Recovered Carbon Black Market: Introduction
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.
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.
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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.