Global Reclaimed Rubber Market Size study, by Product (Whole Tire Reclaim, Butyl Reclaim Rubber, EPDM Reclaim Rubber, And Others), By End-use (Automotive & Aircraft Tires, Retreading, Belts & Hoses, Footwear, Molded Rubber Goods, Others) and Regional Fore

Global Reclaimed Rubber Market Size study, by Product (Whole Tire Reclaim, Butyl Reclaim Rubber, EPDM Reclaim Rubber, And Others), By End-use (Automotive & Aircraft Tires, Retreading, Belts & Hoses, Footwear, Molded Rubber Goods, Others) and Regional Forecasts 2022-2028

Global Reclaimed Rubber Market is valued approximately USD 1.04 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10.9 % over the forecast period 2022-2028. Reclaimed rubber is a substance derived from scrap or waste rubber that is intended to replace or augment fresh rubber in the production of rubber goods. Favorable regulations implemented by governments around the world to promote sustainable materials as a substitute for conventional virgin rubber, as well as rising demand for reclaimed rubber from end-use sectors such as automotive and aircraft tyres, footwear, belts and hoses, retreading, and moulded rubber goods manufacturing, have driven global demand for reclaimed rubber. Collaborations between end-users and chemical producers to generate new products from old tyres have occurred in the market. For instance, as of December 2021, Ralf Bohle GmbH, a bicycle tire manufacturer, Pyrum Innovations AG, and TH Köln University partnered to develop new bicycle tires from old tires. Initiatives like these are expected to help companies source raw materials and manufacture reclaimed rubber at economical costs. According to the International Organization of Motor Vehicle Manufacturers (OICA), the U.S. was the leading producer of commercial vehicles in the world in 2020. Despite the outbreak of the pandemic, the country witnessed a rise in demand for pickup trucks in 2020. Ford Motor’s F-Series truck retained its dominance followed by pickups from Fiat Chrysler and General Motors. However, value variances of unrefined petroleum impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Reclaimed Rubber Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia pacific emerged as the market leader. China and India have seen substantial increase in automobile manufacturing as a result of rising middle-class disposable income and technological transfer from Western markets, which is expected to stimulate demand for rubber tyres and favourably affect the recovered rubber industry. The European market is likely to increase over the forecast period as a result of a number of initiatives, such as the BlackCycle project, launched in the area. The BlackCycle project, funded by the European Union's Horizon 2020 and launched in May 2020, aims to develop and optimise a full value chain of reclaimed rubber from end-of-life feedstocks like tyre waste to secondary raw materials (SRM) for the development of a new range of tyres for trucks and passenger cars to be sold commercially in European and global markets.

Major market player included in this report 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
Minar Reclaimation Private Limited
SRI Impex Pvt. Ltd.
SNR Reclamations Pvt. Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Whole Tire Reclaim
Butyl Reclaim Rubber
EPDM Reclaim Rubber
Others
By End-use:
Automotive & Aircraft Tires
Retreading
Belts & Hoses
Footwear
Molded Rubber Goods
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Reclaimed Rubber Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

GRP Ltd
J. Allcock & Sons Ltd
Rolex Reclaim Pvt. Ltd.
Fishfa Rubbers Ltd.
HUXAR
Tianyu (Shandong) Rubber & Plastic Products Co., Ltd.
Swani Rubber Industries
Minar Reclaimation Private Limited
SRI Impex Pvt. Ltd.
SNR Reclamations Pvt. Ltd.

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