Global Reclaimed Rubber Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type, Application, End-User, and Region

Reclaimed rubber is a material manufactured from scrap or waste rubber, through the softening and plasticizing process. Reclaiming is a process in which scrap rubber waste is converted, using mechanical and chemical processes into a state in which it can be mixed, processed, and vulcanized again. Reclaimed rubber is used in tires, inner tubes, tire lining, retreading, belting, adhesives, mastics, footwear, sheeting, matting, belting, and others.

According to this analysis, the Global Reclaimed Rubber Market was valued at ~US$ 1 billion in 2017, it is estimated to be ~US$ 2 billion in 2022 and is forecasted to reach a market size of ~US$ 4 billion opportunities by 2028 at a CAGR of ~12% during 2022-2028. Reclaimed rubber requires less energy consumption, and is cost-effective which drives the growth of the market.

Scope of the Report

The Reclaimed Rubber market is segmented by Type, Application, and End-User. In addition, the report also covers market size and forecasts for the four regions in the Reclaimed Rubber markets. The revenue used to size and forecast the market for each segment is US$ billion.

By Type

• Whole Tire Reclaimed Rubber
• Butyl Reclaimed Rubber
• EPDM Reclaimed Rubber
• Drab & Colored Reclaimed Rubber
• Others

By Application

• Tire
• Non-Tire

By End-User

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

By Geography

• North America
• USA
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Rest of Asia Pacific
• LAMEA
• Latin America
• Middle East
• Africa

Key Players

• GRP Limited
• Fishfa Rubbers Ltd
• Huxar Reclamation
• Genan Holding Limited
• Star Polymers Inc
• Enviro Systems AB
• J. Allcock & Sons Ltd
• Evonik
• S. E. Power Limited
• Swani Industries

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.

Key Trends by Market Segment

By Type: The whole tire segment held the largest market share of the global reclaimed rubber market in 2021. The automotive industry and OEMs are driving the demand for whole-tire reclaimed rubber.

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.

By End-User: The automotive and aircraft tires held the largest market in 2021, owing to the increasing demand for lower-cost tires, and awareness regarding the usage of sustainable products.

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:

• The global reclaimed rubber market is highly competitive with ~200 players which include globally diversified players, and regional players as well as a majority number of country-niche players having their niche in reclaimed rubber manufacturing and distributing to multiple end-user industries
• Country niche players held the largest market share by type. While large global players control about 10% of the market share by type. Some of the major players in the market include GRP Limited, Fishfa Rubbers Ltd., Huxar Reclamation, Genan Holding Limited, Star Polymers Inc., Enviro Systems AB, J. Allcock & Sons Ltd, Evonik, S. E. Power Limited, Swani Industries, and others

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.

Conclusion

The global reclaimed rubber market witnessed significant growth during the period 2017-2021, the rising automotive tire industry, and increasing demand for low-cost and sustainable tires are driving the growth of the reclaimed rubber market. The growth rate is expected to remain significant during the forecast period.

Though the market is highly competitive with ~200 participants, the majority of country-niche players dominate the market share by type, and global players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.

Key Topics Covered in the Report

• 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

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

• 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

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022-2028F

Frequently Asked Questions

• What is the Study Period of this Market Report?

• The Global Reclaimed Rubber Market is covered from 2017- 2028 in this report, which includes a forecast for the period 2022-2028

What is the Future Growth Rate of the Global Reclaimed Rubber Market?

• The Global Reclaimed Rubber Market is expected to witness a CAGR of ~12% over the next 6 years

What are the Key Factors Driving the Global Reclaimed Rubber Market?

• The growing automotive industry and rising demand for lower-cost tires are also propelling the growth in the reclaimed rubber market

Which is the Largest Type Segment within the Global Reclaimed Rubber Market?

• The whole tire reclaimed rubber type segment held the largest share of the Global Reclaimed Rubber Market in 2021

Who are the Key Players in the Global Reclaimed Rubber Market?

• GRP Limited, Fishfa Rubbers Ltd., Huxar Reclamation, Genan Holding Limited, Star Polymers Inc., Enviro Systems AB, J. Allcock & Sons Ltd, Evonik, S. E. Power Limited, Swani Industries.

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