#Recovered Carbon Black Market analysis
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Recovered Carbon Black Market: Driving Circular Economy Initiatives
Market Overview:
Recovered carbon black (rCB) is a form of recycled carbon black produced from waste tyres and other rubber products. It is used in the production of various rubber goods and applications such as tires, mechanical rubber goods, and others.
Market Dynamics:
Two major drivers aiding the growth of recovered carbon black market are rising concerns over environmental pollution and stringent regulations regarding carbon emissions. Growing automotive industry worldwide has substantially increased the volume of discarded tires, which serves as a key source for recovered carbon black production. Various countries have implemented regulations banning the use of certain types of carbon black and enforcing the use of recovered carbon black to reduce carbon footprint. Also, recovered carbon black offers comparable quality and performance to that of virgin carbon black at a lower cost. This is encouraging manufacturers to increase reliance on rCB over conventional carbon black.
Major Driver: Increasing demand for carbon black from the tire industry
The tire industry accounts for around 70% of the total recovered carbon black demand globally. With rapid growth in the automotive industry, especially in emerging economies such as China and India, the demand for tires has increased significantly over the past few years. Recovered carbon black finds wide application in tire manufacturing due to its comparable physical and chemical properties to virgin carbon black. It can replace up to 30% of virgin carbon black content in tires. The demand for recovered carbon black from tire manufacturers is expected to continue rising with growing vehicles production and sales around the world.
Major Driver: Stringent environmental regulations regarding carbon emissions
Burning of used tires and other rubber products results in the release of various air pollutants and greenhouse gases into the environment. Many governments and regulatory bodies across major economies have imposed strict regulations targeting reduction of carbon footprint from such uncontrolled burning. Recovered carbon black production involves recycling of carbon content from old tires and rubber goods in an environmentally-controlled process, thereby minimizing air pollution. The end-product, recovered carbon black, also has a lower carbon footprint than virgin carbon black. Such companies are now under legal obligation to use recovered carbon black in their operations where possible. This is a major factor driving its higher demand.
Major Restraint: High costs associated with recovered carbon black production
While recovered carbon black yields environmental benefits, its production process entails higher costs compared to virgin carbon black. The expenses involved in collection, sorting, preprocessing and refining of used tires add to its overall manufacturing costs. Also, the capital expenditure required for setting up recovered carbon black plants is significant. These financial challenges pose a restrain to widespread adoption of this material. Many buyers prefer cheaper virgin carbon black if not mandated otherwise by regulations. Cost optimization through economies of scale and technological advancements is critical to overcoming this restraint.
Major Opportunity: Increasing requirement in non-tire rubber goods
Though the tire industry dominates its consumption currently, recovered carbon black holds promising growth opportunities in other rubber product domains as well. Rubber materials find diverse applications across industries like automobile interior & exterior parts, wires & cables, hoses & belts, footwear, flooring, seals & gaskets, and more. With growing preference for green and recycled materials, demand for recovered carbon black is rising from these non-tire sectors. Its novel properties provide functional benefits in products. If large buyers from these industries incorporate recovered carbon black in their materials, itsaddressable market scope will increase multifold in the coming years.
Major Trend: Advancements in carbon black recovery technologies
Continuous innovations are taking place to develop improved and cost-effective methods for recycling carbon content from end-of-life rubber products. New pretreatment and separation techniques enhance recovered carbon black yield and quality. Novel thermal cracking and refining mechanisms optimize energy usage. Adoption of Industry 4.0 technologies like IoT, AI, big data for predictive maintenance and process optimization helps recovered carbon black plants achieve higher efficiencies. Some pioneering companies even utilize carbon dioxide from flue gases to synthesize carbon black, creating a carbon negative footprint. As newer, greener technologies become commercially viable, production costs will reduce, driving the recovered carbon black industry to its next phase of growth.
#Recovered Carbon Black Market Share#Recovered Carbon Black Market Growth#Recovered Carbon Black Market Demand#Recovered Carbon Black Market Trend#Recovered Carbon Black Market Analysis
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Recovered Carbon Black Market Is Estimated To Witness High Growth Owing To Growing Demand for Sustainable Solutions and Increasing Adoption of Circular Economy Practices
A) Market Overview:
The global Recovered Carbon Black (rCB) Market is estimated to be valued at US$55 million in 2018 and is expected to reach a market value of US$BN/MN by 2022, exhibiting a CAGR of 55.0% over the forecast period (2018-2023), as highlighted in a new report published by Coherent Market Insights. rCB is a raw material derived from end-of-life tires and rubber products through a process called pyrolysis. It offers numerous benefits such as reduced carbon emissions, lower energy consumption, and reduced waste generation. Key applications of rCB include tire manufacturing, rubber products, non-tire rubber applications, plastics, and coatings.
