Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Reclaimed Rubber Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Market. The research
study also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and world Reclaimed Rubber Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Reclaimed
Rubber Market is offered.
Market
Insights:
In accordance with the report, the Reclaimed Rubber Market
is projected to expand at a CAGR of X.X% over the period
of forecast. The global Reclaimed Rubber
Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn
in 2031, growing with a significant CAGR rate during the forecast period. Demand
for recycled rubber for use in durable tyres and other synthetic products in
the automotive sector is expected to rise as more people become aware of the
cost-effective and environmentally friendly alternatives to virgin rubber. The
market is growing due to the high usage of footwear and cycle tyres. Growing
concerns about the environmental damage caused by dumping used rubber in
waterways, as well as increased energy efficiency, may limit market expansion.
Manufacturers may face a problem if replacements are readily available.
Automotive and aircraft dominated the application category, owing to the
market's growth being driven by cost-effective, eco-friendly, and better
substitutes for other polymers. Automobile and aeroplane tyres, footwear,
bicycle tyres, moulded rubber items, belts and hoses, and other uses all employ
reclaimed rubber. Owing
to its maintainability, lower energy consumption, and cost-effectiveness,
reclaimed rubber is widely used in current applications instead of designed
elastic. The Reclaimed Rubber Market Share Growth is fueled by an unofficial
law that encourages the use of recyclable materials to reduce natural
contamination. In terms of consumption, Asia Pacific is the most important
market. The rapidly developing automotive and aerospace industries,
particularly in China, Thailand, and India, have fueled spectacular growth in
the Asia Pacific market and will continue to do so in the future. Expanding use in autos and aeroplane tyres is
inferring a significant increase in the North American market. Growing demand
for small wide-body passenger planes, as well as a steady path due to better
versatility, are driving market growth. Furthermore, because of shifting oil
prices, the usage of recovered elastic over-engineered elastic is increasing,
which adds to the item's appeal.
Research
Methodology:
To compile
the detailed study of the global Reclaimed Rubber market, a robust research
methodology has been adopted that aids in determining the key insights and also
evaluates the growth prospects of the Reclaimed Rubber Market. Comprehensive and iterative research methodology
focused on minimizing deviance in order to provide the most accurate estimates
and forecast possible. The company utilizes a combination of bottom-up and
top-down approaches for segmenting and estimating quantitative aspects of the
market. Our research methodology implements a mix of primary as well as
secondary research. Our projects are initiated with secondary research, where
we refer to a variety of sources including trade databases; government
published documents, investor presentations, company annual reports, Industrial
papers, and paid databases. To carry out secondary research, the analysts have
collected the information through company annual reports, journals, company
press releases, and paid databases that were referred to gain and identify
better opportunities in the Reclaimed Rubber Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Reclaimed
Rubber market was affected negatively due to the shutdown of manufacturing/processing
facilities for some time. The analysts have also focused on the key measures
that the companies are opting to withstand the harsh scenario.
Segment
Covered:
Reclaimed Rubber Market report has been segmented By Product Type, By
Application Type and geography also includes the market size and forecast for
all these segments. Compounded annual growth rates for all segments have also
been provided for 2021 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Reclaimed Rubber Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2021 to 2031, for the following segments:
Reclaimed Rubber Market, By
Product type, 2021-2031 (USD Million)
·
Whole Tire
Reclaim (WTR)
·
Butyl Reclaim
·
Ethylene
Propylene Diene Monomer (EPDM)
·
Drab &
Colored
·
Others
Reclaimed Rubber Market, By
Application Type, 2021-2031 (USD Million)
·
Automotive
& Aircraft Tires
·
Cycle Tires
·
Belts &
Hoses
·
Footwear
·
Molded Rubber
Goods
·
Others
Report
Highlights:
The prime objective of the Reclaimed Rubber market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Reclaimed Rubber
Market, By Region, 2021-2031 (USD Million)
·
North America ( United
States, Canada, Mexico)
·
Europe (Germany, UK,
France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia ( India,
Pakistan and Bangladesh)
·
East Asia (China,
Japan and South Korea)
·
South East Asia (Indonesia,
Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East (Turkey,
Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa (Nigeria,
South Africa, Egypt, Algeria, Rest of Africa)
·
South America (Brazil,
Argentina, Colombia, Chile, and Rest of SA)
·
Oceania (Australia
and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Reclaimed
Rubber market:
·
GRP (Gujarat Reclaim
& Rubber Product Ltd.)
·
J. Allcock
& Sons, Rolex Reclaim Pvt. Ltd.
·
Sun Exims
(India) Pvt. Ltd.
·
Huxar
Reclamation
·
Star Polymers
·
Genan
·
Titan
International Ltd.
·
Balaji Rubber
Reclaim
·
Swani Rubber
Industries
·
Michelin
·
Others
Reclaimed
Rubber Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
