Recovered Carbon Black Market: Unveiling Lucrative Opportunities for Sustainable Growth
Market Overview: Recovered carbon black (rCB) is a form of recycled carbon black produced from waste tyres and other rubber products. It is used in the production of various rubber goods and applications such as tires, mechanical rubber goods, and others. Market Dynamics: Two major drivers aiding the growth of recovered carbon black market are rising concerns over environmental pollution and stringent regulations regarding carbon emissions. Growing automotive industry worldwide has substantially increased the volume of discarded tires, which serves as a key source for recovered carbon black production. Various countries have implemented regulations banning the use of certain types of carbon black and enforcing the use of recovered carbon black to reduce carbon footprint. Also, recovered carbon black offers comparable quality and performance to that of virgin carbon black at a lower cost. This is encouraging manufacturers to increase reliance on rCB over conventional c...