by Recovered carbon black (rCB) is produced from recycled tires and other rubber materials through an energy-intensive production process. It offers similar quality and performance as primary carbon blacks, which are manufactured from oil or natural gas. rCB finds extensive application in the production of new tires, rubber products, plastics, inks, and coatings. As rCB production is more sustainable than primary carbon blacks and conserves natural resources, its demand is growing steadily across industries aiming to reduce their carbon footprint.
The global Recovered Carbon Black Market is estimated to be valued at US$ 279.52 Mn in 2023 and is expected to exhibit a CAGR of 32.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends in the recovered carbon black market is increasing preference for eco-friendly products. With rising environmental awareness, consumers and industries are seeking more sustainable solutions. The production of rCB reuses waste tire material and conserves virgin resources like oil and gas. This makes rCB an attractive and viable green alternative to primary carbon blacks. Moreover, regulations in EU and North America mandate the use of rCB in certain applications, driving its adoption.
- Porter’s Analysis
- Threat of new entrants: The threat of new entrants in the recovered carbon black market is moderate to high due to the requirement of high capital investment for establishing a recycling plant. However, recovering carbon black from old tires or from other waste provides an opportunity for new players to enter this market.
- Bargaining power of buyers: The bargaining power of buyers is moderate as recovered carbon black is differentiated based on properties like resistance to oxidation and heat stability. Buyers can negotiate on price based on quality specifications.
- Bargaining power of suppliers: The bargaining power of suppliers is low to moderate as there are multiple suppliers providing feedstock for recovered carbon black production. This allows buyers to negotiate on price with alternative suppliers.
- Threat of new substitutes: The threat of new substitutes is low as recovered carbon black has superior properties than other substitutes at affordable cost. However, virgin carbon black continues to dominate the overall carbon black market.
- Competitive rivalry: The competitive rivalry in the recovered carbon black market is high owing to the presence of numerous global and regional players offering similar products. Players compete based on product quality, price, technical support, and delivery.
Key Takeaways
The global recovered carbon black market is expected to witness high growth, exhibiting CAGR of 32% over the forecast period, due to increasing awareness about sustainability and waste management. Recovered carbon black production helps reduce carbon footprint as it involves recycling of old tires and other rubber waste.
Regional analysis: Europe dominated the global recovered carbon black market in 2023, accounting for around 35% of the overall demand. This was due to stringent environmental regulations regarding reuse and recycling of old tires in the region. Asia Pacific is expected to exhibit the fastest growth during the forecast period with China, India, and Japan being the major consumers.
Key players: Key players operating in the recovered carbon black market are Pyrolyx AG, SR2O Holdings, Alpha Carbone, Scandinavian Enviro System AB, Integrated Resource Recovery, Delta-Energy Group, Bolder Industries, Black Bear Carbon B.V, DVA Renewable Energy JSC, and Others. Pyrolyx AG is a leading player focusing on developing advanced pyrolysis technology for producing high-quality recovered carbon black
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
