Opportunities for the global recovered carbon black market are expected to grow at a CAGR of 16% by 2024

According to a new market report published by Lucintel, the future of the global recovered carbon black market looks promising with opportunities in the transportation, industrial, building & construction, and packaging industries. The global recovered carbon black market is expected to grow at a CAGR of 16% from 2019 to 2024. The major drivers for this market are increasing use of recovered carbon black in the tire industry and growing environmental concern towards low carbon footprints.

In this market, recovered carbon black is used as reinforcing fillers and performance additives in tire, non–tire rubber, and other applications. Lucintel forecasts that tires will remain the largest application over the forecast period supported by the increasing adoption of recovered carbon black by major tire companies for environment sustainability and for lowering manufacturing cost.

Within the global recovered carbon black market, transportation will remain the largest end use industry during the forecast period supported by increasing demand for tire and mechanical rubber goods.

Asia Pacific will remain the largest region by value and volume and  it is also expected to witnesses the highest growth over the forecast period due to higher vehicle production and strong domestic & exports demand for tires. 

An emerging trend that has a direct impact on the dynamics of the industry includes increasing waste tire management. Pyrolyx, Scandinavian Enviro Services, Black Bear Carbon, Delta-Energy, Integrated Resource Recovery, and Klean Carbon are among the major recovered carbon black manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global recovered carbon black market by application, end use, grade, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Recovered Carbon Black Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global recovered carbon black by application, end use, grade, and region as follows:

By Application [Volume (Kilotons) and $M shipment analysis for 2013 – 2024]:

·           Tire

·           Non-Tire Rubber

·           Others

By End Use Industry [Volume (Kilotons) and $M shipment analysis for 2013 – 2024]:

·         Transportation

·         Industrial

·         Building and Construction

·         Printing and Packaging

·         Others

                                                                                                                    

By Grade [Volume (Kilotons) and $M shipment analysis for 2013 – 2024]:

·           Commodity

·           Specialty

                                                                                                    

By Region [Volume (Kilotons) and $M shipment analysis for 2013 – 2024]:

·         North America

·         Europe

·         Asia Pacific

·         The Rest of the World                                                                                        

This 187-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis. 

                                                                                                                                      

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for the global recovered carbon black market by application (tire, non-tire rubber, and others), by end use industry (transportation, industrial, building and construction, printing and packaging, and others), by grade (commodity and specialty) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q. 2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?

Q.11 What M&A activity has occurred in the last 5 years?