RECOVERED CARBON BLACK MARKET ANALYSIS

Recovered Carbon Black Market, by Application (Inks, Coatings, Tier, Non-tier Rubber, and Plastics) and by Region (Europe, North America, Latin America, Middle East & Africa, and Asia Pacific) – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

Recovered carbon black (rCB) is obtained from waste plastic and scrap tires by pyrolysis process. Recovered carbon black offers more advantages over virgin carbon black, owing to its eco-friendly nature and ability to reduce carbon dioxide (CO2) emissions. rCB is used in various applications such as in plastic compound, in the production of non-tier rubber products, and others. It contains 10–20% by weight of non-carbonaceous material and is free of wire and fabric.

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Market Dynamics:-

Asia Pacific holds dominant position in the market for recovered carbon black and also is the fastest growing market, owing to increasing demand for sustainable and environment-friendly products in the automobile and tire industry. According to India Brand Equity Foundation, Indian automotive industry is expected to reach US$ 282.9 million by 2026 from US$ 251.4 million in 2018. Therefore, significant growth in the automotive industry is expected to boost the market growth in the region over the forecast period.

Market Outlook:-

Increasing production of plastics and rubber products is a major driving factor for growth of the global recovered carbon black market. Recovered carbon black is widely used in the non-tire rubber industry as a reinforcing agent in the production of several non-tire rubber products such as hoses, conveyor belts, seals, gaskets, geo-membranes, rubber sheets, and rubber roofing. Recovered carbon black enhances the strength of rubber as it contains low ash percentage. According to The Food and Agriculture Organization Corporate Statistical Database, natural rubber production in China increased from 690,812 tons in 2010 to 817,366 tons in 2017. Therefore, significant increase in rubber production is expected to boost the market growth over the forecast period.

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Key Players:-

Key players operating in the recovered carbon black market include, DVA Renewable Energy JSC, Klean Industries, Delta-Energy Group, Pyrolyx, Black Bear Carbon, Scandinavian Enviro Systems AB, Bolder Industries, Radhe Group of Energy, Alpha Carbone, Integrated Resource Recovery, DRON Industries, Enrestec, and SR2O Holdings.

Market Taxonomy:-

On the basis of application, the global recovered carbon black market is segmented into:

Coatings
Inks
Tire
Plastics
Non- tire Rubber

On the basis of region, the global recovered carbon black market is segmented into:

Asia Pacific

China
India
New Zealand
Japan
ASEAN
Australia

Europe

U.K.
Germany
Italy
Spain
France
Poland
Russia

Latin America

Brazil
Argentina
Mexico

North America

U.S.
Canada

Middle East and Africa

Recovered Carbon Black Market Key Developments:

In September 2019, Enviro Systems AB, a Scandanavian company has signed agreement with TreadCraft Carbon LLC, of rights to use Enviro's technology in a jointly owned plant of recovered carbon black in Buffalo, U.S. Moreover, Enviro also announced its plans to sell this plant worth between US$ 27.55 and US$ 33.06 million to TreadCraft Carbon LLC by the end of 2019. This agreement is expected to strengthen TreadCraft’s market position in global rCB market.
In October 2019, Klean Industries Inc., a company engaged in development of alternative energy solutions, announced the signing of a non-binding ‘Letter of Intent’ of supplying equipment for manufacturing recovered carbon black in India. Under this agreement, the equipment will be supplied to 5 rCB upgrading projects in India. The equipment provides advanced technology required to produce high quality and low cost rCB.
On 11th November 2019, Black Bear Carbon B.V. announced to develop its new plant of recovered carbon black at the port of Rotterdam in Netherlands. This plant is expected to produce carbon black by decomposing granulate from end-of life tires and also produce pyrolysis oil and gas.

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