The global reclaimed rubber market is expected to reach a market valuation of US$ 1.24 billion by 2023, accelerating with a CAGR of 11.3% from 2023 to 2033. The market is anticipated to be valued at about US$ 3.64 billion by 2033.
Drivers in the Reclaimed Rubber Industry:
Challenges for Companies in the Reclaimed Rubber Industry:
Investment Opportunities in the Reclaimed Rubber Industry:
Latest Trends in the Reclaimed Rubber Industry:
The increase in demand for repurposed rubber from several end-use industries like the production of automotive and aircraft tires, footwear, belts and hoses, molded rubber goods, and retreading in recent years has been fueled by favorable regulations adopted by governments around the world to encourage sustainable materials as an alternative to traditional virgin rubber. In the upcoming years, market demand for reclaimed rubber is anticipated to increase due to the accessibility of discarded tires and the affordability of reclaimed rubber.
Attributes | Value |
---|---|
Reclaimed Rubber Market Share (2023) | US$ 1.24 billion |
Reclaimed Rubber Market Projected Size (2033) | US$ 3.64 billion |
Reclaimed Rubber Market Growth (CAGR 2023 to 2033) | 11.3% |
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The fabrication of car tires makes extensive use of recycled rubber. Repurposed rubber is used in the automobile industry to make hoses, gaskets, seals, and tire inner liners. To increase its resistance to chemicals and aging, recycled rubber is also used to manufacture pharmaceutical goods and footwear, including stoppers, shoe soles, heels, liners, and rubber items. Other uses for recycled rubber include conveyor belts, safety gear, and tank wall cladding.
Utilizing reused rubber has benefits, including increased heat resistance, cure flexibility, improved cure rate, better impermeability, and superior adhering properties. Timely use of recycled rubber also gives car tires stable inflation pressure, a long life span, and heat stability. Such elements are anticipated to fuel the demand for reclaimed rubber in several industries.
In the approaching years, industry participants may anticipate benefiting from a wide range of development prospects due to the shifting pattern for rubber recovery to increase its sustainability. Additionally, during the projection period 2023 to 2033, the market participants would benefit from growing consumer awareness of the affordable and environmentally favorable alternatives to virgin rubber.
With its low cost and accessibility, reclaimed rubber is also frequently sought by manufacturers for its decreased thermal plasticity and lower power consumption rates. Compared to synthetic rubber, reclaimed rubber allows simpler treatment during the breakdown stage. The demand for whole tire reclaim (WTR), which is rising, is another notable development in the global recovered rubber industry that will contribute to the future expansion of the market opportunities.
The variable cost of raw materials (crude materials) might impede market expansion. For instance, the crude oil price uncertainty has recently increased, according to BP's Statistical Review of World Energy. The growth in demand for reclaimed rubber is expected to be challenged by the variability in raw material costs.
Additionally, the rising worries about the harm that used rubber disposal in waterways are causing to the environment may restrain market expansion. Further, Adaptive processing is expected to result in unforeseen natural compound (VOC) contamination restrictions that can hinder the expansion of the market for recycled rubber.
As per the new research report on sales of reclaimed rubber, the market's largest product type segment is figured out to be WTR. Moreover, due to its attributes like excellent ozone resistance and enhanced speed extrusion, EPDM is also anticipated to significantly expand during the forecast years.
Using recycled rubber in conjunction with natural rubber to create various end products has also significantly increased in popularity. Reclaim rubber with natural reinforcement has a very good structure, elastic modulus, curative, viscoelastic, and thermal characteristics. The main goal of creating such a mix is to generate an acceptable composite at a reasonable cost.
With significant income production over the past several years, automobile and aircraft tires are one of the reclaimed rubber industries' fastest-expanding end-use segments. The rising demand for original equipment manufacturer (OEM) tires from the Asia Pacific area is responsible for the growing sales of reclaimed rubber in the automobile and aircraft tire sectors. Due to the high-end demand for shoe soles, heels, and liners, the footwear market has also experienced significant development.
The demand for airplane tires has hiked throughout the expanding global logistics industry, and increased passenger travel after the regional and national visa requirements are easing. Under the scrutiny of airworthiness regulators like the EASA and FAA, tire firms like Dunlop Tires provide tire retreading services to aviation industries. Thus, it is anticipated that the segment would benefit from the expanding aviation sector and the high price of replacing aircraft tires.
The Asia Pacific region is the dominant region for the said market, with almost 35% of the global revenue share.
Due to their enormous rubber tire manufacturing units, Asian nations, including China, Indonesia, Vietnam, Thailand, India, and Japan, are anticipated to become the main growing markets for reclaimed rubber during the forecast period. Additionally, due to rising sales of personal vehicles and technology transfer into the industry, China and India have recently seen a rapid increase in automotive production. This development is anticipated to boost demand for rubber tires and positively impact the market trends as well.
Due to several projects like the BlackCycle project launched in Western European countries, the sales of reclaimed rubber in Europe are predicted to expand throughout the projected period. The BlackCycle project is financially backed by the European Union's Horizon 2020 program and was initiated in May 2020. It aims to establish and optimize a full value chain of reclaimed rubber from end-of-life feedstocks like tire waste to second-generation raw materials (SRM). It would be further employed to create a new line of tires for commercial vehicles and passenger cars to sell profitably in the European and international markets.
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Several market participants have worked with chemical producers to create new goods from recycled tires. For instance, many aviation corporations have agreements with tire manufacturing firms to replace tires as needed rather than buying them themselves. Given the high cost of aircraft tires, retreading is a popular activity and is predicted to be the most lucrative segment for the market players.
How is the Start-up Ecosystem in the Global Reclaimed Rubber Industry?
Particularly in developing countries, the industry is characterized by numerous small-scale industrial producers with outdated manufacturing techniques and constrained capacity. This has given new industry players with superior processing techniques a strategic advantage.
Recent Developments in Global Reclaimed Rubber Industry
The market is estimated to secure a valuation of US$ 1.24 billion in 2023.
The market is estimated to reach US$ 3.64 billion by 2033.
The rubber industry holds high revenue potential.
China, Indonesia and the United Kingdom dominate the global market.
The market is forecast to register a CAGR of 11.3% through 2033.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Machine Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Machine Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Machine Type, 2023 to 2033 5.3.1. Whole Tire Reclaim Rubber 5.3.2. Butyl Reclaim Rubber 5.3.3. EPDM Reclaimed Rubber 5.3.4. Others 5.4. Y-o-Y Growth Trend Analysis By Machine Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Machine Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-use, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End-use, 2023 to 2033 6.3.1. Automotive & Aircraft Tires 6.3.2. Re-treading 6.3.3. Belts & Hoses 6.3.4. Footwear 6.3.5. Moulded Rubber Goods 6.3.6. Others 6.4. Y-o-Y Growth Trend Analysis By End-use, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By End-use, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Machine Type 8.2.3. By End-use 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Machine Type 8.3.3. By End-use 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Machine Type 9.2.3. By End-use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Machine Type 9.3.3. By End-use 9.4. Key Takeaways 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Machine Type 10.2.3. By End-use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Machine Type 10.3.3. By End-use 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Machine Type 11.2.3. By End-use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Machine Type 11.3.3. By End-use 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Machine Type 12.2.3. By End-use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Machine Type 12.3.3. By End-use 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Machine Type 13.2.3. By End-use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Machine Type 13.3.3. By End-use 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Machine Type 14.2.3. By End-use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Machine Type 14.3.3. By End-use 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Machine Type 15.1.2.2. By End-use 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Machine Type 15.2.2.2. By End-use 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Machine Type 15.3.2.2. By End-use 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Machine Type 15.4.2.2. By End-use 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Machine Type 15.5.2.2. By End-use 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Machine Type 15.6.2.2. By End-use 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Machine Type 15.7.2.2. By End-use 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Machine Type 15.8.2.2. By End-use 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Machine Type 15.9.2.2. By End-use 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Machine Type 15.10.2.2. By End-use 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Machine Type 15.11.2.2. By End-use 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Machine Type 15.12.2.2. By End-use 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Machine Type 15.13.2.2. By End-use 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Machine Type 15.14.2.2. By End-use 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Machine Type 15.15.2.2. By End-use 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Machine Type 15.16.2.2. By End-use 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Machine Type 15.17.2.2. By End-use 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Machine Type 15.18.2.2. By End-use 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Machine Type 15.19.2.2. By End-use 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Machine Type 15.20.2.2. By End-use 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2022 15.21.2.1. By Machine Type 15.21.2.2. By End-use 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2022 15.22.2.1. By Machine Type 15.22.2.2. By End-use 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2022 15.23.2.1. By Machine Type 15.23.2.2. By End-use 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Machine Type 16.3.3. By End-use 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. GRP Ltd 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. J. Allcock & Sons Ltd 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Rolex Reclaim PVT. Ltd. 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Fishfa Rubbers Ltd. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. HUXAR 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Tianyu (Shandong) Rubber & Plastic Products Co., Ltd. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Swani Rubber Industries 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Minar Reclamation Private Limited 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. SRI Impex PVT. Ltd. 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. SNR Reclamations PVT. Ltd. 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. High Tech Reclaim PVT. Ltd. 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 17.1.12. Balaji Rubber Industries (P) Ltd. 17.1.12.1. Overview 17.1.12.2. Product Portfolio 17.1.12.3. Profitability by Market Segments 17.1.12.4. Sales Footprint 17.1.12.5. Strategy Overview 17.1.12.5.1. Marketing Strategy 17.1.12.5.2. Product Strategy 17.1.12.5.3. Channel Strategy 17.1.13. Star Polymers Inc. 17.1.13.1. Overview 17.1.13.2. Product Portfolio 17.1.13.3. Profitability by Market Segments 17.1.13.4. Sales Footprint 17.1.13.5. Strategy Overview 17.1.13.5.1. Marketing Strategy 17.1.13.5.2. Product Strategy 17.1.13.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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