Recovered Carbon Black Market Analysis, Trends, Top Companies, Share, Growth And Forecast
The recovered carbon black (rCB) market refers to the market for carbon black that has been recovered or recycled from used or waste materials. Carbon black is a type of fine, black powder that is produced from the incomplete combustion of heavy petroleum products. It is commonly used in the production of tires, rubber, plastics, and other industrial products. The increasing use of environmentally-friendly and sustainable products in various applications, such as a tire, non-tire rubber, plastics, coatings, and inks, is expected to drive the recovered carbon black market. The recovered carbon black market size is estimated at USD 55 million in 2018 and is projected to reach USD 491 million by 2023, at a CAGR of 55.0% between 2018 and 2023. The recovered carbon black market provides the analysis by Application (Tire application, Non-Tire Rubber application, Plastics application, Coatings application, and Inks application), and Region (North America, Europe, Asia Pacific, RoW).
The main driver for the recovered carbon black market is the increasing demand for sustainable and environmentally-friendly alternatives to virgin carbon black. Recovered carbon black is produced from waste tires and other recycled materials, making it a more sustainable option compared to virgin carbon black, which is derived from fossil fuels. The growing awareness about the environmental impact of carbon black production and the need to reduce greenhouse gas emissions are also driving the demand for recovered carbon black. Additionally, recovered carbon black has similar properties to virgin carbon black, making it a suitable substitute in various applications, including tires, rubber, and plastics. These factors are expected to drive the growth of the recovered carbon black market in the coming years.
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- Pyrolyx (Germany)
- Delta-Energy Group (US)
- Black Bear Carbon (Netherlands)
- Scandinavian Enviro Systems AB (Sweden)
- Klean Industries (Canada)
- Radhe Group of Energy (India)
- Alpha Carbone (France)
- Bolder Industries (US)
- DRON Industries (Slovakia)
- DVA Renewable Energy JSC (Vietnam)
- Enrestec (Taiwan)
- Integrated Resource Recovery (US)
- SR2O Holdings (US)
On the basis of application:
- Tire
- Non-tire rubber
- Plastics
- Coatings
- Inks
Recovered carbon black (rCB) is a material that is produced through the process of recovering and purifying carbon black from end-of-life tires. Carbon black is a high-performance filler used in a variety of applications, including tires, rubber, plastics, and coatings. The market for recovered carbon black is growing, as it is seen as a sustainable alternative to traditional carbon black, which is produced from fossil fuels.
The tire industry is the largest market for carbon black, and as such, it is likely to hold the largest market share in the recovered carbon black market as well. In recent years, the tire industry has been moving towards the use of sustainable and eco-friendly materials, and rCB is a natural fit for this trend.
There are several reasons why the tire industry is well-positioned to hold the largest market share in the rCB market. Firstly, tires are the largest source of carbon black in the world, so the industry has a strong incentive to recycle and repurpose this material. Secondly, the tire industry has the infrastructure and expertise in place to handle the large volumes of carbon black produced by end-of-life tires. Finally, the use of rCB in tires can help tire manufacturers meet increasing consumer demand for sustainable products.
Overall, the tire industry is likely to play a major role in the growth of the recovered carbon black market, and it is well-positioned to hold the largest market share in this market.
On the basis of region:
- North America
- Europe
- APAC
- Rest of World
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APAC estimated to be fastest-growing market for recovered carbon black during the forecast period
APAC is estimated to be the fastest-growing market for recovered carbon black during the forecast period due to the increasing demand for sustainable products from the growing automotive and tire industries in the region. Additionally, the increasing production of rubber products and plastics is driving the growth of the recovered carbon black market in this region. China is projected to be the fastest-growing market for recovered carbon black in Asia Pacific, followed by India. North America is the second-fastest growing market for recovered carbon black.
Table of Contents
1 Introduction (Page No. - 12)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Market
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 15)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 22)
4 Premium Insights (Page No. - 24)
4.1 Attractive Opportunities in the Recovered Carbon Black Market
4.2 Recovered Carbon Black Market, By Application
4.3 North America Recovered Carbon Black Market, By Application and Country
4.4 Recovered Carbon Black Market, By Country
Continued...
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