PUBLISHER: Grand View Research | PRODUCT CODE: 1678690
PUBLISHER: Grand View Research | PRODUCT CODE: 1678690
The global recovered carbon black market size is estimated to reach USD 706.5 million by 2030, registering to grow at a CAGR of 16.4% from 2025 to 2030 according to a new report by Grand View Research, Inc. Rising awareness regarding environment sustainability and depletion of non-renewable energy resources is anticipated to result in rapid growth of the market.
The plastics industry is one of the most regulated sectors across the globe due to its exposure to petrochemicals. Recovered carbon black(rCB) is one of the vital ingredients in the plastic compounding sector, due to its opaque, conductivity, and UV protection properties. Thus, the global recovered carbon black demand is anticipated to be driven by the production of plastics globally. The substance is widely used in plastics for the production of pigments, conductive filler material, particulate reinforcement, and ultraviolet light (UV) absorber. Due to its UV absorption properties, the substance is preferred in the production of polyethylene and polyolefin, which are one of the widely used polymers.
Partnerships and collaborations are expected to play a major role in driving the recovered carbon black (rCB)market. In emerging economies, major players are establishing subsidiaries to gain an early advantage. One of the leading developers of pyrolysis and gasification systems, Klean Industries has signed an agreement, in October 2019 to supply these machines to India for the next 5 years. Black Bear Carbon which is one of the leading technology providers has entered into a strategic partnership with MMEC Mannesmann to boost the adoption of its tire recycling technology.
North America and Europe lead the consumption and production of recovered carbon black. The manufacturing sector in these regions is under high scrutiny from the local government bodies, which has resulted in increasing investment on waste management programs. Manufacturers in the region are also supported with capital investment for recycling and reusing product waste. Government of Terre Haute, Indiana, U.S. approved a finance of USD 70.0 million in bonds to Pyrolyx for the setup of their second manufacturing facility of recovered carbon black. Such initiatives have resulted in North America leading the market in terms of growth over the forecast period.