North America 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 & Packaging, Building & Construction and Others), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028
Market Analysis and Insights: North America Recovered Carbon Black (rCB) Market
The recovered carbon black (rCB) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 17.2% in the forecast period of 2021 to 2028 and is expected to reach USD 61,307.82 thousand by 2028. The increasing demand of the electronic vehicles in the region will increase the demand of the tires in the automotive industry which resulted in the boost of the recovered carbon black (rCB) market.
Recovered carbon black (rCB) is manufactured by the thermal catalytic decomposition process which is called as pyrolysis in which old tire rubber is recycled to produce recovered carbon black (rCB) which is further used for the production of the new tires and rubber products. In the pyrolysis process, different materials also yield such as oil and steel which are further utilized across construction, automotive and industrial applications.
The demand of the rubber products in the market will have the positive impact on the demand of the market as recovered carbon black (rCB) is used in the rubber industries for the production of rubber products acting as the driving factor for the recovered carbon black (rCB) market growth. Virgin carbon black can be used as the substitute of the recovered carbon black (rCB) and the virgin carbon black is directly derived from the natural resource and can be available according to the application which restraints the growth of the recovered carbon black (rCB) market.
The increasing rules for the use of the green products in the region will result in the increasing demand of the green products which is the opportunity for the recovered carbon black (rCB) market. Manufacturers are not able to produce the consistent quality of recovered carbon black (rCB) due to which its demand fall in the application which is the challenge for the growth for the recovered carbon black (rCB) market.
This recovered carbon black (rCB) market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the recovered carbon black (rCB) market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Recovered Carbon Black (rCB) Market Scope and Market Size
The recovered carbon black (rCB) market is segmented on the basis of type, grade, application and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the recovered carbon black (rCB) market is segmented into primary carbon black and inorganic ash. In 2021, the demand of primary carbon black segment is increasing as it helps to improve mechanical properties of the rubber products which are used in the different applications to make the primary carbon black dominating in the region.
- On the basis of grade, the recovered carbon black (rCB) market is segmented into commodity and specialty. In 2021, commodity segment is dominating as the demand for the reusable plastic packaging is increasing which increases the demand of the commodity grade in the region.
- On the basis of application, the recovered carbon black (rCB) market is segmented into Tire, non-tire rubber, plastics, inks, coatings and others. In 2021, the demand for the customized tires is increasing which makes the tires segment dominating in the region.
- On the basis of end-user, the recovered carbon black (rCB) market is segmented into transportation, industrial, printing & packaging, building & construction and others. In 2021, people have more purchasing power and also prefer to travel in personal vehicles which make the transportation segment to dominate in the region.
North America Recovered Carbon Black (rCB) Market Country Level Analysis
North America recovered carbon black (rCB) market is analysed and market size information is provided by country, type, grade, application and end-user as referenced above.
The countries covered in the North America recovered carbon black (rCB) market report are the U.S., Canada and Mexico.
The U.S. is dominating in the North America recovered carbon black (rCB) market due to the large population which creates a large customer base in the region for the recovered carbon black (rCB) market.
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 new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Recovered Carbon Black (rCB) Industry
North America recovered carbon black (rCB) market also provides you with detailed market analysis for every country growth in installed base of different kind of products for recovered carbon black (rCB) market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the recovered carbon black (rCB) market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Recovered Carbon Black (rCB) Market Share Analysis
North America 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, North America presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to recovered carbon black (rCB) market.
The major players covered in the North America recovered carbon black (rCB) market report are Avient Corporation, Delta-Energy Group, LLC, Pyrolyx, Klean Carbon, Bolder Industries, SR2O Holdings, LLC, Ampacet Corporation among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the recovered carbon black (rCB) market.
For instance,
- In November 2019, Continental AG and Pyrolyx entered into a five-year agreement for the supply of recycled carbon black. This development has helped the company to increase the production and revenue into the market.
Collaboration, joint ventures and other strategies by the market players is enhancing the company market in the recovered carbon black (rCB) market which also provides the benefit for organisation to improve their offering for recovered carbon black (rCB).
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