Europe Carbon Black Market Size (2024 - 2029)

The Europe Carbon Black Market is experiencing growth driven by the expanding tire industry and increasing applications in the fiber and textile sectors, alongside a rising penetration of specialty carbon black. Despite challenges such as the impact of the COVID-19 pandemic, which led to decreased demand and supply chain disruptions, the market has shown resilience and continued expansion. The shift towards electric vehicles presents new growth opportunities, although the market faces constraints from the growing popularity of green tires and fluctuating raw material prices. Germany leads the region in market share due to its substantial tire production, and the region is expected to see the fastest growth in the coming years.

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Market Size of Europe Carbon Black Industry

Europe Carbon Black Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 2.50 %
Market Concentration High

Major Players

Europe Carbon Black Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Carbon Black Market Analysis

The Europe Carbon Black Market is estimated to reach over 2,120 Kilotons by the end of this year and is projected to register a CAGR of over 2.5% during the forecast period.

The market was/is negatively impacted due to the COVID-19 pandemic in the region, including decreased demand and productivity, supply chain disruptions, and regional lockdowns; however, the market showed significant growth in 2021 and continued to grow in 2022.

  • Over the medium term, the major factor driving the market studied is the growing tire industry in Europe, growing application in fiber and textile industries, and increasing market penetration of specialty carbon black.
  • On the flip side, the rising prominence of green tires and volatility in the prices of raw materials are the key factors anticipated to restrain the growth of the target industry over the forecast period.
  • Adopting electric cars will likely create lucrative growth opportunities for the market soon.
  • Germany dominated the market across the region due to the most significant production of tires. Also, the region is projected to witness the fastest growth during the forecast period.

Europe Carbon Black Industry Segmentation

Carbon black is a fine carbon powder made by incomplete combustion or thermal decomposition of gaseous or liquid hydrocarbons under controlled conditions. The Europe carbon black market is segmented based on type, application, and geography. By type, the market is segmented into furnace black, gas black, lamp black, and thermal black. By application, the market is segmented into tires and industrial rubber products, plastics, toners and printing Inks, coatings, textile fibers, and other applications. The report also covers the market size and forecasts for the carbon black market in 5 countries across the region. The market sizing and forecasts for each segment are based on revenue (USD million) and volume (kilotons).

Type
Furnace Black
Gas Black
Lamp Black
Thermal Black
Application
Tires and Industrial Rubber Products
Plastics
Toners and Printing Inks
Coatings
Textile Fibers
Other Applications
Geography
Germany
United Kingdom
Italy
France
Russia
Rest of Europe
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Europe Carbon Black Market Size Summary

The Europe Carbon Black Market is experiencing a steady growth trajectory, driven primarily by the expanding tire industry and the increasing application of carbon black in fiber and textile sectors. Despite the initial setbacks caused by the COVID-19 pandemic, which led to decreased demand and supply chain disruptions, the market rebounded significantly in 2021 and continued its upward trend in 2022. The market's growth is further supported by the rising penetration of specialty carbon black. However, challenges such as the growing popularity of green tires and fluctuating raw material prices pose potential restraints. The adoption of electric vehicles is anticipated to create new growth opportunities, with Germany leading the market due to its substantial tire production and automotive industry presence.

Carbon black plays a crucial role in enhancing the durability and performance of tires by improving abrasion resistance, tensile strength, and heat conduction, while also protecting against UV radiation and ozone. Beyond tires, carbon black is essential for various industrial rubber products, contributing to their flexibility and strength. Germany's robust automotive and tire manufacturing sectors, along with its significant production of general rubber goods, position it as a key player in the European carbon black market. Major companies in Germany are adapting to market dynamics, and government initiatives to boost electric vehicle production are expected to further stimulate demand for carbon black. The market is characterized by consolidation, with major players like Cabot Corporation and Orion Engineered Carbons actively expanding their production capabilities to meet growing demand.

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Europe Carbon Black Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Tire Industry in Europe

      2. 1.1.2 Growing Application in Fiber and Textile Industries

      3. 1.1.3 Increasing Market Penetration of Specialty Black

    2. 1.2 Restraints

      1. 1.2.1 Rising Prominence of Green Tires

      2. 1.2.2 Volatility in Prices of Raw Materials

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Furnace Black

      2. 2.1.2 Gas Black

      3. 2.1.3 Lamp Black

      4. 2.1.4 Thermal Black

    2. 2.2 Application

      1. 2.2.1 Tires and Industrial Rubber Products

      2. 2.2.2 Plastics

      3. 2.2.3 Toners and Printing Inks

      4. 2.2.4 Coatings

      5. 2.2.5 Textile Fibers

      6. 2.2.6 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Germany

      2. 2.3.2 United Kingdom

      3. 2.3.3 Italy

      4. 2.3.4 France

      5. 2.3.5 Russia

      6. 2.3.6 Rest of Europe

Europe Carbon Black Market Size FAQs

The Europe Carbon Black Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)

Cabot Corporation, Mitsubishi Chemical Corporation, Omsk Carbon Group, Orion Engineered Carbons and Imerys Graphite & Carbon are the major companies operating in the Europe Carbon Black Market.

Europe Carbon Black Market Report Snapshots

Europe Carbon Black Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)