Global Reclaimed Rubber Market – Trends, Drivers, Challenges, and Vendor Analysis| Technavio

By , in PR PR Sci/Tech on .

LONDON–()–The global reclaimed rubber market is expected to grow at a CAGR of above 10% during the period 2017-2021, according to a new market research study by Technavio.

The report categorizes the global reclaimed rubber market by product type (WTR, Butyl reclaim, EPDM, and drab and colored) and by application (tire and non-tire). The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, EMEA, and the Americas.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Market driver: increasing demand for reclaimed rubber in APAC

In the global reclaimed rubber market, APAC accounted for the largest market share in 2016. Due to the rapid advancements in manufacturing technology and high demand for rubber from various industries in Indonesia, India, Vietnam, Thailand, and China, it is anticipated to be the fastest growing market during the forecast period. In countries such as China, Thailand, and India, the automotive and aerospace industries are expanding and is likely to drive the demand for reclaimed rubber during the forecast period.

According to Hitesh Bhatia, a lead analyst at Technavio for plastics, polymers, and elastomers, “Export of rubber from APAC to the US, Canada, and Europe has increased due to the stringent regulations implied in these countries to prevent environmental hazards caused by wastes from reclaimed rubber manufacturing. The increasing demand for tires is encouraging the growth of the reclaimed rubber market in APAC.”

Looking for more information on this market? Request a free sample report

Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Market trend: increase in R&D activities

A significant amount of investment is being made in R&D by major players in the global reclaimed rubber market to reduce the operation cost for manufacturing the rubber. One of the major trends in the global reclaimed rubber market is the increase in rubber quality as this results in enhanced efficiency and quality of the products. Vendors are heavily emphasizing on innovations and incorporating new technologies in their manufacturing process to maintain the competitive edge and market share. The use of alternative resources for manufacturing reclaimed rubber is also growing. These R&D activities will help the market to grow during the forecast period.

Market challenge: price fluctuations of crude oil

To avoid environmental hazards, reclaimed rubber is recycled and can be reused later. Reclaimed rubbers consist of synthetic rubbers such as butyl reclaim, WTR, and others. Synthetic rubber is made from crude oil and is dependent on crude oil prices which fluctuates with the gap in demand and supply in the oil market. This fluctuation in price has affected the prices of reclaimed rubber's raw material.

Is your business on track for a successful future? Learn how Technavio can help

Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.

Key vendors in the market

  • Fishfa Rubbers
  • GRP
  • Rolex Reclaim
  • Sun Exim
  • Swani Rubber Industries

The market for the reclaimed rubber is fragmented due to the presence of several large and medium-sized vendors. The players in the market have a wide geographical presence. To meet customer demands, most of the vendors in the market have a wide product portfolio. The vendors are focused on rapid innovation to comply with the regulatory standards.

Get a sample copy of the global reclaimed rubber market report free of cost

Access Technavio's continuously growing plastics, polymers, and elastomers research library and find expert analysis on hundreds of markets.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

The following two tabs change content below.
Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
%d bloggers like this: