IMARC Group has published a market research 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.
Carbon black is a form of amorphous carbon primarily produced through the incomplete combustion of hydrocarbons. It consists of fine particles, typically spherical or aciniform in shape, and has high surface area and carbon content. It is available in several types, including acetylene black, channel black, furnace black, and thermal black, each with unique properties and applications. It enhances the mechanical, electrical, and thermal properties of materials, extending product lifespan. It helps to reduce material costs and energy utilization in manufacturing processes. It utilizes carbonaceous waste streams, contributing to waste reduction and resource efficiency.
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Europe Carbon Black Market Trends and Drivers:
At present, the increasing employment of carbon black in the automotive industry for the manufacture of tires and various rubber parts used in vehicles represents one of the major factors strengthening the market growth in Europe. Furthermore, the growing innovation in tire technology, aiming for longer-lasting, more durable tires, is driving the demand for high-quality carbon black. Apart from this, the rising demand for carbon black for the production of industrial belts, seals, and gaskets to enhance properties like strength, durability, and resistance to degradation is contributing to the market growth in the region. Besides this, the increasing demand for high-performance coatings in the automotive, aerospace, and industrial sectors is catalyzing the demand for carbon black in these coatings for their ability to provide color, ultraviolet (UV) protection, and conductivity. Moreover, the growing shift towards a circular economy, which emphasizes recycling and sustainable materials, is driving the demand for recovered carbon black produced from recycled tires, offering a more sustainable alternative to traditional carbon black, reducing dependency on fossil fuels, and aligning with environmental goals. In addition, the rising development of new and improved methods for producing carbon black, focusing on reducing environmental impact and increasing efficiency, is supporting the market growth in the region. Additionally, the increasing shift towards renewable energy sources and the need for more efficient energy storage systems is encouraging the adoption of carbon black in batteries and fuel cells.
Report Segmentation:
The report has segmented the market into the following categories:
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
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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