Europe Recovered Carbon Black Market Analysis and Opportunities by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Europe Recovered Carbon Black Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Tire, Non-Tire Rubber, Plastics, and Others)
- Report Date : Nov 2021
- Report Code : TIPRE00025894
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 76
The recovered carbon black market in Europe is expected to grow from US$ 1,623.18 million in 2021 to US$ 3,594.48 million by 2028; it is estimated to grow at a CAGR of 12.0% from 2021 to 2028.
The UK, Germany, France, Italy, and Russia are major economies in Europe. Recovered carbon black is widely preferred in applications such as tire, non-tire rubber, plastics, coatings, and inks due to its excellent natural or bio-based properties. It is used as a reinforcing agent in the production of hoses, conveyor belts, seals, gaskets, geomembranes, rubber sheets, and rubber roofing, among other non-tire rubber applications. It is also used in footwear rubber to impart abrasion resistance and elasticity. The recovered carbon black increases the strength of mechanical rubber products as it has low ash content. In the plastics industry, it is used in the production of conductive packaging, fibers, films, moldings, pipes, and semi conductive cable compounds that are used in products such as industrial bags, reuse sacks, photography containers, stretch wrap, agriculture mulch film, and thermoplastic molding applications. The thermoplastic molding products find major applications in the automotive, electrical/electronics, and household appliances industries, among others. Recovered carbon black can be used as a substitute for virgin carbon black in coatings to enhance their aesthetics and protective qualities. Demand for high-performance coatings is expected to rise across the world due to their enhanced protection abilities and aesthetics. These coatings provide greater durability and, therefore, are highly demanded by the automotive and aerospace industry. Thus, the expanding application range of recovered carbon black is propelling the market growth.
In Europe, currently France, the UK and Russia are the worst impacted countries by the COVID-19 pandemic. It is estimated to suffer an economic hit due to a lack of revenue from various industries subjected to distortion in supply chain. The massive outbreak of the pandemic has created temporary distortion in operational efficiencies of industrial bases in the European market. Several industrial bases such as automotive, chemical and others have been impacted by the pandemic, which had a direct impact upon the demand for recovered carbon black in the regional market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the recovered carbon black market. The Europe recovered carbon black market is expected to grow at a good CAGR during the forecast period.
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Europe Recovered Carbon Black Market Segmentation
Europe Recovered Carbon Black Market – By Application
- Tire
- Non-Tire Rubber
- Plastics
- Others
Europe Recovered Carbon Black Market- By Country
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
Europe Recovered Carbon Black Market-Companies Mentioned
- Alpha Carbone
- Black Bear Carbon B.V.
- Bolder Industries
- ENRESTEC
- Pyrolyx AG
- Scandinavian Enviro Systems AB
- SR2O Holdings, LLC
Europe Recovered Carbon Black Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,623.18 Million |
| Market Size by 2028 | US$ 3,594.48 Million |
| Global CAGR (2021 - 2028) | 12.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Alpha Carbone
- Black Bear Carbon B.V.
- Bolder Industries
- ENRESTEC
- Pyrolyx AG
- Scandinavian Enviro Systems AB
- SR2O Holdings, LLC
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