B) Market Dynamics:
1. Increasing Demand for Sustainable Solutions:
The growing focus on environmental sustainability and the need to reduce carbon footprint are driving the demand for rCB. The carbon black manufacturing process is highly energy-intensive and contributes significantly to CO2 emissions. rCB, on the other hand, offers a sustainable alternative by utilizing waste tires and rubber products as feedstock. Additionally, the use of rCB helps in reducing the consumption of virgin carbon black, conserving natural resources.
2. Increasing Adoption of Circular Economy Practices:
The circular economy approach promotes resource efficiency, waste reduction, and recycling. The use of rCB aligns with the principles of the circular economy as it enables the valorization of waste tires and rubber products. Governments worldwide are implementing regulations and incentives to promote circular economy practices, which is further propelling the demand for rCB.
C) Market Key Trends:
The market key trend in the Recovered Carbon Black Market is the growing adoption of rCB in tire manufacturing. Tire manufacturers are increasingly using rCB as an alternative to traditional carbon black due to its sustainability advantages. For example, Michelin, a leading tire manufacturer, has collaborated with various rCB producers to incorporate rCB into their tire manufacturing process. This trend is driven by the need for eco-friendly tires in response to consumer demand for sustainable products.
D) SWOT Analysis:
- Strengths:
1. Environmental Sustainability: rCB offers a sustainable alternative to traditional carbon black, reducing carbon emissions and waste generation.
2. Cost-effectiveness: rCB is cost-competitive compared to virgin carbon black, offering potential cost savings for manufacturers.
- Weaknesses:
1. Lack of Standardization: The quality and properties of rCB can vary depending on the pyrolysis process used, leading to inconsistencies in performance.
2. Limited Awareness: Many industries are still unaware of the benefits of rCB and its potential applications, limiting its market adoption.
- Opportunities:
1. Adoption in Various Industries: The potential applications of rCB extend beyond tire manufacturing, including rubber products, plastics, coatings, and more.
2. Government Support: Favorable regulations and incentives promoting the use of sustainable materials are expected to drive the demand for rCB.
- Threats:
1. Competition from Virgin Carbon Black: The established presence and wide availability of virgin carbon black pose challenges for rCB market growth.
2. Quality Control: Ensuring consistent quality and performance of rCB across different suppliers and manufacturing processes can be a challenge.
E) Key Takeaways:
- The global rCB market is expected to witness high growth, exhibiting a CAGR of 55.0% over the forecast period, due to increasing demand for sustainable solutions and the adoption of circular economy practices.
- Regionally, North America is anticipated to be the fastest-growing and dominating region in the rCB market, driven by stringent environmental regulations and the presence of key market players.
- Key players operating in the global rCB market include DVA Renewable Energy JSC, Klean Industries, Delta-Energy Group, Pyrolyx, Black Bear Carbon, Scandinavian Enviro Systems AB, Bolder Industries, Radhe Group of Energy, Alpha Carbone, Integrated Resource Recovery, DRON Industries, Enrestec, and SR2O Holdings. These players are focused on strategic collaborations, technological advancements, and expanding their product portfolios to gain a competitive edge in the market.
#Recovered Carbon Black Market#Advanced Materials#Recovered Carbon Black Market Growth#Recovered Carbon Black Market Analysis#Recovered Carbon Black Market Orientation#Recovered Carbon Black Market Trends#Recovered Carbon Black Market Forecast
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Recovered Carbon Black Market to Hit $2373.6 Million by 2032
The global Recovered Carbon Black Market was valued at USD 105.1 Million in 2024 and it is estimated to garner USD 2373.6 Million by 2032 with a registered CAGR of 56.1% during the forecast period 2024 to 2032.
The report throws light on the competitive scenario of the global Recovered Carbon Black Market to know the competition at global levels. Market experts also provided the outline of each leading player of the global Recovered Carbon Black Market for the market, considering the key aspects such as the areas of operation, production, and product portfolio. In addition, the companies in the report are studied based on vital factors such as company size, market share, market growth, revenue, production volume, and profit.
