Recovered Carbon Black Market Size, Share & Industry Analysis, By Application (Tire, Non-Tire Rubber, Plastics, Inks, and Others), and Regional Forecast, 2024-2032

The global recovered carbon black market size was valued at USD 118.7 million in 2023 and is projected to grow from USD 161.1 million in 2024 to USD 1,910.4 million in 2032 at a CAGR of 36.2% during the forecast period. North America dominated the recovered carbon black market with a market share of 36.22% in 2023.

Recovered Carbon Black (rCB) is a sustainable alternative to traditional carbon black. It is made from recycled rubber and plastics and has a lower environmental impact than virgin carbon black. The product can be used in various products, such as tires, plastics, and coatings. It has similar properties to traditional carbon black, including high durability and conductivity, and can be produced at a lower cost. Additionally, using rCB helps to reduce waste and promote a circular economy.

The market has been experiencing significant growth in the tire industry. This is mainly due to the increasing demand for eco-friendly products and the need to reduce carbon emissions. The market is expected to grow as more companies adopt sustainable practices and consumers become more environmentally conscious.

The COVID-19 pandemic affected the economy on the global level which took into account production and supply of recovered carbon black. Manufacturing facilities of the product were forced to shutdown for some time owing to decrease in the production rates. In addition, closure of manufacturing facilities of various industries led to a shortage of their respective products leading to shortage of rCB as well. These times have affected numerous sectors causing a dip in the availability of the product.

GLOBAL RECOVERED CARBON BLACK MARKET OVERVIEW

Market Size & Forecast:

• 2023 Market Size: USD 118.7 million
• 2024 Market Size: USD 161.1 million
• 2032 Forecast Market Size: USD 1,910.4 million
• CAGR: 36.2% from 2024–2032

Market Share:

• North America dominated the recovered carbon black market in 2023 with a 36.22% share, valued at USD 42.99 million, up from USD 31.91 million in 2022. The region benefits from robust infrastructure, key manufacturers, and increasing awareness of sustainable alternatives to virgin carbon black.
• By application, the tire segment accounted for the largest share due to rising demand from the automotive sector and the push for eco-friendly raw materials.
• The non-tire rubber segment (including conveyor belts, hoses, and rubber sheets) held a 17.5% share in 2023 and is projected to grow steadily with increased adoption across industrial applications.

Key Country Highlights:

• United States: Leading the North American market with strong infrastructure and growing awareness. In 2023, the non-tire rubber segment held an estimated 18.3% share in the U.S. market.
• Germany: Growing demand for sustainable automotive materials and strict emission norms are fostering rCB use in tires and coatings.
• India & China: Asia Pacific shows the fastest growth in rCB consumption, fueled by rising environmental awareness and the growing need to manage end-of-life tires sustainably.
• Brazil: The recovered carbon black market in Latin America is expanding, with increasing demand from the automotive sector and favorable characteristics such as high durability and strength.
• UAE & South Africa: These emerging economies are slowly incorporating rCB in tire retreading and rubber applications as part of sustainability initiatives and waste management reforms.

Recovered Carbon Black Market Trends

Growing Trend Towards Sustainable and Eco-Friendly Products Encourage Market Growth

The market has grown steadily in recent years, driven by increasing demand for sustainable and eco-friendly products. Recovered carbon black is produced by recycling end-of-life tires and other rubber products, diverting them from landfills, and reducing carbon emissions. The market is expected to grow as more companies seek to reduce their carbon footprint and meet sustainability goals. Additionally, advancements in processing technology and increasing investment in research and development are expected to drive market growth. North America witnessed a recovered carbon black market growth from USD 31.91 million in 2022 to USD 42.99 million in 2023.

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Recovered Carbon Black Market Growth Factors

Abundant Availability of End-of-Life Tires (ELTs) and Increasing Demand for Recycling ELTs to Drive the Progression of Market

The abundant availability of End-of-Life tires (ELTs) as a raw material for rCB production is a key factor driving the market. This has enabled manufacturers to produce recycled products in large quantities, leading to increased supply and lower costs.

Similarly, The demand for the recycling of end-of-life tires has been on the rise, which has led to the recovered carbon black market growth. This trend is driven by the increasing focus on sustainable practices and the need to reduce carbon emissions. The recycled product is an eco-friendly, cost-effective alternative to virgin carbon black derived from fossil fuels. This has made it a popular choice among the tire manufacturing, plastics, and coatings industries. As the world continues to prioritize sustainability, the market is expected to experience further growth in the coming years. Additionally, the product demand has steadily increased due to its versatile applications in various industries. These factors have contributed to the increased market share in recent years.

