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North America Recovered Carbon Black Market

2021

North America Recovered Carbon Black Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Tire, Non-Tire Rubber, Plastics, and Others)

Publication Month: Nov 2021 | Report Code: TIPRE00025708 | No. of Pages: 68 | Category: Chemicals and Materials | Status: Published

Market Insights

North America Recovered Carbon Black Market to Grow at a CAGR of 11.2% to reach US$ 1,863.38 million from 2021 to 2028

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The recovered carbon black market in North America is expected to grow from US$ 884.67 million in 2021 to US$ 1,863.38 million by 2028; it is estimated to grow at a CAGR of 11.2% from 2021 to 2028.

The US, Canada, and Mexico are economies in North America. Producing recovered carbon black from waste generated by rubber goods, specifically tires is an ecologically beneficial process. Moreover, the outcome is also finer than virgin carbon black, allowing for better cuts in the finished product. To produce 1 kg of virgin carbon black, ~1.5–2 kg of crude oil is required. Moreover, recovering carbon black also entails reusing valuable raw materials, propelling one higher up the recycling hierarchy. Thus, replacing virgin carbon black, produced out of traditional furnace processes, with recovered carbon black considerably reduces the carbon footprint. The use of recovered Carbon Black (rCB) alone can reduce the size of the carbon footprint by 80%, which is why many large tire manufacturers are trying to use significantly more recovered carbon black. For instance, in October 2018, Pyrolyx USA began constructing a plant in Terre Haute, Indiana, USA. It is expected to be fully completed in May 2019 and will start production in June 2019. The plant will have the capacity to process 40,000 tons of used tires per year and produce about 13 kilotons of recycled carbon black and 17.5 kilotons of pyrolysis oil, and 6.2 thousand tons of steel. Thus, the cost and environmental advantages associated with recovered carbon black are propelling the market growth.

North America is one of the worst affected economies due to COVID-19 pandemic. The US has the highest number of confirmed cases of COVID-19, compared to Canada and Mexico. The unprecedented rise in number of COVID-19 cases across the US and Canada and the subsequent lockdown of its numerous manufacturing facilities has negatively influenced the growth of various markets. The significant disruption in manufacturing facilities along with raw material sourcing have had a negative impact upon the demand for recovered carbon black in the country. However, the market is reviving on account of significant measures undertaken by the governments such as vaccination drives. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced products to maximize revenue. This is expected to provide impetus to market growth.

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 North America recovered carbon black market is expected to grow at a good CAGR during the forecast period.

North America Recovered Carbon Black Market Revenue and Forecast to 2028 (US$ Million)

North America Recovered Carbon Black Market Revenue and Forecast to 2028 (US$ Million)

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North America Recovered Carbon Black Market Segmentation

North America Recovered Carbon Black Market – By Application

  • Tire
  • Non-Tire Rubber
  • Plastics
  • Others

North America Recovered Carbon Black Market- By Country

  • US
  • Canada
  • Mexico

North America Recovered Carbon Black Market-Companies Mentioned

  • Bolder Industries
  • Delta Energy LLC
  • ENRESTEC
  • Klean Carbon
  • Pyrolyx AG
  • SR2O Holdings, LLC

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

4. North America Recovered Carbon Black Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of Substitutes

4.2.4 Threat of New Entrants

4.2.5 Intensity of Competitive Rivalry

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Recovered Carbon Black Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Ecological Benefits of Recovered Carbon Black

