Natural Reclaimed Rubber Market Size, Share & Trends Analysis Report By Product (High Tensile Natural Reclaim, Ultra High & High Tensile Natural Reclaim), By End-use (Retreading, Belts & Hoses, Footwear), By Region, And Segment Forecasts, 2023 - 2030

Natural Reclaimed Rubber Market Growth & Trends

The global natural reclaimed rubber market size is expected to reach USD 2.75 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.6% from 2023 to 2030. The growing awareness among consumers for physical fitness is expected to fuel demand for natural reclaimed rubber in consumer goods and textile industries for the production of several products, including rubber flooring mats, thus influencing global market growth during the forecast period.

Properties such as high strength, good resistance, and low hysteresis have led to an increase in their usage in various industries, such as automotive, footwear, aerospace, consumer goods, and others. The rise of these enterprises in emerging markets has significantly increased global market expansion. The increased usage of natural reclaimed rubber in the creation of footwear, as well as an increase in idealistic buying, are driving increasing product demand over the coming years.

The rising automotive sector is fueling use of natural reclaimed rubber due to its ability to shield against heat and harsh light, which is expected to boost market value even more. The need for tires and the advancement of the automotive industry is predicted to be the primary drivers of the market for reclaimed rubber.However, the availability of products made from elastomer-based materials is projected to hinder market growth in the coming years.

The increased consumer awareness of physical fitness is predicted to fuel demand for rubber flooring mats, which will influence market growth. Furthermore, due to the increased personal car sales and technology transfer in the automobile industry are expected to raise demand for rubber tires, hence driving the natural reclaimed rubber industry over the forecast period.

Natural Reclaimed Rubber Market Report Highlights

• In terms of revenue, the natural tube reclaim product accounted for a prominent share of the market in 2022 and is further expected to witness prominent growth over the forecast period
• Automotive & Aircraft tires dominated the end-use market and accounted for more than 61.0% of the revenue share in 2022. Increasing natural rubber prices, combined with increased demand for automotive tires in developing countries, will fuel revenue growth in this market
• As of 2022, the Asia Pacific accounted for more than 53.0% of the market share in terms of revenue. The rising automotive industry in countries such as China, Indonesia, India, and Thailand is likely to fuel market growth in the Asia Pacific over the forecast period
• Major top players are continuously working and investing on developing their manufacturing plants owing to the increased usage of natural reclaimed rubber in the automotive industry. For instance, In November 2022, Bridgestone Americas (Bridgestone) announced a USD 190 million investment to modernize and expand its tire production facilities in Belén de Heredia, Costa Rica. Over the course of five years 2022-2026, the corporation will invest more than USD 250 million

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