Recovered Carbon Black Market Size (2024 - 2029)

The recovered carbon black market is experiencing growth driven by the increasing demand for recycled materials in various applications, despite challenges such as supply chain disruptions and a lack of infrastructure. The market's expansion is supported by the rising need for sustainable alternatives to address global pollution concerns. However, the development of recovered carbon black is impeded by technological limitations. North America is anticipated to lead the market, with significant growth expected in the region.

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Market Size of Recovered Carbon Black Industry

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Carbon Black Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 2.00 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Medium

Major Players

Recovered Carbon Black Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Recovered Carbon Black Market Analysis

The global recovered carbon black market is projected to register a CAGR of more than 2% during the forecast period (2022-2027).

The market was negatively impacted by COVID-19 in 2020. The COVID-19 pandemic is affecting the recovered carbon black market because of supply chain disruptions, such as disruption in orders and deliveries, cancellations, and a backlog of orders. During the pandemic, many industrial, rubber factories, automobile, printing, and packaging operations were shut down. There is also a change in priority to the health sector, and sectors such as road and building construction were on temporary hold. In the construction, recovered carbon black is used as a reinforcement agent, seal, rubber sheet, and rubber roofing.

Over the short term, rising demand for recycled and recovered carbon black for tire & non-tire products such as conveyor belts, hoses, and gaskets and increasing problems due to emission of carbon black across the globe are some of the driving factors which are stimulating the market demand.

The lack of infrastructure and technologies for making recovered carbon black is hindering the market's growth.

The increasing need for green alternatives due to the increase in pollution across the globe by the emission of carbon black is likely to create opportunities for the market in the coming years.

The North American region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Recovered Carbon Black Industry Segmentation

Recovered carbon black is derived from the scrap tires during recycling. It is an eco-friendly agent produced by the pyrolysis process and is a very fine particle size of less than 10 microns, pelletized, dried, and then packaged. The recovered carbon black market is segmented by application, end-user industry, and geography. By application, the market is segmented into batteries, tires, plastics, non-tire rubber, dyes, and pigments. By end-user industry, the market is segmented into printing and packaging, industrial, building and construction, electronics, automotive, and other end-user industries. The report also covers the market size and forecasts for the recovered carbon black market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).

Application
Tires
Batteries
Plastics
Non-Tire Rubber
Dyes and Pigments
End-user Industry
Printing and Packaging
Industrial
Building and Construction
Electronics
Automotive
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Recovered Carbon Black Market Size Summary

The recovered carbon black market is experiencing a gradual recovery and growth trajectory, driven by increasing demand for sustainable and recycled materials in various industries, particularly in tire manufacturing. The market's expansion is supported by the rising need for green alternatives to combat pollution and reduce carbon emissions globally. Despite the challenges posed by the COVID-19 pandemic, which disrupted supply chains and halted industrial operations, the market is poised for growth due to the growing adoption of recovered carbon black as a partial substitute for virgin carbon black. This shift is particularly evident in the tire industry, where the integration of recovered materials aligns with the circular economy concept and the reduction of fossil fuel dependence.

North America is anticipated to lead the recovered carbon black market, with the United States and Canada playing significant roles in this growth. The region's dominance is attributed to the robust tire manufacturing sector and infrastructure developments that utilize recovered carbon black in construction applications. The market's growth is further bolstered by strategic partnerships and technological advancements, such as those by Pyrum Innovations AG and Scandinavian Enviro Systems AB, which enhance the processing and application of recovered carbon black. As major tire manufacturers like Bridgestone and Continental commit to increasing the use of recovered materials, the market is expected to witness steady growth, driven by both demand and innovation.

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Recovered Carbon Black Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand for Recycled and Recovered Products

      2. 1.1.2 Increasing Usages as Sustainable Filler in Tire and Non-tire Rubber Applications

    2. 1.2 Restraints

      1. 1.2.1 Lack of Infrastructure and Technologies for Recovered Carbon Black

      2. 1.2.2 Providing Consistent Quality of Recovered Carbon Black

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Tires

      2. 2.1.2 Batteries

      3. 2.1.3 Plastics

      4. 2.1.4 Non-Tire Rubber

      5. 2.1.5 Dyes and Pigments

    2. 2.2 End-user Industry

      1. 2.2.1 Printing and Packaging

      2. 2.2.2 Industrial

      3. 2.2.3 Building and Construction

      4. 2.2.4 Electronics

      5. 2.2.5 Automotive

      6. 2.2.6 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Recovered Carbon Black Market Size FAQs

The Recovered Carbon Black Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)

Polimix , Enrestec Inc , Klean Industries Inc. , Pyrum Innovations AG and Scandinavian Enviro Systems AB are the major companies operating in the Recovered Carbon Black Market.

Recovered Carbon Black Market Report Snapshots

Recovered Carbon Black Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)