Recovered Carbon Black Market - Forecast(2023 - 2028)

Report Code: CMR 31150 Report Format: PDF + Excel

Recovered Carbon Black Market Overview

The recovered carbon black market size is forecast to reach US$780.3 million by 2027 after growing at a CAGR of 12.3% during 2022-2027. Recovered carbon black (rCB) is a residual material, obtained from used tires through pyrolysis process. The recovered material contains a mixture of fumed silica, zinc components, and sulphur compounds. The use of recovered carbon black is gaining traction in multiple sectors as it helps in reducing the carbon footprint and contains less polycyclic aromatic hydrocarbon. This recovered substance is used as a color pigment, for tire production, paints and coatings, and several other applications. Recovered carbon black finds its extensive use in the automotive sector where it is utilized in the manufacturing of multiple components such as hoods, tires, hoses, and belts. The automotive sector is booming globally with increasing production and sales of vehicles and this is expected to contribute to the market’s growth during the forecast period. For instance, according to the 2021 data by the European Automobile Manufacturers Association, passenger car registrations in the European region increased 25.2% in the first half of 2021. Furthermore, the recovered carbon black is used in the production of several electronic products such as home appliances, computer and mobile phone casings, and various other electrical components. The electronic sector is expanding globally with increasing demand for electronic products and this is expected to drive the market’s growth during the forecast period. For instance, as per the July 2021 data by China.org.cn, consumer electronics export in South Korea maintained a growth trajectory for 12 months in a row. However, the complex process of recovering carbon black might hamper the market’s growth during the forecast period.

COVID-19 Impact

The recovered carbon black market was severely affected due to the COVID-19 pandemic. The market was introduced to challenges such as disruption in the supply chain and idling of factories, which hampered the market’s growth during the pandemic. The market players had to implement several measures to withstand the unprecedented circumstance amid the pandemic. Moreover, the stagnant growth in the automotive industry further hampered the market’s growth. As per the report by the International Organization of Motor Vehicle Manufacturers, in 2020, the production of automobiles plunged 16% globally due to the COVID-19 pandemic. The recovered carbon black market had considerable growth towards the end of 2020. Going forward, the market is projected to witness significant growth due to the expansion of the automotive and electronics sector.

Report Coverage

The report: Recovered Carbon Black Market Report - Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the recovered carbon black industry. 

By Packaging: Bags (Small Bags, Large Bags), Sacks, and Others
By Application: Tire, Technical Rubber (Seals, Molded Parts, Vibration Dampers, Others), Plastics, Toners, Inks, Paints and Coatings, and Others
By Grade: Reinforcing Grade, Semi-Reinforcing Grade, and Specialty Grade
By End Use: Automotive (Passenger Vehicle, Commercial Vehicle, Light Commercial Vehicles, Heavy Commercial Vehicles, Construction, Residential, Commercial, Office, Hotels and Restaurants, Educational Institutes, Others), Aerospace, Marine, Electronics, Packaging, and Others
By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways:

  • The automobile sector is driving the recovered carbon black market’s growth. According to the June 2021 stats by European Automobile Manufacturers Association, registrations of passenger cars in the European region jumped 53.4% in May 2021 compared to the same month in 2020.
  • The increasing demand for electronic products is projected to influence the market’s growth during the forecast period. As per the October 2020 report by Consumer Technology Association, smartphone sales will rise in 2022 with 76% of all smartphones expected to have 5G capabilities in 2022.
  • The Asia-Pacific region is expected to witness the highest demand for recovered carbon black owing to the booming automobile industry in the region. As per the stats by the China Association of Automobile Manufacturers, the annual sales volume of Chinese new energy vehicles is projected to reach 3 million units by 2025 which was 1.2 million units in 2019.

Figure: Asia Pacific Recovered Carbon Black Market Revenue, 2021-2027 (US$ Billion)

Recovered Carbon Black Market Revenue

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Recovered Carbon Black Market Segment Analysis - By Application

The tire application segment dominated the recovered carbon black market in 2021 and is growing at a CAGR of 12.7% during the forecast period. The residual material consists of a mixture of fumed silica, zinc components, and sulphur compounds used in multiple high-end applications ranging from color pigment, plastics, paints, and coatings. However, recovered carbon black finds its massive use in the production of tires as it helps in reducing the size of the carbon footprint to a great extent. The demand for recovered carbon black is increasing in the tire application and this is expected to augment the market’s growth during the forecast period. For instance, as per the March 2022 journal by Multidisciplinary Digital Publishing Institute, the demand for recovered carbon black is expanding in the tire sector with rCB as a substitute for commercial carbon black in tires. Such growth in the demand for recovered carbon black in tire application is expected to increase the requirement of recovered carbon black, in turn driving the market’s growth during the forecast period.

