Carbon black in lead-acid battery market to register a growth of USD 116.06 Mn – Technavio – EQ Mag Pro
NEW YORK : The carbon black in the lead-acid battery market is expected to grow by USD 116.06 Mn during 2021-2026, progressing at a CAGR of over 4.45% during the forecast period. The market is driven by the increasing demand from the automotive industry.
In addition, the increasing adoption of hybrid power systems in telecom towers is anticipated to boost the growth of carbon black in the Lead-acid Battery Market. Request free sample pages.
Major Five Carbon Black in Lead-acid Battery Companies:
- Imerys S.A.: The company offers dried grapes that include golden raisins, black raisins, malayer raisins, and dark brown raisins.
- Orion Engineered Carbons SA: The company offers dried grapes that include Prunes, Prune Juice, Raisins, and Apricots.
- SGL Carbon SE: The company offers dried grapes that include raisins, seedless raisins, golden raisins, and chopped raisins.
- Superior graphite co: The company offers dried grapes that include Dried Fruit Raisins which have a sweet taste, chewy texture, and nutritional values.
- Cabot Corp.: The company offers dried grapes that include Probiotic Raisins.
Carbon Black in Lead-acid Battery Market Driver
Demand from the automotive industry, which is on the rise, is one of the main drivers propelling expansion in the market for carbon black in lead-acid batteries. The majority of batteries used in cars across the world are lead-acid batteries. However, because of its improved performance in specific applications, including UPS systems and ignition power sources for cars, carbon black is being used more and more in lead-acid batteries.
Significant battery R&D is being done to improve carbon black lead-acid battery technology’s performance compared to other battery technologies, such as lithium-ion batteries, in order to increase the use of carbon black lead-acid batteries in the automobile sector. Such elements will increase the demand for carbon black in vehicle lead-acid batteries.
A market trend for carbon black in lead-acid batteries that are anticipated to have a favorable effect in the next years is the growing deployment of hybrid power systems in telecom towers. However, over the projection period, the market for carbon black in lead-acid batteries will face significant challenges due to the rising competition from carbon black lithium-ion batteries.
Carbon Black in Lead-acid Battery Market Segmentation
The category of flooded lead-acid batteries will significantly increase its market share in carbon black for lead-acid batteries. With regard to deep-cycle battery technology, flooded lead-acid batteries have the advantage of being the most cost-effective and have the lowest cost per kilowatt-hour (kWh) cycle. During the forecast period, it is predicted that these factors would encourage the expansion of the flooded lead-acid battery segment in the global carbon black lead-acid battery market.