The global Recovered Carbon Black Market is fragmented with various key players. Some of the key players identified across the value chain of the global Recovered Carbon Black Market include Black Bear Carbon B.V., Bolder Industries, ENRESTEC, Klean Carbon, Radhe Group Of Energy, Scandinavian Enviro Systems AB, SR2O Holdings, LLC Delta Energy LLC etc. Considering the increasing demand from global markets various new entries are expected in the Recovered Carbon Black Market at regional as well as global levels.
Download Recovered Carbon Black Market Sample Report PDF: https://www.vantagemarketresearch.com/recovered-carbon-black-market-2155/request-sample
Top Competitors:
Black Bear Carbon B.V., Bolder Industries, ENRESTEC, Klean Carbon, Radhe Group Of Energy, Scandinavian Enviro Systems AB, SR2O Holdings, LLC Delta Energy LLC
Understanding the Industry's Growth, has released an Updated report on the Recovered Carbon Black Market. The report is mixed with crucial market insights that will support the clients to make the right business decisions. This research will help new players in the global Recovered Carbon Black Market to sort out and study market needs, market size, and competition. The report provides information on the supply and market situation, the competitive situation and the challenges to the market growth, the market opportunities, and the threats faced by the major players.
Regional Analysis
-North America [United States, Canada, Mexico]
-South America [Brazil, Argentina, Columbia, Chile, Peru]
-Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
-Middle East & Africa [GCC, North Africa, South Africa]
-Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
You Can Buy This Report From Here: https://www.vantagemarketresearch.com/buy-now/recovered-carbon-black-market-2155/0
Full Analysis Of The Recovered Carbon Black Market:
Key findings and recommendations point to vital progressive industry trends in the global Recovered Carbon Black Market, empowering players to improve effective long-term policies.
The report makes a full analysis of the factors driving the development of the market.
Analyzing the market opportunities for stakeholders by categorizing the high-growth divisions of the market.
Questions answered in the report
-Who are the top five players in the global Recovered Carbon Black Market?
-How will the global Recovered Carbon Black Market change in the next five years?
-Which product and application will take the lion's share of the global Recovered Carbon Black Market?
-What are the drivers and restraints of the global Recovered Carbon Black Market?
-Which regional market will show the highest growth?
-What will be the CAGR and size of the global Recovered Carbon Black Market during the forecast period?
Read Full Research Report with [TOC] @ https://www.vantagemarketresearch.com/industry-report/recovered-carbon-black-market-2155
Reasons to Purchase this Recovered Carbon Black Market Report:
-Analysis of the market outlook on current trends and SWOT analysis.
-The geographic and country level is designed to integrate the supply and demand organizations that drive industry growth.
-Recovered Carbon Black Industry dynamics along with market growth opportunities in the coming years.
-Recovered Carbon Black Market value (million USD) and volume (million units) data for each segment and sub-segment.
1 year consulting for analysts along with development data support in Excel. Competitive landscape including market share of major players along with various projects and strategies adopted by players in the last five years.
Market segmentation analysis including qualitative and quantitative analysis including the impact on financial and non-economic aspects.
Complete company profiles that include performance presentations, key financial overviews, current developments, SWOT analyzes and strategies used by major Recovered Carbon Black Market players.
