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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, du...