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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:
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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.
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