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#Recovered Carbon Black Market#Recovered Carbon Black Market 2024#Global Recovered Carbon Black Market#Recovered Carbon Black Market outlook#Recovered Carbon Black Market Trend#Recovered Carbon Black Market Size & Share#Recovered Carbon Black Market Forecast#Recovered Carbon Black Market Demand#Recovered Carbon Black Market sales & price
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Recovered Carbon Black Market Analysis: Sustainable Solutions
Introduction Recovered carbon black (RCB) is a recycled material produced from end-of-life tires. When tires reach the end of their usable life, they enter the waste stream where the rubber can be recovered and processed. In the RCB production process, used tires are ground up into fine crumbs and then put through a high temperature process where the rubber breaks down. This separates the steel and fiber from the rubber, leaving behind recycled carbon black particles. The RCB looks and performs nearly identical to virgin carbon black used in new tire and rubber manufacturing. The RCB Production Process The first step involves collecting and transporting waste tires from collection sites. Used tires must be cleaned and sorted to remove dirt, metal, and fiber. The cleaned tire crumb is then fed into a rotary kiln, which is a long, rotating, slowly inclining furnace. Inside the kiln, the crumb reaches temperatures of 1100-1400°C where the rubber is pyrolyzed, or thermally decomposed in the absence of oxygen. As the rubber breaks down, the carbon blacks are freed from the polymer structure and rise to the top of the kiln as fine black powder. Additional processing may be required to achieve the desired particle size and qualities. The RCB can then be used like virgin carbon black in new rubber formulations. Benefits of Using RCB One of the biggest advantages of RCB is that it provides a sustainable solution for an increasingly large waste stream. Over 1 billion scrap tires are generated each year worldwide. Using RCB keeps these tires out of landfills and incinerators. It represents a closed loop recycling process that extracts maximum value from a discarded product. RCB requires less energy to produce than virgin carbon black and has a substantially lower environmental impact than mining processes. Producing RCB also reduces dependency on imported carbon black and conserves natural resources. From an economic perspective, RCB offers rubber product manufacturers an affordable alternative to virgin carbon black. Its performance characteristics allow it to directly replace a percentage of more expensive virgin material in new tire and rubber formulations. The Future Outlook for RCB With global tire demand expected to grow significantly in coming decades, the market potential for RCB is huge. Recycling technology advancements aim to further optimize the RCB production process with reduced energy consumption. Additives may allow achieving even finer particle sizes comparable to special grades of virgin carbon black. This expanded compatibility would open new formulation options for manufacturers. Strong momentum continues to build around sustainability goals within the tire and automotive sectors. Corporations and governments alike are implementing policies to increase recycled content mandates. As more end-of-life tires are diverted from landfills into RCB markets, infrastructure will adapt to strengthen supply chain logistics. With RCB demonstrating clear technical and economic advantages, its use in tire manufacturing looks poised for considerable growth worldwide. Recovered carbon black establishes a model for innovative closed-loop recycling that creates value from waste. In conclusion, recovered carbon black presents a highly sustainable solution for using end-of-life tires as a resource in tire manufacturing. The RCB production process recycles rubber back into a material with equivalent performance qualities as virgin carbon black. It keeps valuable rubber out of landfills while reducing demand on finite natural resources. Both tire companies and product consumers benefit from the technical, economic, and environmental advantages of incorporating RCB. With continued improvements optimizing its potential, recovered carbon black seems positioned to play a major long-term role in the global tire industry.
#Recovered carbon black Market Growth#Recovered carbon black Market Size#Recovered carbon black Market Share
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Global Recovered Carbon Black Market to Reach US$ 2.7 Bn by 2031
Rise in usage of specialty semi-reinforcing and reinforcing recovered carbon black in several applications such as paints & coatings, rubber manufacturing, inks, and automotive industries is expected to augment the market value. Increase in trend of utilization of recycled resources in these industries is likely to propel the recovered carbon black market growth. The global market stood at US$ 210.8 Mn in 2022, and is projected to reach US$ 2.7 Bn by 2031 at a CAGR of 32.6% from 2023 to 2031. Governments in several countries are promoting environmental sustainability by reducing the proportion of petrochemicals in the manufacture of paints, coatings, industrial rubber, and automotive parts. Strict implementation of emission standards for hazardous air pollutants from carbon black production in countries, such as in the U.S. and India, is anticipated to offer lucrative business opportunities to companies in the recovered carbon black market. Request for a Sample PDF Report with Latest Industry Insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=63816 Market Segmentation: By Service Type: Pyrolysis Mechanical Process By Sourcing Type: Tire-Derived Carbon Black Rubber-Derived Carbon Black By Application: Tire Manufacturing Non-Tire Rubber Products Plastics Coatings Inks Others By Industry Vertical: Automotive Construction Industrial Packaging Others By Region: North America Europe Asia Pacific Latin America Middle East & Africa Regional Analysis: North America: Leading the market due to stringent environmental regulations and increasing adoption of sustainable practices across industries.
Europe: Witnessing significant growth with supportive government initiatives promoting circular economy principles and sustainable manufacturing.
Asia Pacific: Emerging as a lucrative market driven by rapid industrialization, urbanization, and growing automotive production. Market Drivers and Challenges: Drivers: Stringent environmental regulations promoting recycling and waste reduction.
Cost advantages offered by recovered carbon black compared to virgin carbon black.
Growing consumer awareness and preference for sustainable products.
Expansion of end-of-life tire recycling infrastructure globally. Challenges: Limited awareness and technical expertise among end-users.
Variability in quality and performance of recovered carbon black.
