The global reclaimed rubber market size is estimated to reach USD 6.53 billion by 2026 growing at a CAGR of 12.03% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Reclaimed Rubber Market, [By Product (WTR, Butyl Reclaim, EPDM, Drab & Colored), By Application (Automotive & Aircraft Tires, Cycle Tires, Retreading, Belts & Hoses, Footwear, Molded Rubber Goods), By Regions, Segments & Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, WTR segment dominated the market, in terms of revenue. In 2018, North America accounted for the majority share in the global market.
The global reclaimed rubber market is primarily driven by the expanding automotive & aerospace industries. Rising natural rubber prices have also forced automobile manufacturers to shift towards products with lower processing costs and recyclable products or rubber blends. The industry is extensively driven by the demand of reclaimed rubber in tire industry
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Whole Tire Reclaim (WTR) is anticipated to be the fastest growing type of reclaimed rubber. This is due to lower processing costs coupled with reduced environmental impacts and properties such as high durability and versatility. However, their growth is also expected to be constrained by the emergence of new elastomer-based products. Reclaimed rubber types such as EPDM have increasing replaced traditional natural rubber in consumer moulded goods and automobile tires.
Asia Pacific is the largest regional market for the reclaimed rubber industry. The growth in the region is primarily due to the rapidly growing industrial manufacturing activities of the developing nations such as China, India, and the Southeast Asian countries. In addition to this, developed countries are likely to witness growth at below-average rates in comparison to the other regions across the globe. Europe and North America are also expected to witness considerable growth during the forecast period due to utilization of reclaimed rubber in large and rapidly growing automotive industry.
The global reclaimed rubber market is highly competitive and moderately fragmented. It is also characterized by numerous small-scale industrial producers. Some of the key reclaimed rubber market players include Rolex Reclaim Pvt. Ltd., J. Allcock & Sons, Sun Exims (India) Pvt. Ltd., Star Polymers, GRP (Gujarat Reclaim & Rubber Product Ltd.), Genan, Huxar Reclamation, Titan International Ltd., Swani Rubber Industries, and Balaji Rubber Reclaim.
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Polaris Market Research has segmented the global reclaimed rubber market on the basis of Product, Application and Region:
Reclaimed Rubber Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)
- WTR
- Butyl Reclaim
- EPDM
- Drab & Coloured
- Others
Reclaimed Rubber Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)
- Automotive & Aircraft Tires
- Cycle Tires
- Retreading
- Belts & Hoses
- Footwear
- Molded Rubber Goods
- Others
Reclaimed Rubber Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Hungary, Croatia, Austria)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. Australia)
- Central & South America (Brazil, Mexico, Argentina)
- MEA (Saudi Arabia, UAE, Israel, South Africa)