Europe Carbon Black Market

Market Overview:

The Europe carbon black market size reached US$ 2,756.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,907.9 Million by 2028, exhibiting a growth rate (CAGR) of 6.15% during 2023-2028.

Carbon black is a fine black powder manufactured from elemental carbon through the controlled pyrolysis and partial combustion of low-value oil residues at high temperatures. It has a high surface area that provides several benefits, such as greater jetness, higher conductivity, improved weatherability, and enhanced viscosity. It also offers increased reinforcement, high abrasion resistance, and improved tensile strength. As a result, it finds extensive applications in tires, pigments, ultraviolet (UV) stabilizers, conductive or insulating agents, plastic, ink, coatings, hoses, and conveyor belts.

Europe Carbon Black Market Trends:

At present, there is a considerable rise in the usage of carbon black in tires as a filler to enhance its various characteristics, such as tread wear, fuel economy, and longevity. This, along with its growing utilization in conveyor belts, gaskets, air springs, grommets, vibration isolation devices, and hoses, represents one of the key factors driving the market in Europe. Moreover, the increasing production and sales of passenger cars and light, medium and heavy commercial vehicles in the region are contributing to the growth of the market. Besides this, the growing employment of carbon black in the coating industry as a light-absorbing additive to counteract chemical degradation reactions is positively influencing the market in the region. In addition, there is an increase in the demand for carbon black in plastic compounders to enhance their color, opacity, electrical conductivity, and protection from ultraviolet degradation. This, coupled with the rising application of carbon black to increase the conductivity of plastic materials and dissipate electricity for protecting against static electrical discharge in wires and cables, is expected to bolster the growth of the market in Europe.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe carbon black market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on type, grade and application.

Breakup by Type:

• Furnace Black
• Channel Black
• Thermal Black
• Acetylene Black
• Others
   

Breakup by Grade:

• Standard Grade
• Specialty Grade
   

Breakup by Application:

• Tire
• Non-Tire Rubber
• Plastics
• Inks and Coatings
• Others
   

Breakup by Country:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage: