Automotive Lithium-ion Batteries Carbon Black Market Size, Share, Growth, and Industry Analysis, By Type (Lamp Black, Acetylene Black, Gas Black), By Application (LFP Automotive, LMO Automotive, NCA/M Automotive and Others), Regional Forecast By 2031

Updated On: 08 April 2024

Automotive Lithium-ion Batteries Carbon Black Market Report Overview

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The global automotive lithium-ion batteries carbon black market size was USD 104 million in 2022, as per our research, the market is expected to reach USD 420.97 million in 2031, exhibiting a CAGR of 16.8% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with automotive lithium-ion batteries carbon black market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Rechargeable automotive lithium-ion batteries are used in electric vehicles to store energy and power the electric motor. The anode, cathode, and electrolyte are typically the components that make up these batteries. Typically, graphite is used as the anode, while a metal oxide like lithium cobalt oxide, lithium manganese oxide, or lithium iron phosphate is used as the cathode. Most of the time, the electrolyte is a lithium salt in an organic solvent.

Carbon black is a material that is normally utilized in the production of lithium-particle batteries. The incomplete combustion of hydrocarbons results in the production of this particular type of elemental carbon. To increase the surface area and conductivity of lithium-ion batteries, carbon black is added to the anode. The battery is able to store and deliver more power as a result of this. The automotive lithium-ion batteries carbon black market is expected to grow in the coming years due to the increasing adoption of hybrid electric vehicles (HEVs) and electric vehicles (EVs) worldwide and the demand for high-performance and sustainable carbon black materials.

COVID-19 Impact: Pandemic Hampered the Demand for Market

The global automotive industry experienced supply chain and production disruptions during the pandemic, which resulted in a decrease in demand for automotive lithium-ion batteries. The demand for carbon black, which is a conductive additive in lithium-ion batteries, suffered as a result. Automotive lithium-ion batteries carbon black saw a drop in demand and prices as a result. The demand for lithium-ion batteries and carbon black has also been affected by the pandemic's impact on consumer demand for electric vehicles. However, as governments around the world promote the use of electric vehicles to reduce carbon emissions, some experts anticipate that demand for lithium-ion batteries and electric vehicles will rebound following the pandemic. Overall, the COVID-19 pandemic has had a negative impact on the automotive lithium-ion batteries carbon black market. However, the long-term outlook for the market remains positive due to the anticipated rise in demand for electric vehicles and lithium-ion batteries.

Latest Trends

"Growing Demand for High-Performance Carbon Black Materials to Fuel Market Growth"

The rising demand for high-performance carbon black materials that are able to meet the particular requirements of manufacturers of EVs and HEVs is one of the most important trends in the carbon black market for automotive lithium-ion batteries. This includes creating cutting-edge carbon black materials that can improve lithium-ion batteries' thermal stability, conductivity, and cycle life. One more pattern in the market is the rising interest for practical and eco-accommodating carbon black materials. To meet the growing demand for sustainable products and reduce their carbon footprint, many businesses are looking into ways to produce carbon black using recycled materials and renewable energy sources. Furthermore, the market for automotive lithium-ion batteries carbon black is also witnessing an increasing number of collaborations and partnerships among key players to expand their product portfolios and increase their market share. This includes collaborations between carbon black manufacturers and lithium-ion battery producers to develop new and advanced products for the automotive industry.

Automotive Lithium-ion Batteries Carbon Black Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Lamp Black, Acetylene Black, Gas Black.

• By Application Analysis

Based on application, the market can be divided into LFP Automotive, LMO Automotive, NCA/M Automotive and Others.

Driving Factors

"Rising Demand for Electric Vehicles to Stimulate Market Growth"

One of the primary drivers of the market is the rising demand for electric vehicles (EVs). The demand for lithium-ion batteries is rising with the popularity of EVs, which in turn is driving the demand for carbon black, a crucial component of these batteries. The market's expansion is also being driven by consumer awareness and education about the advantages of electric vehicles and sustainable energy. Lithium-ion batteries and carbon black will continue to be in high demand as consumers become more aware of the environmental advantages of electric vehicles (EVs) over conventional gasoline-powered automobiles.

"Increasing Focus on Sustainable Energy to Accelerate Market Demand"

Carbon black and lithium-ion batteries are in high demand as a result of the growing emphasis on environmentally friendly energy sources. Due to their capacity to store renewable energy from sources like solar and wind power, lithium-ion batteries are regarded as a key technology in the transition to a more sustainable future for energy. A crucial component in the production of these batteries is carbon black. Through a variety of initiatives and policies, governments all over the world are supporting the expansion of the automotive carbon black market for lithium-ion batteries and encouraging the use of electric vehicles which will boost automotive lithium-ion batteries carbon black market growth.

Restraining Factors

"High Cost of Raw Materials and Safety Concerns to Restrict Market Growth"

The price of raw materials like graphite, cobalt, and nickel, which are used to make lithium-ion batteries, can fluctuate quickly and be expensive. Manufacturers may find it challenging to accurately predict their costs and pricing strategies as a result. If they are misused or damaged, lithium-ion batteries have been known to catch fire or explode. Consumers and regulators may face safety concerns as a result, which may limit the use of automotive lithium-ion batteries carbon black in electric vehicles and other applications.

Automotive Lithium-ion Batteries Carbon Black Market Regional Insights

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"Growing Demand in Asia-Pacific Anticipated to Boost Market Expansion "

Asia-Pacific holds the leading position in automotive lithium-ion batteries carbon black market share due to the high demand for electric cars in nations like South Korea, Japan, and China. As a result of rising demand for high-performance lithium-ion batteries and the expanding market for electric vehicles, the region is anticipated to maintain its dominance in the upcoming years.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Growth"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.

The top key players in the market are Cabot Corporation, Imerys, Denka Company, Orion Engineered Carbons, Birla Carbon, Tokai Carbon, Phillips Carbon Black, Lion Specialty Chemicals, Xiahuayuan Xuguang Chemical. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.

List of Market Players Profiled

• Cabot Corporation
• Imerys
• Denka Company
• Orion Engineered Carbons
• Birla Carbon
• Tokai Carbon
• Phillips Carbon Black
• Lion Specialty Chemicals
• Xiahuayuan Xuguang Chemical

Report Coverage

This report examines an understanding of the automotive lithium-ion batteries carbon black market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.