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Europe Carbon Black Market to be Grow at a CAGR of 5.3% between 2022-2027

According to a new report by EMR titled, ‘Europe Carbon Black Market Report and Forecast 2022-2027’, the Europe carbon black market reached a value of around USD 2.62 billion in 2021. It is further projected to grow at a CAGR of 5.3% between 2022 and 2027 to reach a value of USD 3.75 billion by 2027.

The Europe carbon black market is the leading region in the global carbon black market after Asia Pacific. The global market of carbon black stood at around USD 15.04 billion in 2021, out of which almost USD 2.62 billion market was in Europe, thus contributing significantly to the global market for carbon black. Within Europe, Germany remains the largest importer of carbon black whereas the Eastern European countries are the major exporters of the product. The Europe carbon black market is witnessing a healthy growth due to the rising demand of the carbon black from the overseas markets, thus, making Europe, particularly Russia, a major exporter of the product. As carbon black is most widely used as a reinforcing filler in rubber, the growing automotive and tyre industries in the region provide further impetus to the carbon black market.

Moreover, continuously growing demand for water-borne and solvent-borne coatings is also boosting the growth in the Europe carbon black market. In June 2020, the Orion Engineered Carbons S.A. (NYSE: OEC) (the “Company” or “Orion”), a global supplier of specialty and high-performance carbon black, announced to expand its production capacity for Gas Blacks at its Cologne (Kalscheuren) plant, which is situated in Germany. Gas Blacks, Orion’s specialty grade for carbon black, has excellent fineness which provides the deepest blackness required for coatings. The company thus aims at expanding its market and providing high quality carbon black for specialty and technical rubber applications. The increasing innovation in the field of technology is further aiding the market. In April 2018, Orion announced that it has signed a contract with Haldor Topsoe (Lyngby, Denmark) for installing their sustainable emissions control technology, SNOX, in a carbon black production plant for the first time. The sustainable product development is expected to further propel the carbon black market growth in the region.

Market Breakup by Types, Grades, Applications, and Regions:

  • Carbon black, based on product types, can be divided into acetylene, furnace, and thermal black, among others.
  • The common carbon black grades are the specialty grade, rubber grade. 
  • The common sectors in which carbon black finds application are printing and packaging, building and construction, and transportation, among others.
  • The major regional markets for the carbon black market in Europe are Germany, France, United Kingdom, and Italy.

Key Findings of the Report:

  • The Europe carbon black market is being driven by the steady growth in the well-established automotive industry in the region.
  • The increasing demand of carbon black from the overseas market is further aiding the Europe carbon black market, and the region is emerging as the major exporter of the product.
  • The increasing number of tyre industries and other rubber related products is propelling the market forward.
  • The increasing use of specialty products, which find applications in segments like adhesives, and coatings, among others, are providing further impetus to the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the Europe carbon black market for the periods (2017-2021) and (2022-2027).
  • The historical (2017-2021) and forecasted (2022-2027) information for the product types, grades, applications, and regions have also been provided in the report issued by EMR.
  • It provides an assessment of the market based on the Porter’s Five Forces model along with SWOT and value chain analysis.

The major players included in the Europe black carbon market are Birla Carbon, Cabot Corporation, Continental Carbon Company, Orion Engineered Carbons S.A., Tokai Carbon Co., Ltd., OJSC Kremenchug Carbon Black Plant, Carbon Black Kft., Kremenchug Carbon Black Plant, among others. This comprehensive report by EMR covers the market share, capacity, and latest developments like mergers, acquisitions, plant turnarounds and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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