Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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Targeting Pods Market Size Non-Aeronautical Market Size Turboprop Planes Market Size Ship Leasing Market SizeGlobal Reclaimed Rubber Market Size to Exceed USD 2,785.85 Million by 2033
According to a research report published by Spherical Insights & Consulting, The Global Reclaimed Rubber Market is Expected to Grow from USD 1,352.70 Million in 2023 to USD 2,785.85 Million by 2033, at a CAGR of 7.49% during the forecast period 2023-2033.
Browse 210 Market Data Tables and 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Reclaimed Rubber Market Size, Share, and COVID-19 Impact Analysis, By Product (Whole Tyre Reclaim, Butyl Reclaim Rubber, and EPDM Reclaim Rubber), By End-use (Automotive & Aircraft Tyres, and Retreading), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
The rubber market recycled from used tires and other rubber goods is known as the "reclaimed rubber market." It is an environmentally friendly substitute for virgin rubber. Reclaimed rubber is vulcanized rubber that is softened and swollen by a thermo-chemical process. The mechanical shear and chemical activity decrease the viscosity of the rubber by shortening the polymer chain. The whole tyre reclaim (WTR), drab and colored, butyl reclaim, and ethylene propylene diene monomer (EPDM) are some of the various types of reclaimed rubber used in the market. In addition, a prominent trend in the global market for reclaimed rubber is the rising demand for whole tire reclaim (WTR), which is expected to fuel the market's future expansion. Furthermore, reclaimed rubber items are highly demanded in various sectors such as automobiles, consumer durables, aeronautics, footwear, and others. The growth of these sectors in developing economies has been a strong driving force behind the growth in the market around the world. In addition to this, applications of reclaimed rubber in the production of extruded products like drain tubes and pump discharge hoses are also propelling the market forward. However, the standards for unforeseen natural compound (VOC) pollution resulting from flexible handling will impede the expansion of the market for recycled rubber.
The whole tyre segment accounted for the largest share in 2023 and is estimated to grow at a CAGR of 41.88% during the forecast period.
Based on the product, the global reclaimed rubber market is classified into whole tyre reclaim, butyl reclaim rubber, and EPDM reclaim rubber. Among these, the whole tyre segment accounted for the largest share in 2023 and is estimated to grow at a CAGR of 41.88% during the forecast period. Whole tyre reclaimed rubber is produced from tread peelings and end-of-life tyres. The product has superior elongation and tensile strength, abrasion resistance, tear resistance, shelf life, and energy efficiency on mixing. The aforementioned properties qualify it for use in the production of tyre sidewalls, tyre piles, and tyre treads & retreads.
The automotive & aircraft tyres segment held the largest share in 2023 and is estimated to grow at a CAGR of 58.78% during the forecast period.
Based on the end-use, the global reclaimed rubber market is divided into automotive & aircraft tyres, retreading. Among these, the automotive & aircraft tyres segment held the largest share in 2023 and is estimated to grow at a CAGR of 58.78% during the forecast period. Aircraft tires are constructed using conductive elastomer, and natural rubber, and are exposed to harsh conditions. These are supported with flexible and hard materials like Kevlar to take more of the impact of landing and to hold up the natural rubber. Natural rubber has very good abrasion resistance, tear resistance, and great green strength & tack, allowing it to bond with other substances.
Asia Pacific is anticipated to hold the largest share of the global reclaimed rubber market over the predicted timeframe.
Asia Pacific is anticipated to hold the largest share of the global reclaimed rubber market over the predicted timeframe. The market is driven by growing urbanization and infrastructure growth. India, Indonesia, and Thailand are among the countries that are witnessing a boom in demand for affordable materials, with reclaimed rubber becoming increasingly popular because of its affordability and eco-friendliness.
North America is estimated to grow at the fastest CAGR of the global reclaimed rubber market during the forecast period. Firms from different sectors are working proactively towards minimizing waste and optimizing the utilization of resources in compliance with stringent green laws. The presence of cutting-edge recycling technology and robust tyre retreading facilities has also enhanced the application of reclaimed rubber in end-uses such as automotive, footwear, and industrial parts.
Company Profiling
Major vendors in the global reclaimed rubber market are Rolex Reclaim Pvt. Ltd., Fishfa Rubbers Ltd., HUXAR, Tianyu (Shandong) Rubber & Plastic Products Co., Ltd., Balaji Rubber Industries (P) Ltd., Swani Rubber Industries, GRP Ltd, Minar Reclaimation Private Limited, Star Polymers Inc., SRI Impex Pvt. Ltd., SNR Reclamations Pvt. Ltd., J. Allcock & Sons Ltd, High Tech Reclaim Pvt. Ltd., and others.
Key Target Audience
Recent development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global reclaimed rubber market based on the below-mentioned segments:
Global Reclaimed Rubber Market, By Product
Global Reclaimed Rubber Market, By End-use
Global Reclaimed Rubber Market, By Regional
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