Market Size of Europe Carbon Black Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 2.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Carbon Black Market Analysis
The Europe Carbon Black Market is estimated to reach over 2,120 Kilotons by the end of this year and is projected to register a CAGR of over 2.5% during the forecast period.
The market was/is negatively impacted due to the COVID-19 pandemic in the region, including decreased demand and productivity, supply chain disruptions, and regional lockdowns; however, the market showed significant growth in 2021 and continued to grow in 2022.
- Over the medium term, the major factor driving the market studied is the growing tire industry in Europe, growing application in fiber and textile industries, and increasing market penetration of specialty carbon black.
- On the flip side, the rising prominence of green tires and volatility in the prices of raw materials are the key factors anticipated to restrain the growth of the target industry over the forecast period.
- Adopting electric cars will likely create lucrative growth opportunities for the market soon.
- Germany dominated the market across the region due to the most significant production of tires. Also, the region is projected to witness the fastest growth during the forecast period.
