Global Reclaimed Rubber Market 2017-2021

Overview of the global reclaimed rubber market

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.

Competitive landscape and key vendors

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 -

• Fishfa Rubbers
• GRP
• Rolex Reclaim
• Sun Exim
• Swani Rubber Industries

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.

Segmentation by product type and analysis of the reclaimed rubber market

• Whole tire reclaim (WTR)
• Butyl reclaim
• EPDM
• Drab and colored

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.

Segmentation by application and analysis of the reclaimed rubber market

• Tire
• Non-tire

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global reclaimed rubber market?
• What are the key market trends impacting the growth of the global reclaimed rubber market?
• What are the challenges to market growth?
• Who are the key vendors in the global reclaimed rubber market?
• What are the market opportunities and threats faced by the vendors in the global reclaimed rubber market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global reclaimed rubber market?

Technavio also offers customization on reports based on specific client requirement.