North America Reclaimed Rubber Market to Grow with a CAGR of 7.52% through 2029
According to TechSci Research report, “Reclaimed
Rubber Market – North America Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029”, the North America Reclaimed Rubber
Market stood at USD 405.77 million in 2023 and is anticipated to grow with a
CAGR of 7.52% in the forecast period, 2025-2029. North America 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 North America
marketplace.
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The North America 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
Mexico's strategic location and burgeoning
manufacturing sector position it as a vital contributor to the reclaimed rubber
market in North America. The automotive, construction, and industrial sectors
in Mexico have witnessed an increased adoption of reclaimed rubber due to its
cost-effectiveness and eco-friendly nature. As Mexico continues to attract
investments in manufacturing and embraces sustainable practices, the demand for
reclaimed rubber is set to rise, solidifying its role in the regional market.
Canada's influence on the reclaimed rubber market is
characterized by a commitment to sustainable and eco-friendly practices. With a
strong emphasis on reducing waste and promoting recycling, Canadian industries
are increasingly adopting reclaimed rubber for its positive environmental
impact. This aligns with global sustainability trends and adds a layer of
eco-consciousness to the North America reclaimed rubber market.
Major companies operating in North America 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. The market expansion in these regions reflects a North
America 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, North America partnerships,
and quality assurance underscore the resilience and growth potential of the North
America reclaimed rubber market.,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
“North America Reclaimed Rubber Market 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 Opportunity, &
Forecast 2019-2029F”, has evaluated the future growth potential of North
America 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 North America Reclaimed
Rubber Market.
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