The Business Research Company’s report on the Graphitized Carbon Black (GCB) Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the graphitized carbon black (gcb) market’s growth in recent years?
The rise in demand for electric vehicles is expected to drive the growth of the graphitized carbon black (GCB) market going forward. Electric vehicles (EVs) are automobiles powered by electric motors using energy stored in rechargeable batteries instead of internal combustion engines. The rise in electric vehicle demand is due to government incentives, which include subsidies, tax credits, and stricter emission regulations, making them more affordable and accelerating their adoption. Graphitized carbon black (GCB) is widely used in lithium-ion batteries of electric vehicles as a conductive additive in cathodes and anodes, improving electrical conductivity, energy density, and cycle life. For instance, in April 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, 2023 electric car sales increased by 3.5 million compared to 2022, representing a 35% year-over-year growth. Therefore, the rise in electric vehicle demand drives the growth of the graphitized carbon black (GCB) market.
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How does the future projection of the graphitized carbon black (gcb) market size compare to its historical growth?
The graphitized carbon black (GCB) market size has grown strongly in recent years. It will grow from $1.46 billion in 2024 to $1.58 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to growing demand for conductive materials, increasing demand in rubber industry, rising demand for lightweight and high-performance materials in automotive industry, increasing global steel production, and rising demand from the automotive industry.
The graphitized carbon black (GCB) market size is expected to see strong growth in the next few years. It will grow to $2.13 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to rising demand from the automotive industry, growing adoption of GCB in lithium-ion batteries, increasing usage in conductive coatings and inks, rising focus on sustainable materials, growing demand in the rubber and plastics industry, and rising electric vehicles (EV). Major trends in the forecast period include advancements in manufacturing processes, digitalization in carbon black manufacturing, integration of GCB in 3d printing technologies, collaborations for innovation, and advanced characterization techniques.
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Which key players are shaping the future of the graphitized carbon black (gcb) market?
Major companies operating in the graphitized carbon black (GCB) market are Mitsubishi Chemical Corporation, Imerys Graphite & Carbon, Cabot Corporation, Waters Corporation, Denka Company Limited, Orion Engineered Carbons S.A., Phillips Carbon Black Limited, Longxing Chemical Stock Co. Ltd., China Synthetic Rubber Corporation, Himadri Speciality Chemical Ltd., Birla Carbon, Phenomenex, Asbury Carbons, Continental Carbon Company, Cancarb Limited, Shandong Huibaichuan New Materials Co. Ltd., Markes International, Biosynth, Alfa Chemistry, Klean Industries Inc., Labsert Chemical, Omsk Carbon Group
What trends will propel the growth and evolution of the graphitized carbon black (gcb) market?
Major companies operating in the graphitized carbon black (GCB) market are focusing on technological advancements, such as the integration of weak Anion-Exchange (WAX), to enhance efficiency, accuracy, and speed in analytical applications, particularly for environmental contaminant testing like PFAS analysis. Weak anion exchange (WAX) is a chromatographic technique that uses a weakly basic functional group to selectively retain and separate anionic compounds, such as negatively charged contaminants, based on their electrostatic interactions. For instance, in March 2024, Waters Corporation, a US-based company specializing in analytical instruments and software, launched Oasis WAX/GCB and GCB/WAX Cartridges to streamline PFAS sample preparation by combining two clean-up steps, reducing processing time. These cartridges are QC-tested for low residual PFAS, ensuring accuracy and minimizing contamination risks. Eliminating manual steps like weighing, shaking, centrifugation, and filtration improves laboratory efficiency. With increasing PFAS regulations and legal scrutiny, Waters’ new cartridges provide a reliable solution for environmental testing.
Which regions are expected to become dominant players in the graphitized carbon black (gcb) market?
North America was the largest region in the graphitized carbon black (GCB) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the graphitized carbon black (GCB) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the graphitized carbon black (gcb) market, and how are they evolving?
The graphitized carbon black (GCB) market covered in this report is segmented –
1) By Type: High-Performance Graphitized Carbon Black, Standard Graphitized Carbon Black, Specialty Graphitized Carbon Black
2) By Production: Continuous Process, Batch Process, Modified Process
3) By Grade: Oil-Filled Graphitized Carbon Black, Wax-Filled Graphitized Carbon Black, Non-Filled Graphitized Carbon Black
4) By Application: Plastics, Coatings, Inks, Batteries, Other Applications
5) By End-User Industry: Automotive Industry, Consumer Goods, Construction, Electrical, Aerospace, Healthcare
Subsegments:
1) By High-Performance Graphitized Carbon Black: Ultra-High Purity Graphitized Carbon Black, High-Conductivity Graphitized Carbon Black, High-Thermal Stability Graphitized Carbon Black
2) By Standard Graphitized Carbon Black: General-Purpose Graphitized Carbon Black, Medium-Conductivity Graphitized Carbon Black, Reinforced Graphitized Carbon Black
3) By Specialty Graphitized Carbon Black: Surface-Modified Graphitized Carbon Black, High-Dispersion Graphitized Carbon Black, Color-Stable Graphitized Carbon Black
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How is the graphitized carbon black (gcb) market defined?
Graphitized carbon black (GCB) is a high-purity carbon material produced through controlled heat treatment, enhancing its conductivity, thermal stability, and structural properties. It is widely used in batteries, coatings, polymers, and conductive applications to improve performance and durability.
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