Recovered Carbon Black (rCB) Market | Key players: Pyrolyx, Delta-Energy Group, Black Bear Carbon, Scandinavian Enviro Systems AB, Klean Industries, Radhe Group of Energy, Alpha Carbone, Bolder Industries.

According to recent market research "Recovered Carbon Black (rCB) Market by Application (Tire application, Non-Tire Rubber application, Plastics application, Coatings application, and Inks application), and Region (North America, Europe, Asia Pacific, RoW) - Global Forecast to 2023", The recovered carbon black market size is estimated at USD 55 million in 2018 and is projected to reach USD 491 million by 2023, at a CAGR of 55.0% between 2018 and 2023.

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The increasing use of environmentally-friendly and sustainable products in various applications, such as a tire, non-tire rubber, plastics, coatings, and inks, is expected to drive the recovered carbon black market.

Recovered carbon black is a material obtained from the recycling of waste or end-of-life tires and waste rubber using pyrolysis process. It is considered as an environmentally-friendly substitute for virgin carbon black as it offers significant reductions in carbon dioxide (CO2) emission compared to virgin carbon black production. Recovered carbon black is used in several applications similar to that of virgin carbon black. Hence, the rising demand for sustainable and environmentally-friendly products in applications such as tire, non-tire rubber, plastics, coatings, and inks is expected to drive the market for recovered carbon black. MarketsandMarkets expects the global recovered carbon black market size to grow from USD 55 million in 2018 to USD 491 million by 2023, at a compound annual growth rate (CAGR) of 55.0% during the forecast period.

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Increasing governmental regulations regarding the use of environmentally-friendly and sustainable products in several end-use industries such as automotive, rubber, and plastics is expected to provide growth opportunities for the recovered carbon black market, globally. The key players in the recovered carbon black market can adopt strategies such as new product development, expansion, and agreement to expand their market shares.

The major driving factors of the recovered carbon black market are growing demand for sustainable and environmentally-friendly fillers in tire and non-tire rubber applications, abundant availability of end-of-life tires, and low and fixed price of recovered carbon black.

The key players in the recovered carbon black market are Pyrolyx (Germany), Delta-Energy Group (US), Black Bear Carbon (Netherlands), Scandinavian Enviro Systems AB (Sweden), Klean Industries (Canada), Radhe Group of Energy (India), Alpha Carbone (France), Bolder Industries (US), DRON Industries (Slovakia), DVA Renewable Energy JSC (Vietnam), Enrestec (Taiwan), Integrated Resource Recovery (US), and SR2O Holdings (US). These players adopted expansions, agreements, and joint ventures as their key growth strategies from 2015 to 2018, which helped them increase their capacities and cater to the widening customer base.

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Scandinavian Enviro Systems AB (Sweden) adopted agreement as its primary strategy to increase its geographic presence. The company, in December 2018, signed a Memorandum of Understanding (MoU) with EE-TDF Cleveland (US), a company involved in tire recycling. Under this agreement, the companies will construct a recycling plant with a capacity of recycling about 30 kilotons tires/year at the existing site of EE-TDF Cleveland located in Texas, US. This agreement will enable Enviro to increase its footprint in the US market. In June 2018, the company signed an MoU with Treadcraft Limited (US), a tire recycling company, for establishing a recycling plant in New York, US. This plant will have a recycling capacity of about 30 kilotons tires/year and is expected to increase the presence of Enviro in the North American Market.

Pyrolyx (Germany) adopted strategies such as expansion and joint venture to increase its production capacity and geographic presence. Pyrolyx USA, a subsidiary of Pyrolyx, started construction of a plant at Terre Haute, Indiana, US in October 2018. It is expected to be built entirely by May 2019 and is likely to be operational in June 2019. This plant will have a processing capacity of 40,000 tons of end-life-tires, annually, and will produce about 13 kilotons of recovered carbon black. In December 2016, Pyrolyx International, a subsidiary of Pyrolyx and Reklaim (US), signed a joint venture agreement for the establishment of Pyrolyx USA in the US. Under this joint venture agreement, both the companies will collaborate to establish and operate one or more production facilities for recovered carbon black in the US and Canada. Pyrolyx holds 94% share in Pyrolyx USA.

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