Rising Demand from Automotive Industry to Fuel The Global Recovered Carbon Black Market
rCB Market Insights
The global recovered carbon black market is anticipated to create lucrative growth opportunities owing to the implementation of strict government regulations to make use of recovered carbon black in diverse sectors such as rubber, transportation, and automotive.
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The emerging transportation and automotive industry are likely to propel the global market growth in the coming years. According to the OICA (International Organization of Motor Vehicle Manufacturers), the production has increased to around 7.5%. Various properties such as reduced CO2 emissions, low ash content, and high robustness is further projected to be applicable in various applications such as tire and rubber products production.
However, high production cost is a major concern faced by suppliers and manufacturers, which might hamper the global recovered carbon black market growth amid the forecast period.
Market Segmentation
The global recovered carbon black market has been segmented based on application and region.
Based on application, the global recovered carbon black market has been classified into tire, non-tire rubber, coatings, plastics, and inks.
The global recovered carbon black market, by region, has been studied across five key regions—Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
Regional Insights
The North American market was accounted for as the leading market in terms of shareholding in 2017 and is likely to show a robust CAGR in the forecast period. This influencing position is attributed to the high demand for eco-friendly fillers used majorly in tire and plastic industries and growing volumes of unused tires. The US is expected to dominate in the region.
Asia-Pacific is projected to be the rapidly emerging market by the end of the forecast period due to the growing demand for sustainable products in the rubber and automotive industries. China is likely to lead the regional market, followed by Japan, India, South Korea, and Taiwan.
Moreover, Europe holds the second position on the basis of market share in 2017 owing to high consumption of recovered carbon black market for plastic applications and tire production. Thus, owing to the presence of massive automotive base and investment in advanced technology development, Germany is predicted to dominate in the global market, while other countries such as France, Italy, and Spain are projected to be key contributors in the growth of the regional market.
The Middle East & African market is estimated to show a stable growth amid the forecast period owing to moderate demand for the tire applications. Countries such as Saudi Arabia and UAE are anticipated to be the major contributors to the growth of the regional market.
The Latin American market is anticipated to register a moderate CAGR in the following years due to restrained demand for rCB in various end-use applications. Mexico is anticipated to be a dominating market in the region, followed by Argentina and Brazil.
Major Players
The global recovered carbon black market is operated by various leading players through their product, supply chain, and services. These players include Black Bear Carbon B.V., Enrestec Inc., SR2O Holdings, LLC, DVA Renewable Energy, Enrestec Inc., Delta-Energy Group, Pyrolyx AG, DVA Renewable Energy JSC., Scandinavian Enviro Systems AB, and Integrated Resource Recovery.
Recent updates
– Pyrolyx A.G., a major name in the recovered carbon black market planned to remove its shares in Germany and merge all its share trading onto the Australian Stock Exchange (ASX) by 2020. Presently, Pyrolyx shares are registered on the Germany stock exchanges Duesseldorf and Frankfurt, as well as the ASX, under the ticker PLX. The company stated that the objective behind the strategic reform is to drop the intricacy and cost of multiple listings which lead to uncertain requirements between Australian and German capital markets legislation.
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
2.4 Key Takeaways
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics Of Global Recovered Carbon Black Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
5 Market Factor Analysis Of Global Recovered Carbon Black Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End User
5.2 Porter’s Five Forces Analysis
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Buyers
5.2.3 Bargaining Power Of Suppliers
5.2.4 Threat Of Substitutes
5.2.5 Intensity Of Competitive Rivalry
5.3 Pricing Analysis
LIST OF TABLES
Table 1 Global Recovered Carbon Black Market: By Region, 2016−2023
Table 2 North America: Recovered Carbon Black Market, By Country, 2016−2023
Table 3 Europe: Recovered Carbon Black Market, By Country, 2016−2023
Table 4 Asia-Pacific: Recovered Carbon Black Market. By Country, 2016−2023
Table 5 Middle East & Africa: Recovered Carbon Black Market, By Country, 2016−2023
Table 6 Latin America: Recovered Carbon Black Market, By Country, 2016−2023
Table 7 Global Recovered Carbon Black Application Market, By Regions, 2016−2023
Table 8 North America: Recovered Carbon Black Application Market, By Country, 2016−2023
Table 9 Europe: Recovered Carbon Black Application Market, By Country, 2016−2023
Table10 Asia-Pacific: Recovered Carbon Black Application Market, By Country, 2016−2023
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