Recovered Carbon Black (rcb) Market Scope
The recovered carbon black (rCB) market refers to the market for carbon black that has been recovered or recycled from used or waste materials. Carbon black is a type of fine, black powder that is produced from the incomplete combustion of heavy petroleum products. It is commonly used in the production of tires, rubber, plastics, and other industrial products. The increasing use of environmentally-friendly and sustainable products in various applications, such as a tire, non-tire rubber, plastics, coatings, and inks, is expected to drive the recovered carbon black (rcb) market. The recovered carbon black market size is estimated at USD 55 million in 2018 and is projected to reach USD 491 million by 2023, at a CAGR of 55.0% between 2018 and 2023. The recovered carbon black market provides the analysis by Application (Tire application, Non-Tire Rubber application, Plastics application, Coatings application, and Inks application), and Region (North America, Europe, Asia Pacific, RoW). This study is a helpful source of information for recovered carbon black manufacturers, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The main driver for the recovered carbon black market is the increasing demand for sustainable and environmentally-friendly alternatives to virgin carbon black. Recovered carbon black is produced from waste tires and other recycled materials, making it a more sustainable option compared to virgin carbon black, which is derived from fossil fuels. The growing awareness about the environmental impact of carbon black production and the need to reduce greenhouse gas emissions are also driving the demand for recovered carbon black. Additionally, recovered carbon black has similar properties to virgin carbon black, making it a suitable substitute in various applications, including tires, rubber, and plastics. These factors are expected to drive the growth of the recovered carbon black market in the coming years.
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Recovered Carbon Black (rcb) Market Key Players
- Pyrolyx (Germany)
- Delta-Energy Group (US)
- Black Bear Carbon (Netherlands)
- Scandinavian Enviro Systems AB (Sweden)
- Klean Industries (Canada)
- Radhe Group of Energy (India)
- Alpha Carbone (France)
- Bolder Industries (US)
- DRON Industries (Slovakia)
- DVA Renewable Energy JSC (Vietnam)
- Enrestec (Taiwan)
- Integrated Resource Recovery (US)
- SR2O Holdings (US)
What is Recovered Carbon Black (rcb) industry?
Recovered Carbon Black (rCB) is a form of carbon black that is produced by recycling end-of-life tires or other rubber products. The process of producing rCB involves using pyrolysis, a thermal decomposition process, to break down the rubber into its constituent parts. The carbon black produced in this process is known as rCB. The recovered carbon black industry is a relatively new and rapidly growing sector that is focused on producing and marketing rCB as a sustainable alternative to traditional carbon black, which is typically produced from fossil fuels.
Recovered Carbon Black (rcb) Market Drivers
There are several drivers that are driving the growth of the recovered carbon black (rCB) market:
- Environmental concerns:The increasing awareness about the environmental impact of carbon black production and the need to reduce carbon footprint is driving the demand for rCB. rCB is a recycled and eco-friendly alternative to traditional carbon black, which is produced from fossil fuels.
- Government regulations:Governments around the world are implementing regulations to reduce the environmental impact of carbon black production and encourage the use of recycled materials. This is driving the demand for rCB as a compliant alternative to traditional carbon black.
- Cost-effectiveness:rCB is often cheaper than traditional carbon black, making it an attractive alternative for manufacturers looking to reduce costs.
- Performance:The improved performance of rCB, in comparison with traditional carbon black, is also driving the growth of the market. rCB is used in a wide range of applications, such as tires, plastics, inks, and coatings, and has been shown to have similar or even better performance than traditional carbon black in many of these applications.
- Rising demand of the end-use industries:The rising demand from end-use industries, including tire, rubber, plastic, and ink, is driving the market for rCB.
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Recovered Carbon Black (rcb) Market Restraints
There are several restraints that can impact the growth of the recovered carbon black (rCB) market. Some of these include:
- Limited awareness about rCB:Many people are not aware of the existence of rCB, and its benefits over traditional carbon black. This lack of awareness can limit the adoption of rCB, especially in regions where the market is not well-established.
- High cost of production:The production of rCB is more expensive compared to traditional carbon black. This higher cost can make rCB less attractive to manufacturers, who are looking to keep costs down.
- Limited availability of raw materials:rCB is made from recycled tires, and the availability of these raw materials can be limited in some regions. This can make it difficult for rCB manufacturers to secure a steady supply of raw materials, which can limit their production capacity.
- Stringent regulations:Some countries have strict regulations related to the disposal of waste tires, which can limit the availability of raw materials for rCB production. Additionally, regulations related to the emissions from tire processing facilities can add additional costs for manufacturers.
- Quality and consistency:rCB manufacturers often have to deal with quality and consistency issues related to the raw materials. The quality of the recovered carbon black can vary depending on the age and condition of the tires from which it is produced.
Recovered Carbon Black (rcb) Market Segmentation
On the basis of application:
- Tire
- Non-tire rubber
- Plastics
- Coatings
- Inks
Recovered carbon black (rCB) is a material that is produced through the process of recovering and purifying carbon black from end-of-life tires. Carbon black is a high-performance filler used in a variety of applications, including tires, rubber, plastics, and coatings. The market for recovered carbon black is growing, as it is seen as a sustainable alternative to traditional carbon black, which is produced from fossil fuels.
The tire industry is the largest market for carbon black, and as such, it is likely to hold the largest market share in the recovered carbon black market as well. In recent years, the tire industry has been moving towards the use of sustainable and eco-friendly materials, and rCB is a natural fit for this trend.
There are several reasons why the tire industry is well-positioned to hold the largest market share in the rCB market. Firstly, tires are the largest source of carbon black in the world, so the industry has a strong incentive to recycle and repurpose this material. Secondly, the tire industry has the infrastructure and expertise in place to handle the large volumes of carbon black produced by end-of-life tires. Finally, the use of rCB in tires can help tire manufacturers meet increasing consumer demand for sustainable products.
Overall, the tire industry is likely to play a major role in the growth of the recovered carbon black market, and it is well-positioned to hold the largest market share in this market.
On the basis of region:
- North America
- Europe
- APAC
- Rest of World
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APAC estimated to be fastest-growing market for recovered carbon black during the forecast period
APAC is estimated to be the fastest-growing market for recovered carbon black during the forecast period due to the increasing demand for sustainable products from the growing automotive and tire industries in the region. Additionally, the increasing production of rubber products and plastics is driving the growth of the recovered carbon black market in this region. China is projected to be the fastest-growing market for recovered carbon black in Asia Pacific, followed by India. North America is the second-fastest growing market for recovered carbon black.