Recovered Carbon Black - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The Global Recovered Carbon Black Market is projected to register a CAGR of more than 2% during the forecast period (2022-2027).

The market was negatively impacted by COVID-19 in 2020. The COVID-19 pandemic is affecting the recovered carbon black market because of disruption in the supply chain such as disruption in orders and deliveries along with cancellations and a backlog of orders. During the pandemic, many industrial, rubber factories, automobile, printing, and packaging operations were shut down. There is also a change in priority to the health sector and sectors such as road and building construction were on temporary hold. In the construction recovered carbon black is used as a reinforcement agent, seals, rubber sheets, and rubber roofing.

• Over the short term, rising demand for recycled and recovered carbon black for tire & non-tire products such as conveyor belts, hoses, gaskets, and increasing problems due to emission of carbon black across the globe are some of the driving factors which are stimulating the market demand.
• The lack of infrastructure and technologies for making recovered carbon black is hindering the market's growth.
• The increasing need for green alternatives due to the increase in pollution across the globe by the emission of carbon black is likely to create opportunities for the market in the coming years.
• North America region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Scope of the Report

Recovered carbon black is derived from the scrap tires during recycling. It is an eco-friendly agent which is produced by the pyrolysis process which is a very fine particle size of less than 10 microns, pelletized, dried, and then packaged. The recovered carbon black market is segmented by application, end-user industry, and geography. By application, the market is segmented into batteries, tires, plastics, non-tire rubber, dyes, and pigments. By end-user industry, the market is segmented into printing and packaging, industrial, building and construction, electronics, automotive, and other nd-user industries. The report also covers the market size and forecasts for the recovered carbon black market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).

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Key Market Trends

Increasing Usage in the Tire Industry

• Recovered carbon black is a highly adopted sector in the tire industry as it can be used as a partial substitution for virgin carbon black in various industries. Therefore, the market potential for recovered carbon black is determined by the current markets of virgin carbon black.
• The electric vehicle is the trending factor in the automobile industry. With this new opportunity, the tire industry is getting benefitted by manufacturing all-season tires, performance tires, rib tires, spare tires, and many others. Apart from that, in February 2022, Scandinavian Enviro Systems AB received an order for 60 MT of recovered carbon black from a major European tire manufacturer in the premium segment. This has stimulated the market demand for recovered carbon black.
• Due to the need for a reduction in fossil fuel dependence and CO2 emission major tire manufacturing companies are adopting recovered material techniques to adopt the circular economy concept. For instance, Bridgestone Corporation’s goals for 2050 are to use only renewable/recovered materials to replace carbon black in tire production and Continental AG plans to include 10% of recovered materials such as rCB N300 in the composition of tires by 2025.
• Owing to all these factors, the market for recovered carbon black is likely to grow globally during the forecast period.

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