The global reclaimed rubber market size was US$ 1,231.5 million in 2021. The global reclaimed rubber market size is forecast to reach US$ 3,049.5 million by 2030, growing at a compound annual growth rate (CAGR) of 10.6% during the forecast period from 2022 to 2030.
Natural and synthetic rubber are swapped out for reclaimed rubber. Recover rubber from a full tire's scraps, including the tread peelings and natural rubber tubes used in a variety of tires and rubber-related products. The most popular way of employing fractional recycling and scrap rubber is reclamation or recycling. The thermal-oxidative or turgid vulcanized rubber breakdown is the most widely used reclamation principle currently in use. Tires for cars and planes, shoes, bicycle tires, molded rubber items, belts and hoses, and retreading are just a few things that employ recycled rubber.
Factors Influencing Market Growth
The promising rules implemented by governments across the globe to encourage sustainable materials and increasing demand for reclaimed rubber from end-use sectors drive the global market.
The rising consumer awareness about the cost-effective and eco-friendly options for virgin rubber is forecast to offer lucrative opportunities for the global market.
The unstable raw material prices may slow down the overall market growth.
The rising demand for whole tire reclaims (WTR) boosts the global market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading, which declined the sales of reclaimed rubber.
However, As COVID-19 cases decreased, the government removed restrictions, which is likely to boost the market growth. The market is predicted to grow at the same rate as it did prior to the pandemic due to the continued suspension and cancellation of activities.
The Asia Pacific region garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the rising growth in the aerospace and automotive sector, especially in China, India, and Thailand. In addition, change in the production bases of major recyclers in the emerging nations of Asia Pacific. Thus, these factors drive the market growth in the region.
The leading prominent companies profiled in the global reclaimed rubber market are:
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.
High Tech Reclaim Pvt. Ltd.
Balaji Rubber Industries (P) Ltd.
Star Polymers Inc.
Other Prominent Players
Scope of the Report
The global reclaimed rubber market segmentation focuses on Product, End-User, and Region.
Segmentation based on Product
Whole Tire Reclaim Rubber
Butyl Reclaim Rubber
EPDM Reclaimed Rubber
Segmentation based on End-User
Automotive & Aircraft Tires
Belts & Hoses
Molded Rubber Goods
Segmentation based on Region
Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America
Meta Title: Reclaimed Rubber Market Size, Share, Insight and Forecast 2022 to 2030
Meta Description: Global Reclaimed Rubber Market is projected to reach US$ 3,049.5 million by the end of 2030 from US$ 1,231.5 million in 2021, at a CAGR of 10.6%
Meta Keywords: reclaimed rubber market Size, reclaimed rubber market share, reclaimed rubber market trend, reclaimed rubber market Forecast, reclaimed rubber market insight