The key competitors of this market include Alpha Carbone (France), Black Bear Carbon BV (Netherlands), Bolder Industries (United States), Delta-Energy Group, LLC (United States), Enrestec Inc. (Taiwan), Klean Industries Inc. (Canada), Pyrolyx AG (Germany), Scandinavian Enviro Systems AB (Sweden), SR2O Holdings, LLC (United States), Carbon Recovery GmbH (Germany), and the Radhe Group of Energy (India).
New York, June 18, 2019: Axiom Market Research & Consulting™ added a report on global recovered carbon black (rCB) market which includes study on various applications across countries of key regions around the world. The global rCB market was projected to grow at a CAGR of 53.89% for the forecast period 2019 to 2025. The global market is estimated and forecasted in terms of revenue (USD billion) and volume (metric tons) generated by the rCB market. The global rCB market is studied for segments including application and geography. The rcB industry has major applications in tire, non-tire rubber, plastics, coatings and inks. The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World.
The North American market held the largest market share in 2018
The North American market held the largest market share in 2018 and is projected to register a strong CAGR during the forecast period. This is attributed to the increasing number of unused tires and growing demand for environmentally friendly fillers for various applications such as tire, non-tire rubber, and plastics. Furthermore, Asia-Pacific is estimated to be the fastest-growing market by the end of the forecast period owing to the surging demand for sustainable products in the automotive and rubber industries.
In 2018, tire application segment accounted for the largest market share
The tire application is the dominant segment of the overall rCB market. rCB is acceptable for use in several parts of tires such as inner-liners, carcasses, sidewalls, and treads, based on the specific performance requirements. Furthermore, demand for non-rubber applications that mainly use specialty blacks will display significant increase.
European rCB market accounted for the second-largest market share in 2018
European recovered carbon black market accounted for the second-largest market share in 2018 due to the high consumption of the product in automotive tire and plastic applications. Germany is expected to be the major contributor in the region due to advanced technological operations and large automotive base.
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