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Europe Carbon Black Market Forecast 2023-2032

KEY FINDINGS

The Europe carbon black market is predicted to project a 4.12% CAGR during the estimation period 2023-2032. Increasing demand from the polymer industry and the rising need for specialty carbon black in producing paints, coatings, and inks are expected to drive market growth.

MARKET INSIGHTS

The Europe carbon black market growth evaluation includes the assessment of Germany, the United Kingdom, Poland, Spain, Italy, Belgium, France, and Rest of Europe. In recent years, the carbon black market in Spain has experienced steady growth owing to the increased demand from several industries such as packaging, automotive, polymer, and textile. Specialty carbon black is known for its exceptional properties, such as high color performance, dispersibility, UV protection, and surface smoothness, making it suitable for various applications such as paint, adhesives, sealants, ceramics, coatings, plastics, and glass.

The Spanish Association of Plastics Industries (ANAIP) and Plastics Europe ES are responsible for overseeing the plastic industry in the region, and they have brought together several companies that manufacture and sell polymer products. The packaging, electronics, building, and construction industries are Spain's primary consumers of plastic products, thus driving high demand for carbon black within the country.

In France, the demand for rigid plastic products is dominant, and there is expected to be an overall increase in demand for packaging plastics in the coming years, particularly for small-scale packaging units. While the production of plastic products in the country is projected to remain stable, the demand for carbon black fillers in the plastics industry is expected to remain moderate during the forecast period.

COMPETITIVE INSIGHTS

Key market players include Orion Engineered Carbons SA, Imerys Graphite & Carbon, etc.

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Europe Carbon Black Market Forecast 2023-2032
Published By :Inkwood Research
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