Market Overview:
Recovered carbon black (rCB) is an environmentally-friendly
substitute for virgin carbon black which is obtained by pyrolysis of scrap and
unused tires. It emits less carbon dioxide (CO2). It typically contains 10-20%,
by weight, of non-carbonaceous material and is free from fabric and steel wire.
Depending on its post-treatment method, rCB has reinforcing properties in the
range of an N500-N700 standard carbon black.
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Based on application, the global recovered carbon black market has
been divided into tire, non-tire rubber, coatings, plastics, and inks. Among
these, the tire segment dominated the global market in 2017 owing to the high
consumption of recovered carbon black as reinforcing filler in tires. In
addition, it is also used to impart color to tires. It is widely used in
several automotive tire parts such as sidewalls, treads, and inner-liners.
The non-tire rubber segment accounted for the second-largest
market share in 2017 and is estimated to register the highest CAGR in the
coming years. This is attributed to the increasing use of the product in the
manufacturing of conveyor belts, gaskets, rubber sheets, hoses, seals, and
rubber roofing, among others. Additionally, it is also used in footwear rubber
due to its high abrasion resistance property. Recovered carbon black increases
the overall strength of mechanical rubber products as it has low ash content.
Market Segmentation
The global recovered carbon black market has been categorized
based on application and region.
On the basis of application, the global recovered carbon black
market has been segmented into tire, non-tire rubber, coatings, plastics, and
inks.
The global recovered carbon black market, by region, has been
divided into five key regions, namely Asia-Pacific, North America, Latin
America, Europe, and the Middle East & Africa.
Regional Analysis
The North American market dominated the global recovered carbon
black market in 2017 due to the increasing demand for the product in automobile
and ink applications. The US is expected to be the major contributor to the
regional market growth owing to the growing consumption of the product in the
automotive tire and non-tire applications. The Asia-Pacific market is projected
to register the highest CAGR during the forecast period owing to the surging
demand for the product in growing rubber and automotive industries. China is
projected to be the leading market in the region due to the rising demand for rCB
in coatings and automobile tire applications.
Competitive Analysis
Hi Green Carbon (India), Pyrolyx AG (Germany), Black Bear Carbon
B.V. (The Netherlands), Scandinavian Enviro Systems AB (Sweden), Delta-Energy
Group, LLC (US), Alpha Carbone (France), DVA Renewable Energy JSC. (Vietnam),
Enrestec Inc (Taiwan), Integrated Resource Recovery, Inc. (US), and SR2O
Holdings, LLC (US) are some of the key players operating in the global
recovered carbon black market.
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