The Europe carbon black market size was valued at USD 3.8 billion in 2020 and is projected to surpass USD 6.5 billion by 2028, expanding at a CAGR of 4.7% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for specialty carbon black, rising use of fibers, and growing interest from industries such as automotive, infrastructure, and construction.
Carbon black is typically obtained as soot from partial combustion of hydrocarbons and used as reinforcing agents in automobile tires and various other rubber products. Carbon black is also used as extremely black pigments of high hiding power in various applications such as paint, carbon paper, and printing ink. Other applications of carbon black include usage in protective coatings, plastics, and resistors for electronic circuits. Adoption of carbon black is very high due to its beneficial characteristics such as efficient absorbing of UV light, increased tire tread wear, high rolling resistance, improved thermal conductivity, and superior UV protection.
Manufacturing process for carbon black include partial ignition of heavy petroleum, oil furnaces, and thermal decomposition method. Acetylene black, furnace black, channel black, and lamp black process are four distinctive procedures which are used to manufacture. Carbon black provides heat-dissipation capabilities when added to rubber compounds. Its application in rubber products improves handling, tread wear, fuel mileage, and provides resistance against abrasion. Apart from its applications in rubber tires carbon black is extensively used in various molded and extruded industrial rubber products such as air springs, vibration isolation devices, conveyor belts, gaskets, and grommets.
The report on the Europe carbon black market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Carbon Black Market – Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Furnace Black, Gas Black, Lamp Black, and Thermal Black), Applications (Tires, Industrial Rubber Products, Plastics, Toners, and Printing Inks, Coatings, Textile Fibers, and Other Applications) |
Regional Scope |
Germany, United Kingdom, Italy, France, Russia, and Rest of Europe |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Cabot Corporation, Mitsubishi Chemical Holdings Corporation, OMSK Carbon Group, and Orion Engineered Carbons |
Furnace Black segment is projected to constitute a major market share
Based on types, the Europe carbon black market is segmented into furnace black, gas black, lamp black, and thermal black. Furnace black segment is projected to constitute to a major market share because this process allows for mass production of carbon black with different particle structures and sizes. It is also highly used as a reinforcing agent in rubber manufacturing which is expected to drive the market demand in the coming years. On the other hand, thermal black segment is expected to register a significant growth rate in the coming years due to its UV absorbent properties which are in demand in the plastic industry, this is anticipated to fuel the market demand during the forecast period.
Plastic segment is expected to expand at a significant pace
In terms of applications, the Europe carbon black is segregated into tires, industrial rubber products, plastics, toners, and printing inks, coatings, textile fibers, and other applications. Plastics segment is expected to expand at a significant pace due to increasing demand from the electronic industry and its extensive use in manufacturing of a variety of plastic products such as industrial bags, pipes, films, stretch wrap, and photographic containers. Electronic devices typically prefer black color for most of the products manufactured, this is expected to spur the market growth during the forecast years. However, rubber products are anticipated to register a robust growth rate due to increasing demand from automotive and construction industry. Rubber products are used in manufacturing of tires and the growth of automotive industry is expected to fuel the demand in the coming years.
Germany is anticipated to dominate the market
On the basis of regions, the Europe carbon black market is categorized as Germany, United Kingdom, Italy, France, Russia, and Rest of Europe. Germany is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to growing demand for carbon black from different end uses such as tire, plastic, elastic, and coatings. Germany is world leader in automotive sector and the recent surge in demand for tires is expected to drive the market expansion during the forecast period.
The Europe carbon black market has been segmented on the basis of
TypesKey players competing in the Europe carbon black market include Cabot Corporation, Mitsubishi Chemical Holdings Corporation, OMSK Carbon Group, and Orion Engineered Carbons. Some of these players are adopting several business strategies including/such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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