Reclaimed Rubber Market is expected to value at USD 6.32 billion by 2025. The reclaimed rubber industry is subject to witness a substantial growth due to the superior product properties in comparison with natural rubber. The factors responsible for robust market growth include soaring demand from automotive and pharmaceutical sector. Reclaimed rubber is gaining popularity in automotive for the production of automobile tires doe to its eco-friendly properties.
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The key driving factors responsible for the growth of Reclaimed Rubber market :
In addition, increasing adoption of original equipment manufacturer (OEM) tires by automobile manufactures is predicted to fuel market demand for reclaimed rubber in the upcoming years. Globally, the reclaimed rubber market is predicted to grow at CAGR of 10.3% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
The shifting trend towards rubber recycling to enhance its sustainability is expected to offer numerous growth opportunities for industry players in the upcoming years. Reclaimed rubber is manufactured via a thermo-chemical process, which involves softening & expanding the product. This reduce the overall viscosity and break the cross-links. These factors are anticipated to favor market expansion in the upcoming years.
Reclaimed rubber, which is inexpensive and easily available, is highly preferred by manufacturers due to lower power consumption rate & reduced thermal plasticity levels. Reclaimed rubber is offer simpler operation during break down processing, particularly in comparison with the synthetic rubber. Easy availability of waste tires and cost efficiency of reclaim rubber is expected to boost market demand for the product in the upcoming years.
Use of reclaimed rubber offers advantages such as higher impermeability, cure versatility, better cure rate, cure compatibility, superior adhesion, and higher heat resistance. Additionally, early adoption of reclaimed rubber provides constant inflation pressure, longer life span, and heat stability for automobile tires. These factors are expected to drive the growth of reclaimed rubber industry in the upcoming years.
The reclaimed rubber is largely used during production of automobile tires. Applications of reclaimed rubber in automotive sector involves production of tire inner liners, hoses, seals and membranes. The reclaimed rubber is also used during production of pharmaceutical products & footwear’s such as stoppers, shoe soles, heels, liners and rubber articles, thus offering higher resistance to chemicals and weathering. Other application of reclaimed rubber include tank linings, conveyor belts, and protective clothing.
The reclaimed rubber market is broadly categorized into six major segments based on the application type such as automotive & aircraft tires, cycle tires, retreading, belts & hoses, footwear and molded rubber goods. The automotive & aircraft tires is considered as one of the fastest growing segment in the reclaimed rubber industry with substantial revenue generation in the last few years. Growing popularity of reclaimed rubber in the automotive & aircraft tires segment is attributed to the soaring demand for original equipment manufacturer (OEM) tires from Asia Pacific region. The footwear segment has also witnessed substantial growth owing to the high-end demand for shoe soles, heels, and liners.
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Table of Contents:-
- Reclaimed Rubber Market Overview
- Reclaimed Rubber Market Competition by Manufacturers
- Reclaimed Rubber Market Production, Revenue (Value) by Region (2014-2025)
- Reclaimed Rubber Market Supply (Production), Consumption, Export, Import by Regions (2014-2025)
- Reclaimed Rubber Market Production, Revenue (Value), Price Trend by Type
- Reclaimed Rubber Market Analysis by Application
- Reclaimed Rubber Market Manufacturers Profiles/Analysis
- Reclaimed Rubber Market Manufacturing Cost Analysis
- Reclaimed Rubber Market Industrial Chain, Sourcing Strategy and Downstream Buyers
- Reclaimed Rubber Market Marketing Strategy Analysis, Distributors/Traders
- Reclaimed Rubber Market Effect Factors Analysis
- Reclaimed Rubber Market Research Findings and Conclusion
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The global reclaimed rubber market is expected to value at USD 6.32 billion by 2025.
The factors responsible for robust market growth include soaring demand from automotive and pharmaceutical sector.
Reclaimed rubber is gaining popularity in automotive for the production of automobile tires doe to its eco-friendly properties.In addition, increasing adoption of original equipment manufacturer (OEM) tires by automobile manufactures is predicted to fuel market demand for reclaimed rubber in the upcoming years.
Reclaimed rubber is manufactured via a thermo-chemical process, which involves softening & expanding the product.
Reclaimed rubber is offer simpler operation during break down processing, particularly in comparison with the synthetic rubber.
Easy availability of waste tires and cost efficiency of reclaim rubber is expected to boost market demand for the product in the upcoming years.Use of reclaimed rubber offers advantages such as higher impermeability, cure versatility, better cure rate, cure compatibility, superior adhesion, and higher heat resistance.
Reclaimed rubber market is expected to grow at a rate of 12.4% for the forecast period of 2020 to 2027.
Rising demand for virgin rubber among the end-users is the key factor driving the market growth.Reclaimed Rubber Market research provides insights into market factors that affect the market, scope, segmentation, and overlap.
These factors have demonstrated good focus scenarios and patterns with top industry players over the years.
Approved information on three methods including major organization revenue.
Considering every market parameter and element, it ends with an accurate and true market estimate.
Every key and decisive detail that improves and restricts the market is quoted in a sophisticated method and provides suggestions that can influence the market.
