Reclaimed Rubber Market Key Players: SNR Reclamations Pvt. Ltd., High Tech Reclaim Pvt. Ltd., Balaji Rubber Industries (P) Ltd.

 Reclaimed Rubber Industry Overview

The global reclaimed rubber market size was valued at USD 1.04 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.9% from 2022 to 2030. In recent years, global demand for reclaimed rubber has been driven by favorable regulations implemented by governments across the globe to promote sustainable materials as a substitute for conventional virgin rubber and the rising demand for reclaimed rubber from end-use sectors like automotive & aircraft tires, footwear, belts & hoses, retreading, and molded rubber goods manufacturing.

The market has witnessed collaborations between end-users and chemical manufacturers to develop new products from used tires. For instance, as of December 2021, Ralf Bohle GmbH, a bicycle tire manufacturer, Pyrum Innovations AG, and TH Köln University entered into a collaborative partnership 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.

Gather more insights about the market drivers, restrains and growth of the Global Reclaimed Rubber market

 

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.

Tire retreading is commonly observed in heavy-duty commercial vehicles since replacing tires is expensive and tire retreading provides a feasible and economical option for commercial vehicle owners. The growing automotive industry in the U.S. is expected to drive the demand for reclaimed rubber in the tire retreading industry.

The Environmental Protection Agency (EPA) along with the government of Mexico, implemented the U.S.-Mexico Border 2020 Program, incorporating goals to reduce and prevent land contamination via strengthening waste management. The project is aimed at reducing dumped waste, including tire scraps with other materials. Such initiatives are expected to promote tire recycling and positively affect the growth of the market.


Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

  • Plastic Films And Sheets Market - The global plastic films and sheets market size was valued at USD 127.74 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. The growing demand for plastic films in the agricultural sector is a major growth driver for the industry.

 

  • Concrete Floor Coating Market - The global concrete floor coating market size was valued at USD 4.52 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. The industry’s growth is mainly attributed to the increasing investments in green buildings across the U.S. Green buildings incorporate the use of eco-friendly and lightweight materials to maintain and improve the indoor air quality and efficiency of energy, water, and other resources.

 

Reclaimed Rubber Market Segmentation

Grand View Research has segmented the global reclaimed rubber market report based on product, end-use, and region:

Reclaimed Rubber Product Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

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

Reclaimed Rubber End-use Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

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

 Reclaimed Rubber Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies profiled:

Some of the  key players in the global reclaimed rubber market include:

  • GRP Ltd
  • 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.
  • High Tech Reclaim Pvt. Ltd.
  • Balaji Rubber Industries (P) Ltd.
  • Star Polymers Inc.

 

Order a free sample PDF of the Reclaimed Rubber Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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