Recovered Carbon Black Market Segment Analysis - By End Use

The automotive sector dominated the recovered carbon black market in 2021 and is growing at a CAGR of 13.2% during the forecast period. Recovered carbon black contains less polycyclic aromatic hydrocarbon and helps in achieving sustainability goals which allow its massive consumption in the automotive industry. The residual material is used in the production of vehicle tires, hoses, belts, and various other components in large quantities. The automotive sector is displaying tremendous growth globally and this is expected to further drive the market’s growth during the forecast period. For instance, according to the October 2021 stats by Maruti Suzuki, the mini and compact segment in India registered 400568 units sold between April-September in 2021-22 which was 307,322 units in the same period in 2020-21. Similarly, registrations of diesel trucks in the European region increased to 361,135 units in 2019 compared to the previous year with the United Kingdom (+10.2%) witnessing the highest demand for diesel trucks. Such massive growth in the automotive sector is expected to bolster the demand for recovered carbon black, ultimately driving the market’s growth during the forecast period.

Recovered Carbon Black Market Segment Analysis - By Geography

The Asia-Pacific region held the largest share in the market in 2021, up to 32%. The high demand for recovered carbon black is attributed to the booming automotive sector in the region. Recovered carbon black is used in the region’s automotive industry for manufacturing high performance tires. The automotive sector is expanding with increasing vehicle production in the region and this is anticipated to stimulate the demand for recovered carbon black during the forecast period. For instance, as per the CEIC data stats, in 2020, 3481193 units of diesel vehicles were sold in China which was 2,805,966 units in 2019. Similarly, according to the October 2021 stats by Maruti Suzuki, 479,253 units of passenger cars were sold between April-October in 2021-22 in India compared to 437,078 units between April-October in 2020-21. Such a huge boost in the region’s automotive industry is expected to increase the requirement of tires which in turn will increase the demand for recovered carbon black during the forecast period.

Recovered Carbon Black Market – Drivers

Increasing demand for electronic products is driving the market’s growth

The electronics sector is one of the important application areas for recovered carbon black where it is used in the production of numerous electronic products and components such as home appliances, computers, and mobile phone casings. The demand for the electronic product is expanding robustly globally and this is expected to propel the market’s growth during the forecast period. For instance, according to the Global Electric Market Outlook 2022 report by the German Electro and Digital Industry Association, the electronic sector in South Korea touched a volume of USD 218.01 billion in 2020, increasing 4%. Similarly, as per the data by India Brand Equity Foundation, shipments of 5G smartphones crossed 4 million units in India in 2020 due to higher consumer demand post-lockdown. Such massive demand for electronic products is expected to bolster the demand for recovered carbon black, thereby driving the market’s growth during the forecast period.

Booming automotive sector is influencing the market’s growth

The automotive sector accounts for the largest market for recovered carbon black. The residual substance with fumed silica compounds and less polycyclic aromatic hydrocarbon is used extensively in the automotive sector. Recovered carbon black is utilized in the manufacturing of tires, hoses, belts, hoods, door panels, and various other components. The automotive sector is booming globally with increasing production and sales of vehicles and this is expected to influence the market’s growth during the forecast period. According to the August 2021 stats by SteelOrbis, Maruti Suzuki India Limited sold 141,238 units of passenger cars in July 2021, surging 39% year-on-year. Similarly, according to the January 2022 stats by China.org.cn, the sale of passenger cars in China touched 20.15 million units, increasing by 4.4% in 2021. Such massive expansion in the automotive sector globally is expected to increase the requirement of recovered carbon black, in turn influencing the market’s growth during the forecast period.

Recovered Carbon Black Market – Challenges

The complex recovery of carbon black might hamper the market’s growth

The recovery of carbon black is a complex process that has been a challenge and this might hamper the market’s growth during the forecast period. The recovery of carbon black is complex as it needs sophisticated equipment for separation. As per the July 2019 journal by ScienceDirect, the process of recovering carbon black is technically complex and expensive. Such complex recovery of carbon black restricts their widespread adoption and this might affect the market’s growth during the forecast period.

Recovered Carbon Black Market Industry Outlook

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the Recovered Carbon Black Market. Global Recovered Carbon Black top 10 companies include:

1. Pyrolyx AG
2. Delta-Energy Group, LLC
3. Black Bear Carbon
4. Scandinavian Enviro
5. Klean Industries
6. Bolder Industries
7. Dron Industries
8. ENRESTEC
9. The Hosokawa Group
10. Elysium Nordic

Recent Developments

  • In February 2022, Scandinavian Enviro announced that the company has received an order for 60 tonnes of recovered carbon black from a key European tire manufacturer. The tire manufacturer will utilize the recovered carbon black for production tests and bolster the proportion of recovered materials in its tires.
  • In February 2022, Scandinavian Enviro announced that the company became a member of the Scandinavian Automotive Supplier Association. Through this, Scandinavian Enviro aims to collaborate with the companies in this association and contribute practical knowledge about recovered carbon black material.
  • In August 2021, Black Bear Carbon signed an agreement with HELM AG for producing recovered carbon black from used tires. Both companies will produce recovered carbon black for international clients.

