Global Reclaimed Rubber Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
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8596
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May 2023
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This report was compiled by Shreyas Rokade Shreyas Rokade is a seasoned Research Analyst with CMFE, bringing extensive expertise in market research and consulting, with a strong background in Chemical Engineering. Correspondence Team Lead-CMFE Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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The Reclaimed Rubber Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global reclaimed rubber market report has been segmented on the basis of product type, application, and region.
Reclaimed Rubber Market Overview:
“The Reclaimed Rubber Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Reclaimed rubber is recycled rubber obtained through various thermochemical processes. The process softens and swells the rubber by shortening the polymer chain. It is used in various applications such as aircraft, automobiles, footwear, belts, hoses, and retreading.
Reclaimed Rubber Market Dynamics:
The increasing inclination of manufacturers towards rubber recycling owing to rising natural rubber prices is a major factor expected to drive revenue growth of the reclaimed rubber market over the forecast period.
Moreover, rising demand for rubber in automotive, footwear and other molded goods is expected to support revenue growth of the target market.
However, the introduction of products manufactured from innovative elastomer-based is expected to restrain the revenue growth of the target market over the forecast period.
Reclaimed Rubber Market Product Type Insights:
On the basis of product type, the ethylene propylene diene monomer segment is expected to grow at a higher growth rate in terms of revenue over the forecast period.
Rising demand for ethylene propylene diene monomer in the automotive and aircraft tires sector as a replacement for conventional virgin rubber tires is expected to drive revenue growth in this segment over the forecast period.
Reclaimed Rubber Market Application Insights:
On the basis of application, the automotive and aircraft tires segment is expected to account major revenue share in the target market and expected to grow at a steady rate over the forecast period.
Increasing prices of natural rubber boosted coupled with rising demand for automobile tires in developing countries is expected to drive revenue growth in this segment.
Reclaimed Rubber Market Regional Insights:
Asia Pacific market is expected to account major revenue share in the global reclaimed rubber market. The growing automotive industry in countries such as China, India, Indonesia, and Thailand in the region is expected to drive revenue growth of the Asia Pacific reclaimed rubber market over the forecast period.
Moreover, the presence of a large number of reclaimed rubber manufacturers in the region is expected to drive revenue growth of the reclaimed rubber market in the Asia Pacific.
The Asia Pacific accounts for the major revenue share of the global reclaimed rubber market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. The reclaimed rubber market in North America is expected to grow at a moderate rate in terms of revenue over the forecast period.
Rising industrial activities in the region are expected to boost demand for non-tire rubber products such as mats and flooring, belts, etc., which is a major factor expected to drive revenue growth of the target market in North America.
Market Segmentation and Key Players Operating in the Global Reclaimed Rubber Market:
By Product Type:
- Whole Tire Reclaim
- Butyl Reclaim
- Ethylene Propylene Diene Monomer
- Drab & Colored
- Others
By Application:
- Automotive & Aircraft Tires
- Retreading
- Footwear
- Molded Rubber Goods
- Belts & Hoses
- Others (Roofing, Matting, Adhesives, etc.)
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Gujarat Reclaim & Rubber Product Ltd.
- Rolex Reclaim Pvt. Ltd.
- Allcock & Sons Ltd.
- Huxar Reclamation
- Titan Tire Reclamation Corporation
- Accella Corporation
- Michelin Corporation
- GENAN HOLDING A/S
- Balaji Rubber Industries (P) Ltd.
- Minar Reclamation Pvt. Ltd.
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