Market
Overview
Reclaimed
rubber is manufactured by recycling natural and butyl rubber tubes. It is
categorized into whole tire reclaim (WTR), butyl reclaims, ethylene propylene
diene monomer (EPDM), and others. WTR is produced using natural tubes and is
the most widely used rubber due to its suitability for a variety of natural
products. It is increasingly used in the manufacturing of tread tires, conveyor
belts, hot melt adhesive, automotive components, and footwear because of less
power consumption, high durability, and vulcanizing properties.
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The automotive industry largely consumes EPDM
for door & window stripping and car seats. Reclaimed rubber is used in tire
and non-tire applications. In tire applications, the product is majorly used in
the tire treads and retreads due to reducing shrinkage and good aging. Growing
automotive and aerospace industries are driving the market growth for tire
manufacturing. In non-tire applications, the product use is largely used in
footwear and matting owing to changing trends and increased spending by the
consumers.
Competitive
Analysis
Some
of the prominent players in the global Reclaimed Rubber Industry are Fishfa Rubbers Ltd (Gujarat),
GRP LTD (Mumbai), Rolex Reclaim Pvt. Ltd. (Gujarat), Sun Exim (India), Swani Rubber
Industries (India), HUXAR (India), Minar Reclamation Pvt. Ltd. (India), Miracle
Rubbers (India), Genan (Denmark), MICHELIN (France), Revlon Rubbers Private
Limited (India), and High Tech Reclaim Pvt. Ltd.(India).
Market
Segmentation
The
global Reclaimed Rubber Industry is segmented based on type,
applications, and region.
On
the basis of the type, the Reclaimed Rubber
Industry is divided into the whole tire reclaim (WTR), butyl reclaims,
ethylene propylene diene monomer (EPDM), drab & colored, and others.
Based
on the application, the global Reclaimed Rubber
Industry is segmented into tire and non-tire.
The
tire application is further segmented into inner liner, inner tubes, tire
sidewalls, tire plies, and tire treads & retreads.
The
non-tire application is further segmented into conveyor belts, molded goods,
adhesives, footwear, matting, profiles, and roofing.
Geographically,
the market is divided into five key regions namely Asia Pacific, North America,
Europe, Latin America, and the Middle East & Africa.
Regional
Analysis
Asia
Pacific is the leading region in the Reclaimed Rubber Industry as a result of increasing production
of automobiles coupled with growing population and improving living standard.
The rise in the production of hybrid and electric cars is driving the market
growth further.
North
America and Europe are growing substantially owing to rising innovations in the
manufacturing of aircraft and automobiles. This is concerning the recycling
standards and regulatory intervention by the governments to reduce landfill and
environment pollution.
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