North America Recovered Carbon Black Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Tire, Non-Tire Rubber, Plastics, and Others)
Market Introduction
The US, Canada, and Mexico are among the major economies in North America. The generation of a huge number of waste tires annually and increasing demand for green products and rubber products are among the factors boosting the recovered carbon black market in the region. North America is one of the top producers of end-of-life tires. More than 50 million tires are manufactured in the region every year. Recovered carbon black is sustainably extracted from end-of-life tires. The US is a major market for recovered carbon black in North America. Tires are one of the most important products recycled in the US. Thus, the rising requirement of tires from the automotive industry fuels the recovered carbon black market growth in North America. The key recovered carbon black market players operating in the region focus on offering high-quality and cost-effective products. Bridgestone Americas, Inc. partnered with Delta-Energy LLC for the use of recovered carbon black to the tire market. Delta-Energy LLC has expertise in green technology that recovers carbon black. Pyrolyx, a recovered carbon black manufacturer, has entered into a five-year agreement with Continental AG for the supply of recycled carbon black. These key developments support the sustainable development initiatives and the recovered carbon black market growth in the region. Ecological benefits of recovered carbon black is the major factor driving the growth of the North America recovered carbon black market.
North America is one of the worst affected economies due to COVID-19 pandemic. The US has the highest number of confirmed cases of COVID-19, compared to Canada and Mexico. The unprecedented rise in number of COVID-19 cases across the US and Canada and the subsequent lockdown of its numerous manufacturing facilities has negatively influenced the growth of various markets. The significant disruption in manufacturing facilities along with raw material sourcing have had a negative impact upon the demand for recovered carbon black in the country. However, the market is reviving on account of significant measures undertaken by the governments such as vaccination drives. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced products to maximize revenue. This is expected to provide impetus to market growth.
Get more information on this report :
Market Overview and Dynamics
The recovered carbon black market in North America is expected to grow from US$ 884.67 million in 2021 to US$ 1,863.38 million by 2028; it is estimated to grow at a CAGR of 11.2% from 2021 to 2028. Waste tires are becoming a major environmental, economic, and technical challenge due to their high content of combustible components and potential to offer valuable materials as well as energy resources. In recent years, a variety of waste tire management methods have been adopted and applied around the world, including other important alternative methods for end of life tire management defined in 3R: reduction, reuse, and recycling to minimize damage, which is a serious threat to the natural environment and the humans. The European Union collects ~3.4 million tons of used tires every year. The tire industry is the largest consumer of virgin carbon black in the EU as it consumes ~1.8 million tons of the same annually, accounting for ~73% of total demand. The production of 1 ton of carbon black requires 1.5–2.0 tons of oil and releases ~2.5–3 tons of CO2. In addition to petroleum, natural gas, and steel, recycled carbon black is used as a key material in the production of tires, conveyor belts, and rubber parts; it is also being used in the production of paints in some cases. By reusing tires, it is possible to reduce CO2 emissions, thereby aiding in waste tire management. Thus, emphasis on waste tire management is giving rise to several key trends that are bound to impact the recovered carbon black market growth in the coming years.
Key Market Segments
Based on application, North America recovered carbon black market is segmented into tire, non-tire rubber, plastics, and others. The tire segment dominated the market in 2020 and non-tire rubber segment is expected to be the fastest growing during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on recovered carbon black market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bolder Industries; Delta Energy LLC; ENRESTEC; Klean Carbon; Pyrolyx AG; and SR2O Holdings, LLC are among others.
Reasons to buy report
- To understand the North America recovered carbon black market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America recovered carbon black market
- Efficiently plan M&A and partnership deals in North America recovered carbon black market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America recovered carbon black market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Recovered Carbon Black Market Segmentation
North America Recovered Carbon Black Market –By Application
- Tire
- Non-Tire Rubber
- Plastics
- Others
North America Recovered Carbon Black Market -By Country
- US
- Canada
- Mexico
North America Recovered Carbon Black Market -Company Profiles
- Bolder Industries
- Delta Energy LLC
- ENRESTEC
- Klean Carbon
- Pyrolyx AG
- SR2O Holdings, LLC
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
4. North America Recovered Carbon Black Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Recovered Carbon Black Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Ecological Benefits of Recovered Carbon Black
5.1.2 Broadening Application Range of Recovered Carbon Black
5.2 Market Restraints
5.2.1 Limited Availability of Recovery Infrastructure and Increasing Production of Crude Oil
5.3 Market Opportunities
5.3.1 Increase in Need for Green Alternatives with Shift Towards Sustainability
5.4 Future Trends
5.4.1 Focus on Waste Tire Management
5.5 Impact Analysis
6. Recovered Carbon Black – North America Market Analysis
6.1 North America Recovered Carbon Black Market Overview
6.2 North America Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)
7. North America Recovered Carbon Black Market Analysis – By Application
7.1 Overview
7.2 North America Recovered Carbon Black Market Breakdown, by Application, 2020 & 2028
7.3 Tire
7.3.1 Overview
7.3.2 Tire: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Non-Tire Rubber
7.4.1 Overview
7.4.2 Non-Tire Rubber: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Plastics
7.5.1 Overview
7.5.2 Plastics: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Recovered Carbon Black Market – Country Analysis
8.1 Overview
8.1.1 North America: Recovered Carbon Black Market, by Key Country
8.1.1.1 US: Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)
8.1.1.1.1 US: Recovered Carbon Black Market, by Application
8.1.1.2 Canada: Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)
8.1.1.2.1 Canada: Recovered Carbon Black Market, by Application
8.1.1.3 Mexico: Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)
8.1.1.3.1 Mexico: Recovered Carbon Black Market, by Application
9. Impact of COVID-19 on North America Recovered Carbon Black Market
9.1 Overview
10. Company Profiles
10.1 Bolder Industries
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 ENRESTEC
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Klean Carbon
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 SR2O Holdings, LLC
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Delta Energy LLC
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Pyrolyx AG
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US Recovered Carbon Black Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. Canada Recovered Carbon Black Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Mexico Recovered Carbon Black Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Glossary of Terms, North America Recovered Carbon Black Market
LIST OF FIGURES
Figure 1. North America Recovered Carbon Black Market Segmentation
Figure 2. North America Recovered Carbon Black Market Segmentation – By Country
Figure 3. North America Recovered Carbon Black Market Overview
Figure 4. Tire Segment Held Largest Share of North America Recovered Carbon Black Market
Figure 5. US Held Largest Share of North America Recovered Carbon Black Market
Figure 6. North America Recovered Carbon Black Market, Industry Landscape
Figure 7. Porter ‘s Five Forces Analysis for Recovered Carbon Black Market
Figure 8. Recovered Carbon Black Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. North America Recovered Carbon Black Market Impact Analysis of Drivers and Restraints
Figure 11. North America : Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Recovered Carbon Black Market Breakdown, by Application, 2020 & 2028
Figure 13. North America Tire: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Non-Tire Rubber: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Plastics: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Others: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America: Recovered Carbon Black Market, by Key Country – Revenue 2020 (US$ Million)
Figure 18. North America: Recovered Carbon Black Market Revenue Share, by Key Country (2020 & 2028)
Figure 19. US: Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)
Figure 20. Canada: Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)
Figure 21. Mexico: Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)
Figure 22. Impact of COVID-19 Pandemic in North America
- Bolder Industries
- Delta Energy LLC
- ENRESTEC
- Klean Carbon
- Pyrolyx AG
- SR2O Holdings, LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Recovered Carbon Black market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America Recovered Carbon Black market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Recovered Carbon Black market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution