Recovered Carbon Black Market to grow at 50.0% CAGR during 2018 to 2023 | Global Major Manufacturers, Production and Sales Market Comparison

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The Recovered Carbon Black Market size is estimated at US$ 55 Million in 2018 and is projected to reach US$ 491 Million by 2023, at a CAGR of 55.0% between 2018 and 2023. The recovered carbon black market is driven by various factors, such as increasing use of recovered carbon black in various applications, such as tires, non-tire rubber, plastics, coatings, and inks; abundant availability of end-of-life tires; and low and fixed cost of recovered carbon black.

“Tire application to witness the highest CAGR in overall recovered carbon black market during the forecast period.”
The market in the tire application is projected to witness the highest growth during the forecast period. The growing automotive industry and rising need for environmentally-friendly and sustainable products in this industry are expected to increase the demand for green tires across the globe. This is expected to drive the consumption of recovered carbon black for the production of green tires in the automobile industry.

“North America estimated to account for largest share of recovered carbon black market during the forecast period.”
North America is estimated to account for the largest share of the recovered carbon black market in 2018, with the US estimated to be the biggest market in North America. Canada and Mexico are the other major countries contributing to the growth of the recovered carbon black market in this region. The increasing demand for environmentally-friendly products from applications such as tire, non-tire rubber, plastics, and coatings is expected to drive the recovered carbon black industry in these countries.

The breakup of primary interviews is given below:
• By Company Type - Tier 1 – 70%, Tier 2 – 20%, and Tier 3 – 10%
• By Designation -Director level – 30%, C level –21%, and Others – 49%
• By Region - North America – 35%, Europe – 30%, APAC – 25%, and Rest of World –10%.

The Study Objectives of this report are:

• To forecast the market size of different segments with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of World

• To provide information about the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market

• To define, describe, and forecast the size of the recovered carbon black market, in terms of value and volume

• To analyze the competitive developments such as expansions, joint venture, agreement, and research & development (R&D) activities in the market

• To strategically profile the key players and comprehensively analyze their growth strategies

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Top Key Players in the “Recovered Carbon Black Market” include 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), SR2O Holdings (US),Eneform (New Zealand), Doublestar Group (China), and Carbon Recovery GmBh (Austria).

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