Recovered Carbon Black Market By Application (Tire, Non-Tire Rubber), Key Players (Pyrolyx, Klean Industries, Scandinavian Enviro Systems AB, Bolder Industries, Black Bear Carbon, and Alpha Carbone), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) Global Forecast 2022 to 2032

Rising disposable income along with improving lifestyle across developing as well as developed region is boosting the product demand. The industry is poised to witness an extensive upsurge owing to the surging product demand in automobiles along with rising applications across rubber goods. Its large-scale utilization across coatings, plastics, and inks will further contribute toward industry growth. In addition, the rising concern across the globe related to effective disposal and utilization of scrap tire will provide impetus to the industry, as the manufacturing process of the product utilize tire. As a result, government is promoting the adoption of green tire which found its application across automotive, aviation and defense sectors, which in turn will complement the industry size over the forecast timeline.

Although, limited availability of manufacturing facility along with high production cost associated with the product is anticipated to hamper the industry growth. However, rising research and development activities to reduce the manufacturing cost along with ongoing support by regulators to reduce the waste generation will augment the product demand.

Application Segment

On the basis of applications, the market is categorized into tire, coatings, non-tire, ink & toners, plastics, and others. In 2018, the market for tire witnessed major share and is anticipated to witness upsurge at significant rate over the forecast timeline. Rising per capita income along with improving life style across emerging countries has led to escalation in demand for automobiles, which in turn is stimulating the industry outlook.

End User Segment

On the basis of end user vertical, the market is bifurcated into industrial, automotive, printing & packaging and others. In 2018, the automotive industry holds the majority share revenue and it is expected to dominate the recovered carbon black market in the coming years.

Grade Segment

Carbon black market is segmented into standard grade and specialty grade. In 2018, the standard grade is accounted for major contributor in revenue and it is anticipated to lead the carbon black industry thorough the forecast timeline.

Asia Pacific region is anticipated to gain the significant growth in the coming years. Ongoing industrialization and urbanization along with positive economic across the region have escalated the product demand. In addition, favorable regulatory policies along with rising fund flow from foreign investors will further contribute toward industry growth.

In North America, the U.S. is anticipated to dominate region. The region is witnessing significant growth on account of the rising production and consumption of the product. The rising concerns for the proper disposal of end-of-life tires coupled with shifting focus toward low carbon emitting products is anticipated to drive the industry.

The major players operating across the global recovered carbon black market include Delta-Energy Group, Pyrolyx, Scandinavian Enviro Systems, Black Bear Carbon, AB, Radhe Group of Energy, Klean Industries, Alpha Carbone, DRON Industries, Bolder Industries, SR2O Holdings, DVA Renewable Energy, Integrated Resource Recovery, and Enrestec. In 2018, the recovered carbon black market witnessed expansion of industry players across different region, with an objective to expand their market presence. For instance, in 2018, Scandinavian Enviro Systems entered into agreement with Treadcraft Limited, a tire recycling company, to establish a recycling plant in the U.S. Industry players are coming up with inorganic growth strategies to expand their market presence.