Global Reclaimed Rubber Market is expected to grow at significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Reclaimed rubber is referred to as a cured rubber that has passed through a thermos-chemical process of softening and swelling the rubber. It is a substitute of natural rubber and synthetic rubber. These rubbers are obtained from scrap of whole tires and are used for tire rubber products. The regenerated rubber consists of original plasticity, allowing the same to be compounded, processed and re-vulcanized.
Prominent factors that are playing major role in the growth of Reclaimed Rubber Market are, rising awareness of using eco-friendly materials, growing concern among population about the damage caused to environment by dumping used rubber in rivers. Reclaimed Rubber Market is segmented based on product type, application, and region. Reclaimed Rubber Market is classified, by product type into Drab & Colored, Whole Tire Reclaim (WTR), EPDM, Butyl Reclaim, and others.Whole Tire Reclaim (WTR) segment held the largest market share of Reclaimed Rubber Market and is expected to remain dominant in foremost period. On the other hand, Ethylene propylene diene monomer (EPDM) segment is expected to grow at fastest pace in the upcoming years. The reason being, decrease in electricity consumption, enhanced speed extrusion, and high ozone resistance.
Reclaimed Rubber Market is classified, by application into Retreading, Molded Rubber Goods, Automotive & Aircraft Tires, Footwear, Cycle Tires, and Belts & Hoses. The Automotive & Aircraft Tires segment accounted for the largest market share of Reclaimed Rubber Market and is estimated to remain dominant over the forecast period. This is mainly due to, technological developments, and rise in natural rubber prices. Thus, the segment is estimated to grow at highest CAGR in terms of volume in the upcoming years.Whereas, cycle tires segment is expected to grow at fastest pace in future. Also, footwear segment is projected to grow gradually with high consumption in shoe soles, heels and liners. Reclaimed Rubber Market is segmented, geographically into America (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, Asia Pacific regional market accounted for the largest market share of Reclaimed Rubber Market in terms of volume and will lead the overall market in future. Moreover, Asia pacific is estimated to be the fastest growing region in future. This is mainly due to, developing automotive and aerospace industry particularly in emerging countries such as China, Thailand, and India. Moreover, lower labor cost attracts the key manufacturers in this region and the ban on landfills in the European Union has also led to recyclers focusing more on Asia Pacific.On the other hand, North America and European regional market is expected to grow at lucrative pace in future. The key players of Reclaimed Rubber Market are, Michelin, Gujrat Reclaim & Rubber Product Ltd., Swani Rubber Industries, J.Allcock & Sons, Balaji Rubber Reclaim, Rolex Reclaim Pvt. Ltd., Titan International Ltd., Huxar Reclamation, Genan and Star Polymers.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Reclaimed Rubber in these regions, from 2013 to 2025 (forecast), covering
• North America
• Southeast Asia
Global Reclaimed Rubber market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Sun Exims (India) Pvt. Ltd.
• Allcock & Sons
• Rolex Reclaim Pvt. Ltd.
• Huxar Reclamation
• U.S. Rubber
• Yeu Guan Industrial Co., Ltd.
• Star Polymers Inc.
• Monmouth Rubber & Plastics Corp.
• North West Rubber
• Bas Recycling, Inc
• Jinzhou Jinfeng Tyre Group Ltd.
• Tangshan Xing Yu Rubber Industrial Co., Ltd.
• Maxan Corporation Pvt. Ltd.
• Sekisui Jushi Corporation
• Swani Rubber Industries
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Butyl Reclaim
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Automotive & Aircraft Tires
• Belts & Hoses
• Molded Rubber Goods
Research Support Specialist, USA