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The carbon black in lead-acid battery market size is forecast to increase by USD 113.4 million, at a CAGR of 4.3% between 2023 and 2028. The Carbon Black in Lead-Acid Battery market is experiencing significant growth due to the increasing demand from the automotive industry. The automotive sector's shift towards electrification and hybrid vehicles is driving the market's expansion. Additionally, the adoption of carbon black batteries in telecom towers for power backup systems is another growing trend.
However, the market faces challenges from the increasing competition posed by carbon black lithium-ion batteries, which offer higher energy density and longer cycle life. Despite this, the lead-acid battery market continues to grow, fueled by its cost-effectiveness, reliability, and widespread availability. The market is expected to witness steady growth in the coming years, with key applications in the automotive, telecommunications, and renewable energy sectors.
Carbon black, a conductive additive, plays a crucial role in enhancing the electrical conductivity of negative electrodes in lead-acid batteries. This property contributes significantly to the battery's performance and life cycle extension by suppressing lead sulphate formation. Lead-acid batteries are widely used in various applications, including telecom towers, fast charging systems, and the automotive sector, such as e-bikes, motive power, and forklift trucks. In the automotive industry, carbon black is used in both flooded and valve regulated lead-acid batteries, available in speciality grade and conductive grade. Carbon black also finds applications in electric motors, submarines, power backup systems like UPS and inverters. With the increasing focus on decarbonisation goals, carbon black in lead-acid battery market forecast significant growth. Additionally, carbon black's role extends to coating systems and polymers, further expanding its application scope in the battery industry.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The flooded lead-acid battery segment is estimated to witness significant growth during the forecast period. Lead-acid batteries, a dominant player in the energy storage market, are essential for various applications due to their reliability and cost-effectiveness. The negative electrodes, a critical component of these batteries, significantly impact their electrical conductivity and electrochemical performance. Lead sulphate suppression is a key factor in extending the life cycle of lead-acid batteries, which is crucial for telecom towers, fast charging applications, and electric vehicles like e-bikes and motive power systems.
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The flooded lead-acid battery segment accounted for USD 298.70 million in 2018 and showed a gradual increase during the forecast period. Flooded lead-acid batteries and valve regulated lead-acid (VRLA) batteries, two popular types, employ specialty grade and conductive grade lead for enhanced performance. Forklift trucks, electric motors, submarines, power backup systems, UPS, inverters, and automotive batteries all benefit from lead-acid technology. Decarbonisation goals drive the market for lead-acid batteries as cost-efficient energy storage solutions, with specialty chemicals and performance materials playing a vital role in improving battery efficiency. Nickel-based batteries, current requirements, and UPS systems also necessitate the use of lead-acid batteries. Recycling and sustainability are essential considerations, with coating systems and polymers employed to ensure safety and minimize chemical hazards. Data centers, energy density, and the growing demand for renewable energy storage further boost the market's growth.
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APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Lead-acid batteries, a dominant player in the energy storage market, are essential for various applications due to their reliability and cost-effectiveness. The negative electrodes, a crucial component of these batteries, significantly influence their electrical conductivity and electrochemical performance. Lead sulphate suppression is a critical factor in extending the life cycle of lead-acid batteries, which are widely used in telecom towers, fast charging applications, and motive power for electric vehicles like e-bikes and forklift trucks. In the quest for improved battery performance, speciality and conductive grades of lead are used in manufacturing flooded and valve regulated lead-acid batteries. These batteries find applications in diverse sectors, including electric motors, submarines, power backup systems, UPS, inverters, and automotive and industrial batteries. Decarbonisation goals have led to an increased focus on cost-efficient energy storage, driving the demand for lead-acid batteries. However, the emergence of lithium-ion batteries and nickel-based batteries presents challenges for lead-acid batteries in terms of energy density and chemical hazards. To address these challenges, advancements in coating systems, polymers, and specialty chemicals as performance materials are being explored. Recycling and sustainability are also crucial aspects of the lead-acid battery market, with efforts underway to optimize the production process and minimize environmental impact. Data centers are another significant application area for lead-acid batteries, which require surge current capabilities from UPS systems.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand from automotive industry is notably driving market growth. Lead-acid batteries, which are widely used as energy sources in various vehicles, including automobiles and electric bikes, are witnessing a significant enhancement with the integration of carbon black. This chemical additive is increasingly being adopted in lead-acid batteries due to its superior properties, particularly in applications such as uninterruptible power supply (UPS) systems and ignition power sources for automobiles. Traditional lead-acid batteries have limitations, including low energy density and the inability to be stored in a discharged condition due to sulfation. Carbon black, however, addresses these challenges by offering a quick burst of power output during surge current demands. Moreover, it improves the electrical conductivity of the battery, enabling it to deliver more power in less time. Carbon black's integration into lead-acid batteries has revitalized the aging technology, providing an inexpensive alternative to more advanced battery technologies like lithium-ion and nickel-based batteries.
