Dallas, Texas, March 03, 2020 (GLOBE NEWSWIRE) -- The “Recovered Carbon Black Market by Application (Tire, Non-Tire, Coatings, Plastics, Printing Ink & Toners, and Others), End User (Automotive, Industrial, Printing & Packaging, and Others), Grade (Standard Grade, and Specialty Grade) and Region, Global Forecasts 2019 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
The global recovered carbon black market size is set to expand over USD 730 million by 2025. Recovered carbon black is obtained through pyrolysis process of tires. The output from pyrolysis process consists of various by products including carbon black, steel, oil, and gas in varying quantities. The quality and quantity of the processed carbon black depends on type of tires such as car or truck tyre as well as pyrolysis process. Recovered carbon black is used in multiple application including reinforcing filler in tires, pigments, ink, plastic and coatings.
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The growing demand for rubber on account of its application in tire and industrial good is expected to augment the demand for recovered carbon black. The growing focus toward curtailing the carbon emission in line with shift toward green economy is driving the product demand. In addition, upsurge in the product demand as a pigment in light vehicle to enhance UV protection & conductivity for the components. Furthermore, the application of rcb in special black is in developing stage which is expected to witness upsurge owing to ongoing research and development (R&D) activities, which will contribute toward the industry growth.
The report further throws light on various aspects of the global recovered carbon black industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the recovered carbon black industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
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The global carbon black market holds strong competition among the well-established and new emerging players. These market players targets to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
On the basis of application of the recovered carbon black market, the market is categorized into coatings, tire, non-tire, printing ink & toners, plastics, and others. The non-tire segment is expected to grow at a CAGR of around 43% over the forecast period 2019-2025. The upsurge in the demand of the product is attributed to the rising adoption of automobile.
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The Europe region is expected to experience the fastest growth with 45% CAGR in terms of tons over the forecast period. The market is anticipated to expand in regard to the increasing regulations across environment, and energy efficiency. In addition, growing focus toward circular economy along with proper disposal & safe recycling of tires is positively impacting the industry share. Moreover, ongoing growth across automotive and rubber associated industries, coupled with focus on sustainable production activities in the region will boost the product demand.
The major players operating across the global recovered carbon black market include Delta-Energy Group, Pyrolyx, Scandinavian Enviro Systems, Black Bear Carbon, AB, Radhe Group of Energy, Klean Industries, Alpha Carbone, DRON Industries, Bolder Industries, SR2O Holdings, DVA Renewable Energy, Integrated Resource Recovery, and Enrestec. In 2018, the recovered carbon black market witnessed expansion of industry players across different region, with an objective to expand their market presence. For instance, in 2018, Scandinavian Enviro Systems entered into agreement with Treadcraft Limited, a tire recycling company, to establish a recycling plant in the U.S. Furthermore, the industry players are coming up with inorganic growth strategies to expand their market presence.
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Major points from Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Recovered Carbon Black Market by Application
Chapter 6 Recovered Carbon Black Market by End User
Chapter 7 Recovered Carbon Black Market by Grade
Chapter 8 Recovered Carbon Black Market By Region
Chapter 9 Competitive Landscape
Chapter 10 Company Profiles
Chapter 11 Appendix
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