Recovered Carbon Black Market Global Forecast to 2028

The recovered carbon black market is projected to reach US$ 8,760.62 million by 2028 from US$ 4,037.76 million in 2021; it is expected to grow at a CAGR of 11.7% from 2021 to 2028.

The recovered carbon black is a material, which is primarily obtained from the pyrolysis of waste tires during recycling and is eco-friendly in nature. Recovered carbon black offers environmental and economic benefits by using unused tires and recycling them. Recovered carbon black is extensively used as a reinforcing agent in the manufacture of various non-tire rubber products. These products include hoses, conveyor belts, gaskets, rubber sheets, seals, geomembranes, and rubber roofing. Besides, it finds applications in coatings, plastic masterbatches, inks, and others. The recovered carbon black market is full of opportunities due to the increasing need for green alternatives in lessening carbon footprint.

Asia Pacific is anticipated to hold the largest share of the market during the forecast period. Asia Pacific comprises Australia, China, India, Japan, South Korea, and other Asian countries. Countries such as India and China generate huge numbers of waste tires annually, which is a key factor supporting the growth of the recovered carbon black market in the region. Asia Pacific is characterized by high vehicle production, coupled with strong tire demands. The governments of China and India, among others, are focusing on encouraging the sales of electric vehicles. Moreover, growing demand for non-tire rubber products is expected to propel the recovered carbon black market growth in the region.

The ongoing pandemic has drastically altered the status of the industrial sector and has negatively impacted the growth of the recovered carbon black market. The implementation of measures to combat the spread of the virus has aggravated the situation and has impacted the growth of several industrial sectors. Industries such as automotive, industrial, oil gas, chemical, aerospace have been impacted by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries. For instance, an article published by ACEA highlighted the severity of impact of COVID-19 upon the automotive sector. The production and sales of motor vehicles suffered a sudden halt in operation, with sales of car registering a drop by 25% in Europe. This has direct correlation with the demand for recovered carbon black market. Moreover, the recovered carbon black market is still in the nascent stage, with manufacturers developing products with different grades and technological advancements.

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Recovered Carbon Black Market: Strategic Insights

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Further, the pandemic created a disruption in orders and deliveries along with cancellations and a backlog of orders. The significant decline in the growth of several industrial sectors significantly impacted the demand for recovered carbon black in the global market. The significant disruptions in terms of sourcing of raw materials from suppliers as well as temporary closures of the manufacturing base due to indefinite lockdowns and temporary quarantines have impacted the growth of the market during the pandemic period. Nevertheless, as the economies are planning to revive their operations, the demand for recovered carbon black is expected to rise globally. The expanding demand for recovered carbon black for various applications such as tire, non-tire rubber, plastics, coatings, and inks application, along with significant investments by prominent manufacturers is, expected to drive the growth for recovered carbon black.

Market Insights

Ecological Advantages of Recovered Carbon Black

Producing recovered carbon black from waste generated by rubber goods, specifically tires is an ecologically beneficial process. Moreover, the outcome is also finer than virgin carbon black, allowing for better cuts in the finished product. To produce 1 kg of virgin carbon black, ~1.5–2 kg of crude oil is required.Recovering carbon black also entails reusing valuable raw materials, propelling one higher up the recycling hierarchy. Thus, replacing virgin carbon black, produced out of traditional furnace processes, with recovered carbon black considerably reduces carbon footprint. The use of recovered Carbon Black (rCB) alone can reduce the size of the carbon footprint by 80%, which is why many large tire manufacturers are trying to use significantly more recovered carbon black. For instance, in October 2018, Pyrolyx USA began constructing a plant in Terre Haute, Indiana, USA. It is expected to be fully completed in May 2019 and will start production in June 2019. The plant will have the capacity to process 40,000 tons of used tires per year and produce about 13 kilotons of recycled carbon black and 17.5 kilotons of pyrolysis oil, and 6.2 thousand tons of steel. Thus, the cost and environmental advantages associated with recovered carbon black are propelling the market growth.

Application Insights

Based on application, the global recovered carbon black market is divided into tire, non-tire rubber, plastics, and others. The tire segment is anticipated to hold the largest share of the market during the forecast period. Recovered carbon black is one of the immediate products of the pyrolysis process and is usually added to rubber as both a filler and as a strengthening/reinforcing agent. For numerous types of tires, it is used in inner liners, sidewalls, carcasses, and treads, utilizing various types based on specific performance requirements. The recovered carbon black market is predicted to rise swiftly, as it is replacing traditional carbon black in manufacturing tires. Also, recovered carbon black, produced from waste generated by tires, contributes an economic advantage. Besides, the usage of recovered carbon black instead of virgin carbon black lessens carbon footprint by approximately 80%. Most of the major tire manufacturers are predicted to use a substantial amount of recovered carbon black in the coming years. These factors are anticipated to bolster the tire segment during the forecast period.

Black Bear Carbon B.V.; Bolder Industries; ENRESTEC; Klean Carbon; Radhe Group Of Energy; Scandinavian Enviro Systems AB; SR2O Holdings, LLC; Delta Energy LLC; Pyrolyx AG; and Alpha Carbone are a few well-established players operating in the global recovered carbon black market. These companies offer their products worldwide, which help them in catering to a wider customer base. The major market players are highly focused on the development of high-quality and innovative products to meet the customer’s requirements. Over the past a few years, the companies operating in the market have realized the immense potential pertaining to the recovered carbon black market, and they are adopting strategies such as mergers & acquisitions and product launches. For example, in 2019, Pyrolyx AG and its Pyrolyx USA subsidiary signed an agreement to purchase the assets of Newport, Indiana-based J&R Recycling for US$ 4.5 million.

Recovered Carbon Black Market Regional Insights

The regional trends and factors influencing the Recovered Carbon Black Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Recovered Carbon Black Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Recovered Carbon Black Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Recovered Carbon Black Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Recovered Carbon Black Market are:

1. Black Bear Carbon B.V.
2. Bolder Industries
3. ENRESTEC
4. Klean Carbon
5. Radhe Group Of Energy

Disclaimer: The companies listed above are not ranked in any particular order.

Report Spotlights

• Progressive industry trends in the global recovered carbon black market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the global recovered carbon black market from 2019 to 2028
• Estimation of the demand for recovered carbon black across various industries
• Recent developments to understand the competitive market scenario and the demand for recovered carbon black
• Market trends and outlook coupled with factors driving and restraining the growth of the recovered carbon black market
• Decision-making process by understanding strategies that underpin commercial interest with regard to the global recovered carbon black market growth
• Recovered carbon black market size at various nodes of the market
• Detailed overview and segmentation of the global recovered carbon black market as well as its dynamics in the industry
• Recovered carbon black market size in various regions with promising growth opportunities

Based on application, the global recovered carbon black market is segmented into tire, non-tire rubber, plastics, and others. By geography, the recovered carbon black market is segmented into five main regions—North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Company Profiles

• Black Bear Carbon B.V.
• Bolder Industries
• ENRESTEC
• Klean Carbon
• Radhe Group Of Energy
• Scandinavian Enviro Systems AB
• SR2O Holdings, LLC
• Delta Energy LLC
• Pyrolyx AG
• Alpha Carbone