Global Recovered Carbon Black (rCB) Market, By Type (Primary Carbon Black and Inorganic Ash), Grade (Commodity and Specialty), Application (Tire, Non-Tire Rubber, Plastics, Inks, Coatings, and Others), End-User (Transportation, Industrial, Printing and Packaging, Building and Construction, and Others) - Industry Trends and Forecast to 2031.
Recovered Carbon Black (rCB) Market Analysis and Size
The recovered carbon black (rCB) market encompasses both commodity and specialty segments. Commodity rCB finds extensive use in applications such as tire manufacturing and industrial rubber goods, offering cost-effective solutions while reducing environmental impact. Specialty rCB, on the other hand, caters to niche markets such as high-performance rubber compounds and specialty plastics, providing enhanced properties and performance for specific applications.
Data Bridge Market Research analyses that the global recovered carbon black (rCB) market, which was USD 194.41 million in 2023, is expected to reach USD 1,162.46 million by 2031, growing at a CAGR of 25.05% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024-2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Primary Carbon Black and Inorganic Ash), Grade (Commodity and Specialty), Application (Tire, Non-Tire Rubber, Plastics, Inks, Coatings, and Others), End-User (Transportation, Industrial, Printing and Packaging, Building and Construction, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Tyrepress (U.K.), 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. (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.)
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Market Opportunities
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Market Definition
Recovered carbon black (rCB) refers to a sustainable alternative to virgin carbon black derived from waste rubber products such as tires through pyrolysis. It retains similar properties to virgin carbon black, serving as a cost-effective and environmentally friendly material for various rubber and plastic applications, including tires, automotive parts, and industrial products.
Global Recovered Carbon Black (rCB) Market Dynamics
Drivers
- Technological Advancements Improve rCB Production Efficiency and Quality
Innovations such as advanced pyrolysis techniques and refining methods optimize resource utilization, reduce energy consumption, and enhance the purity and consistency of the final product. These improvements not only lower production costs but also increase the competitiveness of rCB against virgin carbon black, driving its adoption across various industries and fostering growth in the rCB market.
- Increased Focus on Reducing Carbon Footprint Propels rCB Demand
As industries prioritize sustainability goals, rCB emerges as a viable alternative to virgin carbon black, offering a recycled and environmentally friendly solution. This shift towards eco-conscious practices stimulates demand across sectors seeking to minimize their environmental impact, thereby fueling the growth of the rCB market.
Opportunities
- Collaborations between Industries for Product Development
Combining expertise from sectors such as tire manufacturing, automotive, construction, and plastics enables companies to innovate novel applications for rCB. Such partnerships foster knowledge exchange, resource sharing, and technology transfer, resulting in new products with improved performance and sustainability. Leveraging diverse perspectives and capabilities, collaborative efforts expedite rCB adoption across industries, fueling market growth and establishing a competitive edge.
- Expansion of Automotive and Construction Industries Globally
As the automotive and construction sectors grow, the demand for sustainable materials such as rCB increases due to its favorable properties such as strength, durability, and environmental friendliness. With rCB being utilized in various applications including tires, automotive parts, asphalt, and construction materials, the expansion of these industries creates a substantial market for recycled carbon black, driving further growth and adoption of sustainable practices.
Restraints/Challenges
- Quality Consistency and Performance Standards may Vary
Inconsistent quality can lead to unpredictable product performance, eroding customer confidence and hindering widespread adoption. Manufacturers may face difficulties in meeting stringent industry standards, impacting their ability to secure contracts or compete effectively. Moreover, it can result in increased costs associated with quality control measures. Overall, this variability limits the market's growth potential and poses a barrier to the broader acceptance of rCB as a viable alternative.
- High Initial Investment for Recycling Infrastructure
Establishing efficient recycling facilities demands substantial capital for specialized equipment, technology, and operational setup. This financial barrier often deters potential investors and hampers the expansion of rCB production capacity. As a result, the market growth may be hindered, limiting the availability of recycled carbon black and impeding its adoption across various industries.
This global recovered carbon black (rCB) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global recovered carbon black (rCB) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In May 2022, Pyrum Innovations AG initiated test operations for a new pelletizer at its German plant site. This advancement allows recovered carbon black (rCB) obtained through pyrolysis to be formed into pellets, enhancing transportability and streamlining raw material processing in the recovered carbon black (rCB) market
- In March 2022, Continental AG extended its collaboration with Pyrum Innovations AG to enhance end-of-life tire recycling via pyrolysis. The partnership aims to produce premium recovered carbon black (rCB) for Continental's tire manufacturing, reinforcing sustainability endeavors and contributing to the growth of the recovered carbon black (rCB) market
- In April 2020, Scandinavian Enviro Systems AB and Michelin forged a partnership to pioneer innovative technology for recovered carbon black, converting used tires into valuable raw materials. This collaboration signifies a strategic effort to drive sustainability in tire manufacturing and bolster the growth of the recovered carbon black (rCB) market
Global Recovered Carbon Black (rCB) Market Scope
The global recovered carbon black (rCB) market is segmented on the basis of type, grade, application and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Primary Carbon Black
- Inorganic Ash
Grade
- Commodity
- Specialty
Application
- Tire
- Non-Tire Rubber
- Plastics
- Inks
- Coatings
- Others
End-User
- Transportation
- Industrial
- Printing and Packaging
- Building and Construction
- Others
Global Recovered Carbon Black (rCB) Market Regional Analysis/Insights
The global recovered carbon black (rCB) market is analysed and market size insights and trends are provided by type, grade, application and end-user as referenced above.
The countries covered in the global recovered carbon black (rCB) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the recovered carbon black (rCB) market in both market share and revenue, driven by rising demand for primary carbon black in rubber products. China spearheads growth in the region, benefiting from streamlined tire and rubber product production processes utilizing primary black, consolidating Asia-Pacific's dominance in the rCB market.
North America anticipates significant growth in the recovered carbon black (rCB) market, attributed to robust demand for primary carbon black in paint and coating products. The region's flourishing market is fueled by a strong emphasis on quality coatings, driving the demand for recycled carbon black as a sustainable alternative.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Recovered Carbon Black (rCB) Market Share Analysis
The global recovered carbon black (rCB) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global recovered carbon black (rCB) market.
Some of the major players operating in the global recovered carbon black (rCB) market are:
- Tyrepress (U.K.)
- 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. (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.)
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