Global Reclaimed Rubber Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type (Whole Tire Reclaimed Rubber, Butyl Reclaimed Rubber, EPDM Reclaimed Rubber, and Drab & Colored Reclaimed Rubber), Application (Tire, and Non-Tire), End-User (Automotive & Aircraft Tires, Retreading, Belts & Hoses, Footwear, and Molded Rubber Goods), and Region (North America, Europe, Asia Pacific, and Latin America Middle East, and Africa (LAMEA))
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About the Report
About the Report
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- The increasing demand for tires and tubes in the automotive industry is driving the global reclaimed rubber market. According to the International Organization of Motor Vehicle Manufacturers (OICA), an organization working in the interest of vehicle manufacturers and assemblers stated that vehicle production increased by 3% from 2020 to 2021 after declining by 13% from 2019 to 2020. Thus, the increasing production of motor vehicles is driving the demand for tires, which is likely to act as a driver for the reclaimed rubber market.
- Devocalization or depolymerization of waste rubber will likely result in the degradation of the physical properties of rubber. Devocalization is a process through which vulcanized waste rubber is transformed into the state in which it can be vulcanized, after mixing and processing. Degradation of rubber can range up to 30 to 70% from the virgin state. A higher level of application such as tires from waste rubber is limited to use after the degradation of a material.
- COVID-19 has decelerated the growth of the reclaimed rubber market. This is because of the temporary shutdown of assembly lines, disruption of the supply chain, and decline in vehicle sales numbers. But as the market is recovering and restrictions are easing down, it is estimated that the Reclaimed Rubber market will recover shortly. According to the International Organization of Motor Vehicle Manufacturers (OICA), stated that Europe vehicle production declined by 24% from 2019 to 2021, and American vehicle production declined by 20% from 2019 to 2021. The decrease in the demand for vehicles during COVID-19 impacted the sales of automotive tires, which significantly impacted the reclaimed rubber market.
- The whole tire reclaimed rubber is manufactured from the end-of-life tire and the tread’s peeling. This reclaimed rubber is used in auto tires, conveyor belts, rubber sheets, rubber molded goods, and transmission belts.
- The demand for whole-tire reclaimed rubber is rising because of its high versatility, durability, lower processing cost, and lesser impact on the environment.
By Application: The tire segment accounted for the largest market share in 2021, owing to the rising demand from the automotive and aerospace tire industry.
- Tire usages are inner liners, inner tubes, tire sidewalls, tire piles, tire tread, and retreads. The demand for tires is rising due to a shift in the trend toward eco-friendly and sustainable materials.
- Furthermore, the easy availability of wasted and disposed tires along with lower reclaim rubber costs, propel the demand for the tire segment.
- Aircraft tires are built from conductive elastomer, which contains natural rubber, and are subject to extreme conditions. On the other hand, automotive tires are available in a variety of applications by multiple tire companies.
- Rising rubber costs, soaring environmental concerns caused by dumping used rubber in rivers, and increased energy efficiency, are all those factors that are driving the automotive and aircraft tire segment.
By Geography: Asia Pacific accounted for the largest market share within the global reclaimed rubber market in 2021, owing to the emerging automotive industry, and houses most of the reclaimed rubber companies.
- According to the International Trade Association (ITA), a USA agency that promotes trade and investment. China continues to be the world’s largest vehicle market by both annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025.
- The International Organization of Motor Vehicle Manufacturers (OICA), stated that Asia region vehicle production increased by 4,67,73,2785 in 2021 from 4,42,76,549 in 2020. Hence, the rising automotive industry is likely to boost the growth of the reclaimed rubber market.
Competitive Landscape:
Recent Developments Related to Major Players
- BlackCycle project funded by Horizon 2020, officially launched in May 2020. The project aims to enable a massive circular economy of tires. The project will design world-first processes to make new tires from end-of-life tires.
- In January 2020, Goodyear and Rubber-Cal announced a partnership with the launch of a new line of rubber flooring & mats. New flooring products are manufactured from 100% recycled rubber materials.
