Europe Carbon Black Market Insights Forecasts to 2032.

• The Europe Carbon Black Market Size was valued at USD 2.89 Billion in 2022.
• The Market is Growing at a CAGR of 4.9% from 2022 to 2032
• The Europe Carbon Black Market Size is Expected to reach USD 4.67 Billion by 2032.

The Europe Carbon Black Market size was valued at USD 2.89 Billion in 2022. The Europe Carbon Black Market Size is projected to exceed USD 4.67 Billion by 2032, growing at a CAGR of 4.9% from 2022 to 2032. The growing use of carbon black in various end-use industries, particularly paints and coatings, tires, and rubber, is driving the European carbon black market. Manufacturers in the carbon black market are focusing on product innovation in order to increase revenue in developing countries. The European carbon black market is being driven by an increase in demand for carbon black in the automotive industry.   

Market Overview

Carbon black is made by thermally decomposing heavy petroleum raw materials such as coal tar, ethylene cracking tar, or FCC tar. It is widely used because of its advantageous properties, which include efficiently absorbing ultraviolet (UV) light and converting it to heat, increased tire tread wear and rolling resistance, improved thermal conductivity, and superior UV protection. Oil furnaces and thermal processes are commonly used in product manufacturing. Increased product consumption in tire manufacturing, as well as increased plastic demand in the electronics, consumer goods, and automotive industries, will drive market growth. It is additionally utilized in various kinds of extruded and molded industrial rubber goods such as grommets, belts, air springs, hoses, and gaskets. The expanding manufacturing and construction industries are also helping to drive market growth. Industrial rubber along with related machinery, of which carbon black is an essential component, are utilized extensively in these industries. In the paints and coatings industry, it is also used in jet black paints used as primers.

Report Coverage

This research report categorizes the market for Europe carbon black market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe carbon black market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe carbon black market.

Driving Factors

The carbon black market is being driven by an increase in demand for carbon black in a variety of applications including plastics, rubber reinforcement, paints and coatings, battery electrodes, and inks and toners. The growing use of carbon black in the tire industry is a major driver of the carbon black market. Carbon black is frequently utilized in the tire and non-tire rubber formulations as a reinforcement filler. Europe vehicle sales and production are increasing, which is contributing to market growth. Carbon black is commonly used to reinforce rubber in tires. It can account for up to 30% of the weight of a tire. Carbon black is a key component of automotive rubber parts such as sealing systems, hoses, anti-vibration components, and engine mounts.

Restraining Factors

The price of crude oil may have an influence on the pricing of the target product in the coming years. Furthermore, air pollutants are released throughout the carbon black manufacturing procedure. A few European countries have enacted restrictions, while others have yet to enact any regulations to prevent or manage air pollution. Government regulations influence trends in the carbon black market. Reduced dark carbon discharges benefit air quality, human health, and the environment, even though pollution regulations are still being implemented in many countries.

Market Segment 

The Europe Carbon Black Market share is segmented into type and grade.

• The furnace black segment is expected to grow at a higher pace in the Europe carbon black market during the forecast period.               

The Europe carbon black market is divided by type into lamp black, specialty carbon black, channel black, acetylene black, furnace black, gas black, commodity carbon black, thermal black, and others. Among these, the furnace black segment is expected to grow at a higher pace in the Europe carbon black market during the forecast period. The market is expected to grow due to the increased use of the furnace black method for rubber reinforcing. This method is also used to create color pigments for cosmetics, and its increased use is expected to accelerate market growth. Furthermore, furnace black can be used for a variety of tasks such as coloring and rubber reinforcing. During the forecast period, all of these factors will drive the growth of the Europe Carbon Black Market.

• The standard grade segment is expected to hold the largest share of the Europe carbon black market during the forecast period.   

Based on the grade, the Europe carbon black market is classified into specialty grade and standard grade. Among these, the standard grade segment is expected to hold the largest share of the Europe carbon black market during the forecast period. The growth can be attributed due to the high demand for carbon black in the tire industry, which accounts for the largest portion of the overall market. Standard grade carbon black is widely used in tire manufacturing as a reinforcing agent, providing important properties such as strength, abrasion resistance, and durability. The tire industry is the biggest consumer of carbon black in Europe, so the standard grade segment dominates the market in terms of volume.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe carbon black market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. 

List of Key Companies

• Birla Carbon
• Black Bear Carbon B.V.
• Cabot Corporation
• Cancarb
• Carbon Black Kft.
• Continental Carbon Company
• Imerys Graphite & Carbon
• Mitsubishi Chemical Corporation
• Omsk Carbon Group
• Orion Engineered Carbons
• PHILLIPS CARBON BLACK LIMITED
• Tokai Carbon Co. Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments:

In February 2022, Orion Engineered Carbons has opened a new carbon black production line in Italy. It is a 25-kiloton manufacturing facility primarily for the European market of specialty and technical rubber carbon black. This new plant will provide customers with long-term and one-of-a-kind strategic solutions.

Market Segment

This study forecasts revenue at, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the Europe Carbon Black Market based on the below-mentioned segments:

Europe Carbon Black Market, By Type

• Lamp Black
• Specialty Carbon Black
• Channel Black
• Acetylene Black
• Furnace Black
• Gas Black
• Commodity Carbon Black
• Thermal Black
• Others

Europe Carbon Black Market, By Grade

• Specialty Grade
• Standard Grade

Europe Carbon Black Market, By Application

• Tires
• Industrial Rubber Products
• Plastics
• Toners
• Coatings
• Textile Fibers
• Others

Europe Carbon Black Market, By Country

• Germany
• United Kingdom
• Italy
• France
• Spain
• Belgium
• Russia
• The Netherlands
• Rest of Europe