Competition from alternative fillers and additives in rubber compounding.
Supply chain disruptions and logistical challenges associated with sourcing raw materials. Market Trends: Increasing investments in research and development to improve the quality and consistency of recovered carbon black.
Adoption of advanced pyrolysis technologies for efficient and sustainable tire recycling.
Development of customized rCB formulations to meet specific end-user requirements.
Collaboration among stakeholders across the value chain to promote sustainable practices and standards. Future Outlook: The future of the recovered carbon black market looks promising, with sustained growth expected driven by ongoing efforts to reduce carbon emissions and promote resource efficiency. As industries strive to meet sustainability targets and minimize environmental impact, the demand for recovered carbon black is anticipated to surge across various applications and regions. Moreover, technological advancements and innovations in recycling processes will further bolster market expansion. Key Market Study Points: Analysis of market dynamics and growth drivers.
Evaluation of market segmentation and regional trends.
Assessment of regulatory landscape and industry challenges.
Identification of emerging opportunities and future market prospects.
Examination of competitive landscape and recent developments. Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=63816<ype=S Competitive Landscape: Key players in the recovered carbon black market include: Pyrolyx AG Scandinavian Enviro Systems AB Black Bear Carbon BV Delta-Energy Group, LLC Klean Industries Inc. ECO Green Equipment SR2O Holdings, LLC Alpha Carbone, Inc. Wastefront AS Carbon Clean Solutions Limited Recent Developments: Expansion of production capacities and facilities for recovered carbon black.
Strategic partnerships and collaborations to enhance technology and market reach.
Launch of new products and formulations tailored to specific industry needs.
Investments in sustainable manufacturing processes and tire recycling infrastructure. About Transparency Market Research Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact: Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA - Canada Toll-Free: 866-552-3453 Website: https://www.transparencymarketresearch.com
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Recovered Carbon Black Market Size and Share Analysis
Recovered carbon black: A Sustainable Solution for the Rubber Industry Overview of Recovered carbon black
Recovered carbon black, also known as reprocessed or recycled carbon black, is obtained by pyrolysis or burning of used tires or other rubber products. This process helps recover carbon black particles that can then be utilized like regular carbon black in various products like tires, hoses, belts, footwear and other rubber goods. Recovery Process
The recovery process starts with collecting and sorting used tires and other rubber waste. This material is then cleaned, sized and fed into a rotary kiln, where it is heated to high temperatures in an oxygen-starved environment. This thermal decomposition breaks down the long polymer chains in rubber into shorter molecules like carbon black, oils, steel and gases. The carbon black is then separated, purified and prepared in various grades for marketing. Benefits of Using Recycled Carbon Black
Opting for Recovered carbon black provides several environmental and economic advantages over producing carbon black through conventional means: - Waste Reduction: It helps tackle the massive stockpiles of used and waste tires generated each year by finding a viable recycling option. This prevents the tires from ending up in landfills. - Resource Conservation: The recovery process conserves valuable fossil resources like oil that would otherwise be used for producing virgin carbon black. It supports the principles of a circular economy. - Carbon Emissions Cuts: As Recovered carbon black production involves burning of waste rubber instead of fossil fuels, it results in significantly lower carbon emissions compared to conventional processes. - Cost Effectiveness: With proper sorting and processing, Recovered carbon black can be offered at competitive rates versus standard carbon black. This makes it financially attractive for various rubber product manufacturers. Properties and Performance
Recovered carbon black maintains performance properties comparable to commonly used furnace and thermal types of carbon black. Various tests and case studies have shown that rubber articles vulcanized with recycled carbon black exhibit adequate strength, resistance and durability properties for their intended applications. Grades and Applications
Like standard carbon black, Recovered carbon black is also available in different graded targeted for specific rubber formulations and products: - Tire Grade Carbon Black: Used predominantly in tire tread compounds for its ability to enhance wear resistance and impart strength. - Technical Grade Carbon Black: Ideal for hoses, belts, seals due to balanced reinforcement and thermal properties. - Conductive Carbon Black: Facilitates discharge of static electricity in conveyor belts and other industrial rubber goods. Quality Standards and Certifications
To ensure consistent quality, major Recovered carbon black producers adhere to internationally recognized standards like ASTM D5603, D6630 and EN ISO 15817. Several facilities also hold certifications from accredited bodies under ISO 9001, ISO 14001 and RCAP programs recognizing their environment and safety performance. Current Market Dynamics
Globally, over 1.5 million tons of Recovered carbon black was produced in 2020, accounting for almost 4% of total carbon black output. Tire manufacturing remains the dominant end-use at present, but other non-tire rubber articles are increasingly adopting recycled alternative. As sustainability initiatives gain prominence, the demand and share for recovered carbon is estimated to rise much further in the rubber industry.
