The latest research study “Europe Carbon Black Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Europe carbon black market size is expected to exhibit a CAGR of XX% during 2022-2027.
Carbon black represents a fine black powder manufactured from elemental carbon through the controlled pyrolysis and partial combustion of low-value oil residues at high temperatures. It consists of a high surface area that provides numerous benefits, such as greater jetness, higher conductivity, improved weatherability, enhanced viscosity, etc. Carbon black also offers increased reinforcement, high abrasion resistance, improved tensile strength, etc. It finds wide applications in tires, pigments, ultraviolet (UV) stabilizers, conductive or insulating agents, plastic, ink, coatings, hoses, and conveyor belts.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Europe Carbon Black Market Trends and Drivers:
The rising usage of carbon black in tires as a filler to enhance several characteristics, including tread wear, fuel economy, and longevity, is among the key factors stimulating the Europe carbon black market. Additionally, the inflating utilization of carbon black in conveyor belts, gaskets, air springs, grommets, vibration isolation devices, and hoses is also propelling the market growth.
Besides this, the increasing production and sales of passenger cars and light, medium and heavy commercial vehicles are further fueling the regional market. Apart from this, the growing usage of carbon black in the coating industry as a light-absorbing additive to counteract chemical degradation reactions is also driving the market growth.
Furthermore, the expanding demand for carbon black in plastic compounders to enhance their color, opacity, electrical conductivity, and protection from ultraviolet degradation is acting as another significant growth-inducing factor. Moreover, the elevating product applications to increase the conductivity of plastic materials and dissipate electricity to protect against static electrical discharge in wires and cables are expected to positively influence the Europe carbon black market over the forecasted period.
Europe Carbon Black Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has segmented the market on the basis of end use industry.
- Furnace Black
- Channel Black
- Thermal Black
- Acetylene Black
- Standard Grade
- Specialty Grade
- Non-Tire Rubber
- Inks and Coatings
- United Kingdom
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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