Market Overview

The Europe carbon black market is expected to expand at a CAGR of more than 4.6% during the forecast period of 2019 – 2024. Major factors driving the market studied are increasing use in fibers, rising demand for specialty carbon black, etc. However, competition from silica-based rubber products is expected to hinder the growth of the market studied.

• Use of new nanomaterial in tire production is likely to act as an opportunity in the future.
• Germany dominated the market across the region due to the largest production of tires.

Scope of the Report

The Europe carbon black market report includes:

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Key Market Trends

Increasing Application for Tires and Industrial Rubber Products

• Carbon black is used in tires primarily as a filler to enhance its various characteristics such as tread wear, fuel economy, longevity, etc.
• Carbon black is mainly required in the inner liners, sidewalls, and carcasses. It has heat-dissipation capabilities when added to rubber compounds. It also improves handling, tread wear, fuel mileage, as well as provides abrasion resistance.
• Carbon black is one of the most important industrial chemicals manufactured globally. Other than tires, it is also required for various molded and extruded industrial rubber products, such as conveyor belts, gaskets, air springs, grommets, vibration isolation devices, and hoses. It provides flex strength in such products.
• Europe has more than 91 tire manufacturing facilities, 15 R&D centers, and 12 leading tire manufacturers, which are currently in operation. Furthermore, both, the production and sales of, passenger cars, light commercial vehicles, and medium and heavy commercial vehicles in all of Western, Central, and Eastern Europe are expected to increase in the near future, thereby, boosting the market for tire, and hence, the use of carbon black in the region.
• Furthermore, in the rubber industry, carbon black is majorly used as a filler to achieve reinforcing effects, such as altering the modulus or tensile strength. In rubber-based adhesives, sealants, and coatings, it is used to enhance the intermolecular or cohesive forces of the product and to impart conductivity. Furthermore, in coatings, carbon black is used as a light-absorbing additive to counteract chemical degradation reactions.
• Therefore, considering the aforementioned factors, the demand for carbon black is expected to rise from the tires and industrial rubber products segment moderately during the forecast period.

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