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?
