Market Definition: Recovered Carbon Black (rCB) Market
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.
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.
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Major Market Drivers & Restraints are as follows:
- 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
- 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
Key Market Competitors: Recovered Carbon Black (rCB) Market
Few of the major competitors are adhe 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.
The report gives the details about market trends, future prospects, market restraints, leading market drivers, several market segments, key developments, key players in the market, and competitor strategies. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market.
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Market Segmentation: Recovered Carbon Black (rCB) Market
- By Application
- Non-Tire Rubber
- By Geography:
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- North America
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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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