Report Summary:
In 2021, the market for recycled rubber was estimated to be worth USD 2.05 billion. From 2021 to 2028, it is expected to expand at a CAGR of 10.5%. The increase in demand for reclaimed rubber from end-use industries like the production of automotive and aircraft tyres, footwear, belts and hoses, moulded rubber goods, and retreading in recent years has been fueled by favourable regulations adopted by governments around the world to promote sustainable materials as an alternative to traditional virgin rubber.
Since replacing tyres is expensive, tyre retreading offers commercial vehicle owners a practical and cost-effective alternative. This is why tyre retreading is frequently seen in heavy-duty commercial vehicles. The need for recycled rubber in the tyre retreading sector is anticipated to be driven by the U.S.’s expanding automotive sector.
The EPA and the Mexican government together implemented the U.S.-Mexico Border 2020 Program, which included objectives to lessen and prevent soil contamination through improved waste management. The effort aims to lessen garbage that is disposed, including scrap tyres mixed with other items. Such activities are anticipated to encourage tyre recycling and have a favourable impact on the market’s expansion.
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Product Information
Tire tread peelings and old tyres are used to create whole tyre recycled rubber. Better elongation and tensile strength, good abrasion resistance, tear resistance, a long shelf life, and energy efficiency when mixing are all features of the product. It can be used to create tyre sidewalls, tyre heaps, and tyre treads and retreads thanks to the aforementioned qualities.
End-use Perspectives
Extreme circumstances are put on the conductive elastomer, which is comprised of natural rubber and used to make aircraft tyres. To absorb more of the impact of landing and support the natural rubber, they are strengthened with durable and flexible materials like Kevlar. Natural rubber may adhere to other materials because of its superior abrasion resistance, tear resistance, and green strength & tack.
Regional Perspectives
Due to their enormous rubber tyre production, Asian nations like China, Indonesia, Vietnam, Thailand, India, and Japan are anticipated to become the main growing markets for recovered rubber. Additionally, due to rising middle-class disposable income and technology transfer into the industry, China and India have recently seen a rapid increase in automotive production. This development is anticipated to boost demand for rubber tyres and have a positive impact on the reclaimed rubber market.
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Key Organizations & Market Share Information
Particularly in developing countries, the industry is characterised by the presence of numerous small-scale industrial producers with outdated production technologies and constrained capacity. This has given new industry participants with superior processing technologies a significant competitive advantage. Some of the major companies in the international market for recycled rubber are:
- 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
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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