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Report Overview
The Europe carbon black market reached a value of about USD 2.91 Billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.90% to attain a value of USD 4.87 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe Carbon Black 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.
Europe Carbon Black Market Report Snapshots
Europe Carbon Black Market Size
Europe Carbon Black Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Europe carban black market reached a value of USD 2.91 Billion in 2023.
The market is projected to grow at a CAGR of nearly 5.90% in the forecast period of 2024-2032.
The major drivers of the industry include rising disposable incomes, increasing population, and rising demand from industries like the thriving automotive and infrastructure industries.
The easy availability of feedstock and the expansion of production units are expected to be the key trends guiding the growth of the industry.
Germany, France, United Kingdom, and Italy, among others, are the leading regions in the market.
The major products in the industry include acetylene, furnace, and thermal black, among others.
The major product grades include speciality grade and rubber grade.
The application sectors include industrial, printing and packaging, building and construction, and transportation, among others.
The leading players in the market are Birla Carbon, Cabot Corporation, Continental Carbon Company, Orion Engineered Carbons S.A., Tokai Carbon Co., Ltd., OJSC Kremenchug Carbon Black Plant, Carbon Black Kft., Kremenchug Carbon Black Plant, Others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124