Black Particles Market REPORT OVERVIEW
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The global black particles market size was USD 94 million in 2021 and market is projected to touch USD 367.54 million by 2031, at a CAGR of 14.6% during the forecast period.
The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
The black particles are formed by torrefaction or steam explosion, through which the water content, cellulose sugar, and additional unstable organic composites are detached from the biomass to yield solid biofuels with similar features to fossil coal. They are 100% biomass units without additives and have exceptional water resistance and sturdiness. They have exceptional energy and handling feature, are renewable, appropriate for plain loading and shipping, and will be a substitute for coal products.
COVID-19 Impact: Supply Chain Disruption to Impede Market Progress
The COVID-19 pandemic has affected the majority of businesses. Producers were affected in 2020 owing to commercial shutdown orders, restricted local and state administration workplace actions, and social distancing standards. Security and authority’s instructions allotted on the federal and country level severely affected manufacturers and providers in 2020. The demand for activated carbon dropped from numerous end-use industries. The outbreak of the pandemic also led to a decrease in investments in the water sector globally.
LATEST TRENDS
"Increasing Adoption of Black Particles to Develop Market Growth "
The black particles are scratch resistant, which can recover protection and decrease product loss throughout transportation. As a water-resistant concrete fuel can be conveyed and stored outdoors like coal. Black particles have a greater energy concentration than white particles.
This means that the carrying cost of each black particle is 30% lesser than that of the white particle. Presently, black bits are being traded to the coal-burning service market. It can be deposited outdoors, such as coal and co-fired, and the power generation can reach 100%.
Black Particles Market SEGMENTATION
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- By Type
On the basis of type, the market is classified into baking and Steam Explosion.
- By Application
Based on application, the market is classified into Power Generation and Others.
DRIVING FACTORS
"Steam Explosion to Promote Product Adoption"
Steam Explosion (SE) is one of the best well-organized and ecological procedures for the pretreatment of lignocellulosic biomass. It is a significant instrument for the growth of the biorefinery idea to alleviate the resistance of biomass. Conversely, the two separate steps of SE, steam cracking and explosive decompression, leading to the analysis of the lignocellulosic matrix have commonly been planned in empiric ways, and explanations are needed.
"Increasing Demand from Automotive Industry to Encourage Market Growth "
The increasing demand for black particles from manufacturing and consruction industries is used to deliver power to industrial rubber composites. The increase in demand for carbon black owing to its conductive properties is anticipated to make new prospects for the development of the market. It is an exceptionally adaptable material that is creating a progressively valued input to the automotive business.
RESTRAINING FACTORS
"High Cost to Restrict Market Growth "
Black particles are constituents made from hydrocarbons, hence, crude oil prices have a straight influence on its fabrication cost. Moreover, there has been stable variation in crude oil prices, which is the main motive behind the increasing cost of black particles.
Black Particles Market REGIONAL INSIGHTS
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"Increasing Demand from Various Applications to Bolster Growth in Asia Pacific"
Asia Pacific is expected to dominate the black particles market share. The increasing demand for carbon black in numerous end-use businesses is likely to fuel market growth in the region. The rising automotive sector, growing demand for vehicles, and development in the region. The substantial presence of prominent players can be credited to the global black particles market growth.
North America is anticipated to have a sizable market share. This is due to the increasing number of tires that need to be exchanged. The automotive and construction industries prosper an enormous demand for coatings, paints, and non-tire rubber, which aids the black particles market.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Launch Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Zilkha Biomass Energy (U.S.)
- Bionet (Germany)
- Blackwood Technology (Netherlands)
- Arbaflame (Norway)
- Airex Energy (Canada)
- Bioendev (Sweden)
- ECN (Canada)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 94 Million in 2021 |
Market Size Value By |
US$ 367.54 Million by 2031 |
Growth Rate |
CAGR of 14.6% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the black particles market expected to touch by 2031?
The black particles market is expected to reach USD 367.54 million by the end of 2031.
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What CAGR is the black particles market expected to exhibit by 2031?
The black particles market is expected to exhibit a CAGR of 14.6% by 2031.
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Which are the driving factors of the black particles market?
Drivers of this black particles market are steam explosion and increasing demand from the automotive industry.
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Which are the top companies operating in the black particles market?
Zilkha Biomass Energy, Bionet, Blackwood Technology, Arbaflame, Airex Energy, Bioendev, and ECN are the companies operating in the black particles market.