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Whole tire reclaim (WTR), drab and colored, butyl reclaim rubber, and ethylene propylene diene monomer (EPDM) are the various types of reclaimed rubbers and have various properties. Technavio’s market research report has identified the growing application of these rubbers as one of the primary growth drivers for the global reclaimed rubber market till 2021. The adoption of EPDM is increasing among end-user sectors owing to its advantages including improved sustainability. Additionally, technological advancements will also boost the adoption of EPDM rubber. With the growth in the automotive and aerospace industries especially in the emerging economies such as Thailand, Malaysia, India, and China, the demand for reclaimed and recycled rubber products will increase in the coming years. According to our market research analysts, this market will grow at a CAGR of more than 10% by 2021.
The growth in the automotive and infrastructure industries is driving the growth prospects of the reclaimed rubber market in APAC. Major companies are trying to improve their demand-supply gap by expanding their manufacturing facilities in the developing countries. Owing to the increasing adoption of rubber in various countries including China, India, Malaysia, and Indonesia, the reclaimed rubber market will witness considerable growth in this region during the next few years as well.
The reclaimed rubber market appears to be fragmented owing to the presence of several large and medium-sized players. These market players are focusing on enhancing their geographical presence. Moreover, the vendors in the reclaimed rubber products market are also concentrating on expanding their product portfolio to retain their shares in this competitive environment.
Key vendors in this market are -
Other prominent vendors in the market include Arihant Oil & Chemicals, DEV RUBBER FACTORY, Gangamani, High Tech Reclaim, MSS Rubber & reclaims, Minar Reclamation, Miracle Rubbers, Revlon Rubbers, Sapphire Reclaim Rubber, and SASA Rubbers.
Reclaim rubber manufacturers use waste tires and tread peelings to produce WTR. WTR is available in various grades, quality, and smoothness. The adoption of WTR is increasing across the globe since its vulcanization properties make it suitable for manufacturing a wide variety of rubber products. IN the coming years, the reclaimed rubber market will witness considerable growth in the WTR segment since it can be used to create high-performance products by filling the thread portion of the scrap tires with carbon.
The reclaimed rubber products market is witnessing considerable growth in the tire segment due to the rising demand for tires in automotive vehicles. A large number of automotive manufacturers are shifting toward the application of reclaimed rubbers due to the rising price of natural rubber since it will help automotive manufacturers reduce processing costs.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY PRODUCT TYPE
PART 09: MARKET SEGMENTATION BY APPLICATION
PART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: APPENDIX
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