Title: Europe Carbon Black Market Outlook - Industry Statistics Analysis By 2027
1 Europe Carbon Black Market 2022 Industry Trends
Growth Dynamics To 2027
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2 - Europe Carbon Black Market size is projected to
cross USD 4.56 Bn by 2027. One of the primary
factors driving Europe carbon black market
forecast is the rising product use in tire
manufacturing. The automobile sector is critical
to the prosperity of Europes economy. The EU is
one of the world's major makers of automobiles,
with the sector seeing some of the greatest
private investments in RD. As a result, the
expansion of the vehicle production and the high
rate of tire replacement in Europe have aided the
development of the carbon black market. - The furnace black method produces a significant
volume of the carbon black utilized in Europe.
Because of its high yield rates, this technique
is suited for mass manufacturing. Europe carbon
black industry share from the furnace black
segment is expected to grow at a 6 CAGR through
2027. This process produces the subtance by
partly combusting petroleum or coal oil as a raw
material in high-temperature gases. - Important facts delineating Europe carbon black
industry outlook - The most common application for rubbers is in
automobile tires. More than half of all rubber
produced is utilized directly in liners, inner
tubes, and tires. Carbon black is among the most
extensively utilized and cost-effective
reinforcing material. - Carbon black is significant in enhancing tire
performance characteristics. It prevents
electrostatic charging and helps to transfer heat
away from the hot sections on the tire,
particularly in the tread and belt sections. This
minimizes tire heat damage and increases tire
longevity.
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4 - The total Europe carbon black market size is
projected to be valued at USD 4.56 billion by
2027. Cabot Corporation, Birla Carbon,
Continental Carbon Company, Carbon Black Kft,
Orion Engineered Carbons S.A., Bridgestone Corp.,
Phillips Carbon Black Limited, and Tokai Carbon
Limited are among the leading manufacturers and
suppliers in Europe. - Europe carbon black industry size from the N550
grade segment is predicted to expand at 5.9 CAGR
over 2021-2027. N550 grade carbon black is mostly
utilized in the production of tires and rubber
goods. The furnace black derived from petroleum
is classed as the seven most prevalent grades.
Lower grades are in higher demand than grades
above N550 because they offer a broader variety
of uses and lower costs. - Carbon black has been used as a dark pigment in
inks paints for a long time. By 2027, Europe
carbon black market share from the printing
segment is expected to amount more than USD 115
million. The majority of the furnace black
produced substance used in printing is for
newspaper inks, with the remainder used for
letterpress, offset printing, flexographic, and
other inks. - Carbon black outperforms many other coloring and
tinting materials in terms of efficiency, as well
as resistance to light, temperature, and a
variety of chemical compounds. The rising need
for advertising materials in the food, retail,
electronics, and beverage industries is pushing
Europe carbon black industry forecast. With the
advancing role of the compound in tire
manufacturing, printing, and other sectors, the
industry is poised to experience excellent
prospects over the next six years.
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5 Segments of Europe Carbon Black Market
- Europe Market, By Process
- Furnace Black
- Thermal Black
- Acetylene Black
- Lamp Black
- Channel Black
- Europe Market, By Grade
- N-550
- N-660
- N-762
- N-772
- N-774
- N-990
- N-991
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