5.1.2 Broadening Application Range of Recovered Carbon Black

5.2 Market Restraints

5.2.1 Limited Availability of Recovery Infrastructure and Increasing Production of Crude Oil

5.3 Market Opportunities

5.3.1 Increase in Need for Green Alternatives with Shift Towards Sustainability

5.4 Future Trends

5.4.1 Focus on Waste Tire Management

5.5 Impact Analysis

6. Recovered Carbon Black – North America Market Analysis

6.1 North America Recovered Carbon Black Market Overview

6.2 North America Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)

7. North America Recovered Carbon Black Market Analysis – By Application

7.1 Overview

7.2 North America Recovered Carbon Black Market Breakdown, by Application, 2020 & 2028

7.3 Tire

7.3.1 Overview

7.3.2 Tire: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Non-Tire Rubber

7.4.1 Overview

7.4.2 Non-Tire Rubber: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Plastics

7.5.1 Overview

7.5.2 Plastics: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)

8. North America Recovered Carbon Black Market – Country Analysis

8.1 Overview

8.1.1 North America: Recovered Carbon Black Market, by Key Country

8.1.1.1 US: Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)

8.1.1.1.1 US: Recovered Carbon Black Market, by Application

8.1.1.2 Canada: Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)

8.1.1.2.1 Canada: Recovered Carbon Black Market, by Application

8.1.1.3 Mexico: Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)

8.1.1.3.1 Mexico: Recovered Carbon Black Market, by Application

9. Impact of COVID-19 on North America Recovered Carbon Black Market

9.1 Overview

10. Company Profiles

10.1 Bolder Industries

10.1.1 Key Facts

10.1.2 Business Description

10.1.3 Products and Services

10.1.4 Financial Overview

10.1.5 SWOT Analysis

10.1.6 Key Developments

10.2 ENRESTEC

10.2.1 Key Facts

10.2.2 Business Description

10.2.3 Products and Services

10.2.4 Financial Overview

10.2.5 SWOT Analysis

10.2.6 Key Developments

10.3 Klean Carbon

10.3.1 Key Facts

10.3.2 Business Description

10.3.3 Products and Services

10.3.4 Financial Overview

10.3.5 SWOT Analysis

10.3.6 Key Developments

10.4 SR2O Holdings, LLC

10.4.1 Key Facts

10.4.2 Business Description

10.4.3 Products and Services

10.4.4 Financial Overview

10.4.5 SWOT Analysis

10.4.6 Key Developments

10.5 Delta Energy LLC

10.5.1 Key Facts

10.5.2 Business Description

10.5.3 Products and Services

10.5.4 Financial Overview

10.5.5 SWOT Analysis

10.5.6 Key Developments

10.6 Pyrolyx AG

10.6.1 Key Facts

10.6.2 Business Description

10.6.3 Products and Services

10.6.4 Financial Overview

10.6.5 SWOT Analysis

10.6.6 Key Developments

11. Appendix

11.1 About The Insight Partners

11.2 Glossary of Terms

LIST OF TABLES

Table 1. North America Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. US Recovered Carbon Black Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 3. Canada Recovered Carbon Black Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. Mexico Recovered Carbon Black Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 5. Glossary of Terms, North America Recovered Carbon Black Market

LIST OF FIGURES

Figure 1. North America Recovered Carbon Black Market Segmentation

Figure 2. North America Recovered Carbon Black Market Segmentation – By Country

Figure 3. North America Recovered Carbon Black Market Overview

Figure 4. Tire Segment Held Largest Share of North America Recovered Carbon Black Market

Figure 5. US Held Largest Share of North America Recovered Carbon Black Market

Figure 6. North America Recovered Carbon Black Market, Industry Landscape

Figure 7. Porter ‘s Five Forces Analysis for Recovered Carbon Black Market

Figure 8. Recovered Carbon Black Market– Ecosystem Analysis

Figure 9. Expert Opinion

Figure 10. North America Recovered Carbon Black Market Impact Analysis of Drivers and Restraints

Figure 11. North America : Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. North America Recovered Carbon Black Market Breakdown, by Application, 2020 & 2028

Figure 13. North America Tire: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. North America Non-Tire Rubber: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. North America Plastics: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. North America Others: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. North America: Recovered Carbon Black Market, by Key Country – Revenue 2020 (US$ Million)

Figure 18. North America: Recovered Carbon Black Market Revenue Share, by Key Country (2020 & 2028)

Figure 19. US: Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)

Figure 20. Canada: Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)

Figure 21. Mexico: Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)

Figure 22. Impact of COVID-19 Pandemic in North America

  1. Bolder Industries
  2. Delta Energy LLC
  3. ENRESTEC
  4. Klean Carbon
  5. Pyrolyx AG
  6. SR2O Holdings, LLC
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Recovered Carbon Black market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America Recovered Carbon Black market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Recovered Carbon Black market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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