The global recovered carbon black (rCB) market was valued at US$ 1.88 billion in 2022 and is projected to grow at a robust CAGR of 11.1%, reaching US$ 5.42 billion by 2033.
Recovered carbon black is derived from the pyrolysis of end-of-life tires, making it a sustainable and efficient alternative to virgin carbon black. Often referred to as "black gold" within the industry, rCB holds significant value due to its cost-effectiveness and environmental benefits.
𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8076
Country-wise Insights
Stringent government regulations are boosting the adoption of recovered carbon black (rCB) in the U.S. The country's established economy and high disposable income have led to a surge in vehicle demand, which, in turn, generates substantial waste that often ends up in landfills.
To address environmental pollution challenges, manufacturers are increasingly focusing on valorizing waste by integrating rCB into production processes. This approach not only minimizes landfill waste but also promotes sustainable manufacturing practices. As a result, the U.S. recovered carbon black market is projected to grow at a CAGR of 8.9% over the next decade.
Category-wise Insights
The fast-growing automotive industry is the largest consumer of tires, contributing significantly to the generation of black waste. To address this environmental challenge, manufacturers are increasingly incorporating recovered carbon black (rCB) as a reinforcing agent in tire production.
This circular approach not only mitigates waste generation but also reduces reliance on fossil-based carbon and minimizes environmental emissions. It offers a sustainable solution that is both economically and environmentally beneficial in the long term.
Globally, the consumption of recovered carbon black in tire production is projected to grow at a CAGR of 10.6% through 2033, reflecting its rising importance in sustainable manufacturing.
Read More: https://www.factmr.com/report/recovered-carbon-black-market
Competitive Landscape
Prominent players in the recovered carbon black (rCB) market include HOSOKAWA MICRON B.V., Klean Industries Inc., Delta-Energy Group, Scandinavian Enviro Systems AB, Black Bear Carbon B.V., Hi Green Carbon, ENRESTEC, Bolder Industries Corporate, SR2O Holdings, LLC, DVA Renewable Energy JSC., Waverly Carbon Ltd, Recovered Carbon Black, Alpha Carbone, Strebl Green Carbon Pte Ltd., Mobius Enviro-Solutions Inc., and Dynamic Pyrolysis Ind. (Pvt.) Ltd.
Leading manufacturers are strengthening local supply networks to ensure consistent availability of raw materials for processing. Cost optimization strategies in purification processes are being adopted to attract a larger consumer base.
Additionally, market players are focused on expanding production capacities to meet the growing demand for rCB. Key initiatives include:
- In October 2022, Klean Industries launched two significant end-of-life tire pyrolysis projects in Melbourne and Sydney, utilizing its advanced tire recycling technology.
- In June 2021, Black Bear Carbon secured EUR 7.8 million to establish a flagship plant at the Chemelot Industrial Park in the Netherlands, aimed at producing high-quality black carbon from end-of-life tires.
Such strategic advancements highlight the proactive efforts of manufacturers to gain a competitive edge in the global rCB market.
𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8076
Segmentation of Industry Survey
- By Form:
- Granular
- Powder
- By End Use:
- Battery Production
- Automotive Component Production
- Tire Production
- Plastic Production
- Electronics Production
- Dye & Pigment Production
- Flooring Production
- Others
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
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