Recovered Carbon Black Market
Recovered Carbon Black Market Analysis, By Product Form (Granular, Powder), By End Use (Battery Production, Automotive Production, Tire Production, Plastic Production, Electronics Production, Dye & Pigment Production, Flooring Production), & Region - Global Market Insights 2023 to 2033
Analysis of Recovered Carbon Black Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Recovered Carbon Black Market Growth Outlook 2023 to 2033
The global recovered carbon black market accounted for a valuation of US$ 1.88 billion in 2022 and it is expected to surge ahead at a CAGR of 11.1% to end up at US$ 5.42 billion by 2033
Recovered carbon black is produced from the pyrolysis of end-of-life tires. rCB is an ideal replacement for virgin carbon black. In the business, manufacturers consider rCB as black gold due to its high valuation.
Moreover, recovering carbon black contributes towards reducing carbon footprint and providing sustainable feedstock for various end uses such as battery production, plastic production, electronic production, etc.
The automotive industry is the largest consumer of tires. The industry is flourishing exponentially owing to an improved economy and raised standards of living for the people. However, tires (tyres) are the only part of the vehicle in contact with the ground and have a finite service life - the replacement rate of tires is increasing rapidly. As a result, an enormous amount of waste is being generated, contributing to environmental pollution.
Stringent environmental regulations have compelled manufacturers and several end users to reduce their carbon footprint and employ sustainable methods for production processes. Consumption of virgin carbon black releases an enormous amount of CO2, leading to environmental pollution. Replacing virgin carbon black with rCB would reduce approximately 2,000 kilos of CO2 per ton of production.
To meet the COP27 target, the demand for recovered carbon black has increased extensively. The ratio of tyre waste generation to tyre production presents an opportunity for traditional carbon black manufacturers to effectively utilize this waste and valorize it into a useful product.
The global rCB market experienced a growth rate of 6.6% between 2018 and 2022, according to this new Fact.MR analysis.
- Rebound in the economy post-pandemic has increased the demand for automobiles. Higher standard of living is one important factor contributing to the sales of passenger vehicles. On account of increasing consumption, the demand for sustainable solutions will ultimately drive the market for recovered carbon black.
- Implementation of the production of carbon black from waste by manufacturers would provide a different tangent to market growth. A circular economy is also essential for achieving long-term sustainable developmental goals.
- Environmental regulations and requirements of effective & immediate replacements of fossil-based materials would have a positive impact on the demand growth for recovered carbon black.
Market Size in 2022
US$ 1.88 Billion
Estimated Market Value (2023E)
US$ 2.07 Billion
Forecasted Market Value (2033F)
US$ 5.42 Billion
Global Market Growth Rate (2023-2033)
North America Market Share (2022)
North America Market Growth Rate (2023-2033)
U.S. Market Growth Rate (2023-2033)
Market Share of Top 5 Companies
Key Companies Profiled
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Industrial Usage of Recuperated Carbon Black to Reduce Global Carbon Footprint
Over the past few decades, the carbon footprint has grown exponentially, and as a result, drastic changes have been observed in climatic conditions across the world. Owing to increasing environmental concerns, government authorities are imposing strict regulations for industrial manufacturers to limit carbon release. Recovered carbon black produced from waste tyres efficiently helps reduce carbon footprint.
Recovered carbon black possesses the same properties as virgin carbon black. Also, owing to increased performance, rCB is being extensively used in rubber and tyre production as a reinforcing agent. Furthermore, the presence of materials such as zinc and silica enhances the overall properties of rCB, finding application as an additive in masterbatches that are used for coloring plastics and rubber compounds.
rCB Industry to Provide Local Circular Solution to Global Problem
Conventionally, industries used to function in a linear approach. However, with changing environmental, social, and government dynamics across the globe, the circular approach is being practiced from the manufacturers’ as well as consumers’ end. Approximately 4 billion tyre waste ends up in landfills and around 1.5 billion is added every year worldwide.
Thus, to reduce waste after product end-life, further processing helps recover 80% of the carbon present in a tyre. Also, during the tyre pyrolysis process, TPO, also known as tyre processing oil, is produced, making it a commercially viable product in the energy production process.
The valorization of waste tyres contributes towards the production of useful components, leading to a circular economy and tackling many environmental challenges.
High Cost Due to Inefficient Purification Process
Pyrolysis of waste tires at an elevated temperature is used for the recovery of carbon black. The process yields a very useful product but the cost of production and refining is still on the higher side. Additionally, the end-of-life tyre contains many impurities that need to be separated before recovering the carbon material. The refining process needs an optimized operation methodology that efficiently removes all the impurities and does not affect the chemical properties of rCB.