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1. Recovered Carbon Black Market- Market Overview
    1.1 Definitions and Scope
2. Recovered Carbon Black Market- Executive Summary
        2.1 Key Trends by Packaging
        2.2 Key Trends by Application
        2.3 Key Trends by Grade
        2.4 Key Trends by End Use
        2.5 Key Trends by Geography
    3. Recovered Carbon Black Market- Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Recovered Carbon Black Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Recovered Carbon Black Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis - Major companies
6. Recovered Carbon Black Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of substitutes
7. Recovered Carbon Black Market-Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product/Market life cycle
    7.4 Distributors Analysis - Major Companies
8. Recovered Carbon Black Market Segment Analysis – By Packaging (Market Size -US$ Million, Billion)
    8.1 Bags
        8.1.1 Small Bags
        8.1.2 Large Bags
    8.2 Sacks
    8.3 Others
9. Recovered Carbon Black Market Segment Analysis – By Application (Market Size -US$ Million, Billion)
    9.1 Tire
    9.2 Technical Rubber
        9.2.1 Seals
        9.2.2 Molded Parts
        9.2.3 Vibration Dampers
        9.2.4 Others
    9.3 Plastics
    9.4 Toners
    9.5 Inks
    9.6 Paints and Coatings
    9.7 Others
10. Recovered Carbon Black Market Segment Analysis – By Grade (Market Size -US$ Million, Billion)
    10.1 Reinforcing Grade
    10.2 Semi-Reinforcing Grade
    10.3 Specialty Grade
11. Recovered Carbon Black Market Segment Analysis – By End Use (Market Size -US$ Million, Billion)
    11.1 Automotive
        11.1.1 Passenger Vehicle
        11.1.2 Commercial Vehicle
            11.1.2.1 Light Commercial Vehicles
            11.1.2.2 Heavy Commercial Vehicles
    11.2 Construction
        11.2.1 Residential
        11.2.2 Commercial
            11.2.2.1 Office
            11.2.2.2 Hotels and Restaurants
            11.2.2.3 Educational Institutes
            11.2.2.4 Others
    11.3 Aerospace
    11.4 Marine
    11.5 Electronics
    11.6 Packaging
    11.7 Others
12. Recovered Carbon Black Market Segment Analysis - By Geography (Market Size -US$ Million / Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zealand
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of Asia Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 ROW
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Recovered Carbon Black Market-Entropy
    13.1 New Product Launches
    13.2 M&A’s, Collaborations, JVs and Partnerships
14. Recovered Carbon Black Market- Industry/Segment Competition Landscape Premium
    14.1 Company Benchmarking Matrix- Major Companies
    14.2 Market Share at Global Level- Major companies
    14.3 Market Share by Key Region- Major companies
    14.4 Market Share by Key Country- Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category- Major companies
15. Recovered Carbon Black Market- Key Company List by Country Premium Premium 
16. Recovered Carbon Black Market Company Analysis- Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

LIST OF FIGURES

1.US Recovered Carbon Black Market Revenue, 2019-2024 ($M)
2.Canada Recovered Carbon Black Market Revenue, 2019-2024 ($M)
3.Mexico Recovered Carbon Black Market Revenue, 2019-2024 ($M)
4.Brazil Recovered Carbon Black Market Revenue, 2019-2024 ($M)
5.Argentina Recovered Carbon Black Market Revenue, 2019-2024 ($M)
6.Peru Recovered Carbon Black Market Revenue, 2019-2024 ($M)
7.Colombia Recovered Carbon Black Market Revenue, 2019-2024 ($M)
8.Chile Recovered Carbon Black Market Revenue, 2019-2024 ($M)
9.Rest of South America Recovered Carbon Black Market Revenue, 2019-2024 ($M)
10.UK Recovered Carbon Black Market Revenue, 2019-2024 ($M)
11.Germany Recovered Carbon Black Market Revenue, 2019-2024 ($M)
12.France Recovered Carbon Black Market Revenue, 2019-2024 ($M)
13.Italy Recovered Carbon Black Market Revenue, 2019-2024 ($M)
14.Spain Recovered Carbon Black Market Revenue, 2019-2024 ($M)
15.Rest of Europe Recovered Carbon Black Market Revenue, 2019-2024 ($M)
16.China Recovered Carbon Black Market Revenue, 2019-2024 ($M)
17.India Recovered Carbon Black Market Revenue, 2019-2024 ($M)
18.Japan Recovered Carbon Black Market Revenue, 2019-2024 ($M)
19.South Korea Recovered Carbon Black Market Revenue, 2019-2024 ($M)
20.South Africa Recovered Carbon Black Market Revenue, 2019-2024 ($M)
21.North America Recovered Carbon Black By Application
22.South America Recovered Carbon Black By Application
23.Europe Recovered Carbon Black By Application
24.APAC Recovered Carbon Black By Application
25.MENA Recovered Carbon Black By Application
26.Pyrolyx, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Black Bear Carbon, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Scandinavian Enviro Systems AB, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Delta-Energy Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Radhe Group of Energy, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Klean Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Alpha Carbone, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Bolder Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Dron Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.DVA Renewable Energy JSC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Enrestec, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Integrated Resource Recovery, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Sr2o Holdings, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.New Entrants, Sales /Revenue, 2015-2018 ($Mn/$Bn)