Market Size of Recovered Carbon Black Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 2.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Recovered Carbon Black Market Analysis
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 supply chain disruptions, such as disruption in orders and deliveries, 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, seal, rubber sheet, 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, and 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.
The North American region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