Besides impurities, the waste material used for the pyrolysis and production process also needs technical evaluation so that the recovered end product encompasses all the properties as compared to virgin carbon black. Although quality control and refining are essential, cost is the most significant factor that hampers the process and quality of the end product.
Despite the benefits of recovered carbon black, process optimization and acceptance from end-use industries are still necessary to overcome market barriers.
Image illustrates analysis of recovered carbon black based on region and end use. Under the end-use segment, tire production dominated with 38.9% market share in 2022.
U.S. Largest Consumer of Recovered Carbon Black
Stringent government regulations are driving the consumption of recovered carbon black in the U.S. Owing to an established economy and high disposable income, the demand for vehicles is increasing rapidly, which directly generates a lot of waste that goes into landfills.
Thus, to overcome environmental pollution challenges, manufacturers are adopting ways to valorize waste and efficiently use it in further production processes. The U.S. market is expected to expand at a CAGR of 8.9% over the next ten years.
China to Play Important Role in Global Market
China is the largest industrial manufacturer and massively contributes to environmental pollution. With changing environmental regulations, the country has committed to reevaluating its energy emission process and reaching net zero emissions by 2060.
As a result of this commitment, the country is strictly using a circular economy approach to limit waste generation and carbon emissions. Approximately 300 million waste tyres were in 2021 and the process is expected to increase at a higher rate over the coming years.
The market in China is expected to inflate at a CAGR of 11.7% over the decade.
Recovered Carbon Black Most Used in Tire Production
The rapidly expanding vehicle industry is the largest consumer of tyres and generates massive black waste. To reduce black waste pollution, manufacturers are using recovered carbon black in tyre production as a reinforcing agent.
The circular approach not only helps overcome waste generation but also limits the usage of fossil-based carbon and emissions into the environment. Both economically and environmentally, this approach has proven to be useful in the distant future.
Consumption of recovered carbon black in tyre production is expected to grow at a CAGR of 10.6% through 2033 in the global market.
Battery Production from rCB to Heighten Product Demand
Increasing use of batteries in automobile electronics has put enormous pressure on manufacturers. To meet the soaring demand, manufacturers are exploring alternatives for battery production. Tailored pyrolysis of waste tire yields recovered carbon black that is utilized for the production of lithium-ion battery anodes. The process is low in cost and a very useful alternative to meet the surging demand.
Utilization of rCB in battery production is expected to increase at a CAGR of 10.1% over the next ten years.
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Prominent recovered carbon black manufacturers are HOSOKAWA MICRON B.V., Klean Industries Inc., Delta-Energy Group, Scandinavian Enviro Systems AB, Black Bear Carbon B.V., Hi Green Carbon, ENRESTEC, Bolder Industries Corporate, SR2O Holdings, LLC, DVA Renewable Energy JSC., Waverly Carbon Ltd, Recovered Carbon Black, Alpha Carbone, Strebl Green Carbon Pte Ltd., Mobius Enviro-Solutions Inc, and Dynamic Pyrolysis Ind. (Pvt.) Ltd.
Key manufacturers of recovered carbon black are strengthening their local networks to ensure the regular supply of the raw material for further processing. Also, strategies for cost optimization for the purification process are being employed to capture a large consumer base.
Additionally, players in the recovered carbon black market are focused on the expansion of their production facilities to meet the surging demand. Major initiatives taken by manufacturers to outperform others in the global market are:
- In October 2022, Klean Industries rolled out two significant end-of-life tyre pyrolysis projects in Melbourne and Sydney using Klean’s tire recycling technology.
- In June 2021, Black Bear Carbon successfully raised EUR 7.8 million for its new flagship plant at the Chemelot Industrial plant, the Netherlands, for the production of high-quality black carbon from end-of-life tyres.
Fact.MR has provided detailed information about the price points of key manufacturers of recovered carbon black positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Industry Survey
By End Use:
- Battery Production
- Automotive Component Production
- Tire Production
- Plastic Production
- Electronics Production
- Dye & Pigment Production
- Flooring Production
- North America
- Latin America
- East Asia
- South Asia & Oceania
- FAQs -
Between 2018 and 2022, sales of recovered carbon black experienced a growth rate of 6.6%
Worldwide recovered carbon black consumption is anticipated to grow at a CAGR of 11.1% by 2033.
The global recovered carbon black is expected to reach US$ 5.42 billion by 2033.
East Asia currently accounts for 19.5% share of the global market.
Powdered rCB accounts for 57.6% share of the global market.