South 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
South America includes countries, such as Brazil, Argentina, and others. South America is another region contributing to the growth of recovered carbon black. There is a growing concern about environmental protection and tire waste disposal in several countries in this region. As a result, many tire manufacturers are collaborating with recovered carbon black producers or investing in the carbon black recovery processes. Michelin has launched its first tire recycling plant in Chile in collaboration with Enviro, a Swedish company that has developed a patented technology to recover carbon black, oil, steel, and gas from ELTs. This plant would be able to recycle 30,000 tons of earthmover tires a year. Such developments are likely to support the circular economy approach. However, more investments and collaborations from the private and public sectors are needed for the continuation of this approach, and resultant development of recovered carbon black market in South America. Ecological advantages of recovered carbon black is the major factor driving the growth of the SAM recovered carbon black market.
Brazil has been ranked to be third-most affected economy due to COVID-19 pandemic globally. In terms of South America, Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and combat the spread of COVID-19 virus through lockdowns, trade bans, and travel restrictions. This may have a direct impact upon the growth of recovered carbon black market.
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Market Overview and Dynamics
The recovered carbon black market in SAM is expected to grow from US$ 161.51 million in 2021 to US$ 305.75 million by 2028; it is estimated to grow at a CAGR of 9.5% from 2021 to 2028. The green economy is another vision of growth and development for many countries; it can promote economic development and improve people's lives while promoting environmental and social well-being. An important part of the green economy strategy is to promote the development and adoption of sustainable technologies. The importance of sustainability is not just based on an ecological perspective, but economic aspects also contribute to it. Recovered carbon black is emerging as an alternative to virgin carbon black that is produced from the combustion of crude oil. The carbon black recovered from recycled tires contributes to a significant decrease in CO2 emissions and emphasizes the concept of reusing products to minimize waste generation. Companies are heading towards the adoption of an eco-friendly and sustainable production approach by investing in better R&D activities to optimize resource consumption. For instance, Michelin, well-known France-based tire manufacturer, has acquired a significant stake in Enviro, a Swedish tire pyrolysis company, and is planning to build its first tire pyrolysis plant in South America through this collaboration. Therefore, such shift towards sustainability, along with rise in need for green alternatives, is emerging as a lucrative opportunity for the recovered carbon black market players.
Key Market Segments
Based on application, SAM 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 SAM 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 SAM 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 SAM recovered carbon black market
- Efficiently plan M&A and partnership deals in SAM 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 SAM recovered carbon black market
- Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.
SAM Recovered Carbon Black Market Segmentation
SAM Recovered Carbon Black Market –By Application
- Tire
- Non-Tire Rubber
- Plastics
- Others
SAM Recovered Carbon Black Market -By Country
- Brazil
- Argentina
- Rest of SAM
SAM Recovered Carbon Black Market -Company Profiles
- Bolder Industries
- ENRESTEC
- 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. SAM 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. SAM Recovered Carbon Black Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Ecological Advantages of Recovered Carbon Black
5.1.2 Expanding 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 Escalating Need for Green Alternatives with Shift Towards Sustainability
5.4 Future Trends
5.4.1 Emphasis on Waste Tire Management
5.5 Impact Analysis
6. Recovered Carbon Black – SAM Market Analysis
6.1 SAM Recovered Carbon Black Market Overview
6.2 SAM Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)
7. SAM Recovered Carbon Black Market Analysis – By Application
7.1 Overview
7.2 SAM 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. SAM Recovered Carbon Black Market – Country Analysis
8.1 Overview
8.1.1 South America: Recovered Carbon Black Market, by Key Country
8.1.1.1 Brazil: Recovered Carbon Black Market –Revenue and Forecast to 2028 (USD Million)
8.1.1.1.1 Brazil: Recovered Carbon Black Market, by Application
8.1.1.2 Argentina: Recovered Carbon Black Market –Revenue and Forecast to 2028 (USD Million)
8.1.1.2.1 Argentina: Recovered Carbon Black Market, by Application
8.1.1.3 Rest of South America: Recovered Carbon Black Market –Revenue and Forecast to 2028 (USD Million)
8.1.1.3.1 Rest of South America: Recovered Carbon Black Market, by Application
9. Impact of COVID-19 on SAM 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 SR2O Holdings, LLC
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 Pyrolyx AG
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
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. SAM Recovered Carbon Black Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Recovered Carbon Black Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 3. Argentina Recovered Carbon Black Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Rest of South America Recovered Carbon Black Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 5. Glossary of Terms,SAM Recovered Carbon Black Market
LIST OF FIGURES
Figure 1. SAM Recovered Carbon Black Market Segmentation
Figure 2. SAM Recovered Carbon Black Market Segmentation – By Country
Figure 3. SAM Recovered Carbon Black Market Overview
Figure 4. Tire Segment Held Largest Share of SAM Recovered Carbon Black Market
Figure 5. Brazil Held Largest Share of SAM Recovered Carbon Black Market
Figure 6. SAM 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. SAM Recovered Carbon Black Market Impact Analysis of Drivers and Restraints
Figure 11. SAM: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. SAM Recovered Carbon Black Market Breakdown, by Application, 2020 & 2028
Figure 13. SAM Tire: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Non-Tire Rubber: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. SAM Plastics: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. SAM Others: Recovered Carbon Black Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. South America: Recovered Carbon Black Market by Key Country-Revenue 2020 (US$ Million)
Figure 18. South America: Recovered Carbon Black Market Revenue Share, by Key Country (2020 & 2028)
Figure 19. Brazil: Recovered Carbon Black Market –Revenue and Forecast to 2028 (USD Million)
Figure 20. Argentina: Recovered Carbon Black Market –Revenue and Forecast to 2028 (USD Million)
Figure 21. Rest of South America: Recovered Carbon Black Market –Revenue and Forecast to 2028 (USD Million)
Figure 22. Impact of COVID-19 Pandemic in South America
- Bolder Industries
- ENRESTEC
- Pyrolyx AG
- SR2O Holdings, LLC
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