- Snapshot of Global Reclaimed Rubber Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Reclaimed Rubber Market
- Historic Growth of the Overall Global Reclaimed Rubber Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Reclaimed Rubber Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Reclaimed Rubber Market
- Future Market Forecast and Growth Rates of the Total Global Reclaimed Rubber Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Reclaimed Rubber Market
- Major Production/Supply and Consumption/Demand Hubs in Each Major Region
- Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Continent
- Tianyu (Shandong) Rubber & Plastic Products Co., Ltd
- BIG ATOM Limited
- G3C Technologies Corporation
- Carbon Recovery GmbH
- Rubber Conversion srl
- Reclaimed Rubber Manufacturing Companies
- Reclaimed Rubber Distributors and Traders
- Reclaimed Rubber Material Supplier Companies
- Potential Investors in Reclaimed Rubber Companies
- Scrap and Disposed Materials Dealers
- Component Manufacturers and Dealers
- Rubber Product Manufacturers
- Tire Manufacturers
- Tire Wholesalers and Retailers
- Consulting Companies in Rubber Market
- Government And Research Organizations Working in Rubber and Chemical Market
- Investment Banks Targeting Rubber and Chemical Market
- Historical Period: 2017-2021
- Forecast Period: 2022-2028F
- What is the Study Period of this Market Report?
- What is the Future Growth Rate of the Global Reclaimed Rubber Market?
- What are the Key Factors Driving the Global Reclaimed Rubber Market?
- Which is the Largest Type Segment within the Global Reclaimed Rubber Market?
- Who are the Key Players in the Global Reclaimed Rubber Market?
Products
Companies
Notable Emerging Companies Mentioned in the Report
- Tianyu (Shandong) Rubber & Plastic Products Co., Ltd
- BIG ATOM Limited
- G3C Technologies Corporation
- Carbon Recovery GmbH
- Rubber Conversion srl
Table of Contents
Table of Contents
- 1. Executive Summary
1.1 Highlights of Global Reclaimed Rubber Market Historic Growth & Forecast
1.2 Highlights of Market Trends, Challenges, and Competition
1.3 Highlights of Market Revenue Share by Segments
- 2. Market Overview and Key Trends Impacting Growth
2.1 Global Reclaimed Rubber Market Taxonomy
2.2 Industry Value Chain
2.3 The Ecosystem of Major Entities in the Global Reclaimed Rubber Market
2.4 Government Regulations & Developments
2.5 Key Growth Drivers & Challenges Impacting the Market
2.6 COVID-19 Impact on Global Reclaimed Rubber Market
2.7 Total Global Reclaimed Rubber Market Historic Growth by Segment Type, 2017-2021
2.7.1 By Type
2.7.2 By Application
2.7.3 By End User
2.7.4 By Major Region
2.8 Total Global Reclaimed Rubber Market Historic & Forecast Growth, 2017-2028
2.9 Key Takeaways
- 3. Total Global- Market Segmentation by Type, Historic Growth, Outlook & Forecasts
3.1 Market Definition - Segmentation by Type
3.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Type, 2017-2028
3.2.1 Whole Tire Reclaimed Rubber
3.2.2 Butyl Reclaimed Rubber
3.2.3 EPDM Reclaimed Rubber
3.2.4 Drab & Colored Reclaimed Rubber
3.2.5 Others
3.3 Key Takeaways from Market Segmentation by Type
- 4. Total Global- Market Segmentation by Application, Historic Growth, Outlook & Forecasts
4.1 Market Definition - Segmentation by Application
4.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
4.2.1 Tire
4.2.2 Non-Tire
4.3 Key Takeaways from Market Segmentation by Application
- 5. Total Global- Market Segmentation by End Users, Historic Growth, Outlook & Forecasts
5.1 Market Definition - Segmentation by End Users
5.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by End Users, 2017-2028
5.2.1 Automotive & Aircraft Tires
5.2.2 Retreading
5.2.3 Belts & Hoses
5.2.4 Footwear
5.2.5 Molded Rubber Goods
5.2.6 Others
5.3 Key Takeaways from Market Segmentation by End Users
