Reclaimed Rubber Market - Changing Supply And Demand Scenarios By 2025

Favorable regulations promoting sustainable and eco-friendly materials as substitutes for conventional virgin rubber is driving product demand in several end-use industries. The Global Reclaimed Rubber Market is expected to reach USD 6.32 billion by 2025, according to a new report by Grand View Research, Inc.

Increasing consumer awareness regarding environment-friendly materials with lower processing costs & enhanced properties are driving product consumption. Automotive & cycle tires, footwear, and other molded rubber goods manufacturers have realized the benefits of recycled & regenerated rubber in these applications.

Increasing natural rubber prices, growing environmental concerns on account of waste rubber disposal in rivers, and higher energy efficiency are other key factors driving reclaimed rubber demand across the globe.

Burgeoning demand for whole tire reclaim (WTR) is anticipated to drive segment volume demand by 42% by 2025.Owing to its versatility, durability, reduced pollution and low processing costs, WTR is expected to witness growth over the forecast period. However, the emergence of innovative elastomer-based products has restricted the full growth potential of this segment.

EPDM is anticipated to emerge as the fastest-growing product owing to technological advancements that have contributed largely to improved product properties and greater sustainability. Expansion of the global footwear industry has also contributed to growth in the reclaim footwear market, with high consumption in heels, soles and inner linings.

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Automotive & aircraft tires emerged as the leading & fastest-growing application with 11.1% CAGR. Growing awareness regarding cost-effective and eco-friendly alternatives for virgin rubber is likely to boost reclaim demand for the production of durable tires and other synthetic products in automotive sector.

Top Players of Reclaimed Rubber Market:

Key players include GRP (Gujarat Reclaim & Rubber Product Ltd.), J. Allcock & Sons, Rolex Reclaim Pvt. Ltd., Sun Exims (India) Pvt. Ltd., Huxar Reclamation, Star Polymers, Genan, Titan International Ltd., Balaji Rubber Reclaim, Swani Rubber Industries, and Michelin among others.

Market Segmentation of Reclaimed Rubber Market:

The Global Reclaimed Rubber Market segmented on the basis of Product, Application, and Region.

By Product:

    Whole Tire Reclaim (WTR)
    Butyl Reclaim
    EPDM
    Drab & Colored

By Application:

    Automotive & Aircraft Tires
    Cycle Tires
    Retreading
    Belts & Hoses
    Footwear
    Molded Rubber Goods

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East and Africa

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