Europe Carbon Black Market Report and Forecast 2024-2032

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Being the second largest market of the material in the world, the growth of the industry in the continent will drive the global market growth. In 2021, the global market stood at nearly USD 15.03 billion. It is expected to grow further in the forecast period of 2024-2032, growing at a CAGR of 5.7%.

Europe accounts for nearly a fifth of the global production of the industry. It is the leading market for the product after the Asia Pacific region. While Germany is the largest importer of the product in the region, Eastern European countries are the major producers of the substance and extensively export the surplus output to the European Union countries. Russia and the other Eastern European countries account for nearly 9% of the global production of the substance.

The carbon black market in Europe is being driven by the rising export demand from overseas markets. The continent exports the substance to regions like the Middle East, Africa, and the US, among other regions. Russia, a major exporter in the continent, exports the product within the European region as well as to other regions like North America. North America primarily imports the substance from Russia along with China because of the lower costs.  Russia is its major exporter in Europe with multiple European countries importing the product from the Eurasian country over China, which is the largest producer globally. This is because the European countries acquire the material at a much lower cost with reduced costs of transportation. Thus, the Russian market is aided by the growing export demand. The easy availability of feedstock and the expansion of production units will also aid the growth of the industry in the country.

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Carbon Black: Market Segmentation

Market Analysis

It finds its leading application in the tyre industry. Thus, the growth of the industry is heavily dependent upon, not just the tyre industry, but also the automotive industry where tyres find their leading application. In Europe, the replacement tyre segment dominates the market. However, with the steady growth in new car registrations in the region post the economic crises of 2012 are leading to a moderate growth in the demand for OEM tyres. Germany is a leading tyre industry in the region with a thriving car manufacturing industry. The Germany automotive market saw an increase of almost 3% in 2018, as compared to 2017, and is forecasted to witness further growth in 2020. The growth in the sales of electric vehicles in the mature markets in Europe will provide further impetus to the Europe carbon black market. The increase in the sales of e-vehicles sales in the region is generating demand for speciality tyres to combat the wear caused by the vehicles’ high torque acceleration.

In Europe, speciality products are expected to witness a robust growth in the coming years. With the product being used in paints, sealants, adhesives, and coating, the steadily growing infrastructure industry in the region, especially the renovation and repair segment, will aid the industry further. The material is also used as an ink pigment and thus, is affected by the climate of the various sectors of the print industry. The Western Europe market for publishing printing is expected to attain USD 13.8 billion in 2021, while its print packaging industry will reach USD 52.3 billion in the same year.

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Key Industry Players in the Europe Carbon Black Market

The report gives a detailed analysis of the following key players in the Europe carbon black market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Birla Carbon
• Cabot Corporation
• Continental Carbon Company
• Orion Engineered Carbons S.A.
• Carbon Black Kft.
• Kremenchug Carbon Black Plant
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Europe Carbon Black Market Report Snapshots

Europe Carbon Black Market Size

Europe Carbon Black Market Analysis

Europe Carbon Black Companies