Recovered Carbon Black Market to Expand with Significant CAGR During 2027
Recovered
carbon black (rCB) is carbon black recovered from end-of-life tires
(ELTs) through the pyrolysis process. It is a nw product that has
recently been introduced in the market in commercial quantities.
Recovered carbon black offers significantly better environmental
profile than virgin carbon black in terms of greenhouse gas emissions
(2.5–3.0 tons of carbon dioxide is emitted per ton of virgin carbon
black, which is nearly zero for rCB). Unlike virgin carbon black,
production of recovered carbon black does not result in high emission
of sulfur oxides, nitrogen oxides (SOx/NOx), or particulate matter.
Carbon black plants in the U.S. are being compelled to reduce their
air emissions. Recovered carbon black offers a cost-effective measure
to carbon black and tire industries to improve their carbon
footprints.
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Global
Recovered Carbon Black Market Trends
Recovered
carbon black does not necessarily possess properties similar to
standard carbon black in tires or rubber compounds or in a master
batch. Recovered carbon black does not follow standard carbon black
performance correlations based on colloidal properties such as
surface or structural parameters. Recovered carbon black is usually
classified as N330 grade based on its colloidal parameters, depending
on the specific application it actually performs within a range of
N500 to N700. It is used as a reinforcing agent in the production of
several non-tire rubber products such as conveyor belts, hoses,
gaskets, seals, rubber sheets, geo-membranes, and rubber roofing. It
is also used in footwear rubber to impart abrasion resistance. Growth
in this application is ascribed to the expansion in the rubber
industry and rise in need for eco-friendly products. Major tire and
automotive OEMs are moving toward corporate sustainability. Thus,
demand for recycled and recovered products is rising. This is
expected to drive the recovered carbon black market during the
forecast period.
Global
Recovered Carbon Black Market: Segmentation
Based
on application, the global recovered carbon black market can be
segmented into tire, non-tire rubber, plastics, coatings, and inks.
Based on region, the market can be segregated into North America,
Europe, Asia Pacific, Latin America and Middle East & Africa.
Europe accounted for dominant share of the global recovered carbon
black market in 2018. Asia Pacific and Europe cumulatively accounted
for more than 60% share of the global market in 2018. In terms of
value and volume, the market in North America and Asia Pacific is
estimated to expand at a rapid pace during forecast period owing to
stringent regulations imposed by the U.S. EPA (Environmental
Protection Agency) on hazardous chemicals released from carbon black
manufacturing facilities. The market in Europe is anticipated to
expand in the near future due to the implementation of regulations
about the environment, energy efficiency, increase in trend of
circular economy and safe recycling of tires. In terms of
consumption, Europe hold key share of the global market. Recovered
carbon black is primarily employed in the manufacture of tires and
industrial rubber goods in the region. Growth of automotive and
industrial rubber industries, and sustainable production activities
in North America have boosted the demand for recovered carbon black
in Europe. Global tire production has been increasing by 3.3% per
year since 2015. The growth rate is likely to continue till 2026. It
represents an acceleration over the pace in the previous decade.
Continental, Giti Tire, Hankook, Kumho, Qingdao Sentury, and Yokohama
are planning to open new tire manufacturing factories using recovered
carbon black in the U.S. Bridgestone, Goodyear, and Toyo plan to
invest significantly in their existing plants in order to achieve
sustainable production.
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Global
Recovered Carbon Black Market: Key Players
Key
companies operating in the global recovered carbon black market
include Pyrolyx AG, Black Bear Carbon B V, Delta-Energy Group, and
DRON Industries. In June 2017, Black Bear announced that its carbon
black had received an official Cradle to Cradle CertifiedTM Bronze
Certificate, which is awarded by the Netherlands’ Environmental
Protection Encouragement Agency (EPEA). This was the first time that
any carbon black company in the market received the certification.
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