Butyl Reclaimed Rubber- Market Scope
Butyl Reclaim Rubber is an exceptional product created through the recycling of discarded butyl rubber tubes. These tubes are composed solely of pure butyl, with no other polymer content. The resulting material is tougher and less porous compared to alternatives, offering ample elasticity for the formation of a reliable airtight seal. This sustainable and environmentally friendly resource is obtained through a meticulous reclamation process, effectively converting waste into a valuable material. Butyl rubber, commonly utilized in inner tubes, tires, gaskets, and seals, is particularly favored in industries such as automotive and aerospace where superior airtightness is crucial.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Butyl Reclaimed Rubber- market throughout the predicted period.
GRP (India), High Tech Reclaim Pvt.Ltd Inc. (India), Fishfa Rubbers Ltd Corporation (India), SNR Reclamations Pvt.Ltd (India), Aero Rubber Company, Inc (United States), Bruckman Rubber Co. (United States), Scientific Developments (United States), ARP Materials (United States), Associated Rubber, Inc. (United States) and Welton Rubber Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Rubber Resources B.V Inc. (India), Wuxi Wanfeng Rubber Factory (India) and Rolex Reclaim Pvt. (India).
Segmentation Overview
The study have segmented the market of Global Butyl Reclaimed Rubber- market by Type (Natural Butyl Reclaim Rubber, Synthetic Butyl Reclaim Rubber and Others), by Application (Automotive Tires, Healthcare, Industrial Applications, Construction, Adhesives and Other Industries) and Region with country level break-up.
On the basis of geography, the market of Butyl Reclaimed Rubber- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing consumer awareness and preference of sustainable product demand for reclaimed rubber and Increasing global automotive productions
Market Growth Drivers:
Reclaimed rubber products are in high demand in many industries automotive and aerospace and Increasing Demand for Recycled Products
Challenges:
Research and development to improve reclamation processes and product performance and Competition from Virgin Rubber
Restraints:
Fluctuating Raw Material Prices
Opportunities:
A rise in demand for heavy duty vehicles and High Demand for Production Capacity Expansion
In May 2020, The EU Horizon Program provided financial Support for the Black Cycle, which is intended to build and optimize the entire value chain of reclaimed rubber from second-generation raw materials to end-of-life feed stocks like tire waste
Key Target Audience
Manufacturing, Providers, Suppliers, Reasearch and Development Industries, Stakeholders and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.