Global Carbon Black in Lead Acid Battery Market to Grow at a CAGR of 4.95% During 2020 –2030

Introduction

Lead-acid rechargeable batteries are the most common and robust type. Strengthening the battery is a top priority, so carbon black and other additives are used. Regular lead-acid batteries can benefit from the addition of carbon black because it increases the formation efficiency, decreases residual sulfate levels, and improves the electrical conductivity of the electrode.

Market Dynamics

Inexpensive Energy Storage Technique Drives the Global Market

The best batteries for portable electronics are lithium-ion and nickel-based ones. While lithium-ion and nickel-based batteries are ideal for portable electronics, stationary applications, and electric vehicles, classic lead-acid batteries are the more cost-effective option. Used lead-acid batteries tend to be bulkier due to their considerable weight (the average car battery weighs 18.6 kg). Additional massive bulk equates to poor efficiency in energy delivered per unit of weight. But lead-acid batteries' superior surge current capability makes them a better choice for automobile SLI systems. This is primarily why there is such a high demand for lead-acid batteries in the automobile sector.

Expanding Data Centres Worldwide Creates Tremendous Opportunities

Lead-acid batteries are commonly utilized in data center facilities because they can withstand the enormous energy output caused by increased internet traffic while maintaining a high power-to-weight ratio. Data centers frequently use lead-acid batteries with valve regulation due to their unregulated power source. As the necessity to expand the reach of the internet becomes clearer, businesses around the world are expanding their data centers to manage a wide range of data issues.

Amazon, the largest online retailer, plans to increase the number of data centers it operates across the United States. Therefore, it is predicted that there will be a more significant demand for lead-acid batteries to deliver electricity as more data centers are built in the coming years. Data center growth is predicted to boost demand for lead-acid batteries, which is expected to increase black carbon consumption by battery producers over the forecast period.

Regional Analysis 

Asia-Pacific is the most significant shareholder in the global carbon black in lead acid battery market and is expected to grow at a CAGR of 5.30% over the projected period. Numerous countries in the Asia-Pacific area make substantial contributions, including China, Japan, South Korea, India, and Australia. Growth in this region is fueled partly by a thriving auto industry, increasing industrialization, and a corresponding demand for UPS systems. Lead-acid batteries are the primary source of income for the automotive sector in Asia and the Pacific because of the region's high demand for passenger cars and the increasing popularity and uptake of electric vehicles. The need for electric vehicles is growing rapidly in the automotive sector to reduce emissions.

Europe is anticipated to grow at a CAGR of 5.30%, generating USD 191.96 million over the forecast period. Europe's legislative strategy has included cooperating with the government's mandated renewable targets. By law, each country in the European Union must increase its use of renewable energy sources. The region has flourished due to increased demand for lead-acid batteries, which are becoming increasingly popular for storing energy that is gentler on the planet. Germany, the United Kingdom, Italy, and France are among the top economies with the highest industrial output levels. Lead-acid batteries are widely used for material handling applications in forklift trucks as a cheap energy source.

Key Highlights

• The global carbon black lead acid battery market was valued at USD 450.20 million in 2021. It is projected to reach USD 695.42 million by 2030, growing at a CAGR of 4.95% during the forecast period (2022-2030). 
• Based on battery type, the global carbon black in the lead-acid battery market into flooded lead-acid and valve-regulated lead-acid (VRLA) batteries. The flooded lead-acid batteries segment is the highest contributor to the market and is anticipated to grow at a CAGR of 4.65% over the projected period.
• Based on grade, the global carbon black in the lead-acid battery market is bifurcated into specialty and conductive. The specialty segment owns the highest market share and is anticipated to grow at a CAGR of 5.20% during the projected period.
• Asia-Pacific is the most significant shareholder in the global carbon black in lead acid battery market and is expected to grow at a CAGR of 5.30% over the projected period.

Competitive Players

Competitive Players

The global carbon black in lead acid battery market’s major key players are Superior Graphite, Shandong Jinkeli Power Sources Technology Co., Ltd., SGL Carbon SE, Orion Engineered Carbons S.A., Israzion Ltd., Imerys, Denka Company Limited, Continental Carbon Company, Cabot Corporation, and Aditya Birla Group.

Recent Developments

Market News

• In November 2022, Cabot Corporation increased pricing for carbon black goods sold internationally by its specialty carbons division. The growth in the price of raw materials and other production-related expenses forced this price hike. The growth rate and timing will change by product and location. These price changes will ensure that Cabot remains a dependable, long-term provider of high-quality goods and services to its clients. 

Segmentation

Global Carbon Black in Lead Acid Battery Industry: Segmentation

By Battery Type

• Flooded Lead-Acid Battery
• Valve Regulated Lead-Acid (VRLA) Battery

By Grade

• Specialty
• Conductive

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA