Global Recovered Carbon Black Market by Application (Tires, Plastics, High Performance Coatings, Rubber) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global recovered carbon black market was worth USD 79.5 millions in 2019. It is projected to grow at a compound annual rate (CAGR 32.6%) between 2020 and 2027. The rising demand for high-performance coatings is expected to drive market growth. VOC-emitting raw materials are a major concern for the coatings industry. Recovered carbon black (rCB), which is a substitute for traditional carbon black, enhances the aesthetic and protects the coatings.

The thermal catalytic decomposition process known as pyrolysis is used to make carbon black. In this process, tire rubber is recycled to create carbon black. This process also produces steel and oil that can be used in construction and automotive. EnviroCB is one of the world's leading manufacturers of recovered carbon black. It estimates that around 18 million tons are generated each year.

The thermal catalytic decomposition process known as pyrolysis is used to make carbon black. In this process, tire rubber is recycled to create carbon black. This process also produces steel and oil that can be used in construction and automotive. EnviroCB is one of the world's leading manufacturers of recovered carbon black. It estimates that around 18 million tons are generated each year.

Due to its large market presence and high number of tire-waste generation, the U.S. is the world's leading consumer of recycled carbon black. The Rubber Manufacturers Association and EPA published an article in December 2019 that estimated that over 290 million tires were discarded each year. About 130 million tires are used for sustainable fuel. More than 16 million are used for recovering carbon black to make rubber and new tires. Tire production is the main use of recovered carbon black in America, followed closely by other rubber goods.

High performance coatings are expected to see strong growth globally due to their high protection and aesthetic appeal. These coatings are preferred in aerospace and automotive industries because they offer greater durability. Over the last few years, global automobile production has seen a significant increase. According to statistics from OICA, the global production reached 94.97 millions units in 2016, and rose to 95.63million units in 2018. The market for rCB is expected to benefit from the rising production of automobiles.

As recycled carbon black replaces traditional carbon black in tire production, the market for it is expected to expand rapidly. Because it is made from rubber products, particularly tires, recovered carbon black has an economic advantage. It is also more fine than virgin carbon black, which allows for better cuts in the final product. Recovered carbon black can be used in place of traditional carbon black to save as much as 1.5-2 kgs of crude oil. Recovered carbon black will gain popularity as it contributes to a reduction in global carbon footprint and the use of non-conventional resources.

The gap between demand and supply is one of the main factors that hinders the growth of carbon black recovered. The product is still in its introductory phase and there are only a few units available. The demand for carbon black is high for production of plastics, coatings and tires. The market growth is impeded by a lack of recycled carbon black. Market decline is likely to be caused by the fall in crude oil prices. This may lead to manufacturers making carbon black instead of using recovered carbon black.

Application Insights

With a share of 71.4 percent in 2019, tire manufacturing was the dominant application for recycled carbon black. Over the forecast period, the recovered carbon black market is expected to grow due to the growth of the transportation sector and the urbanization in developing countries like South America and Asia Pacific.

Due to increased automotive production, tire production has seen a significant increase in the emerging Asian countries of Asia Pacific, particularly China and India. These economies have a growing transportation industry. This has led to an increase in tire production. The region's growth has been influenced by factors such as the availability of skilled labor, low-cost land, and a rise of disposable income.

The second most important application of recovered carbon black was rubber manufacturing. This market is expected to grow strongly with a 32.4% compound annual growth rate (CAGR) between 2020 and 2027. Due to their durability and abrasion resistance, general rubber goods are used primarily in the automotive sector. Over the forecast period, rubber manufacturing will see a rise in demand for durable solutions and products.

Regional Insights

North America accounted for 38.0% of the global market in 2019, which was the largest share. The market is driven by the high level of scrutiny that local governments place on the manufacturing sector. Market growth is also being driven by the increasing adoption of waste management programs in the region by manufacturers for recycling and reusing their waste products.

With a 26.7% share in 2019, Asia Pacific was third most important market for recovered carbon noir, after North America and Europe. Because of the lack of technological advances in the production and distribution of recovered carbon black, the penetration is lower than in developed regions. Market growth will be due to high industrial growth, which is a result the favorable monetary framework that encourages private investment in the manufacturing sector.

The pandemic of Covid-19 in India and China is expected to cause turmoil in Asia's manufacturing sector and economy in the second half of 2020. The pandemic is expected to affect the demand for carbon black and slow down the manufacturing sector. The recovered carbon black market is expected to benefit from the anticipated recovery of the manufacturing sector in 2021.

Due to rising awareness about environmental sustainability, India is expected to lead market growth. Klean Industries, a major supplier of recycled carbon black manufacturing machinery, announced that it would supply five plants in India in October 2019. Klean plans to expand its operations in Asia due to the scarcity of virgin carbon black, and high import taxes, particularly in India.

After North America, Europe is the second largest producer of carbon black. The European market is expected to grow due to the high demand from the tire industry. Market growth is expected to be boosted by the recovery of the automobile industry in France, Russia, Austria, and Romania over the forecast period. According to OICA data, the automotive production in these countries increased at a rate 69.7% and 2% respectively, while 31.1% and 13.9% grew, respectively, from 2017-2018. The European market is expected to be dominated by high performance coatings and tire manufacturing with a CAGR of 31.8% between 2020-2027.

Market Share Insights & Key Companies

This market is still young, with many manufacturers creating new products and technological advances. Companies are constantly working to develop new product grades for different applications. Pyrolyx, for example, manufactures the product three grades: cct-6400 (rC-6400), rC-7400 (rC-7400). The raw material can affect the quality of cct-6400. The silica content in European tires is higher than those from the United States. The Ash content of European tires is 20%, while that of U.S. tires is 14%. Both rC-6400 and Cct-6400 can be used to make tire and non-tire rubber. However, rC-6400 is highly recommended for the production of high performance coatings or plastics. The following are some of the major players in the black market for recovered carbon:

• Pyrolyx

• Black Bear Carbon

• Scandinavian Enviro Systems AB (Enviro)

• Bolder Industries

• Alpha Carbone

Up Market Research published a new report titled “Recovered Carbon Black Market research report which is segmented by Application (Tires, Plastics, High Performance Coatings, Rubber), By Players/Companies Scandinavian Enviro Systems AB (Enviro), Alpha Carbone, Black Bear Carbon, Pyrolyx, Bolder Industries”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Recovered Carbon Black Market Report Segments:

The market is segmented by Application (Tires, Plastics, High Performance Coatings, Rubber).

Recovered Carbon Black Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Recovered Carbon Black Market

Overview of the regional outlook of the Recovered Carbon Black Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Recovered Carbon Black Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Recovered Carbon Black Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Tires

                2. Plastics

                3. High Performance Coatings

                4. Rubber

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Recovered Carbon Black Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Recovered Carbon Black Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.