Dublin, Jan. 11, 2022 (GLOBE NEWSWIRE) -- The "Recovered Carbon Black Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Application (Tire, Non-Tire Rubber, Plastics, and Others)" report has been added to ResearchAndMarkets.com's offering.
The recovered carbon black market is projected to reach US$ 8,760.62 million by 2028 from US$ 4,037.76 million in 2021; it is expected to grow at a CAGR of 11.7% from 2021 to 2028.
The recovered carbon black is a material, which is primarily obtained from the pyrolysis of waste tires during recycling and is eco-friendly in nature. Recovered carbon black offers environmental and economic benefits by using unused tires and recycling them. Recovered carbon black is extensively used as a reinforcing agent in the manufacture of various non-tire rubber products. These products include hoses, conveyor belts, gaskets, rubber sheets, seals, geomembranes, and rubber roofing. Besides, it finds applications in coatings, plastic masterbatches, inks, and others. The recovered carbon black market is full of opportunities due to the increasing need for green alternatives in lessening carbon footprint.
Based on application, global recovered carbon black market is segmented into tire, non-tire rubber, plastics, and others. The non-tire rubber segment accounted for the highest CAGR during the forecast period. Recovered carbon black is utilized as a reinforcing agent in the production of various non-tire rubber products. These products include hoses, conveyor belts, seals, gaskets, geomembranes, rubber sheets, and rubber roofing.
Moreover, it imparts abrasion resistance and elasticity. The recovered carbon black has low ash content and hence increases the strength of mechanical rubber products. Furthermore, the growth in non-tire rubber application is associated with the rising rubber sector and the increasing need for environmentally friendly products.
Geographically, the recovered carbon black market is segmented into North America, Europe, Asia Pacific (APAC), South America (SAM), and Middle East & Africa (MEA). Europe is estimated to register the fastest CAGR in the market over the forecast period. Major economies in Europe include Germany, France, Italy, the UK, and Russia. The region holds significant growth opportunities for the recovered carbon black market players, owing to the huge number of waste tire generation annually. Further, a large import of new carbon black is due to the region's stringent environmental and safety regulations, which make new carbon black production more expensive in the region.
Additionally, the European tire industry demands increasingly high volumes of carbon black. In Europe, various businesses, governments, cities, and academic institutions are increasingly engaging in collaborations and innovations supporting the circular economy approach. Various projects in the region are offering the potential scope for the progress of the recovered carbon black market in Europe.
The ongoing pandemic has drastically altered the status of the industrial sector and has negatively impacted the growth of the recovered carbon black market. The implementation of measures to combat the spread of the virus has aggravated the situation and has impacted the growth of several industrial sectors. Industries such as automotive, industrial, oil and gas, chemical, aerospace have been impacted by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries.
For instance, an article published by ACEA highlighted the severity of impact of COVID-19 upon the automotive sector. The production and sales of motor vehicles suffered a sudden halt in operation, with sales of car registering a drop by 25% in Europe. This has direct correlation with the demand for recovered carbon black. Moreover, the recovered carbon black market is still in the nascent stage, with manufacturers developing products with different grades and technological advancements.
Further, the pandemic created a disruption in orders and deliveries along with cancellations and a backlog of orders. The significant decline in the growth of the several industrial sectors significantly impacted the demand for recovered carbon black in the global market. The significant disruptions in terms of sourcing of raw materials from suppliers as well as temporary closures of the manufacturing base due to indefinite lockdowns and temporary quarantines have impacted the growth of the market during the pandemic period.
Nevertheless, as the economies are planning to revive their operations, the demand for recovered carbon black is expected to rise globally. The expanding demand for recovered carbon black for various applications such as tire, non-tire rubber, plastics, coatings, and inks application, along with significant investments by prominent manufacturers is, expected to drive the growth for recovered carbon black.
Black Bear Carbon B.V.; Bolder Industries; ENRESTEC; Klean Carbon; Radhe Group Of Energy; Scandinavian Enviro Systems AB; SR2O Holdings, LLC; Delta Energy LLC; Pyrolyx AG; and Alpha Carbone are among the well-established players operating in the global recovered carbon black market.
Reasons to Buy
- Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the global recovered carbon black market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Global Recovered Carbon Black Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Global Recovered Carbon Black Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Ecological Advantages of Recovered Carbon Black
5.1.2 Expanding Application Range of Recovered Carbon Black
5.2 Market Restraints
5.2.1 Limited Availability of Recovery Infrastructure and Increasing Production of Crude Oil
5.3 Market Opportunities
5.3.1 Rise in Need for Green Alternatives with Shift Towards Sustainability
5.4 Future Trends
5.4.1 Emphasis on Waste Tire Management
5.5 Impact Analysis
6. Recovered Carbon Black - Global Market Analysis
6.1 Global Recovered Carbon Black Market Overview
6.2 Global Recovered Carbon Black Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Global Market Players
7. Global Recovered Carbon Black Market Analysis - By Application
7.1 Overview
7.2 Global Recovered Carbon Black Market Breakdown, by Application, 2020 & 2028
7.3 Tire
7.3.1 Overview
7.3.2 Tire: Recovered Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Non-Tire Rubber
7.4.1 Overview
7.4.2 Non-Tire Rubber: Recovered Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Plastics
7.5.1 Overview
7.5.2 Plastics: Recovered Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Recovered Carbon Black Market - Revenue and Forecast to 2028 (US$ Million)
8. Recovered Carbon Black Market - Geographic Analysis
9. Overview - Impact of COVID-19
9.1 Impact of COVID-19 on Recovered Carbon Black Market
9.2 North America: Impact Assessment of COVID-19 Pandemic
9.3 Europe: Impact Assessment of COVID-19 Pandemic
9.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
9.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
9.6 South and Central America: Impact Assessment of COVID-19 Pandemic
10. Company Profiles
10.1 Black Bear Carbon B.V.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Bolder Industries
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 ENRESTEC
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Klean Carbon
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Radhe Group Of Energy
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Scandinavian Enviro Systems AB
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 SR2O Holdings, LLC
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Delta Energy LLC
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Pyrolyx AG
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 Alpha Carbone
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Products and Services
10.10.4 Financial Overview
10.10.5 SWOT Analysis
10.10.6 Key Developments
11. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/to139k
