Lead-acid batteries are the most popular and large-capacity rechargeable batteries. They are very inexpensive on a cost-per-watt-base, which makes them cost-effective energy sources for automobiles, electrical vehicles, forklifts, marine, and uninterruptible power supply (UPS) systems. These batteries are built with numerous individual cells containing a layer of lead alloy plates. Typically lead-acid battery is composed of 35% of sulphuric acid and 65% water. Apart from this, other additives such as carbon black are also used in the battery to provide additional strength. Carbon black with a selected combination of properties such as high surface area, high conductivity, and high hydrophobicity is used in lead-acid batteries to provide improved charge acceptance and cyclability as well as reduced hydrogen evolution.
As lead-acid battery is the first commercial use battery, the consumer base for these batteries is very wide across the globe. Therefore, the demand for these batteries is also very high in the market. Globally, many initiatives are being taking place to reduce transport emissions. In addition, communication technologies have grown significantly due to technological advancements. Lead-acid batteries have emerged as a suitable source of energy in both cases to power commutation devices as well as transportation vehicles. As a result, the global lead-acid battery market is growing at a stable pace across the globe. Since the lead-acid battery is the lowest-cost energy source, factors such as growth in automotive sales, rise in demand for UPS systems, and surge in the marine trade are expected to drive the growth of the market in the upcoming years.
On the other hand, with change in the momentum of technology, new battery sources are emerging, where lithium-ion battery is considered to be a suitable alternative to a lead-acid battery. Therefore, the demand for lead-acid battery is expected to be hampered; thereby, restraining the global market growth.
The global carbon black in lead-acid battery market is segmented on the basis of battery type, grade, and region. By the battery type, it is segmented into flooded lead-acid battery and valve regulated lead-acid (VRLA) battery. By grade, it is divided into specialty and conductive. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major player studied and profiled in the global carbon black in lead-acid battery market are Imerys, Orion Engineered Carbons S.A., Cabot Corporation, SGL Carbon SE, Aditya Birla Group, Denka Company Limited, Superior Graphite, Shandong Jinkeli Power Sources Technology Co., Ltd, Continental Carbon Company, and Israzion Ltd.
COVID-19 analysis:
- According to the International Monetary Fund (IMF), due to the outbreak of novel coronavirus (COVID-19) pandemic, the global economy is expected to shrink by 3.0% in 2020. Many countries are under strict lockdown, which has forced several sectors to shut down their operations. This has halted manufacturing activities and reduced the demand and production of lead-acid batteries. Due to this the demand for carbon black additive from lead-acid manufacturers is anticipate to decline during the forecast period.
- According to the United Nations Industrial Development Organization (UNIDO), the Micro, Small & Medium Enterprises (MSME) sector across the developing economies, such as India, has been worst affected due to COVID-19 outbreak and the lockdown imposed thereafter. This is expected to decline the demand for lead-acid batteries and the carbon black additives used within. In addition, in the second half of 2020, some countries have started to lift restrictions and gradually start business operations in various sectors. Even with the gradual lifting of the lockdown, it is expected to be challenging for the manufacturing sector to get back to normal working conditions. This is expected to subsequently affect the market growth in coming years.
- The production of lead-acid batteries and carbon black additive is also likely to hamper during and after the lockdown due to non-availability of workers. According to the UNIDO, 30.0%-70.0% of pre-COVID-19 workforce of lead-acid battery and carbon black manufacturing companies has migrated back to their hometowns due to uncertainties and loss of income during the lockdown. This non-availability or less availability of workforce is expected to directly affect the annual production of lead-acid battery and carbon black.
- Automotive industry accounts for 60.0% share In termss of consumption of lead-acid battery globally. The automotive industry has been affected badly amid the lockdown imposed due to the COVID-19 outbreak and has recorded decline in production of vehicles (passenger & commercial) by 20.0% in 2020. Automotive manufacturers have halted their production activities due to disrupted supply chains of automotive components and decline in demand for passenger vehicles across the globe. The decline in production of passenger and commercial vehicles and downfall in numbers of newly registered vehicles are likely to decrease the demand and production for lead-acid battery which eventually will decline the demand of carbon black additive from battery manufacturers during the forecast period.
- E-bike industry accounts for 7.0% share In termss of consumption of lead-acid battery globally. Due to the COVID-19 pandemic, commuters are mostly avoiding public transportation. E-bikes are considered a safe, convenient, and affordable alternative to public transportation. Also, compared to other transportation systems, e-bikes are cheaper, easier to charge, and do not require huge investments in supportive infrastructure. This is estimated to boost the sales of e-bikes in 2020 and 2021. However, post-2021, the market is expected to return to normalcy. The sale of e-bikes was dampened in the first quarter of 2020, as e-bike stores were closed due to lockdowns. However, now that the lockdown has been lifted in most countries, including China, India, Japan, the U.S., Italy, and France, the sale of e-bikes has increased. This is likely to surge the demand of lead-acid battery from e-bike manufacturers which eventually will rise the production of battery and will surge the demand of carbon black additives from battery manufacturers.
- UPS system manufacturing industry accounts for 21.0% share In termss of consumption of lead-acid battery globally. The COVID-19 pandemic has posed business continuity challenges among various verticals, including construction and real estate, IT, healthcare, and manufacturing, owing to global lockdowns. It has impacted supply chains such as import and export control as per regional government policy and future influence on the industries. It has impacted the demand of UPS system in a negative way. The demand for UPS systems from enterprises is expected to be negative throughout 2020, particularly in retail, energy, transportation, IT, and government sectors. Due to this the demand for lead-acid battery is anticipate to decline from UPS system manufacturers resulting in decrease in production of lead-acid battery and the demand of carbon black additives from battery manufacturers.
Key Benefits for Stakeholders
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- The report outlines the current trends and future scenario of the global carbon black in lead-acid battery market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global carbon black in lead-acid battery market study.
- The profiles of key players and with their key strategic developments are enlisted in the global carbon black in lead-acid battery market report.
Key Market Segments
By Application
- Industrial Water Treatment
- Pulp & Paper Processing
- Oil & Gas
- Medical
- Food & Beverages
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Segments
By Battery Type
- Flooded Lead-Acid Battery
- Valve Regulated Lead-Acid (VRLA) Battery
By Grade
- Specialty
- Conductive
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 218 |
Published | April 2021 |
Forecast Period | 2019 - 2027 |
Estimated Market Value ( USD | $ 417.1 million |
Forecasted Market Value ( USD | $ 591.4 million |
Compound Annual Growth Rate | 4.5% |
Regions Covered | Global |