About Reclaimed Rubber
Reclaimed Rubber is manufactured or produced after passing or recycling natural rubber. These rubber pass through various thermochemical processes to become a reclaimed rubber. It is used for various applications such as belts, footwear, aircraft, etc. Reclaimed rubber is highly durable and has vulcanizing properties which make it more suitable for automotive industries. Growing automotive and aerospace industries are driving the market for reclaimed rubber.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.55% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Reclaimed Rubber market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sun Exims Pvt. Ltd. (India), Allcock & Sons (United Kingdom), GRP (India), Rolex Reclaim Pvt. Ltd. (India), Huxar Reclamation (India), U.S. Rubber (United States), Yeu Guan Industrial Co., Ltd. (Taiwan), Star Polymers Inc. (India), Monmouth Rubber & Plastics Corp. (United Nation) and North West Rubber (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Bas Recycling, Inc (United States), Jinzhou Jinfeng Tyre Group Ltd. (China), Tangshan Xing Yu Rubber Industrial Co., Ltd. (China), Maxan Corporation Pvt. Ltd. (India) and Swani Rubber Industries (India).
Segmentation Overview
AMA Research has segmented the market of Global Reclaimed Rubber market by Type (The Whole Tire Reclaim (WTR), Butyl Reclaim, Ethylene Propylene Diene Monomer, Drab & Colored and Others), Application (Automotive & Aircraft Tires, Retreading, Belts & Hoses, Footwear and Molded Rubber Goods) and Region.
On the basis of geography, the market of 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). If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Reclaimed Rubber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in Reclaimed Rubber and Increase in R&D Activities towards Rubber
Market Growth Drivers:
Increasing Automotive Industries Globally and Increasing use of Reclaimed Rubber in the Manufacturing of Footwear
Challenges:
Increasing Concerns about the Damage Caused to the Environment Because of Dumping Used Rubber in Rivers and Concern Related to the Fluctuating Crude Oil Prices etc.
Restraints:
The Advent of Tubeless Tires Globally and Stringent Policies and Regulation towards Using Rubber
Opportunities:
Rapidly Expanding Aerospace Industry is Booming the Market and Growing Demand from the Households and Various Industries for Floor Matting
Market Leaders and their expansionary development strategies
In April 2023, Ecore International, has acquired 360 Tire Recycling Group, a leading tire recycling management company. This strategic alliance strengthens Ecore’s position in tire and buffings collection, while aiding in the procurement of raw materials for the company’s innovative flooring and surfacing products.
In June 2023, Ecore International has launched its new TRUcircularity program, which aims to eliminate rubber waste by recycling and reimagining every end-of-life rubber floor. The initiative aims to help Ecore customers achieve sustainable impact through circularity.
Key Target Audience
Reclaimed rubber manufacturers, Traders and distributors of reclaimed rubber, Research and development institutes, Potential investors, Raw material suppliers and Nationalized laboratory
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.