The recovered carbon black (rCB) market refers to the industry involved in the production, distribution, and sale of carbon black that is recovered from various waste sources such as tires, plastics, and rubber. Recovered carbon black is an eco-friendly and sustainable alternative to virgin carbon black, which is produced from fossil fuels and has a high environmental impact. The global recovered carbon black market is driven by the increasing demand for sustainable products and the growing concern for environmental sustainability. The market is segmented into different grades based on application, including tire, non-tire rubber, plastics, and inks & coatings.
The tire industry is the largest end-user of rCB, as it offers numerous benefits such as cost-effectiveness, low sulfur content, and high abrasion resistance. The non-tire rubber industry is also a significant user of rCB, where it is used in the production of conveyor belts, gaskets, hoses, and other rubber products. The plastics industry is also a growing user of rCB, where it is used in the production of pipes, packaging materials, and other plastic products. The recovered carbon black market is expected to grow significantly in the coming years, driven by the increasing demand for eco-friendly and sustainable products and the growing adoption of circular economy principles. The market is also likely to witness increasing investment in research and development, leading to the development of advanced rCB products with improved properties.
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Key Takeaways from Market Study
- Recovered carbon black is a sustainable and eco-friendly alternative to traditional carbon black, with increasing demand from industries looking to reduce their environmental impact.
- The tire industry is currently the largest end-user of rCB, but the non-tire rubber and plastics industries are also growing markets for the product.
- The global rCB market is highly fragmented, with numerous small and medium-sized players operating in various regions.
- Some of the major challenges faced by the rCB market include the lack of standardization in quality and the high capital costs involved in setting up production facilities.
- The rCB market is expected to experience significant growth in the coming years, driven by increasing demand for sustainable products and the adoption of circular economy principles.
- The market is likely to witness increasing investment in research and development, leading to the development of advanced rCB products with improved properties.
- Government initiatives and regulations focused on sustainability and waste reduction are likely to drive demand for rCB in the coming years.
- The Asia-Pacific region is expected to be the fastest-growing market for rCB, driven by the increasing demand from the tire industry and the growing adoption of sustainable practices in the region.
- The key players in the market include Pyrolyx AG, Scandinavian Enviro Systems AB, Klean Industries Inc., and Black Bear Carbon BV.
- The rCB market is still in its early stages and has significant growth potential, but it will require further investment in production infrastructure, quality standards, and research and development to reach its full potential.
Competitive Landscape
To guarantee a steady supply of the raw material for further processing, major producers of recovered carbon black are bolstering their local networks. In order to reach a large consumer base, strategies for cost optimisation of the purification process are also being used.
In order to meet the soaring demand, participants in the recovered carbon black market are also concentrating on expanding their production facilities. Major steps manufacturers have taken to outperform rivals in the global market include:
- Using Klean’s tyre recycling technology, Klean Industries launched two significant end-of-life tyre pyrolysis projects in Melbourne and Sydney in October 2022.
- Black Bear Carbon was able to raise EUR 7.8 million in June 2021 for the construction of its new flagship plant at the Chemelot Industrial Plant in the Netherlands, which will produce high-quality black carbon from used tyres.
Key Companies Profiled
- HOSOKAWA MICRON B.V
- Klean Industries Inc.
- Delta-Energy Group
- Scandinavian Enviro Systems AB
- Black Bear Carbon B.V.
- Hi Green Carbon
- ENRESTEC
- Bolder Industries Corporate
- SR2O Holdings, LLC
- DVA Renewable Energy JSC.
- Waverly Carbon Ltd,
- Recovered Carbon Black
- Alpha Carbone
- Strebl Green Carbon Pte Ltd.
- Mobius Enviro-Solutions Inc
-
Dynamic Pyrolysis Ind. (Pvt.) Ltd.
