Carbon black is pure elemental carbon that is the fine or aggregate particles, which are made by incomplete combustion or decomposition of hydrocarbons under constrained pressure and temperature. Furnace black, acetylene black, thermal black, and gas black are some essential kinds of carbon black. Furnace black is usually produced with the assistance of heavy aromatic oils as feedstock. Carbon black is employed in a broad range of materials in order to enhance their performance on the basis of physical, electric, and optical properties. The Europe carbon black market is estimated to rise at a CAGR of around 4.6%. It was worth USD 3.6 billion in 2019 and is projected to reach USD 4.5 billion by 2024.
Market drivers and restraints:
Increasing call for specialty-grade carbon black for employment as a pigment in coatings, plastics, and other markets have prompted dominating black carbon makers to elevate their production capacity for specialty–grade carbon black. Changes in costs of raw materials and hazardous gases emitted into the atmosphere throughout the making of carbon black are essential restraining factors for the Europe carbon black market. The external alternatives of carbon black by other materials like precipitated silica or Nano silica is another restraint of the carbon black market.
Report segmented as:
By pigment source:
• Ivory black
• Vine black
• Lamp black
• Non-tyre rubber
• Inks and coatings
• Standard grade
• Specialty grade
On the basis of region, the Europe carbon black market is segregated into United Kingdom, France, Germany, Italy, Spain, Belgium, Netherlands and Rest of Europe.
Important market players:
The major players operating in the Europe carbon black market are Cabot Corporation, Mitsubishi Chemical Holdings Corporation, OMSK Carbon Group, Orion Engineered Carbons and Tokai Carbon Co.
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Sales Manager at Market Data Forecast