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We expect the Europe carbon black market to exhibit a CAGR of 5.47% during 2022-2027.
The rising adoption of carbon black across the coating industry as a light-absorbing additive to counteract chemical degradation reactions is primarily driving the Europe carbon black market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several European nations, resulting in the temporary closure of numerous end-use industries for carbon black powder.
Based on the type, the Europe carbon black market can be categorized into furnace black, channel black, thermal black, acetylene black, and others. Currently, furnace black accounts for the majority of the total market share.
Based on the grade, the Europe carbon black market has been segregated into standard grade and specialty grade, where specialty grade currently holds the largest market share.
Based on the application, the Europe carbon black market can be bifurcated into tire, non-tire rubber, plastics, inks and coatings, and others. Currently, tire exhibits a clear dominance in the market.
On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, and others, where Germany currently dominates the Europe carbon black market.
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