USD 131.14 billion
Recovered Carbon Black Market Size, Share, Growth Analysis, By Application(Plastic, Tires, Coatings, Non-Tire Rubber), By Type(Inorganic Ash Content, Conductive, Non-Conductive), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2191 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
65
|Figures:
77
Recovered Carbon Black Market Insights
Global Recovered Carbon Black Market size was valued at USD 131.14 billion in 2022 and is poised to grow from USD 173.37 billion in 2023 to USD 1617.40 billion by 2031, growing at a CAGR of 32.20% during the forecast period (2024-2031).
In the world, some 18 million tonnes of tyre trash are produced annually, according to EnviroCB, one of the top producers of recovered carbon black. According to data released by OICA, the rate of growth in these nations' automotive output from 2018 was 69.7%, 2%, 31.1%, and 13.9%, respectively. As a result, it is anticipated that tyre manufacturing and high-performance coatings will dominate European product demand. Due to its improved protective capacity and aesthetic appeal, the market for high performance coatings is predicted to experience rapid increase. In the automobile and aerospace industries, these coatings are becoming more popular because they offer durability. For the past few years, the world's auto industry has experienced significant expansion. According to OICA figures, the world produced 94.97 million units in total, up to 95.63 million units. In light of this, it is projected that increasing automobile production will increase demand for high performance tyres and coatings, which will benefit the market. The expansion of the rubber sector and rising demand for environmentally friendly products are the main factors driving the emergence of the black market for recovered carbon.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Coatings
Fastest Growth
Coatings
Growth Rate
32.20% CAGR
Global Recovered Carbon Black Market ($ Bn)
Country Share for Asia-Pacific Region (%)
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Recovered Carbon Black Market Segmental Analysis
Global Recovered Carbon Black Market is segmented on the basis of type, application and region. By type, the market is segmented into inorganic ash content, conductive, non-conductive. By application, the market is segmented into plastics, tires, coatings, non-fire rubber, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Recovered Carbon Black Market Analysis by Application
In 2021, the dominant segment is the automotive coatings segment, which is expected to grow at a CAGR of around 18.7% during the forecast period. The coatings application segment includes products such as paints, varnishes, and sealants. The dominant segment in this application is the architectural coatings segment, which includes products such as paints and coatings used in buildings and infrastructure.
The fastest-growing segment is the construction materials segment, which is expected to grow at a CAGR of around 18.5% during the forecast period. The plastics application segment includes products such as packaging, automotive parts, and construction materials. The dominant segment in this application is the automotive parts segment, which includes products such as bumpers, dashboards, and fenders.
Recovered Carbon Black Market Analysis by Type
The dominant segment is the coatings application segment, which is expected to grow at a CAGR of around 17.8% during the forecast period. This type is used in applications that require electrical conductivity, such as in electronics and automotive parts. The dominant segment in this type is the non-tire rubber application segment, which includes products such as gaskets, seals, and hoses.
The fastest-growing segment is the non-tire rubber application segment, which is expected to grow at a CAGR of around 17.2% during the forecast period. This type is used in applications that do not require electrical conductivity, such as in plastics and construction materials. The dominant segment in this type is the plastics application segment, which includes products such as packaging, automotive parts, and construction materials
Global Recovered Carbon Black Market By Application
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Recovered Carbon Black Market Regional Insights
The fastest-growing segment is the construction materials segment, which is expected to grow at a CAGR of around 19.5% during the forecast period. The dominant segment in Asia-Pacific is the tire application segment, which includes products such as passenger vehicle tires and commercial vehicle tires. The monetary framework that promotes private investments in the manufacturing sector with beneficial government policies is expected to result in significant industrial growth, which will drive industry expansion.
The fastest-growing segment is the coatings application segment, which is expected to grow at a CAGR of around 18.5% during the forecast period. The dominant segment in Europe is the non-tire rubber application segment, which includes products such as gaskets, seals, and hoses.
Global Recovered Carbon Black Market By Region
- Largest
- Fastest
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Recovered Carbon Black Market Dynamics
Recovered Carbon Black Market Drivers
Growing Popularity of Recycled Products to Bolster Market Growth
- The growing popularity of recycled products is one of the key drivers of the global Recovered Carbon Black market. Consumers are becoming more aware of the importance of recycling and the benefits of using recycled products. The use of Recovered Carbon Black in various industries, including plastics, rubber, and construction, is expected to continue to grow as consumers become more conscious of their environmental impact.
