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Recovered Carbon Black Market Growth 2020- COVID-19 Analysis, Share Production & Consumption Analysis with Forecast To 2023

Market Overview:

Recovered Carbon Black (rCB) is an environmentally friendly substitute for virgin carbon black which is obtained by pyrolysis of scrap and unused tires. It emits less carbon dioxide (CO2). It typically contains 10-20%, by weight, of non-carbonaceous material and is free from fabric and steel wire. Depending on its post-treatment method, rCB has reinforcing properties in the range of an N500-N700 standard carbon black.

Based on application, the global Recovered Carbon Black Market has been divided into tire, non-tire rubber, coatings, plastics, and inks. Among these, the tire segment dominated the global market in 2017 owing to the high consumption of recovered carbon black as reinforcing filler in tires. In addition, it is also used to impart color to tires. It is widely used in several automotive tire parts such as sidewalls, treads, and inner-liners.

The non-tire rubber segment accounted for the second-largest market share in 2017 and is estimated to register the highest CAGR in the coming years. This is attributed to the increasing use of the product in the manufacturing of conveyor belts, gaskets, rubber sheets, hoses, seals, and rubber roofing, among others. Additionally, it is also used in footwear rubber due to its high abrasion resistance property. Recovered carbon black increases the overall strength of mechanical rubber products as it has low ash content.

Regional Analysis

The North American market dominated the global recovered carbon black market in 2017 due to the increasing demand for the product in automobile and ink applications. The US is expected to be the major contributor to the regional market growth owing to the growing consumption of the product in the automotive tire and non-tire applications. The Asia-Pacific market is projected to register the highest CAGR during the forecast period owing to the surging demand for the product in growing rubber and automotive industries. China is projected to be the leading market in the region due to the rising demand for rCB in coatings and automobile tire applications.

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Market Segmentation

The Global Recovered Carbon Black Market has been categorized based on application and region.

On the basis of application, the Global Recovered Carbon Black Market has been segmented into tire, non-tire rubber, coatings, plastics, and inks.

The Global Recovered Carbon Black Market, by region, has been divided into five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

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Competitive Analysis

Hi Green Carbon (India), Pyrolyx AG (Germany), Black Bear Carbon B.V. (The Netherlands), Scandinavian Enviro Systems AB (Sweden), Delta-Energy Group, LLC (US), Alpha Carbone (France), DVA Renewable Energy JSC. (Vietnam), Enrestec Inc (Taiwan), Integrated Resource Recovery, Inc. (US), and SR2O Holdings, LLC (US) are some of the key players operating in the global recovered carbon black market.

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