Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 98.30 Billion | USD 508.29 Billion | 31.50% | 2022 |
FrequentlyAsked Questions
The growth of the transportation and automotive industries will be a major driver of the global recovered carbon black (rCB) market. The utilization of the product in a variety of end-use sectors, rigorous government regulations, and the set low price of recovered carbon black (rCB) will all help to influence the market's expansion over the projected period.
The recovered carbon black market 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.
North America dominated the recovered carbon black market. This is attributable to the presence of numerous market players and generation of huge number of waste tires annually.
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.
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