Global Recovered Carbon Black Market is Likely to Grow at a CAGR Value of 31.50% By 2028

The global recovered carbon black market size was worth around USD 98.30 million in 2021 and is estimated to grow to about USD 508.29 million by 2028, with a compound annual growth rate (CAGR) of approximately 31.50% over the forecast period. The report analyzes the recovered carbon black market drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the recovered carbon black.

Recovered carbon black is created via pyrolysis's thermal catalytic decomposition process. Different materials, including oil and steel, are also produced during the pyrolysis process and used in industrial, automotive, and construction applications. Recycled tire rubber is used to create recovered carbon black, which is then utilized to create new tires and other rubber goods. Around 18 million tonnes of tire waste are produced annually around the world, according to EnviroCB, one of the top producers of recovered carbon black.

Utilizing and recycling used tires and recovered carbon black benefits the environment and the economy. Recovered carbon black is widely employed as a reinforcing agent in producing numerous rubber goods other than tires. Some of these goods are hoses, conveyor belts, gaskets, rubber sheets, seals, geomembranes, and rubber roofs. Additionally, it uses coatings, plastic masterbatches, inks, and other things.

The pyrolysis process produces recycled carbon black (rCB) from used tires and plastic trash. Due to its eco-friendliness and capacity to lower carbon dioxide (CO2) emissions, recovered carbon black has greater benefits than virgin carbon black. rCB is utilized in various processes, including creating non-tier rubber goods and plastic compounds. It is devoid of wire and cloth and comprises 10 to 20 percent by weight of non-carbonaceous material. All of these aspects are projected to fuel the growth of the global recovered carbon black market during the forecast period.

Type, grade, application, end-user, and region categories are used to categorize the global recovered carbon black market. Primary carbon black and inorganic ash are separated by type. Grades are divided into commodity and specialty categories. The market is split into the tire & non-tire rubber, plastics, inks, coatings, and others based on application. It is anticipated that the tire sector will account for the biggest market share during the projected period. The market is divided into transportation, industrial, printing & packaging, building & construction, and other categories depending on the end-user.

North America dominated the global recovered carbon black market with a 38.0% share. Due to increased production and consumption of recovered carbon black in nations including the US, Canada, and Mexico, the area has become the major user of the material. During the forecast period, the issues associated with the disposal of end-of-life tires and the increased demand from the tire, rubber, and automotive industries in these nations for ecologically friendly goods are anticipated to drive the market for recovered carbon black. The region's manufacturing sector is rising due to the region's manufacturers increasingly adopting waste management programs for recycling and reusing waste goods.

After North America, Europe is the region that uses recovered carbon black the most. The European market demand is anticipated to be driven by the high demand from the tire sector. Throughout the projected period, market growth is anticipated to be boosted by recovering the automotive industries in Austria, France, Romania, and Russia.

With a share of 26.7 percent, Asia Pacific was the third-largest market for recovered carbon black after Europe and North America. Due to the absence of technological developments in manufacturing recovered carbon black, the penetration in the region is lower than in industrialized areas. The monetary framework promoting private investments in the manufacturing sector with favorable government policies is expected to result in significant industrial growth, leading to industry expansion.

Key players functioning in the recovered carbon black market include Bolder Industries Corporate , Black Bear Carbon B.V., Wild Bear Carbon B.V., Greetings Green Carbon , Tyrepress , Klean Industries, Radhe Group of Energy , Scandinavian Enviro Systems AB, DVA Renewable Energy JSC., Pyrolyx AG , Enrestec Inc., and Delta-E are some of the companies that produce carbon dioxide

Recent developments:

• Tauber Oil and Bolder Industries combined to create BolderOil in January 2022. Due to this partnership, Tauber Oil will become BolderOil's exclusive customer and assist the growth of sustainable materials by having the highest supply and allocation of sustainable, tire-derived oil.
• Bolder Industries announced in April 2022 that its Missouri facility had achieved ISCC PLUS certification for circular carbon black and pyrolysis oil. This certification will allow Bolder Industries to supply the industry with in-demand circular products that have been approved, giving customers mass balance options for renewable raw materials to meet their net-zero goals.

Browse the full “Recovered Carbon Black Market By Type (Primary Carbon Black and Inorganic Ash), By Grade (Commodity and Specialty), By Application (Tire application, Non-Tire Rubber Application, Plastics Application, Coatings Application, Inks Application, And Others), By End-User (Transportation, Industrial, Printing and Packaging, Building & Construction, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/recovered-carbon-black-market

The global Recovered Carbon Black Market is segmented as follows:

By Type

• Primary Carbon Black
• Inorganic Ash

By Grade

• Commodity
• Specialty

By Application

• Tire
• Non-Tire Rubber
• Plastics
• Inks
• Coatings
• Others

By End-User

• Transportation
• Industrial
• Printing and Packaging
• Building and Construction
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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