New York, NY 12 Nov 2019 : The global 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.
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.
The sample for the
study can be requested using the following link: https://www.polarismarketresearch.com/industry-analysis/reclaimed-rubber-market/request-for-sample
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.
Moreover, favorable regulations concerning recycling,
sustainability, and substitution for synthetic and natural rubber has resulted
in the increased demand. Rising consumer preference regarding materials with
lesser environmental impact and lower processing costs is further likely to
strengthen the reclaimed rubber market growth. Footwear, automotive &
aerospace tires,and other molded rubber goods manufacturers have been using the
blends of reclaimed rubber at large scale.
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.
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on this market study @ https://www.polarismarketresearch.com/industry-analysis/reclaimed-rubber-market/request-for-discount-pricing
Asia Pacific is the largest regional market for the reclaimed
rubber industry. The growth in the region is primarily due to the rapidly
growing industrial manufacturing activities of the developing nations such as
China, India, and the Southeast Asian countries. In addition to this, developed
countries are likely to witness growth at below-average rates in comparison to
the other regions across the globe. Europe and North America are also expected
to witness considerable growth during the forecast period due to utilization of
reclaimed rubber in large and rapidly growing automotive industry.
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.
About Polaris Market Research
Polaris Market Research is a global market research and consulting
company. The company specializes in providing exceptional market intelligence
and in-depth business research services for our clientele spread across
different enterprises. We at Polaris are obliged to serve our diverse customer
base present across the industries of healthcare, technology, semi-conductors
and chemicals among various other industries present around the world
Contact us
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
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