PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1164929
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1164929
Recovered Carbon Black Market size was valued at USD 120.8 Million in 2021, expanding at a CAGR of 38.4% from 2022 to 2028.
Pyrolysis, a heat catalytic degradation process where tire rubber is recycled to form carbon black, is a common method for producing recovered carbon black. In addition, steel and oil are produced, which are used in industrial, construction, and automotive applications wherein the carbon black is used.
Recovered carbon black (rCB) is increasingly being used in a variety of end-users, including transportation, industrial, printing and packaging, building and construction, and others, which is expected to fuel recovered carbon black market expansion. Recovered carbon black is widely deployed as a reinforcing agent in the non-tire rubber sector to conveyor belts, rubber sheets, manufacture hoses, gaskets, geo-membranes, seals, and rubber roofing. The recyclable tires abundance will also contribute to the market's expansion. The market is anticipated to develop as a result of the automotive industry's expansion.
Additionally, the need for eco-friendly alternatives and lowering carbon footprints present lucrative prospects to market participants during the study period. The increased demand for the product in the production of high-performance coatings is anticipated to fuel the recovered carbon black market growth. In place of conventional carbon black, recovered carbon black (rCB) improves the aesthetic and protective properties of coatings. However, the growth is hampered by the high expenditures of R&D and capital required to reach commercially viable production levels.
The Global Recovered Carbon Black Market is segmented on the basis of Application, End User, and Region.
The worldwide industry is segmented into six categories based on application: tire, coatings, non-tire rubber, inks, plastics, and others. The tire segment dominates the market. Increasing demand automotive industry is boosting segment growth.
The overall industry is splited into five categories based on end-user: transportation, industrial, printing, and packaging, construction, others. The transportation segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increase in the demand for recovered carbon black in transport businesses.
The Global recovered carbon black market is extremely consolidated in nature with the few players dominating the market with largest market share. Several companies are indulging in various strategic initiatives such as developing novel technologies to meet the requirements of the end-users. For instance, Pyrolyx manufactures the product in three grades which are rC-6400, cct-6400, and rC-7400. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, partnerships, distribution network development, R&D spending, and mergers and acquisitions.
For instance, in January 2022, Bolder Industries partnered with Tauber Oil. This collaboration will ensure the growth of sustainable materials and make Tauber Oil the exclusive buyer of BolderOil with the best supply.
This proposed research study on recovered carbon black market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Recovered Carbon Black market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Recovered Carbon Black market
Impact of COVID-19 on Recovered Carbon Black market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Recovered Carbon Black market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Recovered Carbon Black market, we have also included competitive landscape and key innovator analysis for the Recovered Carbon Black market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Recovered Carbon Black market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Recovered Carbon Black market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
Black Bear Carbon B.V.
Klean Industries
Tyrepress
Alpha Carbone
Radhe Group of Energy
Scandinavian Enviro Systems AB
DVA Renewable Energy JSC
Bolder Industries Corporate
Wild Bear Carbon B.V.
Greetings Green Carbon
Pyrolyx AG
Enrestec Inc.
GLOBAL RECOVERED CARBON BLACK MARKET, BY APPLICATION
Tire
Non-tire rubber
Plastics
Inks
Coatings
Others
GLOBAL RECOVERED CARBON BLACK MARKET, BY END USER
Transportation
Industrial
Printing and packaging
Construction
Others
GLOBAL RECOVERED CARBON BLACK MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA