The reclaimed rubber market size is estimated to reach USD 6.53 billion by 2026 growing at a CAGR of 12.03% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Reclaimed Rubber Market, [By Product (WTR, Butyl Reclaim, EPDM, Drab & Colored), By Application (Automotive & Aircraft Tires, Cycle Tires, Retreading, Belts & Hoses, Footwear, Molded Rubber Goods), By Regions, Segments & Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, WTR segment dominated the market, in terms of revenue. In 2018, North America accounted for the majority share in the global market.7

The global reclaimed rubber market is primarily driven by the expanding automotive & aerospace industries. Rising natural rubber prices have also forced automobile manufacturers to shift towards products with lower processing costs and recyclable products or rubber blends. The industry is extensively driven by the demand of reclaimed rubber in tire industry.

Construction has also witnessed significant consumption of reclaimed rubber in flat roof covering on account of weather & heat resistance properties. Growing demand from the residential application and various industries for floor matting is further anticipated to strengthen the demand. Increase in the utilization for electronics, packaging, and other industrial applications due to good aging and fast processing has positively influenced the demand of reclaimed rubber.

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Whole Tire Reclaim (WTR) is anticipated to be the fastest growing type of reclaimed rubber. This is due to lower processing costs coupled with reduced environmental impacts and properties such as high durability and versatility. However, their growth is also expected to be constrained by the emergence of new elastomer-based products. Reclaimed rubber types such as EPDM have increasing replaced traditional natural rubber in consumer moulded goods and automobile tires.

The global reclaimed rubber market is highly competitive and moderately fragmented. It is also characterized by numerous small-scale industrial producers. Some of the key reclaimed rubber market players include Rolex Reclaim Pvt. Ltd., J. Allcock & Sons, Sun Exims (India) Pvt. Ltd., Star Polymers, GRP (Gujarat Reclaim & Rubber Product Ltd.), Genan, Huxar Reclamation, Titan International Ltd., Swani Rubber Industries, and Balaji Rubber Reclaim.

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Reclaimed Rubber Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)

WTR
Butyl Reclaim
EPDM
Drab & Coloured
Others
Reclaimed Rubber Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)

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