#Recovered Carbon Black Market#Recovered Carbon Black Market Trends#Recovered Carbon Black Market Growth
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Recovered Carbon Black Market Dynamics: Supply Chain and Distribution Insights
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Shifting inclination toward adoption of green alternatives along with reducing carbon footprint will proliferate the recovered global carbon black...
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Recovered Carbon Black Market Report: Trends, Forecast and Competitive Analysis by 2023-2032: AMR
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Recovered Carbon Black Market Analysis Highest Growth Returns and Business Revenue Expansions till 2030
Recovered carbon black (rCB) refers to a type of carbon black that is obtained through a process known as pyrolysis. Pyrolysis involves the thermal decomposition of organic materials in the absence of oxygen, leading to the formation of various byproducts, including carbon black.
Carbon black is a fine black powder composed primarily of elemental carbon. It is widely used as a reinforcing filler in rubber and plastic products due to its excellent properties such as high tensile strength, abrasion resistance, and conductivity. Traditional carbon black is typically produced by burning petroleum-based products in large industrial furnaces, which releases carbon dioxide (CO2) into the atmosphere and contributes to environmental pollution.
In contrast, recovered carbon black offers a more sustainable alternative. It is produced by pyrolyzing end-of-life rubber products, such as tires or other rubber goods, in a controlled environment. The pyrolysis process breaks down the rubber into its constituent components, including carbon black, oil, and gas. The carbon black is then separated, purified, and processed to obtain a high-quality product with properties similar to virgin carbon black.
In recent years, there has been increasing interest in finding sustainable and eco-friendly alternatives to traditional carbon black production methods. Recovered carbon black offers a solution by recycling and reusing carbon black from discarded rubber products, thereby reducing waste and carbon emissions associated with its production.
Here is some key information about the recovered carbon black market:
• Market Growth: The recovered carbon black market has been experiencing significant growth in recent years. Factors driving this growth include increasing environmental regulations, growing concern for sustainable practices, and rising demand for cost-effective alternatives to virgin carbon black.
• Environmental Benefits: Recovered carbon black offers several environmental benefits. By recycling and reusing carbon black from waste tires, it helps reduce landfill waste and the need for new carbon black production, which requires significant energy and emits a large amount of carbon dioxide.
• End-Use Applications: Recovered carbon black can be used in a wide range of applications that traditionally utilize virgin carbon black. Some common end-use industries include tire manufacturing, plastics, construction, coatings, inks, and rubber goods. It provides similar properties and performance as virgin carbon black but at a lower cost.
• Market Drivers: Several factors are driving the growth of the recovered carbon black market. These include increasing government regulations promoting recycling and waste management, rising awareness about the environmental impact of carbon black production, cost advantages of using recovered carbon black, and the availability of advanced technologies for its production.
• Market Challenges: Despite the growth potential, the recovered carbon black market also faces challenges. One of the key challenges is maintaining consistent quality and properties of recovered carbon black due to variations in the feedstock materials. Additionally, the market faces competition from low-cost virgin carbon black manufacturers in regions with less stringent environmental regulations.
• Market Players: The market for recovered carbon black is relatively fragmented, with several players operating globally and regionally. Some of the prominent companies in this market include Pyrolyx AG, Scandinavian Enviro Systems AB, Black Bear Carbon, Alpha Carbone, and Klean Industries Inc. These companies are involved in the collection, processing, and distribution of recovered carbon black.
• Regional Outlook: The market for recovered carbon black is witnessing significant growth across various regions, including North America, Europe, Asia Pacific, and the Rest of the World. Europe has been at the forefront of the market due to stringent environmental regulations and a well-established waste management infrastructure.
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Global Recovered Carbon Black (rCB) Market is projected to reach USD 494 million by 2024, and growing at a CAGR of 56% | TechSci Research
Abundant availability of raw material for rCB production coupled with low and fixed price of rCB to boost global recovered carbon black market through 2024
According to TechSci Research report, "Global Recovered Carbon Black (rCB) Market By Application, By Region, Competition, Forecast & Opportunities, 2024", global recovered carbon black market is projected to reach $ 494 million by 2024, growing at a CAGR of 56% during 2019-2024. Increasing use of eco-friendly and sustainable products in numerous applications like tires, non-tire rubber, coatings, plastics and inks is anticipated to drive recovered carbon black market, globally, during the forecast period.
