(2019 – 2024) Europe Carbon Black Market – CAGR GROWTH, TRENDS, ANALYSIS AND FORECAST
Europe Carbon Black Market is expected to grow at a CAGR of more than 4.6% during the forecast period of (2019 – 2024). And report provides complete market overview, list of top manufactures, scope of the report, key market trends of Europe Carbon Black market and main aspect about report- why should you buy this research report? so don’t miss it.
Europe Carbon Black 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.
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List of Top Key-players/Leading Manufacturers of Europe Carbon Black Market:
Scope of the Europe Carbon Black Market Report:
Global Europe Carbon Black Market is segmented by product type, distribution channel, and region. Based on the product, the market is segmented fruit-based Europe Carbon Black and dairy-based Europe Carbon Black. Fruit-based Europe Carbon Black hold the largest market share and is expected to be the fastest growing segment in the Europe Carbon Black market. On the basis of the distribution channel, the market is segmented into supermarkets/hypermarkets, restaurants, smoothie bars, convenience stores, and others. Moreover, the study provides an analysis of the Europe Carbon Black market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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Key Trends of Europe Carbon Black Market:
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.456- 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.456- 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.456- 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.456- 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.456- 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.
Germany to Dominate the Market
– Germany is expected to be the leading market for carbon black in Europe. The increasing demand for carbon black from various end-use industries, such as tire, rubber, coatings, and plastic, is expected to drive the carbon black market in Germany.456- Tire application accounts for a major share of the German carbon black market. Carbon black is majorly used as reinforcing filler in tires. It improves the life span of tires, as it conducts heat away from the tread and belt area of tires. It also enhances the properties of tires in terms of fuel mileage, abrasion resistance, and hysteresis; thereby, improving the overall performance of tires.456- Germany is the fourth largest vehicle producer in the world, just after China, the United States, and Japan; and the country has also built a reputation for high-quality automobile manufacturing. Such factors have positioned Germany as one of the most lucrative markets for leading global tire manufacturers.456- Such positive attributes are expected to drive the market for carbon black in Germany through the forecast period.
Reasons to Purchase Europe Carbon Black Market Report:
- The report analyses how the stringent emission control norms will drive the global Europe Carbon Black market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Europe Carbon Black market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Overview of TOC, what it contains? –
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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