Reclaimed Rubber Market By Product Outlook (Whole Tire Reclaim Rubber, Butyl Reclaim Rubber, EPDM Reclaimed Rubber, Others) By End-use Outlook (Automotive & Aircraft Tires Retreading, Belts & Hoses, Footwear, Molded Rubber Goods, Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global reclaimed rubber market report explores the critical analysis of theindustry using key parameters. The report consists of investment strategies, the need for investments in the reclaimed rubber industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the reclaimed rubber industry and how economic and non-economic barriers are helping the reclaimed rubber market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis.Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.


Key Highlights of the report

How are the major segments performing in the reclaimed rubber market?

In 2021, automotive & aircraft tires were anticipated to hold a prominent share in the market due to increased passenger travel after the easing of regional and national visa requirements.

In 2021, the whole tire reclaims rubber segment was anticipated to hold a prominent share in the global reclaimed rubber due to the growing automotive industry.

Which region dominated the reclaimed rubber market?

In 2021, the Asia Pacific region was anticipated to dominate the global reclaimed rubber market due to its enormous rubber tire manufacturing units; Asian countries, such as Indonesia, China, Vietnam, India, Thailand, and Japan, are expected to become the main growing markets for reclaimed rubber during the forecast period. Additionally, due to growing sales of personal vehicles and technology transfer into the industry, India and China have recently seen an immediate growth in automotive production. This expansion is expected to increase the demand for rubber tires and positively impact the reclaimed rubber market.

What is the competitive environment of the reclaimed rubber market?

The reclaimed rubber industry's competitive environment offers information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the Reclaimed Rubber market share globally, the business organization overview, the launch of new products, and the opportunities for the industrial Reclaimed Rubber market. For instance, In December 2021, the University of TH Köln, Pyrum Innovations AG, and the bicycle tire maker Ralf Bohle GmbH collaborated to create new bicycle tires from used tires. Initiatives like this are anticipated to assist businesses in locating crude materials and producing recovered rubber at reasonable prices. Furthermore, In October 2021, Ecolomondo Corporation, a well-known cleantech company that commercializes its Thermal Decomposition Process recycling technology and turnkey TDP facilities for converting tires, plastics, and other hydrocarbon waste streams into renewable commodities, signed a long-term supply agreement with Recyc-Quebec. Ecolomondo will deliver more than 31,000 short tonnes of end-of-life tire feedstock to the Hawkesbury TDP recycling facility under this agreement (roughly 80% passenger tires and 20% truck tires).

Executive Summary

What are the Existing Challenges for the Reclaimed Rubber Market's future Trends?

The variable cost of raw materials (crude materials) might hinder market expansion. For instance, according to BP's Statistical Review of World Energy, the crude oil price uncertainty has recently expanded. The increased demand for reclaimed rubber is anticipated to be challenged by the variability in raw material prices. Additionally, the growing worries about the damage that utilized rubber disposal in waterways are compelling to the environment and may restrain the market growth. Furthermore, adaptive processing is predicted to result in unforeseen natural compound (VOC) contamination conditions that can also restrict the development of the market for reclaimed rubber.

Which are the key investments by the players in the reclaimed rubber industry market?

The players are immersed in platform expansion and strategic collaborations to extend their portfolios and acquire a robust footing in the global reclaimed rubber market. For instance, in January 2020, the Goodyear Tire & Rubber Company, an American tire manufacturer, and Rubber-Cal, a rubber flooring supplier and mats, partnered to design a unique range of rubber flooring and carpets. Furthermore, the ReUz rubber flooring rolls and ReUz rubber tiles are constructed from used Goodyear tires, which demand minor energy during manufacture and are easy to color, making them ideal for help in fitness facilities because of their beautiful, textured surface. Rubber floor mat need is expected to grow as public awareness of the significance of physical fitness boosts, consequently influencing the market's expansion.

Some major players in the reclaimed rubber market are

GRP Ltd., J. Allcock& Sons Ltd., Rolex Reclaim Pvt. Ltd.; Fishfa Rubbers Ltd.; HUXAR; Tianyu (Shandong) Rubber & Plastic Products Co., Ltd.; Swani Rubber Industries; MinarReclaimation Private Limited; SRI Impex Pvt. Ltd.; SNR Reclamations Pvt. Ltd.; High Tech Reclaim Pvt. Ltd.; Balaji Rubber Industries (P) Ltd.; Star Polymers, Inc. 

What are the Major Driving Factors for the Reclaimed Rubber Market?

The demand for reclaimed rubber has been operated by favorable regulations executed by governments around the globe to encourage sustainable materials as a replacement for conventional pure rubber and the growing need for reclaimed rubber from end-use applications such as automotive & aircraft tires, retreading, footwear, belts & hoses, and molded rubber goods manufacturing. Furthermore, the market collaborates with end-users and chemical factories to create unique products from exploited tires. For instance, in December 2021, Ralf Bohle GmbH, a bicycle tire manufacturer, Pyrum Innovations AG, and TH Köln University joined a collaborative partnership to create unique bicycle tires from old tires. Initiatives like these are predicted to support companies sourcing raw materials and manufacturing reclaimed rubber at economical costs.

