According to the research report titled ‘Europe Carbon Black Market Forecast 2027 By Process, By Grade, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe carbon black market is expected to generate revenues worth USD 4.56 billion by the year 2027.
 

Widespread product adoption in tire manufacturing processes coupled with proliferating automotive sector are the prime factors fueling Europe carbon black market size. Europe has long been home for some of the world’s largest automakers, with the sector seeing some substantial R&D investments in recent past.

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Carbon black is known to enhance tire performance as it helps in preventing electrostatic charging as well as transfers heat away from hot parts of the tire. This further aids in lowering heat damage and improves tire longevity. Rising cognizance regarding tire replacement and mounting automobile production are thus, stimulating the overall industry outlook in Europe.

By process, the report claims that Europe carbon black market share from the furnace black segment is predicted to expand at 6% CAGR through 2027. This can be credited to the beneficial attributes of the process, such as high yield rates and ideal for mass manufacturing.

Moving on to grade type, the N-550 segment is anticipated to showcase 5.9% CAGR between 2021 and 2027. Carbon black of N-550 grade is widely used in producing tires and rubber products. Lower grades are currently in high demand since they offer broader variety of uses at affordable costs, thereby positively swaying the business dynamics in Europe.

Based on application spectrum, the report cites that tires & rubber goods segment is estimated to capture USD 3.6 billion by the year 2027. Carbon black is widely used for rubbers in vehicle tires, with over half of all rubber produced is employed in inner tubes, liners, and tires.

The printing segment, on the other hand, is calculated to generate revenues worth USD 115 million by 2027. Carbon black has long been used as a dark pigment in inks as well as paints, with most of the furnace black produced products are majorly employed as newspaper, letterpress, flexographic, and offset printing inks.

The competitive landscape of Europe carbon black market is defined by companies such as Philips Carbon Black Limited, Bridgestone Corp., Carbon Black Kft., OJSC Kremenchug Carbon Black Plant, Tokai Carbon Co. Ltd., Orion Engineered Carbon S.A., Dynamic Adsorbents Inc., Continental Carbon Company, Cabot Corporation, and Birla Carbon.