The Recovered Carbon Black (rCB) industry is a growing sector in the field of sustainable materials. rCB is a material that is obtained by recycling end-of-life tires or other rubber products, which are then processed to obtain a high-quality carbon black material that can be used in various applications. The primary use of rCB is as a reinforcing agent in rubber products, such as tires, conveyor belts, and hoses. It can also be used in plastics, coatings, and other materials to improve their strength, durability, and performance.
The global rCB industry is expected to experience significant growth in the coming years, driven by increasing environmental regulations, a growing demand for sustainable materials, and the need to reduce carbon emissions. According to a report by MarketsandMarkets, the market size for recovered carbon black is projected to grow from USD 55 million in 2018 to USD 491 million by 2023, at a compound annual growth rate (CAGR) of 55.0% during the forecast period.
The scope of the rCB industry is vast, and it has the potential to disrupt the traditional carbon black market, which is dominated by petroleum-based products. The use of rCB can help reduce the carbon footprint of various industries, as it is a sustainable and environmentally friendly alternative to traditional carbon black.
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Furthermore, the development of advanced technologies for the production of rCB is expected to drive the growth of the industry in the coming years. These technologies include pyrolysis, gasification, and other innovative methods that can improve the quality and consistency of rCB while reducing the production costs.
Recovered Carbon Black (rCB) Market Key Players
The key players in the recovered carbon black market are 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), and SR2O Holdings (US).
Pyrolyx (Germany) is a leading manufacturer of rCB, using a proprietary pyrolysis technology to recycle end-of-life tires into high-quality rCB. The company operates two production facilities in Germany and the US and has plans to expand its production capacity to meet the growing demand for rCB.
“Tire application to hold largest market share in the recovered carbon black”
Tire application is expected to hold the largest market share in the recovered carbon black (rCB) industry. This is mainly because tires are the largest source of end-of-life rubber products, which can be recycled to produce rCB.
The use of rCB in tire manufacturing has several benefits, such as improving the tire’s durability, reducing rolling resistance, and enhancing its wet grip. Furthermore, the use of rCB in tire production can help reduce the overall carbon footprint of the tire industry, as it replaces the need for petroleum-based carbon black.
According to a report by MarketsandMarkets, the tire application segment is expected to hold the largest share of the rCB market, accounting for more than 80% of the total market share by 2023. The report also highlights that the demand for rCB in the tire industry is expected to grow at a significant rate, driven by the increasing demand for sustainable materials and the need to reduce carbon emissions. the tire industry, rCB is also used in other applications such as plastics, coatings, and inks, among others. However, the tire industry is expected to remain the largest consumer of rCB, owing to the sheer volume of end-of-life tires that can be recycled to produce rCB.
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“APAC estimated to be fastest-growing market for recovered carbon black”
The Asia Pacific (APAC) region is estimated to be the fastest-growing market for recovered carbon black (rCB) during the forecast period. The growth of the rCB market in the APAC region can be attributed to several factors, such as the increasing demand for sustainable materials, the growing automotive industry, and the presence of a large number of tire manufacturers in the region.
Countries such as China, India, Japan, and South Korea are the major contributors to the growth of the rCB market in the APAC region. China is the largest producer of tires globally and has a significant demand for rCB in the tire industry. Moreover, the Chinese government’s initiatives to promote sustainable manufacturing practices and reduce carbon emissions are expected to drive the demand for rCB in the country.
India is also emerging as a significant market for rCB, driven by the increasing demand for sustainable materials in various industries, including automotive, construction, and packaging. The Indian government’s focus on promoting green manufacturing and reducing carbon emissions is expected to further boost the growth of the rCB market in the country. As well as The growing automotive industry in the APAC region is expected to drive the demand for rCB in the tire industry, as well as in other applications such as plastics and coatings. The presence of a large number of automotive manufacturers and suppliers in the region is expected to create significant opportunities for the rCB market in the coming years.
