Green Innovation: Exploring the Growing Recovered Carbon Black (rCB) Market
Understanding Recovered Carbon Black Recovered Carbon Black is a sustainable alternative to virgin carbon black, which is traditionally derived from the incomplete combustion of hydrocarbons. rCB is obtained by the pyrolysis of end-of-life tires, rubber products, or plastic waste, where carbon black is a primary constituent. This process not only diverts waste from landfills but also reduces the carbon footprint associated with the production of carbon black. Market Overview 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 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 has witnessed significant growth in recent years and is projected to continue its upward...