Recovered Carbon Black Market Size was valued at USD 1.3 Billion in 2022. The Recovered Carbon Black industry is projected to grow from USD 1.9 Billion in 2023 to USD 8.6 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12% during the forecast period (2023 - 2030). The worldwide Recovered Carbon Black Market is setting out worthwhile open doors for the worldwide central members because of the rigid unofficial laws to involve the item in different end-use businesses like transportation, elastic, and car are the key market drivers enhancing market growth.              
   Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Recovered carbon black is a sustainable alternative to virgin carbon black, which is produced from petroleum products. As more companies and industries are seeking to reduce their environmental footprint and adopt sustainable practices, the demand for rCB has increased. In addition to the automotive and transportation industries, other industries such as construction, packaging, and rubber are also major consumers of rCB. The use of rCB in these industries can improve product performance, reduce costs, and contribute to a more sustainable supply chain.
Moreover, the rCB market is also being driven by government regulations and initiatives aimed at reducing carbon emissions and promoting sustainable practices. For instance, various countries have set targets for reducing greenhouse gas emissions, and the use of rCB can contribute to achieving these targets. Therefore, such factors related to Recovered Carbon Black have enhanced the Recovered Carbon Black market CAGR across the globe in recent years.
The Recovered Carbon Black Market segmentation, based on application, includes Tires, Non-Tire Rubber, Coatings, Plastics, and Inks. The tire segment held the majority share in 2022 of the Recovered Carbon Black Market revenue. The tire segment is one of the primary applications of rCB, and it has traditionally been the largest segment of the rCB market. The tire industry is a major consumer of rCB due to its cost-effectiveness, performance, and sustainability benefits. Additionally, the use of rCB in tire manufacturing can help to reduce the carbon footprint of the tire industry, which is increasingly important for companies that seek to improve their environmental impact.
Figure 2: Recovered Carbon Black Market, by Application, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific region was the largest market for recovered carbon black, and it is expected to continue to be the largest market in the coming years. This is due to the significant growth in the automotive and transportation industries in the region, which are major consumers of rCB. In addition, the region has a large population and a growing middle class, which is driving demand for tires and other rubber products, further contributing to the growth of the rCB market.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Figure 3: RECOVERED CARBON BLACK MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s Recovered Carbon Black market accounts for the third-largest market share. The European Union has set ambitious targets for reducing greenhouse gas emissions, and the use of rCB can contribute to achieving these targets. Additionally, the region has a well-established automotive industry, which is a major consumer of rCB, along with other industries such as packaging, construction, and rubber. Further, the Germany Recovered Carbon Black market held the largest market share, and the UK Recovered Carbon Black market was the fastest-growing market in the European region.
North America, Recovered Carbon Black market, is expected to be the largest from 2023 to 2030. North America is a significant market for rCB, and it is expected to grow in the coming years, driven by the increasing demand for sustainable and cost-effective alternatives to traditional materials. The region has a well-established automotive industry and a growing focus on sustainability, which is driving the adoption of rCB. However, it is not the largest market for rCB. Moreover, the U.S. Recovered Carbon Black market held the largest market share, and the Canada Recovered Carbon Black market was the fastest-growing market in the North American region.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Recovered Carbon Black market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Recovered Carbon Black industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Recovered Carbon Black. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Recovered Carbon Black industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Recovered Carbon Black industry to benefit customers and expand the market sector. Major Recovered Carbon Black market players, including Hi Green Carbon, Pyrolyx AG, Black Bear Carbon B.V., Scandinavian Enviro Systems AB, Delta-Energy Group, LLC, Alpha Carbone, DVA Renewable Energy JSC., Ecolomondo Corporation, Integrated Resource Recovery, Inc., and SR2O Holdings, LLC, and others, are attempting to increase market demand by funding R&D initiatives.
Hi Green Carbon is a South Korean company that specializes in the production of high-quality recovered carbon black (rCB). Hi Green Carbon's proprietary technology allows the company to produce rCB that meets or exceeds the performance of traditional carbon black, while also offering significant environmental benefits. The company's rCB is made from end-of-life tires and other rubber waste, which would otherwise be sent to landfills or incinerated, resulting in significant environmental impacts. Hi Green Carbon's rCB is used in a wide range of applications, including tires, plastics, and coatings.
Pyrolyx AG is a German-based company that specializes in the production of recovered carbon black (rCB) and other valuable materials from end-of-life tires. Pyrolyx's proprietary pyrolysis technology allows the company to convert end-of-life tires into high-quality rCB, which is a sustainable and cost-effective alternative to traditional carbon black. Pyrolyx's rCB is used in a variety of applications, including tires, plastics, and coatings, and has a lower carbon footprint than traditional carbon black. In addition to producing rCB, Pyrolyx also produces oil and gas as by-products of the pyrolysis process. The company's oil and gas can be used as fuel or as feedstocks for the production of other materials, providing additional value to the company's production process
September 2021:Â Ecolomondo Corporation announced to build and operate a six-reactor turnkey TDP facility in Shamrock, Texas.
Recovered Carbon Black Application Outlook
Recovered Carbon Black Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.3 Billion |
| Market Size 2023 | USD 1.9 Billion |
| Market Size 2030 | USD 8.6 Billion |
| Compound Annual Growth Rate (CAGR) | 12.00% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2018 & 2020 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Hi Green Carbon, Pyrolyx AG, Black Bear Carbon B.V., Scandinavian Enviro Systems AB, Delta-Energy Group, LLC, Alpha Carbone, DVA Renewable Energy JSC., Ecolomondo Corporation, Integrated Resource Recovery, Inc., and SR2O Holdings, LLC |
| Key Market Opportunities | ·        The stringent government regulations to use the product in various end-use industries like transportation, rubber, and automotive |
| Key Market Dynamics | ·        the increasing automotive and transportation industry in the upcoming years |
Recovered Carbon Black Market Highlights:
Frequently Asked Questions (FAQ) :
The Recovered Carbon Black Market size was valued at USD 1.3 Billion in 2022.
The market is projected to grow at a CAGR of 12.00% during the forecast period, 2023-2030.
North America had the largest share in the Recovered Carbon Black Market.
The key players in the market are Hi Green Carbon, Pyrolyx AG, Black Bear Carbon B.V., Scandinavian Enviro Systems AB, Delta-Energy Group, LLC, Alpha Carbone, DVA Renewable Energy JSC., Ecolomondo Corporation, Integrated Resource Recovery, Inc., and SR2O Holdings, LLC.
The tire base had the largest share in the global market for Recovered Carbon Black.
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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