markets

End of life tyres generated each year

market growth

• The recovered carbon black market is projected to reach USD 491 million by 2027, representing close to a 900% increase compared to 2018.
• The growth in the market is attributed to the increasing demand for recovered carbon black in tyres, non-tyre rubber, plastics, coatings, and ink applications.
• North America is the largest market for recovered carbon black.

Global recovered carbon black
market share, by region – 2019

North America held the largest market share of 38.0% in 2019. High level scrutiny of the manufacturing sector by local government bodies in the region is driving the market. In addition, manufacturers in the region are increasing the adoption of waste management programmes for recycling and reuse of waste products, propelling market growth in the region.

Europe is the second largest consumer of recovered carbon black, after North America. High demand from the tyre industry is expected to drive market demand in Europe. Recovery of the automotive industry in Austria, France, Romania and Russia are anticipated to boost market growth over the forecast period. The automotive production in these countries grew at a rate of 69.7%, 2%, 31.1% and 13.9% respectively, from 2017 to 2018, as per the data published by OICA. High-performance coatings and tyre production are thus projected to lead the product demand in Europe, with an overall CAGR of 31.8% from 2020 to 2027.

Asia Pacific was the third largest market for recovered carbon black, with a share of 26.7% in 2019, after Europe and North America. The penetration in the region is low compared to developed regions, due to the lack of technological advancements in the production of recovered carbon black. Market growth is projected to be a result of high industrial growth, due to the monetary framework that encourages private investments in manufacturing sector, with favourable government policies.

Environmental sustainability requirements oblige major brands to use recovered products in the manufacture of their products. This is unequivocal, for example, in the rubber industry, and above all, at the level of the most reputable tyre manufacturers, as illustrated by the guidelines of the world’s main manufacturers:

biofuel supply and
demand forecast 

In accordance with the requirements imposed by the European Directive Renewable Energy Directive (2009/28 / EC), refineries are obliged to incorporate biofuels in the manufacture of their own fuels. This obligation is already applicable in 2020, where it aims to incorporate 10% of biofuels in the production of diesel and gasoline.

global biodiesel outlook