Recovered carbon black is a form of carbon black that is produced from recycled scrap tires and old rubber products. rCB has good reinforcement properties and UV protection advantages for various rubber and plastic applications. It provides a cost effective and eco-friendly solution for end of life tires.
The global Recovered Carbon Black Market is estimated to be valued at US$ 279.52 Mn in 2023 and is expected to exhibit a CAGR of 32% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights
Market key trends:
One of the key trends in the recovered carbon black market is the increasing demand of green and sustainable materials across industries. With growing environmental awareness, companies are focusing on using recycled and waste materials in production. Recovered carbon black helps utilize waste tires in a productive way and provides an alternative to reduce dependence on virgin carbon black. The recycling of end of life tires via rCB production is a viable solution to manage the huge volume of scrap tires generated each year.
- SWOT Analysis
- Strength: Recovered carbon black is eco-friendly and reduces carbon footprint as it utilizes waste material. It provides cost savings compared to virgin carbon black.
- Weakness: The quality of recovered carbon black depends on the quality of waste tyres and other feedstock used. It has limited applications compared to virgin carbon black.
- Opportunity: Growing concern about sustainability and waste reduction is driving the demand for recovered carbon black. Developing new applications of recovered carbon black in different industries would provide new opportunities.
- Threats: Stringent regulations regarding waste disposal may affect the steady supply of waste tyre or plastic feedstock. Volatility in feedstock prices can increase production cost of recovered carbon black.
Key Takeaways
The global recovered carbon black market is expected to witness high growth, exhibiting a CAGR of 32% over the forecast period, due to increasing concern about waste reduction and circular economy initiatives across industries. The market size for recovered carbon black is estimated to reach US$ 279.52 Mn in 2023.
Regional analysis
Europe is expected to dominate the global recovered carbon black market during the forecast period. This is attributed to stringent regulations regarding plastic waste recycling and adoption of sustainability goals in the region. The market in Asia Pacific is projected to grow at the fastest pace during 2023-2030 due to rapid industrialization and growing rubber product manufacturing industry in China and India.
Key players
Key players operating in the recovered carbon black market include Pyrolyx AG, SR2O Holdings, Alpha Carbone, Scandinavian Enviro System AB, Integrated Resource Recovery, Delta-Energy Group, Bolder Industries, Black Bear Carbon B.V, DVA Renewable Energy JSC, Others. Pyrolyx AG is a leading player in recycling end of life tires into recovered carbon black through its unique pyrolysis process. SR2O Holdings focuses on tire derived materials through patented thermal cracking technology.