Global Reclaimed Rubber Market was valued at USD 2931.50 million in 2021 and is expected to reach USD 6658.98 million by 2029, registering a CAGR of 10.80% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario. In recent years, the car tyre business has benefited greatly from a shift toward rubber recycling to promote sustainability. The increasing demand for whole tyre reclaim (WTR) is a prominent trend in the global market for reclaimed rubber, and it is expected to contribute considerably to the industry over the forecasted period.
Reclaimed rubber is cured rubber that has been softened and swelled through a thermo-chemical process. The viscosity of the rubber is reduced by mechanical shear and chemical action, which shortens the polymer chain. The whole tyre reclaim (WTR), drab and colored, butyl reclaim, and ethylene propylene diene monomer (EPDM) are some of the different types of reclaimed rubber available on the market.
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Some of the major players operating in the reclaimed rubber market are
- Fishfa Rubbers Ltd (Gujarat)
- GRP LTD (Mumbai)
- Rolex Reclaim Pvt. Ltd (Gujarat)
- Sun Exim (India)
- Swani Rubber Industries (India)
- HUXAR (India)
- Minar Reclamation Pvt. Ltd (India)
- Miracle Rubbers (India)
- Genan (Denmark)
- MICHELIN (France)
- Revlon Rubbers Private Limited (India)
- High Tech Reclaim Pvt. Ltd (India)
- Mitsubishi Chemical Holdings Corporation (Japan)
- LyondellBasell Industries Holdings B.V. (Netherlands)
- Corprate.Evonik (Germany)
- Ashland, (U.S.)
- Mapei SpA (Italy)
Scope of the Reclaimed Rubber Market Report:
The reclaimed rubber market is segmented on the basis of product, application and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Whole Tire Reclaim (WTR)
- Butyl Reclaim
- Ethylene Propylene Diene Monomer (EPDM)
- Drab and Colored
- Automotive and Aircraft
- Cycle Tyre
- Belts and Hoses
- Molded Rubber Goods
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Reclaimed Rubber Market Regional Analysis/Insights
The Reclaimed Rubber market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Reclaimed Rubber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Reclaimed Rubber within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Reclaimed Rubber market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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