The Global Recovered Carbon Black Market was valued at US$ 78.56 Mn in 2020 and is expected to reach 563.26 Mn by 2027, at a CAGR of 32.5% during the forecast period.
Global Recovered Carbon Black Market Overview
The Global Recovered Carbon Black Market is growing at faster with substantial growth rates over the previous few years and it is estimated that the market can grow considerably within the forecasted period i.e., 2021-2029. The reports helps in recognizing the key drivers that are driving the growth in the market and also helps in using these drivers as strength.
Recovered carbon black is a substance produced by the pyrolysis of tyres. The demand for high-performance coverings with superior protection capabilities and appealing aesthetics is what is driving the global market for recovered black carbon. These coverings are more durable and are in high demand in the aerospace and automotive sectors.
Market Scope
The report includes factors like Market segmentation and overall market insights for manufacturers, suppliers, distributors and investors in the global Global Recovered Carbon Black Market . In addition the development process the report provides the cost structures and the development goal and objectives. The strength and weakness of the market are studied applying research tools such SWOT, PESTLE and PORTER’s five forces to seek upcoming opportunities and to deal with the upcoming challenges. The primary and secondary data were analysed by the research experts to find the key drivers and aspects of the Global Recovered Carbon Black Market . The information and data provided in the report may be used by all stakeholders, students, consulting firms, research institutes, industry professionals, journalists, business researchers, etc. in the global Global Recovered Carbon Black Market .
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Global Recovered Carbon Black Market Segmentation
Based on application, the tyre segment accounted for 71% of the market in 2020 and is anticipated to expand at a CAGR over the coming years. The development of emerging economies in Asia Pacific and Latin America, along with the expansion of the transportation sector, will all contribute to the segment's growth in the market over the coming years. The production of tyres is projected to increase at a CAGR over the forecast period, reaching 255 Mn units in 2020.
During the forecast period, the non-tire rubber market is anticipated to expand at a CAGR . In the production of numerous non-tire rubber products, such as hoses, conveyor belts, seals, gaskets, rubber sheets, geomembranes, and rubber roofing, recovered carbon black is used as a strengthening agent. The market segment is expanding due to the expansion of the rubber industry and the rising demand for environmentally friendly products.
Key Players
• Scandinavian Enviro Systems AB
• Integrated Resource Recovery
• DVA Renewable Energy JSC
• Radhe Group of Energy
• Delta-Energy Group
• Black Bear Carbon
• Alpha Carbone
• Klean Industries
• DRON Industries
• Bolder Industries
• New Entrants
• SR2O Holdings
• Enrestec
• Pyrolyx
• Reoil Sp. z o.o.
• Ampacet Corporation
• Carbon Recovery GmbH
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Regional Analysis
The report also analysis the regional factors that drive the Global Recovered Carbon Black Market growth. It demonstrates the most significant regional divisions such as North America, Asia Pacific, Europe, Latin America the Middle East and Africa has global influence. The Global Recovered Carbon Black Market research report includes a geographic condition of the market, and revenue as well as in depth research into the business network structure, opportunities, and news update.
Key Questions answered in the Global Recovered Carbon Black Market Report are:
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Mar 08, 2023