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.
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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· 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
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:
· Non-Tire Rubber
· North America
· South America
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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