Reclaimed Rubber Market to Grow with a CAGR of 8.31% through 2029
Increasing waste reduction initiatives and growing
automotive industry are factors driving the Global Reclaimed Rubber market in
the forecast period 2025-2029.
According to TechSci Research report, “Reclaimed
Rubber Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2029”, the Global Reclaimed Rubber Market stood at USD
1.37 billion in 2023 and is anticipated to grow with a CAGR of 8.31% in the
forecast period, 2025-2029. Global reclaimed rubber market has witnessed
significant attention in recent years as industries increasingly embrace
sustainable practices and seek cost-effective alternatives. Reclaimed rubber,
derived from recycled rubber materials, presents a compelling solution to both
environmental concerns and economic considerations.
Reclaimed rubber market is experiencing a paradigm
shift driven by environmental consciousness, technological advancements, and
collaborative efforts within the industry. While challenges such as quality
assurance and competition persist, the market's growth is propelled by the
increasing adoption of sustainable practices, cost efficiency, and government
support. As industries continue to prioritize eco-friendly solutions, the
reclaimed rubber market is poised for sustained expansion in the global marketplace.
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The Global Reclaimed Rubber Market is segmented into
product, end use, regional distribution, and company.
Whole Tire Reclaim Rubber is a cornerstone of the
reclaimed rubber market, derived from the comprehensive recycling of entire
used tires. This product stands out for its versatility, finding applications
in the manufacturing of various rubber products such as automotive components,
conveyor belts, and molded goods. Its cost-effectiveness and reduced
environmental impact make it a favored choice in industries seeking sustainable
alternatives.
Butyl Reclaim Rubber is derived from the recycling of
butyl rubber products, offering a sustainable solution for industries requiring
high-quality rubber with specific performance characteristics. Butyl Reclaim
Rubber is known for its excellent air retention properties, making it a
preferred choice in the production of inner tubes, tire liners, and other
applications where airtightness is crucial.
Ethylene Propylene Diene Monomer (EPDM) Reclaim Rubber
is another significant product in the reclaimed rubber market. This variant is
crafted from recycled EPDM rubber materials, showcasing resilience, durability,
and resistance to weathering. EPDM Reclaim Rubber finds applications in diverse
sectors, including automotive manufacturing, construction, and electrical
insulation, owing to its superior properties.
Retreading, a sustainable practice in the tire
industry, utilizes reclaimed rubber to extend the life of worn-out tires.
Reclaimed rubber's compatibility with various rubber compounds makes it an
excellent choice for retreading applications, contributing to the circular
economy by reducing tire waste and conserving resources.
The manufacturing of Belts & Hoses represents
another significant application of reclaimed rubber. The material's
flexibility, resilience, and cost-effectiveness make it an attractive choice
for producing conveyor belts, industrial hoses, and other rubber components
used in diverse industries.
In the footwear industry, reclaimed rubber finds
applications in the production of shoe soles, providing an eco-friendly
alternative to traditional rubber. The versatility of reclaimed rubber allows
for the creation of durable and comfortable footwear, aligning with the growing
consumer demand for sustainable products.
Reclaimed rubber is widely utilized in the production
of Molded Rubber Goods, ranging from gaskets and seals to industrial parts. Its
ability to maintain quality and performance in molded applications makes it a
valuable raw material for manufacturers seeking sustainable options
Asia Pacific region stands at the forefront of both
the production and consumption of reclaimed rubber. Countries like India and
China, with their burgeoning manufacturing sectors, have witnessed a surge in
the demand for sustainable materials. As these nations prioritize eco-friendly
practices, the adoption of reclaimed rubber in various industries, including
automotive, construction, and footwear, has witnessed significant growth.
Moreover, the region's robust infrastructure development and emphasis on circular
economy principles are further bolstering the reclaimed rubber market.
In Asia Pacific, several governments are actively
promoting sustainable practices through regulatory frameworks and incentives.
Stringent environmental regulations are encouraging industries to embrace
recycled materials, with reclaimed rubber being a prominent choice. Governments
are fostering a conducive environment for the growth of the reclaimed rubber
market by incentivizing businesses that integrate sustainable materials into
their supply chains.
Major companies operating in Global Reclaimed
Rubber Market are:
- GRP Limited
- J. Allcock & Sons Ltd
- Rolex Reclaim Pvt. Ltd.
- Fishfa Rubbers Ltd.
- Tianyu (Shandong) Rubber & Plastic
Products Co., Ltd.
- Swani Rubber Industries
- Minar Reclaimation Private Limited
- SRI Impex Pvt. Ltd.
- SNR Reclamations Pvt. Ltd
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“Reclaimed rubber market is experiencing notable growth
in emerging economies. Countries in Asia, Africa, and Latin America are
recognizing the economic and environmental benefits of using recycled rubber
materials. The market expansion in these regions reflects a global shift
towards sustainable practices and a growing demand for reclaimed rubber. As the industry continues to evolve, these
developments pave the way for a more robust, reliable, and environmentally
conscious market. The strides made in technological advancements, specialized
products, global partnerships, and quality assurance underscore the resilience
and growth potential of the global reclaimed rubber market.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Reclaimed Rubber Market – Global Industry Size,
Share, Trends, Opportunity, & Forecast 2019-2029 Segmented By Product
(Whole Tire Reclaim Rubber, Butyl Reclaim Rubber, EPDM Reclaim Rubber, Others),
By End Use (Automotive & Aircraft Tires, Retreading, Belts & Hoses,
Footwear, Molded Rubber Goods, Others), By Region, Competition”, has evaluated
the future growth potential of Global Reclaimed Rubber Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Reclaimed Rubber Market.
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