Press release
Europe Carbon Black Market Outlook 2023: Size, Share, Price, Analysis, Top Manufacturers, Report 2028
Europe Carbon Black market Outlook
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" 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.
What is Carbon black?
Carbon black is a form of amorphous carbon that is produced by the incomplete combustion of petroleum products or natural gas. It consists of fine particles of carbon that have a high surface area, making it highly effective in various industrial applications. It is used in the rubber industry to improve the mechanical properties of rubber products. It enhances the tensile strength, abrasion resistance, and durability of rubber compounds, making them suitable for applications such as tires, conveyor belts, gaskets, and seals. Furthermore, as it is used as a pigment in the printing industry due to its intense black color, its demand is increasing in Europe.
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What are the growth prospects and trends in the Europe Carbon Black Industry:
At present, the increasing demand for carbon black for manufacturing batteries, electronic components, and coatings where electrical conductivity is required represents one of the crucial factors impelling the growth of the market in Europe. Besides this, the rising utilization of carbon black as a reinforcing filler in tire manufacturing to improve tire strength, wear resistance, and overall performance is contributing to the growth of the market in the region. In addition, the growing demand for specialty carbon black in the production of advanced polymers is offering a favorable market outlook. Apart from this, the rising focus on sustainable and green solutions is bolstering the growth of the market in Europe.
Who are the Key Players Operating in the Industry?
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 (2017-2022)
• Market Outlook (2023-2028)
• 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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Contact US
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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