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European Carbon Black Market revenue to hit $4.56 Bn by 2027
Published Date: 2021-09-06
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European Carbon Black Market size is poised to surpass USD 4.56 billion by 2027, according to a latest forecast report by Graphical Research. The demand for carbon black is mainly driven by the increase in the consumption of rubber products (mainly tires). Due to the increasing demand for automobiles, the demand for tires in the emerging markets continues to grow, driving the demand for carbon black in the next few years.
Europe is home to many global auto parts manufacturers; therefore, the growth of the car manufacturing industry and the high rate of tire replacement in Europe have promoted the development of the tire market. However, automobile sales may decrease or increase as per the market trends & conditions although, the replacement tire market is much stable and has steady growth. In addition, the high living standards of European consumers and their support for increased investment per capita in new vehicles (sedans, light commercial vehicles, and MPVs) have stimulated the demand for high-quality, modern tires. The replacement tires market is a larger market for carbon black producers. These trends will boost market growth of carbon black from the tire industry.
Browse detailed statistical insights from the report, “Europe Carbon Black Market Forecast 2027 By Process (Furnace Black, Thermal Black, Acetylene Black, Lamp Black, Channel Black), By Grade (N-550, N-660, N-762, N-772, N-774, N-990, N-991), By Application (Graphite Manufacturing, Tires & Rubber Goods, Coatings, Polymers, Printing, Electronics), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Based on process, the value of acetylene black in the carbon black market is anticipated to exceed USD 329 million by 2027. Acetylene black is produced by the thermal decomposition of acetylene gas. The product obtained by this process has a higher structure and crystallinity. Some end users of black acetylene are fuel cells, sealants, batteries, solar panels, rubber compounds, conductive coatings, plastics, paints, ceramics, lubricants, adhesives, and electronics. These properties are likely to bolster segment growth.
In terms of grade, the N-762 grade segment in the carbon black market is growing at a CAGR of 5.1% from 2017 to 2027. N-762 grade has a high load carrying capacity, low hysteresis, and low reinforcement. This quality of carbon black is used to make molded parts, hoses, and mortars. It is used in rubber products especially tires as a reinforcing filler. Rubber products will increase the market share of carbon black during the projected timeframe. The N-772 grade is mainly used to manufacture inner tubes. The growing global tire demand is likely to propel the growth for N-772 grade in the next few years.
The printing segment will generate over USD 115 million by 2027. Most of the furnace black used in printing inks is used in newspaper inks, and the rest in letterpress, lithographic/offset printing, flexographic, gravure, and other inks. The growing demand for advertising materials in food, retail, electronics, and beverage industries is driving the development of the market.
The European carbon black market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Europe Market, By Process
- Furnace Black
- Thermal Black
- Acetylene Black
- Lamp Black
- Channel Black
Europe Market, By Grade
Europe Market, By Application
- Graphite manufacturing
- Tires & Rubber goods
The above information has been provided for the following countries:
- Rest of Europe