Reclaimed Rubber Market, By Type (The Whole Tire Reclaim (WTR), Butyl Reclaim, Ethylene Propylene Di

Published Date: | Report Code : MT1952290

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Increasing demand from automotive industries for various applications is expected to drive the market growth of the reclaimed rubber market during the forecast period.  

Reclaimed rubber is a cured rubber obtained through a thermochemical process that softens and swells the rubber. The viscosity of this rubber is lessened by shortening the polymer chain by using a mechanical shear and chemical action.

Segment Analysis: 

On the basis of type, it is segmented into whole tire reclaim (WTR), butyl reclaim, ethylene propylene diene monomer (EPDM), drab &colored, and others. The whole tire reclaim (WTR) is most widely used due to its lower processing costs coupled with reduced environmental impacts and properties such as high durability and versatility. The increasing usage of WTR instead of the traditional natural rubber in consumer molded goods and automobile tires have also positively impacted the growth of this segment. The EPDM has witnessed a significant rise in its growth due to technological progress that has resulted in better product properties and improved sustainability.

By application, it is segmented into tire and non-tire. The tire is further segmented into inner liner, inner tubes, tire sidewalls, tire piles, and tire treads & retreads. The non-tire application is further segmented into conveyor belts, molded goods, adhesives, footwear, matting profiles, and roofing.

The rapidly growing automotive industry is fuelling the reclaimed rubber market. The usage of reclaimed rubber is increasing in the manufacturing of wheels, tires, and belt & hoses with surging demand for automobiles all over the globe. The growing construction industry is also driving the reclaimed rubber market for the flat roof covering due to heat and weather resistance as well as better aesthetic appeal. 

Key Factors Impacting Market Growth:

  • It possesses excellent properties such as resistance to heat, ozone, and high mechanical strength
  • Increasing awareness among the consumers regarding the cost-effectiveness and eco-friendly factor of reclaimed rubber when compared to virgin rubber
  • Growth of the automotive, construction, and footwear industries

Regional Analysis:  

The reclaimed rubber market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for reclaimed rubber market owing to diversified demand from end-use industries and competitive scenario. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for the reclaimed rubber market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions. Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets.

Companies Covered:  GRP (Gujarat Reclaim & Rubber Product Ltd.), J. Allcock & Sons, Rolex Reclaim Pvt. Ltd., Sun Exims Pvt. Ltd., Huxar Reclamation, Star Polymers, Genan, Titan International Ltd., Balaji Rubber Reclaim, Swani Rubber Industries, and Michelin.

Market Segmentation:

By Type:

  • The Whole Tire Reclaim (WTR)
  • Butyl Reclaim
  • Ethylene Propylene Diene Monomer (EPDM)
  • Drab & Colored
  • Others

By Application:

  • Tire
    • Inner Liner
    • Inner Tubes
    • Tire Sidewalls
    • Tire Plies
    • Tire Treads & retreads
  • Non-Tire
    • conveyor belts
    • Molded Goods
    • Adhesives
    • Footwear
    • Matting
    • Profiles
    • Roofing 

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Type
    • By Application
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Type
    • By Application
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global reclaimed rubber market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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