Conductive was the leading grade segment for specialty carbon black
Conductive emerged as the dominant grade segment owing to increasing demand conductive polymers in various end-use industries such as automotive and consumer goods. They further find wide application scope in organic transistors, sensors, antistatic packaging, textiles and solar cells. Technological developments in paint & coatings industry to widen application scope is expected to fuel conductive carbon black consumption over the forecast period.
Fiber grade is expected to witness significant growth owing to increasing demand from textile industry for applications such as polyester fiber, PP masterbatches, and other synthetic fibers. The segment is expected to grow at an estimated CAGR of over 5% from 2016 to 2024. Pigment Carbon Black
It is extensively used in the textile industry owing to high reproducible characteristics, low environment impact, strong light fastness and minimal colorant migration. They can be used for polyester, nylon, polypropylene and other synthetic fibers.
Food contact grade is expected to witness prolific growth over the next eight years owing to increasing convenience food consumption in emerging economies of Asia Pacific and Latin America such as India, Vietnam, Thailand, Malaysia, Brazil, and Argentina. Packaging is expected to emerge as the leading application for food-grade segment.