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The scrap tyre recycling machine equipment market will grow rapidly

With the development of the green tire industry and technology, the global recycled carbon black (rCB) market will enter a period of rapid growth. According to a research report recently released by relevant institutions, the global rCB market size is estimated at USD 55 million in 2018, and is expected to reach USD 491 million by 2023, with a compound annual growth rate of 55.0% from 2018 to 2023.　

RCB is a material derived from waste tires by high-temperature pyrolysis, and usually contains 10%-20% (mass) of non-carbon components. rCB can be used in various applications such as tires, non-tire rubber products, plastics, coatings, and inks. As an environmentally friendly and sustainable reinforcing filler, rCB is widely used in tires and non-tire rubber products. . Due to the large number of waste tires worldwide each year, and the relatively low fixed cost of producing this type of carbon black, this is also an important reason for the rapid growth of the rCB market.

The research report predicts that the tire application market will have the highest growth rate in the past five years. As the global automotive industry continues to grow, and the industry’s demand for environmentally friendly and sustainable products continues to increase, the demand for green tires will increase substantially. This will promote the growth of rCB in green tires for automobiles.

The compound annual growth rate of rCB for non-tire rubber is in the second place. rCB is used as a reinforcing agent in several non-tire rubber products. These non-tire products include conveyor belts, rubber hoses, gaskets, seals, rubber sheets, impermeable membranes for civil engineering and rubber roofing materials. It is also used in footwear materials to give rubber soles abrasion resistance. rCB improves the strength of rubber machinery products. The growth of rCB in such applications is related to the growing demand for environmentally friendly products in the rubber industry and the market.

North America is the largest application market for rCB, of which the United States is the largest market in North America and Europe is the second-largest market in the world. The growing demand for environmentally friendly products in applications such as tires, non-tire rubber, plastics, and coatings has boosted the growth of the rCB market in these countries.

The utilization of waste tire recycling equipment and sustainable development issues have attracted wide attention from governments and private individuals in various countries, including reducing carbon black emissions in carbon black production, reducing carbon black production costs, reducing market instability, and enriching and improving Factors such as the pedigree of carbon black varieties have provided more opportunities for the healthy growth of the rCB market.

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