Lucintel Forecasts the Global Recovered Carbon Black Market to Reach $632 Billion by 2030
Lucintel Forecasts the Global Recovered Carbon Black Market to Reach $632 Billion by 2030
Blog Article
According to the recent study the global recovered carbon black market is projected to reach an estimated $632 billion by 2030 from $183 billion in 2023 at a CAGR of 19% from 2023 to 2030. Growth in this market is primarily driven by increasing use of recovered carbon black in the tire industry and growing environmental concern towards low carbon footprints.
Browse 112 figures/charts and 93 tables in this 187-page report to understand trends, opportunities and forecast in 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).
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.
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 & export demand for tires.
Pyrolyx, Scandinavian Enviro Services, Black Bear Carbon, Delta-Energy, Integrated Resource Recovery, Klean Carbon are among the major recovered carbon black providers.
This unique 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 write us at helpdesk@lucintel.com.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972 636 5056