Further, the use of carbon black extends beyond automotive applications, with forklifts, boats, and stationary applications also benefiting from its surge in current capacity and weight advantages. Despite the advantages, lead-acid batteries with carbon black still face challenges, including flammable gas hazards and chemical burns during the charging process. However, the power-to-weight ratio and environmental sustainability benefits make it an attractive option for industries, including hyper-scale data centers and renewable energy projects. Overall, the adoption of carbon black in lead-acid batteries is a game-changer, offering a cost-effective solution for various applications while maintaining the reliability and performance of traditional lead-acid batteries. Thus, such factors are driving the growth of the market during the forecast period.
Increasing adoption of hybrid power systems in telecom towers is the key trend in the market.In the rapidly expanding telecom industry, particularly in developing countries such as China, India, South Africa, and Brazil, the construction of telecom towers in remote locations with limited grid connectivity necessitates an efficient energy supply. Hybrid power systems, which combine renewable energy sources and backup diesel generators, are gaining popularity due to their reduced environmental impact. Carbon black in lead-acid batteries plays a crucial role in these hybrid systems, extending the battery life cycle. Lead-Acid Technology, a rechargeable battery energy source, is widely used in various applications, including electric vehicles (E-bikes), forklifts, boats, UPS systems, and stationary applications. The chemical makeup of these batteries consists of sulphuric acid and lead plates, which provide electrical conductivity and inexpensive energy storage.
However, lead-acid batteries have limitations, such as lower surge current capacity, charging process complexity, weight, and flammable gas hazards, including chemical burns. As the market shifts towards renewable energy and environmental sustainability, alternative battery technologies like lithium-ion and nickel-based batteries are gaining traction. These batteries offer a higher power-to-weight ratio, longer cycle life, and faster charging times. Despite these advancements, lead-acid batteries continue to dominate heavy battery applications due to their cost-effectiveness and proven reliability. In the context of hybrid power systems, carbon black additives improve the battery's performance and safety, making them a preferred choice for telecom applications, heavy-duty vehicles, and UPS systems. The future of lead-acid batteries lies in continuous innovation and the integration of advanced chemical additives to address their limitations and maintain their competitive edge in the market. Thus, such trends will shape the growth of the market during the forecast period.
Increasing competition from carbon black lithium-ion batteries is the major challenge that affects the growth of the market. The lead-acid battery market, which utilizes carbon black as a critical component in its chemical makeup, faces increasing competition from rechargeable batteries based on alternative technologies, such as lithium-ion and nickel-based batteries. Carbon black, a key additive in lead-acid batteries, enhances electrical conductivity and improves the overall performance of these batteries. However, the growing popularity of lithium-ion batteries in various applications, including electric vehicles (EVs), e-bikes, forklifts, boats, UPS systems, and stationary applications, is driving down the price of these batteries. This price advantage, coupled with their higher surge current capacity and power-to-weight ratio, poses a significant challenge to lead-acid batteries.
Furthermore, the charging process and weight of lead-acid batteries, along with flammable gas hazards and chemical burn risks, add to their disadvantages. Despite these challenges, efforts are being made to reduce the cost of carbon black in lead-acid batteries, with leading vendors focusing on technological advancements. This price reduction strategy aims to achieve price parity with internal combustion engines, making lead-acid batteries more competitive in the market. However, the environmental sustainability concerns associated with the production of lead-acid batteries and the increasing adoption of renewable energy sources may continue to impact their market growth. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecast report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Carbon black plays a crucial role in the production of negative electrodes for lead-acid batteries, which are widely used in various applications such as telecom towers, motive power for electric vehicles like e-bikes and forklift trucks, power backup systems in UPS and inverters, and industrial batteries for automotive and submarines. The addition of carbon black improves the electrical conductivity of the negative electrode, leading to enhanced battery performance and life cycle extension. Carbon black also helps in lead sulphate suppression, ensuring better electrochemical performance. In the lead-acid battery market, carbon black is used in both flooded and valve regulated lead-acid batteries. The market for specialty grade and conductive grade carbon black is significant due to the demand for high-performance batteries. Fast charging applications also require carbon black to improve the battery's ability to handle surge current. The transition towards decarbonisation goals and sustainability is driving the demand for cost-efficient energy storage solutions, leading to increased interest in lead-acid batteries. Carbon black, as a specialty chemical and performance material, is essential in the production of these batteries. However, the increasing popularity of lithium-ion batteries and nickel-based batteries in certain applications may pose a challenge to the lead-acid battery market. Carbon black coating systems and polymers are also used in the production of lead-acid batteries to improve their overall performance and safety. The recycling of lead-acid batteries is another area where carbon black plays a role, as it can be used as a raw material in the production of new batteries. Data centers and other large-scale energy storage applications also rely on lead-acid batteries for their energy density and reliability.
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Market Scope |
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Report Coverage |
Details |
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Page number |
133 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
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Market Growth 2024-2028 |
USD 113.4 million |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
4.2 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 47% |
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Key countries |
China, US, Japan, Germany, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Birla Carbon USA Inc, Cabot Corp., Denka Co. Ltd., Imerys S.A., IsraZion Ltd., Orion Engineered Carbons SA, SGL Carbon SE, Shandong Jinkeli Power Sources Technology Co. Ltd., and Superior graphite co |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Battery Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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