Browse XX market data Figures and Tables spread through 110 Pages and an in-depth TOC on "Global Recovered Carbon Black (rCB) Market"
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Global market for recovered carbon black has been categorized into application and region. Based on application, the market can be bifurcated into tire, non-tire rubber, coatings, among others. Of these categories, tire segment is anticipated to account for the largest share in global recovered carbon black market during the forecast period. Recovered carbon black is used as a reinforcing filler in tires. It is also used to impart color to tires. Notably, the recovered carbon black is acceptable for use in various parts of tires like inner-liners, sidewalls, carcasses and treads, based on the specific performance requirements.
Asia-Pacific is expected to grow at the fastest rate in global recovered carbon black market during the forecast period, on account of increasing demand for sustainable products from growing automotive and tire industries in the region. In addition, rising production of plastics and rubber products is fueling growth of recovered carbon black market in the region.
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“In Asia-Pacific, China is anticipated to become the fastest growing market for recovered carbon black, followed by India, in coming years. Growing government regulations regarding the use of eco-friendly products in the automotive industry are anticipated to provide growth opportunities to players operating in the region’s recovered carbon black market. Furthermore, growing production and consumption of recovered carbon black is anticipated to boost the recovered carbon black market in Asia-Pacific over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Recovered Carbon Black Market By Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global recovered carbon black market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in global recovered carbon black market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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Carbon Black Market is Expected to Reach USD 27.21 Million Tonnes by 2030 at a CAGR of 4.82% | ChemAnalyst
According to ChemAnalyst report, "Carbon Black Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030". Carbon Black market observed a promising demand in the past five years and is predicted to reach 27.21 million tons by 2030, along with a healthy CAGR of 4.82% in the next ten years owing to their applications in automobile tires, industrial rubber products, Printing inks and toners, belts & hoses, Paints & coatings, and others
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Carbon Black is an intense black form of amorphous carbon produced by the partial combustion of hydrocarbons (petroleum products) such as coal tar, fluid catalytic cracking tar, ethylene cracking tar or plant-based feedstock. It is classified into Rubber Black and Specialty Black based on its type. Carbon Black is used prominently as a reinforcing agent in tires and other rubber products as it increases resistance to abrasion and wear and tear coupled with its use to make rubber tires electrically conducting to avoid creation of an electrostatic charge in vehicles. It is also used extensively as black pigment in printing ink, carbon paper and paint as it is strongly tinted, heat labile and suitable for film coating, protective coatings thereby, contributing to the growing demand of the chemical. Moreover, carbon black is an excellent absorber of UV rays therefore added to other materials for the prevention of ultraviolet degradation.
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COVID-19 Impact:
In 2020, due to the outbreak of novel corona virus across the globe, nationwide lockdowns were imposed by the government to prevent the spread of the virus that resulted into the significant impact on various industries including the decline in the demand for Carbon Black globally due to major hit on automobile sector. Raw material scarcity and trade restrictions cause disruption in the production and the supply chain thereby a slump was observed in overall Carbon Black market across the nations in the first half of the 2020. However, after the upliftment of lockdown restrictions, all the downstream industries started functioning with their full efficacy coupled the surging demand from Printing industry helped to recover its market at a significant pace and is anticipated to propel the market for Carbon Black in the upcoming years. However, Carbon Black is a derivative of crude oil therefore, fluctuations in the prices of crude oil internationally would directly impact its price coupled with the emission of carbon dioxide during the production process are the major restraints in the market growth for Carbon Black.
Regional Outlook:
Regionally, Asia Pacific region is perceived to lead the global market for Carbon Black in the forecast period owing to the growing use of Carbon Black in end use industries such as automotive, paint and coatings. In Automotive industry, it is utilized for the synthesis of tire and other products which is directly going to impel the demand for Carbon black in the forecast period.
Moreover, manufacturers are investing and expanding their production capacities into the region specially in China, India, Bangladesh, Vietnam, Indonesia due to cheap labor costs and assistance from government; thereby, contributing to the dominant share of the region in the upcoming years. Europe and North America are also anticipated to show a promising growth in the forecast period.
