Global Recovered Carbon Black (rCB) Market at A Highest CAGR of 56.45% to rapidly growing $ 1786.73 billion forecast by 2026
Definition:
Recovered carbon black (rCB) is an eco-friendly substance that is
extracted from the tyres that have been disposed for recycling. The tyres are
processed in a number of different methods for recovery of carbon and this
substance goes through a new set of processes thereby resulting in the recovery
of the previous substance.
Analysis of Global Recovered Carbon Black Market report:
Global Recovered Carbon Black (rCB) Market is expected to reach a projected value
of USD 1786.73 million by 2026, rising from its initial estimated value of USD
49.78 million in 2018, registering a CAGR of 56.45% in the forecast period of
2019-2026. This rise in market value can be attributed to the concerns
regarding the environment and increasing lack of areas for landfills globally.
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Market Driver:
·
Low price for development and stable price for
the end-use products produced using (rCB); this factor is expected to act as a
driver for the market growth
Market Restraint:
·
Lack of infrastructure present globally for
delivering and producing the products globally; this factor is expected to act
as a restraint to the market growth
Leading Key players profiled in this report are:
Radhe Group of Energy;
Scandinavian Enviro Systems AB; Klean Industries Inc.; Capital Carbon; Pyrolyx;
Bolder Industries; SR2O Holdings, LLC; Black Bear Carbon B.V. and DVA Renewable
Energy JSC., are few of the major competitors currently present in the market.
Global Recovered Carbon Black Market Segmentation:
By Application
·
Plastics
·
Tire
·
Inks
·
Coatings
·
Non-Tire Rubber
By Geography
·
North America
·
South America
·
Europe
·
Asia-Pacific
Company Share Analysis:
Global recovered carbon black (rCB) market is highly fragmented
and the major players have used various strategies such as new product launches,
expansions, agreements, joint ventures, partnerships, acquisitions, and others
to increase their footprints in this market. The report includes market shares
of recovered carbon black (rCB) market for global, Europe, North America,
Asia-Pacific, South America and Middle East & Africa.
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The Global Recovered Carbon Black
Market report provides the global market size of the main players in each
region. Moreover, the report provides knowledge of the leading markets players
within the Global Recovered Carbon Black Market. The industry changing factors
for the market segments are explored in this report. This analysis report covers the growth
factors of the worldwide market based on end-users. Market opportunities and recommendations
for new investments are also encompassed in this report.
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