The global Recovered Carbon Black Market is estimated to be valued at US$ 55 million in 2018 and is expected to exhibit a CAGR of 55.0% over the forecast period of 2018-2023, as highlighted in a new report published by Coherent Market Insights.

A) Market Overview:

Recovered carbon black (rCB) is obtained through the pyrolysis of waste tires and other rubber products. It is widely used as a sustainable substitute for virgin carbon black in various applications such as tires, rubber compounds, plastics, coatings, and inks. With increasing regulations and initiatives to reduce carbon footprints and promote sustainability, the demand for rCB is expected to witness significant growth in the coming years. rCB offers several advantages such as reduced waste generation, lower carbon emissions, and cost-effectiveness, making it an ideal choice for various industries.

B) Market Dynamics:

The two main drivers for the growth of the recovered carbon black market are the increasing demand from end-use industries and opportunities in waste tire recycling.

1. Increasing demand from end-use industries: The growing automotive industry and the upsurge in construction activities worldwide are driving the demand for tires and rubber products. This, in turn, is boosting the demand for rCB as a cost-effective alternative to virgin carbon black. Additionally, the increasing adoption of rCB in various applications such as rubber compounds, plastics, coatings, and inks is further contributing to the market growth.

2. Opportunities in waste tire recycling: The rising concerns regarding waste tire disposal and environmental pollution have led to the implementation of strict regulations and initiatives for waste tire management. The pyrolysis process used to produce rCB from waste tires not only provides a solution for waste tire disposal but also offers economic benefits by generating a valuable product. This has created opportunities for companies operating in the waste tire recycling sector and has propelled the growth of the recovered carbon black market.

C) Segment Analysis:

The Recovered Carbon Black Market can be segmented based on application and end-use industry. In terms of application, the tire reinforcement segment dominates the market due to the extensive use of rCB in tire manufacturing. The tire reinforcement segment is expected to continue its dominance over the forecast period, owing to the increasing demand for tires worldwide.

D) PEST Analysis:

Political: The political landscape plays a crucial role in shaping the recovered carbon black market. Government regulations and policies regarding waste tire disposal and carbon emissions can significantly impact the demand and production of rCB.

Economic: Economic factors such as the growth of the automotive industry, construction activities, and the overall economic stability of a region can influence the demand and consumption patterns of rCB.

Social: The growing awareness regarding environmental sustainability and the need for eco-friendly products among consumers is driving the demand for rCB. Additionally, the increasing focus on circular economy concepts and waste management practices is also contributing to the market growth.

Technological: Technological advancements in the pyrolysis process and the development of more efficient and cost-effective methods for producing rCB are expected to drive the market growth.

E) Key Takeaways:

- The global recovered carbon black market is expected to witness high growth, exhibiting a CAGR of 55.0% over the forecast period, due to increasing demand from end-use industries and opportunities in waste tire recycling.

- The Asia-Pacific region is projected to be the fastest-growing and dominating region in the recovered carbon black market, driven by the growing automotive industry and increasing construction activities in countries like China and India.

- Key players operating in the global recovered carbon black market include DVA Renewable Energy JSC, Klean Industries, Delta-Energy Group, Pyrolyx, Black Bear Carbon, Scandinavian Enviro Systems AB, Bolder Industries, Radhe Group of Energy, Alpha Carbone, Integrated Resource Recovery, DRON Industries, Enrestec, and SR2O Holdings.