Recovered carbon black (rCB) addresses waste reduction concerns. Through pyrolysis, rCB is derived from end-of-life tires and other rubber products, presenting an environmentally sustainable alternative. By recycling and reusing materials that would typically be discarded in landfills, rCB contributes significantly to waste reduction efforts. This helps mitigate the environmental impact of rubber waste and promotes a circular economy by extending the life cycle of valuable resources. The utilization of rCB underscores the importance of sustainable practices in the tire and rubber industry, aligning with global efforts to minimize waste and promote responsible resource management.
According to Data Bridge Market Research analyses, the Global Recovered Carbon Black (rCB) Market was valued at USD 124.32 million in 2021 and is expected to reach USD 743.37 million by 2029, registering a CAGR of 25.05% during the forecast period of 2022-2029.
"Rise in demand across end users boosts the market growth"
The high demand across end users is a pivotal driver for the global recovered carbon black (rCB) market. Industries such as automotive, construction, and manufacturing exhibit a robust appetite for sustainable and cost-effective solutions, propelling the demand for rCB. As an eco-friendly alternative to traditional carbon black, rCB gains traction due to its positive environmental impact, reduced carbon footprint, and comparable performance. The increasing emphasis on circular economy practices and the growing awareness of the benefits of rCB among end users contribute to its escalating demand globally, positioning it as a key catalyst for market growth.
What restraints the growth of the global recovered carbon black (rCB) market?
“High costs hinder the market growth”
High costs can be a significant driver in the global recovered carbon black (rCB) market. The expenses associated with traditional carbon black production, often involving the combustion of fossil fuels, can make rCB an attractive alternative. As environmental concerns rise, industries seek sustainable options, and the cost-effectiveness of rCB production, derived from end-of-life tires or other rubber products, becomes crucial.
Segmentation: Global Recovered Carbon Black (rCB) Market
The global recovered carbon black (rCB) Market is segmented on the basis of type, grade, application, and end-user.
- On the basis of type, the global recovered carbon black is segmented into primary carbon black, and inorganic ash
- On the basis of grade, the global recovered carbon black is segmented into commodity, and specialty
- On the basis of application, the global recovered carbon black is segmented into tire, non-tire rubber, plastics, inks, coatings, and others
- On the basis of end-user, the global recovered carbon black is segmented into transportation, industrial, printing and packaging, building and construction, and others
Regional Insights: North America dominates the Global Recovered Carbon Black (rCB) Market
The Asia-Pacific region holds the largest market share and revenue in 2022-2029, with a projected continued dominance. This is primarily driven by the rising demand for primary carbon black in rubber products. China, in particular, is a key contributor to this growth, owing to its efficient production of tires and rubber goods using primary carbon black.
North America is expected to experience substantial growth from 2022 to 2029, primarily attributed to robust demand for primary carbon black used in paints and coatings. This heightened demand in the region is a key driver fueling lucrative opportunities. The versatile application of carbon black in these products underscores its pivotal role in the flourishing North American market, contributing to the anticipated growth during the forecast period.
To know more about the study visit, https://www.databridgemarketresearch.com/jp/reports/global-recovered-carbon-black-rcb-market
The Prominent Key Players Operating in the Global Recovered Carbon Black (rCB) Market Include:
- Tyrepress (Germany)
- Black Bear Carbon B.V. (Netherlands)
- Klean Industries (Canada)
- Radhe Group of Energy (India)
- Scandinavian Enviro Systems AB (Sweden)
- DVA Renewable Energy JSC. (Vietnam)
- Bolder Industries Corporate (U.S.)
- Wild Bear Carbon B.V. (The Netherlands)
- Greetings Green Carbon (India)
- Pyrolyx AG (Germany)
- Enrestec Inc. (Taiwan)
- Coordinated Resource Recovery, Inc. (U.S.)
- Delta-Energy, LLC (U.S.)
- Alpha Carbone (France)
- SR2O Holdings, LLC (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global recovered carbon black (rCB) market companies contact, https://www.databridgemarketresearch.com/jp/contact
Research Methodology: Global Recovered Carbon Black (rCB) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
