greater acetylene black market share in the market since it’ll be more accessible to firms.
Acetylene black has the prerequisite for insisting the rubber industry demand to improve the performance of high-value products such as increasing durability, strength and wear resistance. The mentioned carbon material plays a critical role in reinforcing different types of rubber products such as conveyor belts, tires, and industrial hoses due to numerous factors such as good dispersibility and the presence of a large surface area.
Comprehensive Analysis of Acetylene Black Market
The acetylene black market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by type, & by applications. The types include: powder form, & granular form. By applications the market can be divided into: adhesives/sealants/coatings, batteries, rubber, greases, cosmetics & personal care, and others.
The Asia Pacific region leads the acetylene black market by benefitting a market size of USD 111.4 million in 2023 due to the large number of manufacturers in the region.
The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include: Sun Petrochemicals (India) UBIQ TECHNOLOGY CO., LTD. (China) Orion Engineered Carbons (Luxembourg) Tianjin Yiborui Chemical Co., Ltd. (China) Denka Company Limited (Japan) Ningxia Jinhua Chemical Co., Ltd. (China) Xiahuayuan Xuguang Chemical Co., Ltd (China) Hexing Chemical Industry (China)
In March 2022, Orion Engineered Carbons announced a plan to build an acetylene-based conductive additives manufacturing plant in the U.S. The company would invest USD 120-140 million for the facility, and the acetylene will be supplied from a neighboring site.
Segmentation Table
Global Acetylene Black Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 6.1% from 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Type, and By Application
By Type Powder Form
Granular Form
By Applications Adhesives/Sealants/Coatings
Batteries
Rubber
Greases
Cosmetics & Personal Care
Others
By Region North America (By Type, Application, and Country)
- U.S.
- Canada
- Mexico
Europe (By Type, Application, and Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific (By Type, Application, and Country)
- China
- Japan
- India
- South Korea
- Southeast Asia
- Australia
- Rest of Asia Pacific
South America (By Type, Application, and Country)
- Brazil
- Rest of South America
Middle East & Africa (By Type, Application, and Country)
- South Africa
- Egypt
- Israel
- Turkey
- GCC Countries
- Rest of Middle East, & Africa
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