What are the Major Risks for the Reclaimed Rubber Market?

The fluctuating raw material prices (crude material) might hamper the market growth. For instance, According to the BP Statistical Review of World Energy, crude oil cost volatility has grown in recent years, with prices dropping from $98.95/bbl in 2014 to $52.39/bbl in 2015, growing from $43.73/bbl in 2016 to $71.31/bbl in 2018, and then dropping to $64.21/bbl in 2019 and $41.84/bbl in 2020. Therefore, raw material costs will challenge the reclaimed rubber market growth rate. Furthermore, due to flexible handling, the growing concerns about the environmental damage caused by dumping used rubber in rivers and unanticipated natural compound (VOC) contamination guidelines may limit the market growth.

Which is the key end-use outlook in the reclaimed rubber market?

The automotive & aircraft tire is anticipated to hold a prominent share in the global reclaimed rubber market during the forecast period. Aircraft tires have conducting stripes built into the tire tracks, which release any static electricity charges that may have been created. Natural rubber in the tires works as an insulator because it determines the transfer of electricity. With the increasing international logistics business and passenger travel center, the ease of travel limitations on a regional and country basis has updated the demand for aircraft tires. Numerous aviation companies do not purchase tires but have established agreements with tire manufacturing companies to return tires upon requirement. Retreading is a common approach in aircraft tires since the tires are costly.

How is the reclaimed rubber market performing in regions?

The Asia Pacific region is anticipated to dominate the reclaimed rubber market during the forecast period. Asian countries such as Indonesia, China, Thailand, Vietnam, India, and Japan are anticipated to arise as immediate growth markets for reclaimed rubber due to comprehensive rubber tire production in these nations. Furthermore, China and India have noticed an immediate growth in automotive production in recent years due to growing disposable income around the middle-class population and technology transfer to the sector from the Western markets, predicting to drive the market for rubber tires and exploitation of the reclaimed rubber market completely. The rising awareness among customers related to physical fitness is expected to propel the demand for rubber flooring mats, thus directly affecting the growth of the market.

What is the regulatory landscape for the reclaimed rubber market?

In China, decision-makers examine payments for ecosystem benefit schemes to determine these tensions. This research project was requested to report the political debate as an element of policy development. Agent-based simulations displayed depraved outcomes of payments for ecosystem benefits intended to facilitate the conversion of monoculture rubber into agroforestry rubber. As an outcome of this modeling-based industry, managing agencies have fixed earlier prepared payment schemes and reviewed the importance of monitoring and regulatory approaches.

What is the Market Size of Reclaimed Rubber regarding value?

The global reclaimed rubber market is anticipated to grow at a substantial CAGR of 10.60% in the upcoming years. The global reclaimed rubber industry was estimated to be worth USD 1.1 billion in 2021 and was expected to be worth USD 2.01 billion by 2028.

What are the major players planning for the future of the Reclaimed rubber market?

Growing regional existence and investment in downstream applications are anticipated to deliver a competitive edge in the market. For instance, in April 2021, Bridgestone Corporation (Bridgestone) announced a USD 135.90 million investment to upgrade facilities at its Shimonoseki Plant, which manufactures tires for mining and building vehicles. The structure is set to begin in 2022 and be complete in 2025. The new equipment will enhance safety, tragedy preparedness, environmental friendliness, grade, and productivity. Bridgestone Corporation is anticipated to expand its reclaimed rubber production in the coming years. 

Segmentation of Global Reclaimed Rubber Market-

Global Reclaimed Rubber Market – By Product Outlook

  • Whole Tire Reclaim Rubber
  • Butyl Reclaim Rubber
  • EPDM Reclaimed Rubber
  • Others

Global Reclaimed Rubber Market – By End-use Outlook

  • Automotive & Aircraft Tires
  • Retreading
  • Belts & Hoses
  • Footwear
  • Molded Rubber Goods
  • Others

Global Reclaimed Rubber Market – By Region

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global reclaimed rubber market

COVID-19 has significantly impacted the market, as automotive production and demand were both impacted during the pandemic.

The Asia Pacificregion accounted for the most heightened share in the global reclaimed rubber market.

High demand across end-users and emerging economies' rapidly growing construction sector drives the market growth.

The whole tire reclaims rubber segment had a major share in the global market in 2021.

The automotive & aircraft tires segment had a major share in the global market in 2021 and is anticipated to continue during the forecast period.

Reclaimed Rubber Market Scope

Report Attribute Details
Market Value in 2021 USD 1.1 billion
Market Value in 2028 USD 2.01 billion
CAGR 10.60%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Oct 2022
Category:  Advanced Materials
Report ID:   60693
Report Format:   PDF
Pages:   120
Rating:    4.2 (60)
Delivery Time: 24 Hours to 48 Hours   
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