Major Players:
BASF SE
Shandong Hongxin Chemical co. Ltd.
Stepan Company
Nan-Ya Plastics
Exxon Mobil Corporation
Aekyung Petrochemical
Polynt SPA
IG Petrochemicals
Asian Paints
Lanxess
Proviron Basic Chemicals
UPC Technology Corporation and Koppers Industries.
"Carbon Black is directly linked to Automotive and Plastics that are constantly growing sectors owing to the rising population and rapid industrialization, consequently driving the growth of Carbon Black industry. Its high demand from paints and coatings industry is likely to drive the market growth in the forthcoming years. Additionally, the rising focus of the automotive manufacturers towards the manufacturing of electric vehicles is expected to drive the demand for carbon black as it is a primary raw material in tire industry. With new competitors emerging across the Asian Carbon Black market, players are anticipated to be sufficient for fulfilling supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
About ChemAnalyst
ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.
The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.
Contact Us
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Green Tire Market Investment Opportunities, Industry Analysis, Size Future Trends, Business Demand and Growth And Forecast 2027
Green Tire Market size was volume at 101,400 thousand units in 2020 and the total Green Tire Market volume is expected to grow at 10.4% through 2021 to 2027, reaching nearly 202,680 thousand units.
Green Tire Market Overview:
Green Tire Market Research Report explores the status quo of definitions, classifications, applications, and industry chain structures. This survey provides equitable expert commentary on current market conditions, past market performance, production-to-consumption ratios, supply-demand ratios, and revenue generation forecasts. Green Tire Market research also provides information on the key companies involved in the Green Tire sector's strategic and growth goals. Mergers and acquisitions, government and corporate operations, partnerships and alliances, joint projects, brand building, and product launches are among the tactics considered in the study. In summary, this survey provides a comprehensive overview of the Green Tire sector in both global and regional markets.
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Segmentation Analysis:
Green tyres are constantly being tweaked using fillers including highly dispersible silica (HDS), better carbon blacks, and nanotechnology to achieve the lowest possible rolling resistance. This segment dominated the green tyre market in 2018 and will continue to do so through 2027. Other materials also help, some from the aspect of lowering rolling resistance, but others from the standpoint of overall sustainability. Synthetic rubber characteristics and sustainability (i.e. nonpetroleum alternatives) are significant areas of focus and innovation, as is the rising use and supply of natural rubber. The volume and value of emerging green technology will be minor at first, with increased economic potential following the prediction period.
Key players:
Kumho Tires (South Korea)
ZC Rubber (China)
Nokian Tires (Finland)
Apollo tires (India),
Sailun Tires (China)
Shandong Linlong Tire (China)
Kenda Tires (Taiwan)
Giti Rubber (Singapore)
Cooper (US)
Yokohama (Japan)
Nexen (South Korea)
MRF (India)
Petlas (Turkey)
BKT (India)
The research provides a comprehensive review of the Green Tire market's presence in various sectors and nations. The research analyst aims to discover hidden development potential that may be utilized by organizations in various parts of the world by doing a thorough geographical study of the sector. Global Green Tire Market research provides exact knowledge that enables market participants to compete successfully with their greatest competitors based on growth, sales, and other crucial aspects. In the research study, significant market aspects such as market drivers and barriers are separated from essential development prospects and industry trends.
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COVID-19 Impact on Green Tire market:
The COVID19 pandemic has had a huge impact on the Green Tire business around the world. Green Tire Manufacturing facilities have been closed due to the global recession and staff shortages. The COVID19 pandemic caused a sharp and long-term decline in manufacturing utilization, travel bans, and factory closures moved employees away from the facility, and slowed growth in the Green Tire market in 2020. However, the negative impact of COVID19 on the Green Tire market is temporary and the industry is expected to recover rapidly by early 2023 due to high demand for Green Tire.
Regional Analysis:
The regional part of the survey also provides key aspects that affect the market and changes in market regulations that affect current and future trends in the market. New sales, exchange sales, national demographics, regulatory measures, and import and export taxes are some of the key variables used to evaluate market scenarios in different locations. In addition, while providing predictive analytics of domestic data, it takes into account the presence and availability of global brands, the hurdles they face due to fierce or weak competition with local and domestic brands, and the impact of distribution channels.
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This report can be customized to meet the client’s requirements. Please connect with our sales team ([email protected]), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1 20 6630 3320 / 96071 95908 / 9607365656 to share your research requirements.
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