The Report Reclaimed Rubber Market Analysis By Product (WTR, Butyl Reclaim,
EPDM, Drab & Colored), By Application (Automotive & Aircraft Tires,
Cycle Tires, Retreading, Belts & Hoses, Footwear, Molded Rubber Goods), And
Segment Forecasts, 2018 – 2025
The global reclaimed rubber market is expected to
reach USD 6.32 billion by 2025, according to a new report by Grand View
Research, Inc. Favorable regulations promoting sustainable and eco-friendly
materials as substitutes for conventional virgin rubber is driving product
demand in several end-use industries.
Increasing consumer
awareness regarding environment-friendly materials with lower processing costs
& enhanced properties are driving product consumption. Automotive &
cycle tires, footwear, and other molded rubber goods manufacturers have
realized the benefits of recycled & regenerated rubber in these
applications.
Increasing natural
rubber prices, growing environmental concerns on account of waste rubber
disposal in rivers, and higher energy efficiency are other key factors driving
reclaimed rubber demand across the globe.
Burgeoning demand for
whole tire reclaim (WTR) is anticipated to drive segment volume demand by 42%
by 2025.Owing to its versatility, durability, reduced pollution and low
processing costs, WTR is expected to witness growth over the forecast period.
However, the emergence of innovative elastomer-based products has restricted
the full growth potential of this segment.
Access Research Report of Reclaimed
Rubber Market @ www.grandviewresearch.com/industry-analysis/reclaimed-rubber-market
Further key findings from the reportsuggest:
· The global reclaim rubber market demand was
over 2,900 kilo tons in 2015 and is expected to grow at an estimated CAGR of
10.3% from 2016 to 2025
· Butyl reclaim occupied a significant
portion of the market with over 19% of volume share in 2015
· EPDM is anticipated to emerge as the
fastest-growing product owing to technological advancements that have
contributed largely to improved product properties and greater sustainability
· Automotive & aircraft tires emerged as
the leading & fastest-growing application with 11.1% CAGR. Growing
awareness regarding cost-effective and eco-friendly alternatives for virgin
rubber is likely to boost reclaim demand for the production of durable tires
and other synthetic products in automotive sector.
· Expansion of the global footwear industry
has also contributed to growth in the reclaim footwear market, with high
consumption in heels, soles and inner linings
· Asia Pacific dominated the global reclaim
rubber industry owing to huge domestic market, availability of cheap and
skilled workforce and rapid industrial development
· Favorable government regulations promoting
recycling efforts & sustainable materials is expected to drive consumption
in countries such as Argentina, Brazil and even Venezuela
Grand View Research has
segmented the global reclaimed rubber market on the basis of product,
application, and region:
Reclaimed Rubber Product Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Whole Tire Reclaim (WTR)
·
Butyl Reclaim
·
EPDM
·
Drab & Colored
·
Others
Reclaimed Rubber Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Automotive & Aircraft Tires
·
Cycle Tires
·
Retreading
·
Belts & Hoses
·
Footwear
·
Molded Rubber Goods
·
Others
Reclaim Rubber Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East and Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
No comments:
Post a Comment