- 6. Industry / Competition Analysis - Competitive Landscape
6.1 Types of Players (Competitors) & Share of Competition
6.2 Porter’s 5 Forces Analysis of Global Reclaimed Rubber Competitors
6.3 Key Developments in the Global Reclaimed Rubber Sector Impacting Market Growth
6.4 Comparison of Leading Competitors within the Global Reclaimed Rubber Market, 2021
6.5 Comparison of Leading Competitors within the Global Reclaimed Rubber Market by Coverage of Type, 2021
6.6 Comparison of Leading Competitors within the Global Reclaimed Rubber Market by Coverage of Application, 2021
6.7 Comparison of Leading Competitors within the Global Reclaimed Rubber Market by Coverage of End User, 2021
6.8 Comparison of Leading Competitors within the Global Reclaimed Rubber Market by Coverage of Regions, 2021
6.9 Key Takeaways from Competitive Landscape
- 7. Key Competitor Profiles (Company Overview, Type Offerings, and Strengths & Weaknesses of Key Competitors)
7.1 GRP Limited
7.2 Fishfa Rubbers Ltd.
7.3 Huxar Reclamation
7.4 Genan Holding Limited
7.5 Star Polymers Inc.
7.6 Enviro Systems AB
7.7 J. Allcock & Sons Ltd
7.8 Evonik
7.9 S. E. Power Limited
7.10 Swani Industries
- 8. Geographic Analysis & Major Countries Market Historic Growth, Outlook, and Forecasts
8.1 Major Countries Comparison of Macroeconomic Factors
8.2 Total Global- Market Revenue Share, Historic Growth, Outlook and Forecasts by Geography, 2017-2028
8.3 Major Region Market Analysis, Historic Growth, Outlook & Forecasts
8.4 North America – Reclaimed Rubber Market Analysis
8.4.1 Major Production and Consumption Hubs in North America
8.4.2 Notable Emerging Reclaimed Rubber Companies in North America
8.4.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Type, 2017-2028
8.4.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.4.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by End User, 2017-2028
8.4.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
- USA
- Canada
- Mexico
8.5 Asia Pacific – Reclaimed Rubber Market Analysis
8.5.1 Major Production and Consumption Hubs in the Asia Pacific
8.5.2 Notable Emerging Reclaimed Rubber Companies in the Asia Pacific
8.5.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Type, 2017-2028
8.5.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.5.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by End User, 2017-2028
8.5.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
8.6 Europe – Reclaimed Rubber Market Analysis
8.6.1 Major Production and Consumption Hubs in Europe
8.6.2 Notable Emerging Reclaimed Rubber Companies in Europe
8.6.3 Market Revenue Share, Historic Growth, Outlook and Forecasts by Type, 2017-2028
8.6.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.6.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by End User, 2017-2028
8.6.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
8.7 LAMEA – Reclaimed Rubber Market Analysis
8.7.1 Major Production and Consumption Hubs in LAMEA
8.7.2 Notable Emerging Reclaimed Rubber Companies in LAMEA
8.7.3 Market Revenue Share, Historic Growth, Outlook and Forecasts by Type, 2017-2028
8.7.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.7.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by End User, 2017-2028
8.7.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Sub-Regions, 2017-2028
- Latin America
- The Middle East
- Africa
- 9. Industry Expert’s Opinions/Perspectives
9.1 Notable Statements/Quotes from Industry Experts and C-Level Executives on the Current Status and Future Outlook of the Market
- 10. Analyst Recommendation
10.1 Analyst Recommendations on Identified Major Opportunities and Potential Strategies to Gain from Opportunities
- 11. Appendix
11.1 Research Methodology - Market Size Estimation, Forecast, and Sanity Check Approach
11.2 Sample Discussion Guide
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