Europe Carbon Black Market Price Trends 2023 | Size, Share, Demand, Forecast Report 2028

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" by IMARC Group, finds that 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 finely powdered substance derived from the controlled pyrolysis and partial combustion of low-value oil residues at extremely high temperatures. It possesses a notable high surface area, offering a range of advantages such as intensified jetness, enhanced conductivity, superior weather resistance, and improved viscosity. Moreover, this black powder provides increased reinforcement, heightened resistance to abrasion, and improved tensile strength. Consequently, it finds extensive utilization in various applications, including pigments, ultraviolet (UV) stabilizers, conductive or insulating agents, and in the production of plastics, inks, coatings, hoses, and conveyor belts, among others.

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What are the growth prospects and trends in the Europe Carbon Black Industry:

The increasing use of fine powder as a tire filler to improve characteristics like tread wear, fuel efficiency, and durability is the primary driver behind the growth of the carbon black market in Europe. Additionally, the growing production and sales of passenger cars, as well as light, medium, and heavy commercial vehicles, play a significant role in boosting market expansion. Furthermore, the growing adoption of black ash in various applications such as conveyor belts, gaskets, air springs, grommets, vibration isolation devices, and hoses is contributing to market growth. Furthermore, the rising demand for carbon powder in the coating industry as a light-absorbing additive to counteract chemical degradation reactions is catalyzing growth in the region. Additionally, the widespread use of fine powder in plastic compounders to enhance color, opacity, electrical conductivity, and protection from ultraviolet degradation is having a positive impact on market growth. Moreover, the increasing application of this product to enhance the conductivity of plastic materials and dissipate electricity to protect against static electrical discharge in wires and cables is expected to drive the Europe carbon black market in the years to come.

Europe Carbon Black 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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This release was published on openPR.