Recovered carbon black (rCB) is obtained from waste plastic and scrap tires by pyrolysis process. Recovered carbon black offers more advantages over virgin carbon black, owing to its eco-friendly nature and ability to reduce carbon dioxide (CO2) emissions. rCB is used in various applications such as in plastic compound, in the production of non-tier rubber products, and others. It contains 10–20% by weight of non-carbonaceous material and is free of wire and fabric.
Asia Pacific holds dominant position in the market for recovered carbon black and also is the fastest growing market, owing to increasing demand for sustainable and environment-friendly products in the automobile and tire industry. According to India Brand Equity Foundation, Indian automotive industry is expected to reach US$ 282.9 million by 2026 from US$ 251.4 million in 2018. Therefore, significant growth in the automotive industry is expected to boost the market growth in the region over the forecast period.
Increasing production of plastics and rubber products is a major driving factor for growth of the global recovered carbon black market. Recovered carbon black is widely used in the non-tire rubber industry as a reinforcing agent in the production of several non-tire rubber products such as hoses, conveyor belts, seals, gaskets, geo-membranes, rubber sheets, and rubber roofing. Recovered carbon black enhances the strength of rubber as it contains low ash percentage. According to The Food and Agriculture Organization Corporate Statistical Database, natural rubber production in China increased from 690,812 tons in 2010 to 817,366 tons in 2017. Therefore, significant increase in rubber production is expected to boost the market growth over the forecast period.
Key players operating in the 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.
On the basis of application, the global recovered carbon black market is segmented into:
On the basis of region, the global recovered carbon black market is segmented into:
Recovered Carbon Black Market Key Developments: