Demand for Recovered Carbon Black to Surge as Sustainable Materials Gain Traction
The Recovered Carbon Black (rCB) industry is a growing sector in the field of sustainable materials. rCB is a material that is obtained by recycling end-of-life tires or other rubber products, which are then processed to obtain a high-quality carbon black material that can be used in various applications. The primary use of rCB is as a reinforcing agent in rubber products, such as tires, conveyor belts, and hoses. It can also be used in plastics, coatings, and other materials to improve their strength, durability, and performance. The global rCB industry is expected to experience significant growth in the coming years, driven by increasing environmental regulations, a growing demand for sustainable materials, and the need to reduce carbon emissions. According to a report by MarketsandMarkets, the market size for recovered carbon black is projected to grow from USD 55 million in 2018 to USD 491 million by 2023, at a compound annual growth rate (CAGR) of 55.0% during th...