The latest market report published by Credence Research, Inc. is “Global Reclaimed Rubber Market Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”.The global Reclaimed rubber market generated around USD xx million in 2021 and is anticipated to grow a CAGR of over 4.50% during the forecast period from 2022 to 2028 to reach around USD xx million in 2028.
Reclaimed rubber products are in increased demand in multiple industries, such as consumer goods, automotive, aerospace, footwear, etc. The growth of these industries in emerging markets has delivered an effective boost to market growth around the globe. Moreover, utilizing reclaimed rubber for manufacturing extruded products such as drain tubes and pumping discharge hoses is also driving the market. Product demand is boosted by the increased usage of reclaimed rubber in manufacturing footwear and aspiration-based purchasing. Rising demand for the whole tire reclaim (WTR) is a significant trend in the global reclaimed rubber market, and it is expected to contribute to market growth over the forecasted period significantly.
The global reclaimed rubber market is bifurcated into Product Outlook, End-use Outlook, and Geography. Based on product outlook, the market is categorized into the whole tire reclaim rubber, butyl reclaims rubber, EPDM reclaimed rubber and others. Based on the end-use outlook, the global market is segmented into automotive & aircraft tires, retreading, belts & hoses, footwear, molded rubber goods, and others. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Browse Global Reclaimed Rubber Market report-https://www.credenceresearch.com/report/reclaimed-rubber-market
In 2021, the market in Europe was anticipated to witness growth during the forecast period owing to several initiatives such as the BlackCycle assignment undertaken in the region. The BlackCycle project, which is supported by Horizon 2020 of the European Union and was established in May 2020, aims at creating and optimizing a complete value chain of reclaimed rubber from the end-of-life feedstocks like tire trash to secondary raw materials (SRM) for the growth of a unique range of tires for trucks and passenger cars to be marketed commercially in the European and global markets.
Why Buy This Report-
- The report provides a qualitative and quantitative analysis of the global reclaimed rubber market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period from 2022-2028.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
- In-depth analysis of the global reclaimed rubber market segmentation based on product outlook and end-use outlook.
- The global reclaimed rubber analysis market report also includes analyzing the global, regional, and country level, key market trends, significant players’ analysis, market growth strategies, and key application areas.
The Global Reclaimed Rubber Market is Segmented into:
|Forecast Period||2022 – 2028|
|Historical Year||2016 – 2021|
|Segmentation|| By Product Outlook (2016–2028; US$ Bn)|
By End-use Outlook (2016–2028; US$ Bn)
By Geography Segment (2016–2028; US$Bn)