Compared with N550, N660 grade has a smaller surface area and a lower average texture. N550 has good dimensional stability for extruded shoes, belts, brake films, and plastic pipes. N550 is mainly used in the manufacture of tires and rubber products. Compared with grades above N550, lower grades have the highest demand because they have a wider range of applications and lower prices. The seven most common grades are classified as furnace black made from petroleum. The lower grade N550 segment in the Europe carbon black market is expected to register 5.9% growth during the forecast period. It is very cost effective, and its yield rate is higher as compared to the other processes. This process can completely control its characteristics such as particle size or structure.
The furnace black process involves the partial combustion of petroleum or kerosene as a raw material (feedstock oil) in high-temperature gas. Europe Market, By Processīased on process, the furnace black segment is predicted to expand at 6% CAGR through 2027. Profitability and cash flows are also exposed to foreign exchange rate fluctuation risks, thus affecting the financials of manufacturers. The global carbon black industry also witnessed a sudden rise and drop in raw material prices owing to a sudden drop in the demand for crude oil, rising inventory, and halt in production by OPEC countries. However, the European automobile industry is going through degrowth in sales due to the rising prices of automobiles, weak financial environment, and a decrease in disposable income. The industry’s performance is closely linked to the overall fortunes of the auto tire industry as a significant volume of the global production is consumed by it.
#CARBON BLACK N550 PDF#
Get more details on this report - Request Free Sample PDF In addition, it also has physical properties, such as thermal stability, color stability, and solvent resistance, and is widely used in paint & varnish industries. The driving force behind the market expansion is the growing demand for carbon black in the tire, construction, and manufacturing industries, which are used to provide resistance to industrial rubber compounds and other equipment. Europe Carbon Black Market size crossed USD 4.56 billion in 2020 and is expected to exhibit a CAGR of 5.9% from 2021 to 2027.
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