- The tire industry is the largest consumer of carbon black, and the growing demand for tires is driving the growth of the rCB market. The use of rCB in tire manufacturing is becoming increasingly popular due to its cost-effectiveness, performance benefits, and environmental advantages.
Recovered Carbon Black Market Restraints
Regulatory Hurdles might Pose as a Threat
- While government regulations promoting sustainability are driving the adoption of the Recovered Carbon Black market, there may be regulatory hurdles to overcome, particularly in regions where regulations are less stringent or where there is resistance to adopting new technologies or materials.
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Recovered Carbon Black Market Competitive Landscape
Manufacturers are manufacturing items with various grades and technological breakthroughs while the market is still in its infancy. The major businesses consistently prioritize the creation of new product grades to suit various applications.
Recovered Carbon Black Market Top Player’s Company Profiles
- Pyrolyx AG (Germany)
- Delta-Energy Group, LLC (United States)
- Bolder Industries (United States)
- Enrestec Inc. (United States)
- SR2O Holdings, LLC (United States)
- Carbon Clean Tech AG (Switzerland)
- Scandinavian Recycling Solutions AS (Norway)
- Dron Industries Ltd. (Israel)
- Black Pellets Denmark ApS (Denmark)
- SAE Specialty Polymers (United States)
- Radhe Group of Energy (India)
- Delta Techniks GmbH (Germany)
- ERG Materials and Aerospace Corp. (United States)
- Carbon Recovery GmbH (Germany)
- Blackwoods Protector (Australia)
- Dharmapuri Carbon Black Pvt Ltd. (India)
- ResourceCo Pty Ltd (Australia)
- Continental Carbon Company (United States)
- Cabot Corporation (United States)
Recovered Carbon Black Market Recent Developments
- In May 2022, in order to maximize the transportability of the recovered carbon black acquired during the pyrolysis process and to expedite the further processing of the raw material, Pyrum Innovations AG began testing a new pelletizer at its plant location in Germany.
- In April 2022, in order to improve and broaden the pyrolysis recycling of used tyres while creating high-quality recovered carbon black (rCB) for Continental tyre manufacture, Continental AG and Pyrum Innovations AG expanded their relationship.
- In April 2022, According to Bolder Industries, its Missouri facility received ISCC PLUS accreditation for circular carbon black and pyrolysis oil, allowing Bolder Industries to supply the market with authorized circular goods when they are needed.
Recovered Carbon Black Key Market Trends
- One of the major trends in the rCB market is the growing focus on reducing carbon emissions and promoting sustainability. Recovered carbon black is produced from scrap tires and other rubber products, which reduces waste and helps to minimize the environmental impact of these materials. As a result, the use of recovery carbon black is gaining popularity as a sustainable alternative to virgin carbon black.
Recovered Carbon Black Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global recovered carbon black (rCB) market is experiencing significant growth and is expected to continue to do so in the coming years. Recovered carbon black is a sustainable alternative to virgin carbon black and is produced from scrap tires and other rubber products. The increasing focus on reducing carbon emissions and promoting sustainability is a major driver of the market's growth. One of the major end-use industries for rCB is the tire industry, particularly for the production of green tires. Green tires are designed to improve fuel efficiency and reduce carbon emissions, and rCB is a key component in their production. As the demand for green tires continues to grow, the demand for rCB is also expected to increase. The Asia Pacific region is expected to be the largest market for rCB, due to its large population, rapid industrialization, and increasing focus on sustainability. The North American and European markets are also expected to experience significant growth, driven by increasing demand for sustainable materials. The global recovered carbon black market is expected to continue to grow in the coming years, driven by the increasing demand for sustainable materials, the growing popularity of green tires, and the expanding use of plastics and rubber in various end-use industries.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 131.14 billion |
| Market size value in 2031 | USD 1617.40 billion |
| Growth Rate | 32.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Recovered Carbon Black Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Recovered Carbon Black Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Recovered Carbon Black Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Recovered Carbon Black Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Recovered Carbon Black Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Recovered Carbon Black Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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