South America Recovered Carbon Black Market Key Players and Forecast by 2028
South America Recovered Carbon Black Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Tire, Non-Tire Rubber, Plastics, and Others)
- Status : Published
- Report Code : TIPRE00025709
- Category : Chemicals and Materials
- No. of Pages : 64
- Available Report Formats :
- Last update date : November 10, 2021
2021 Market Size
US$ 161.51 Mn
Base year value
2028 Forecast
US$ 305.75 Mn
Projected by 2028
CAGR 2022-2028
9.5 %
Growth rate
Addressable Market
US$ 1,652.28 Mn
(2022-2028)
The recovered carbon black market in SAM is expected to grow from US$ 161.51 million in 2021 to US$ 305.75 million by 2028; it is estimated to grow at a CAGR of 9.5% from 2021 to 2028.
Brazil and Argentina are economies in MEA. 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. Thus, the cost and environmental advantages associated with recovered carbon black are propelling the market growth.Brazil has been ranked to be third-most affected economy due to COVID-19 pandemic globally. In terms of South America, Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and combat the spread of COVID-19 virus through lockdowns, trade bans, and travel restrictions. This may have a direct impact upon the growth of recovered carbon black 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 SAM recovered carbon black market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SAM Recovered Carbon Black Market Segmentation
SAM Recovered Carbon Black Market – By Application
- Tire
- Non-Tire Rubber
- Plastics
- Others
SAM Recovered Carbon Black Market- By Country
- Brazil
- Argentina
- Rest of SAM
SAM Recovered Carbon Black Market-Companies Mentioned
- Bolder Industries
- ENRESTEC
- Pyrolyx AG
- SR2O Holdings, LLC
South America Recovered Carbon Black Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 161.51 Million |
| Market Size by 2028 | US$ 305.75 Million |
| CAGR (2021 - 2028) | 9.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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