Global Recovered Carbon Black Market Is Estimated To Witness High Growth Owing To Increasing Focus on Sustainable and Environment-friendly Solutions

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The global Recovered Carbon Black (RCB) market is estimated to be valued at US$ 55 million in 2018 and is expected to exhibit a CAGR of 55.0% over the forecast period 2018-2023, according to a new report published by Coherent Market Insights.

A) Market Overview:

Recovered Carbon Black (RCB) is obtained from the pyrolysis of end-of-life tires and other rubber products. It has properties similar to traditional carbon black and can be used as a substitute in various applications such as rubber compounding, plastics, coatings, and inks. RCB offers several advantages over conventional carbon black, including reduced environmental impact, lower cost, and comparable performance. The need for sustainable and environment-friendly solutions has led to an increased demand for Recovered Carbon Black products in various industries.

B) Market Key Trends:

One key trend observed in the Recovered Carbon Black market is the increasing adoption of RCB by tire manufacturers. Tire production is a major consumer of carbon black, and the tire industry is actively seeking sustainable alternatives due to stringent regulations and growing environmental concerns. By using RCB instead of traditional carbon black, tire manufacturers can reduce their carbon footprint and achieve their sustainability goals. For instance, Pyrolyx, one of the key players in the market, has partnered with tire manufacturers to produce sustainable tires using their recovered carbon black.

C) PEST Analysis:

– Political: Governments around the world are implementing stricter regulations on carbon emissions and waste management. This creates opportunities for the RCB market as it offers a sustainable solution to reduce environmental impact.

– Economic: The cost-effectiveness of RCB compared to traditional carbon black is a major driver for its adoption. The use of RCB can significantly reduce production costs for various industries, driving the market growth.

– Social: Increasing awareness among consumers about environmental sustainability and the importance of recycling is driving the demand for RCB products.

– Technological: Technological advancements in pyrolysis and carbon black production processes have improved the quality and performance of Recovered Carbon Black, making it a viable alternative to traditional carbon black.

D) Key Takeaways:

– The global Recovered Carbon Black Market is expected to witness high growth, exhibiting a CAGR of 55.0% over the forecast period, due to increasing focus on sustainable and environment-friendly solutions.

– The Asia-Pacific region is expected to be the fastest-growing and dominating region in the Recovered Carbon Black market. This can be attributed to the rapidly growing automotive industry and increasing environmental regulations in countries like China and India.

– Key players operating in the global 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.

In conclusion, the Recovered Carbon Black market is witnessing significant growth due to the increasing demand for sustainable and environment-friendly solutions. The adoption of Recovered Carbon Black by tire manufacturers and the focus on cost-effectiveness are driving the market. The Asia-Pacific region is expected to dominate the market, driven by the booming automotive industry and environmental regulations. Key players in the market are actively innovating and partnering to capitalize on the growing opportunities in the Recovered Carbon Black market.