RESTRAINING FACTORS

Lack of Infrastructure is Restraining the Market Growth

The lack of infrastructure to support the production and usage of products is a major industry challenge. This refers to the insufficient facilities and systems required to produce, transport, and store rCB and the inadequate knowledge and skills of personnel handling the material. Without proper infrastructure, the industry cannot meet the demands of its customers. This is causing difficulty in scaling up production to meet the growing demand, which in turn is limiting the market growth.

Recovered Carbon Black Market Segmentation Analysis

By Application Analysis

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Increasing Demand from the Automotive Industry Propels the Leading Position of the Tire Segment

Based on application, the market is fragmented into tire, non-tire rubber, plastics, inks, and others.

Amongst these segments, the tire segment accounts for the major share of the market. Growing consumption from the automotive industry is one of the key factors for market growth during the forecast period. Also, as more companies become aware of the benefits of using sustainable products, the demand for recovered carbon black is expected to increase, and the tire segment is poised to be a major contributor to this growth.

Similarly, the non-tire rubber segment is expected to grow positively during the forecast period. This segment includes a wide range of products such as conveyor belts, hoses, rubber sheets, and more. With increasing demand for sustainable and eco-friendly products, the use of recovered carbon black in the non-tire rubber segment is expected to grow significantly. The non-tire rubber segment is expected to hold a 17.5% share in 2023.

REGIONAL INSIGHTS

Geographically, the market is studied across North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

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North America

North America accounted for the dominant recovered carbon black market share in 2023. The market in the region is expected to grow significantly due to the growing demand for sustainable products. The U.S. is the leading contributor in the regional market taking up a considerable share of the overall regional share. The key companies that manufacture the products are located in North America. The region has a well-established infrastructure for producing and distributing products, which has increased demand in the market. Furthermore, the growing awareness about the benefits of using recovered carbon black over virgin carbon black has also contributed to the market growth in North America.

• In the U.S., the non-tire rubber segment is estimated to hold an 18.3% market share in 2023.

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Europe

The market in Europe is also experiencing a growth in demand for the product. Strict rules and regulations associated with carbon emissions in the region leads to the demand for sustainable materials, boosting the demand for recovered carbon black. The presence of well-established automotive and aerospace industries and consumers for recycled products is also propelling the demand for the product. Manufacturers are also focusing on the development of new products and solutions for their customers, which are cost-effective in nature. The market in the region also grows in the back of increasing demand and innovation.

Asia Pacific

Asia Pacific has the highest growth rate in the market. This is a positive sign for the industry, indicating a growing demand for sustainable and eco-friendly solutions. With the increasing awareness of environmental issues, the market for recovered carbon black is expected to grow.

Middle East & Africa and Latin America

The market is also witnessing positive growth in the Middle East & Africa and Latin America. In Latin America, the growing demand for product is propelled by the growth in the use of these materials in the automotive industry. The advantages of the product such as high durability and strength puts them in the position of being a perfect choice for various applications.

List of Key Companies in Recovered Carbon Black Market

Key Players are Blending Organic and Inorganic Growth Strategies to Maintain Their Dominance

The competitive landscape of the market depicts a consolidated and competitive market. Global players in the market have heavily invested in developing better technologies to improve product output. Superior operational efficiency and novel technology development are the strategies used by market leaders for their growth. Additionally, market players focus on acquisition and expansion activities to increase their market share.

LIST OF KEY COMPANIES PROFILED:

• Delta Energy LLC (U.S.)
• Black Bear Carbon B.V. (Netherlands)
• Scandinavian Enviro Systems AB (Sweden)
• Klean Industries Inc. (U.S.)
• Radhe Group of Energy (India)
• Bolder Industries (U.S.)
• Enrestec (Taiwan)
• SR2O Holdings, LLC (U.S.)
• Contec (Poland)
• Hosokawa Micron B.V. (Netherlands)

KEY INDUSTRY DEVELOPMENTS:

• February 2024 – Michelin has partnered with Antin and Enviro to construct the first end-of-life tire-recycling plant. The partnership is based on supplying end-of-life-cycle tires and recovered carbon black and pyrolysis oil.
• February 2023 – Klean Industries Inc. is expanding its strategic partnership with Niersberger Group. The partnership involves executing tire pyrolysis projects to recover carbon black & renewable fuels.
• August 2021 – Black Bear Carbon B.V. and HELM AG entered a partnership for a long-term supply chain and marketing cooperation regarding recovered carbon black. The Black Bear is projected to produce recovered Carbon Black from used tires, and they will use HELMs supply chain through its broad market presence.

REPORT COVERAGE

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The market report provides a detailed market analysis and focuses on key aspects such as leading companies and applications. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over recent years.

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