Carbon Black Market

Europe Carbon Black Market

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Europe Carbon Black Market Outlook 2031

The Europe carbon black market size was valued at USD 4.17 billion in 2022 and is projected to surpass USD 6.30 billion by 2031, expanding at a CAGR of 4.7% during the forecast period, 2023–2031. 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.

Europe Carbon Black Market Outlook

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.

Europe Carbon Black Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand from electronics, consumer goods, automotive, and construction industries is anticipated to drive the market demand during the forecast period.

  • Rapid growth of the rubber industry and growing concerns regarding dumping old of old tires which have surged the recycling are some of the major factors propelling the market expansion in the coming years.
  • Increasing concerns associated with hazardous emissions of various gases such as carbon monoxide, nitrogen oxide, sulfur dioxide, carbon dioxide, and other particulate matter during the manufacturing of carbon black possess as major challenge that can impede the market expansion during the forecast period.
  • Adverse effects caused by these emissions on human health resulting in hazardous issues such as breathing difficulty, nausea, tightness in chest, and dizziness has prompted International Agency of Research in Cancer (IARC) to raise concerns regarding these harmful impacts which is anticipated to hinder the market growth in the coming years.
  • R&D investment and technological advancement to improve the product efficiency aided towards enhancing the lifespan of the products are estimated to create lucrative opportunities for the market players.

Scope of The Europe Carbon Black Market Report

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

2022

Historic Data

2016–2021

Forecast Period

2023–2031

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

Europe Carbon Black Market Segment Insights

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.

Europe Carbon Black Market Applications

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.

Segments

The Europe carbon black market has been segmented on the basis of

Types

  • Furnace Black
  • Gas Black
  • Lamp Black
  • Thermal Black

Applications

  • Tires
  • Industrial Rubber Products
  • Plastics
  • Toners
  • Printing Inks
  • Coatings
  • Textile Fibers
  • Other Applications

Regions

  • Germany
  • United Kingdom
  • Italy
  • France
  • Russia
  • Rest of Europe

Key Players

Competitive Landscape

Key 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.

Europe Carbon Black Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Carbon Black Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Carbon Black Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Carbon Black Market - Supply Chain
  4.5. Global Carbon Black Market Forecast
     4.5.1. Carbon Black Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Carbon Black Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Carbon Black Market Absolute $ Opportunity
5. Global Carbon Black Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Carbon Black Market Size and Volume Forecast by Types
     5.3.1. Furnace Black
     5.3.2. Gas Black
     5.3.3. Lamp Black
     5.3.4. Thermal Black
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Carbon Black Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Carbon Black Market Size and Volume Forecast by Applications
     6.3.1. Tires
     6.3.2. Industrial Rubber Products
     6.3.3. Plastics
     6.3.4. Toners
     6.3.5. Printing Inks
     6.3.6. Coatings
     6.3.7. Textile Fibers
     6.3.8. Other Applications
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Carbon Black Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Carbon Black Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Carbon Black Demand Share Forecast, 2019-2026
8. North America Carbon Black Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Carbon Black Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Carbon Black Market Size and Volume Forecast by Types
     8.4.1. Furnace Black
     8.4.2. Gas Black
     8.4.3. Lamp Black
     8.4.4. Thermal Black
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Carbon Black Market Size and Volume Forecast by Applications
     8.7.1. Tires
     8.7.2. Industrial Rubber Products
     8.7.3. Plastics
     8.7.4. Toners
     8.7.5. Printing Inks
     8.7.6. Coatings
     8.7.7. Textile Fibers
     8.7.8. Other Applications
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Carbon Black Demand Share Forecast, 2019-2026
9. Latin America Carbon Black Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Carbon Black Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Carbon Black Market Size and Volume Forecast by Types
     9.4.1. Furnace Black
     9.4.2. Gas Black
     9.4.3. Lamp Black
     9.4.4. Thermal Black
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Carbon Black Market Size and Volume Forecast by Applications
     9.7.1. Tires
     9.7.2. Industrial Rubber Products
     9.7.3. Plastics
     9.7.4. Toners
     9.7.5. Printing Inks
     9.7.6. Coatings
     9.7.7. Textile Fibers
     9.7.8. Other Applications
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Carbon Black Demand Share Forecast, 2019-2026
10. Europe Carbon Black Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Carbon Black Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Carbon Black Market Size and Volume Forecast by Types
     10.4.1. Furnace Black
     10.4.2. Gas Black
     10.4.3. Lamp Black
     10.4.4. Thermal Black
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Carbon Black Market Size and Volume Forecast by Applications
     10.7.1. Tires
     10.7.2. Industrial Rubber Products
     10.7.3. Plastics
     10.7.4. Toners
     10.7.5. Printing Inks
     10.7.6. Coatings
     10.7.7. Textile Fibers
     10.7.8. Other Applications
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Carbon Black Demand Share Forecast, 2019-2026
11. Asia Pacific Carbon Black Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Carbon Black Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Carbon Black Market Size and Volume Forecast by Types
     11.4.1. Furnace Black
     11.4.2. Gas Black
     11.4.3. Lamp Black
     11.4.4. Thermal Black
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Carbon Black Market Size and Volume Forecast by Applications
     11.7.1. Tires
     11.7.2. Industrial Rubber Products
     11.7.3. Plastics
     11.7.4. Toners
     11.7.5. Printing Inks
     11.7.6. Coatings
     11.7.7. Textile Fibers
     11.7.8. Other Applications
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Carbon Black Demand Share Forecast, 2019-2026
12. Middle East & Africa Carbon Black Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Carbon Black Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Carbon Black Market Size and Volume Forecast by Types
     12.4.1. Furnace Black
     12.4.2. Gas Black
     12.4.3. Lamp Black
     12.4.4. Thermal Black
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Carbon Black Market Size and Volume Forecast by Applications
     12.7.1. Tires
     12.7.2. Industrial Rubber Products
     12.7.3. Plastics
     12.7.4. Toners
     12.7.5. Printing Inks
     12.7.6. Coatings
     12.7.7. Textile Fibers
     12.7.8. Other Applications
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Carbon Black Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Carbon Black Market: Market Share Analysis
  13.2. Carbon Black Distributors and Customers
  13.3. Carbon Black Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Cabot Corporation
     13.4.2. Mitsubishi Chemical Holdings Corporation
     13.4.3. OMSK Carbon Group
     13.4.4. Orion Engineered Carbons

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