Recovered Carbon Black Market Share
Recovered Carbon Black Market Share was valued at USD 1.3 Billion in 2022. The Recovered Carbon Black market industry is projected to grow from USD 1.9 Billion in 2023 to USD 8.6 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of .00% during the forecast period (2023–2030).
Recovered Carbon Black Market Segmentation
The Recovered Carbon Black Market Share has been categorized based on application and region.
On the basis of application, the global recovered carbon black market has been segmented into the tire, non-tire rubber, coatings, plastics, and inks.
The North American market dominated the global recovered carbon black market in 2017 due to the increasing demand for the product in automobile and ink applications. The US is expected to be the major contributor to the regional market growth owing to the growing consumption of the product in the automotive tire and non-tire applications. The Asia-Pacific market is projected to register the highest CAGR during the forecast period owing to the surging demand for the product in the growing rubber and automotive industries. China is projected to be the leading market in the region due to the rising demand for rCB in coatings and automobile tire applications.
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Hi Green Carbon (India), Pyrolyx AG (Germany), Black Bear Carbon B.V. (The Netherlands), Scandinavian Enviro Systems AB (Sweden), Delta-Energy Group, LLC (US), Alpha Carbone (France), DVA Renewable Energy JSC. (Vietnam), Enrestec Inc (Taiwan), Integrated Resource Recovery, Inc. (US), and SR2O Holdings, LLC (US) are some of the key players operating in the global recovered carbon black market.
Recovered carbon black (rCB) is an environmentally-friendly substitute for virgin carbon black which is obtained by pyrolysis of scrap and unused tires. It emits less carbon dioxide (CO2). It typically contains 10–20%, by weight, of non-carbonaceous material and is free from fabric and steel wire. Depending on its post-treatment method, rCB has reinforcing properties in the range of an N500-N700 standard carbon black.
Based on application, the global recovered carbon black market has been divided into tire, non-tire rubber, coatings, plastics, and inks. Among these, the tire segment dominated the global market in 2017 owing to the high consumption of recovered carbon black as reinforcing filler in tires. In addition, it is also used to impart color to tires. It is widely used in several automotive tire parts such as sidewalls, treads, and inner-liners.
The non-tire rubber segment accounted for the second-largest market share in 2017 and is estimated to register the highest CAGR in the coming years. This is attributed to the increasing use of the product in the manufacturing of conveyor belts, gaskets, rubber sheets, hoses, seals, and rubber roofing, among others. Additionally, it is also used in footwear rubber due to its high abrasion resistance property. Recovered carbon black Industry Analysis increases the overall strength of mechanical rubber products as it has low ash content.
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions Limitations
2.3 Markets Structure
2.4 Key Takeaways
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
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4 Market Dynamics Of Global Recovered Carbon Black Market
5 Market Factor Analysis Of Global Recovered Carbon Black Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.4 End User
5.2 Porter’s Five Forces Analysis
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Buyers
5.2.3 Bargaining Power Of Suppliers
5.2.4 Threat Of Substitutes
5.2.5 Intensity Of Competitive Rivalry
5.3 Pricing Analysis
LIST OF TABLES:
Table 1 Global Recovered Carbon Black Market: By Region, 2016−2023
Table 2 North America: Recovered Carbon Black Market, By Country, 2016−2023
Table 3 Europe: Recovered Carbon Black Market, By Country, 2016−2023
Table 4 Asia-Pacific: Recovered Carbon Black Market. By Country, 2016−2023
Table 5 Middle East Africa: Recovered Carbon Black Market, By Country, 2016−2023
Table 6 Latin America: Recovered Carbon Black Market, By Country, 2016−2023
Table 7 Global Recovered Carbon Black Application Market, By Regions, 2016−2023
Table 8 North America: Recovered Carbon Black Application Market, By Country, 2016−2023
Table 9 Europe: Recovered Carbon Black Application Market, By Country, 2016−2023
Table10 Asia-Pacific: Recovered Carbon Black Application Market, By Country, 2016−2023
Table11 Middle East Africa: Recovered Carbon Black Application Market, By Country, 2016−2023
Table12 Latin America: Recovered Carbon Black Application Market, By Country, 2016−2023
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