IMARC Group, a leading market research company, has recently releases report titled “Europe Carbon Black Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” offers a comprehensive analysis of the industry, which comprises insights on the Europe carbon black market forecast. The Europe carbon black market size reached US$ 2,756.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,907.9 Million by 2028, exhibiting a growth rate (CAGR) of 6.15% during 2023-2028.
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What are the growth prospects and trends in the Europe Carbon Black Industry:
The growing utilization of fine powder in tires as a filler to enhance its several characteristics, such as tread wear, fuel economy, and longevity, is primarily augmenting the Europe carbon black market. Furthermore, the rising production and sales of passenger cars and light, medium, and heavy commercial vehicles are acting as significant growth-inducing factors. Besides this, the increasing usage of black ash in conveyor belts, gaskets, air springs, grommets, vibration isolation devices, hoses, etc., is also bolstering the market growth.
Moreover, the escalating demand for carbon powder in the coating sector as a light-absorbing additive to counteract chemical degradation reactions is further catalyzing the regional market. Apart from this, the widespread adoption of fine powder in plastic compounders to enhance their color, opacity, electrical conductivity, and protection from ultraviolet degradation is positively influencing the market growth. Additionally, the rising application of the product to increase the conductivity of plastic materials and dissipate electricity for protecting against static electrical discharge in wires and cables is expected to drive the Europe carbon black market in the coming years.
Key Market Segmentation:
The report has segmented the market on the basis of end use industry.
Breakup by Type:
- Furnace Black
- Channel Black
- Thermal Black
- Acetylene Black
- Others
Breakup by Grade:
- Standard Grade
- Specialty Grade
Breakup by Application:
- Tire
- Non-Tire Rubber
- Plastics
- Inks and Coatings
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Key highlights of the report:
• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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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