The Europe carbon black market is being driven by its rising demand from industries like the thriving automotive and infrastructure industries. In 2018, almost 2.08 million metric tons of carbon black was produced in Europe. Being the second largest producer of the material in the world, the growth of the industry in the continent will drive the global market growth. In 2018, the global production stood at nearly 13 million metric tons. It is expected to grow further in the forecast period of 2019-2024, growing at a CAGR of 4.3%.

Europe accounts for nearly a fifth of the global production of the industry. It is the leading market for the product after the Asia Pacific region. While Germany is the largest importer of the product in the region, Eastern European countries are the major producers of the substance and extensively export the surplus output to the EU countries. Russia and the other Eastern European countries account for nearly 9% of the global production of the substance.

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