H1 2023: The prominent producers of Carbon Black in H1 2023 were Omsk Carbon Group, JSC Yaroslavskiy Tekhnicheskiy Uglerod (YATU), Orion Engineered Carbons S.A. In H1 2023, Carbon Black prices kept fluctuating in the European market. In the first three months of 2023, Carbon Black prices fell in the European region. A decrease in downstream demand deviated the Carbon Black prices in the European market towards south. Despite numerous occasions during which the European market for the downstream tyre and automotive sectors showed signs of improvement, the demand for Carbon Black did not significantly increase. In addition, there were abundance of Carbon Black stockpiles, which caused a mismatch in supply and demand, resulting in a drop in price. The supply rate was further boosted by busy ports and the absence of supply chain bottlenecks, which reduced the cost of carbon black in Europe. Carbon black prices in Europe saw a spike in April and the first half of May, followed by a minor decrease and a continuous wave from mid-May to June. However, in mid-May to June, the end-use industry's stagnant demand led to few inquiries which supported the low price of carbon black in Europe. As the demand from the downstream tyre and rubber industry increased, the prices of carbon black appeared to be on the rise in the German market, with market being bullish from April-June 2023.
The Europe Carbon Black market stood at approximately 199 million tonnes in 2022 and is expected to grow at a CAGR of 4.01% during the forecast period until 2035.
The primary market driver of the Europe Carbon Black market is the rubber industry. This chemical works as a filler in tyres and improves its physical characteristics and provides it greater strength. The addition of carbon black prevents electrostatic charging and aids in transferring heat away from some hotspots on the tyre, particularly around the groove and belt. This increases the tire's longevity and reduces thermal stress to it. The expanding rubber sector with applications in a wide array of industries like automotive and construction sectors will most likely hike up the demand of Carbon Black on a Europe level. Carbon Black serves as a pigment in paints and coatings as well. Additional growth prospects are possible to carbon black manufacturers thanks to the growing paints and coatings industry owing to industrialization.
Hence, the Europe Carbon Black market is anticipated to reach approximately 416 million tonnes by 2035.
Based on type, the Europe Carbon Black market is divided into Rubber segment and Speciality segment. Among these, Rubber segment holds the largest portion. Rubber is strengthened, given greater volume, has better physical properties, and the vulcanization process is reinforced with the aid of carbon black filler. Surgical gloves, car tyres, and shoe soles are all made from rubber goods.
Based on region, the Europe Carbon Black market is divided into Russia, Germany, France, Italy, United Kingdom, Spain, Poland, and Others. Among these, Germany is dominating the Carbon Black market, followed by France. Europe's largest carbon black market is anticipated to be Germany. The carbon black market in Germany is anticipated to be driven by the rising demand from numerous end-use sectors, including tyre, rubber, printing inks, and plastic. Europe's largest car market is in Germany. With numerous assembly and engine production facilities, the nation dominates the European automotive market and consumes largest share of carbon black for production of tyres.
Based on the end-user industry, the Carbon Black market is segmented into Tyres, Mechanical Rubber Goods, Plastics & Polymers, Printing Inks, and Others. Among these, the Tyres industry is the leading segment and accounted for around 65% of the share of total Carbon Black demand in 2022. This industry is anticipated to dominate the Europe Carbon Black market owing to growing demand of vehicles for transportation of good and people with the growing economies across the globe.
Significant players in the Europe Carbon Black market are Omsk Carbon Group, JSC Yaroslavskiy Tekhnicheskiy Uglerod (YATU), Orion Engineered Carbons S.A, JSC Nizhnekamsk Carbon Black Plant (PJSC Tatneft), Cabot Corporation, Birla Carbon, Orion Engineered Carbons S.A, JSC Kremenchug Carbon Black Plant, PJSC Kazanorgsintez, JSC Tuymazytekhglerod, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2035
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
The objective of the Study:
•To assess the demand-supply scenario of Carbon Black, which covers the production, demand, and supply of Carbon Black around the globe.
•To analyze and forecast the market size of Carbon Black.
•To classify and forecast the Europe Carbon Black market based on end-use and regional distribution.
•To examine Europe competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the Carbon Black market.
To extract data for the Europe Carbon Black market, primary research surveys were conducted with Carbon Black manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for the Europe Carbon Black market over the coming years.
ChemAnalyst calculated Carbon Black demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Carbon Black across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Carbon Black manufacturers and other stakeholders
• Organizations, forums and alliances related to Carbon Black distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Carbon Black manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Europe Carbon Black market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
199 million tonnes
Market size Volume by 2035
416 million tonnes
Growth Rate
CAGR of 5.87% from 2023 to 2035
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2035
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2035
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Tyres, Mechanical Rubber Goods, Plastics & Polymers, Printing Inks, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Russia, Germany, France, Italy, United Kingdom, Spain, Poland, and Others.
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Carbon Black market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Carbon Black.
3. Capacity By Location
To better understand the regional supply of Carbon Black by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Carbon Black by the leading players and forecast how it will grow in the coming years.
6. Demand by Type
Learn about the various types: Rubber segment and Speciality segment, and their demands. It will allow you to choose which type to concentrate on when designing your strategy.
7. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Tyres, Mechanical Rubber Goods, Plastics & Polymers, Printing Inks, and Others) are creating a market and the forecast for the growth of the Carbon Black market.
8. Demand by Region
Analyzing the change in demand of Carbon Black in different regions, i.e., Russia, Germany, France, Italy, United Kingdom, Spain, Poland, and Others, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Carbon Black. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Carbon Black.
11. Company Share
Figure out what proportion of the market share of Carbon Black is currently held by leading players across the globe.
12. Country-wise Export
Get details about quantity of Carbon Black exported by major countries.
13. Country-wise Import
Get details about quantity of Carbon Black imported by major countries.
14. Manufacturing Process
Discover insights into the intricate manufacturing process of Carbon Black.
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It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the Europe market size of Carbon Black in terms of volume for 2022?
Ans:
The Europe market size of Carbon Black was approximately 199 million tonnes in 2022, and it is expected to soar with a CAGR of 5.87% in the forecast period.
Q2.
What are the major end-use industries of Carbon Black?
Ans:
Carbon Black is used in Tyres, Mechanical Rubber Goods, Plastics & Polymers, and Printing Inks industries.
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