Europe and Asia-Pacific Carbon Black Market Expected to Hit USD 33.25 Billion by 2031, Supported by Infrastructure Development and Growth in Plastic and Rubber Sectors | DataM Intelligence

Leander, Texas - The Europe and Asia-Pacific Carbon Black Market reached approximately USD 20.57 billion in 2024 and is expected to reach USD 33.25 billion by 2031, growing at a CAGR of 6.1% during the forecast period 2025-2031.4.

The growth in this market is primarily driven by the rising demand for carbon black in tire manufacturing due to increasing automotive production and use of high-performance tires.

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Industry Latest News 2025:

✅ Europe's carbon black market in 2025 grows due to firm demand from tire and plastics sectors, price increases driven by feedstock oil costs, and limited import competition; major producers include Michelin, Continental, and Nokian.

✅ Asia Pacific leads global carbon black consumption, driven by tire manufacturing, automotive, and industrial growth, especially in China and India, with a projected market size above USD 13 billion in 2025.

✅ Technological advancements focus on low-emission production methods, hydrogen-based processes, and development of specialty carbon blacks for high-performance coatings, conductive polymers, and lithium-ion batteries.

✅ Key trends include rising sustainable manufacturing compliance spurred by European Carbon Border Adjustment Mechanism and tightening emission caps, promoting modernized production and premium pricing for cleaner products.

✅ Recent developments feature growing usage of recovered carbon black with improved purification technologies, and industry investment in carbon capture and storage projects across Europe and Asia Pacific to support decarbonization goals.

Merges and Acquisitions (2025):

✅ Birla Carbon expanded production capacity in 2025 with strategic investments in India, China, and Hungary, targeting increased demand for carbon black in tire manufacturing and specialty applications across Asia Pacific and Europe.

✅ Cabot Corporation strengthened its presence in Europe and Asia-Pacific regions by acquiring smaller specialty carbon producers and enhancing sustainable manufacturing technologies in 2025.

✅ Tokai Carbon Co., Ltd., a leading Japanese carbon black manufacturer, completed acquisitions in Asia Pacific in 2025 to diversify its product portfolio and boost supply chain capabilities in automotive and industrial sectors.

Growth Drivers:

-Asia-Pacific dominates the global carbon black market with a revenue share of approximately 58% in 2024 and market size valued around USD 16 billion in 2024, forecast to grow to USD 26 billion by 2034 at a CAGR of about 4.8%. Major drivers include the region's large automotive and tire manufacturing industries, led by China, India, and Southeast Asia, which use carbon black extensively as a reinforcing filler to enhance tire durability and performance.

-The Asia-Pacific market benefits from availability of raw materials, supportive government policies, growing industrialization, and increasing demand for specialty carbon black in plastics and coatings. China, as the largest producer and consumer globally, leads the demand, driven by increased vehicle production and exports.

-Europe is the second-largest market, valued near USD 5.1 billion in 2025, with a growth rate around 4%, sustained by Europe's status as a major tire production hub hosting key global players such as Michelin, Continental, and Nokian. European demand is fueled by stringent regulatory standards on tire performance and environmental safety, innovation in specialty carbon blacks, and steady automotive manufacturing.

-Environmental regulations in Europe and North America provide both a driver and constraint, encouraging development of cleaner production methods and lower emission grades.

-The global carbon black market growth at a CAGR of around 4.8-5.5% through 2030 is primarily propelled by expanding tire production (~70% market share of carbon black demand), growth in plastics and coatings applications, rising construction activities, and need for high-performance materials in electronics and industrial sectors.

-Industry consolidation, increased R&D investments, production capacity expansion in Asia and Europe, and innovation in specialty carbon blacks with properties like conductivity and UV protection further boost market dynamics.

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Market Segmentation Analysis:

-By Type

Furnace Black: Largest segment due to wide use in tires and rubber products

Channel Black, Acetylene Black, Gas Black, Lampblack, Thermal Black: Serve specialized roles in pigment, conductivity, and high-performance applications

-By Grade

N990, N772, N774, N762: Standard industrial grades, with N990 dominating due to fine particle size ideal for tire reinforcement and durability

-By Application

Tire Rubber: Largest application segment, driven by automotive industry growth

Non-tire Rubber: Includes hoses, belts, and seals

Plastics: Used as pigment and UV stabilizer in polymers

Inks and Paints & Coatings: Coloring and protective properties

Others: Includes packaging, textiles, and construction

-By End User

Transportation: Automotive tires and parts manufacturing

Industrial Applications: Machinery belts, seals, and specialty rubber products

Printing & Packaging: Ink production and packaging coatings

Construction: Use in coatings and composites

Others: Electrical, consumer goods, and chemicals sectors

Key Regional Insights:

Europe: The Europe carbon black market is anticipated to reach approximately USD 5.10 billion in 2025, growing at a CAGR of around 4.% driven by strong tire manufacturing hubs in Germany, France, and the UK. The market benefits from advanced automotive production, strict environmental regulations promoting sustainable carbon black products, and growing demand for specialty carbon blacks in coatings and plastics.

Asia-Pacific: The Asia-Pacific region dominates the carbon black market with a valuation near USD 16 billion in 2024, expected to grow rapidly due to large-scale tire and rubber manufacturing in China, India, and Japan. The region benefits from high industrialization rates, expanding infrastructural development, and rising demand for specialty and recovered carbon black. China, the largest producer and consumer, drives growth alongside increasing adoption of carbon black in electronics and battery applications. The market is forecast to reach substantial growth by 2030, supported by technological advancements and government policy incentives for sustainable manufacturing.

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Competitive Landscape:

According to DataM Intelligence the Europe and Asia-Pacific Carbon Black Market is projected for steady growth driven by increasing demand from automotive tire manufacturing, industrial rubber applications, plastics, coatings, and inks.

Key Players:
Cabot Corporation | Orion Engineered Carbons S.A. | Phillips Carbon Black Limited | Thai Carbon Black Public Company Limited (Birla Carbon) | Tokai Carbon Co., Ltd.

Key Highlights (Top 5 Key Players) for Europe and Asia-Pacific Carbon Black Market:

-Cabot Corporation leads with innovative carbon black products serving tire, -automotive, and industrial sectors with a strong global footprint and sustainability initiatives.

-Orion Engineered Carbons S.A. holds a significant share with a broad portfolio in specialty carbon blacks for polymers and coatings, boosting performance and environmental compliance.

-Phillips Carbon Black Limited benefits from deep penetration in Asia-Pacific with diversified applications, including tires, plastics, and inks.

-Thai Carbon Black (Birla Carbon) is a market leader in Asia with capacity expansions in India, China, and Europe supporting rising demand and strategic client partnerships.

-Tokai Carbon Co., Ltd. specializes in advanced carbon black materials fitting high-end electronics and automotive uses in the region.

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