The Worldwide Reclaimed Rubber Industry is Expected to Reach $6.6 Billion by 2030 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Reclaimed Rubber Market - Market Size & Forecasting (2017-2030)" report has been added to ResearchAndMarkets.com's offering.

The global reclaimed rubber market size has been estimated at $2,931.5 million in 2021 and is projected to register a CAGR of 9.6% between 2021-2030, to reach $6,683.9 million by 2030.

However, due to the COVID-19 impact, the market size estimation would decline to USD 2,626.2 million in 2021 and is projected to register a CAGR of 5.7% during the forecast period to reach USD 4,311.7 million by 2030.

Rising demand for virgin rubber is the driving factor for the market growth. The market for reclaimed rubber is growing as consumers are becoming more aware of the cost-effective and environmental-friendly alternatives to virgin rubber. The demand for reclaimed rubber is increasing due to adoption of footwear and cycle tires. However, rising concerns about environmental damage caused by dumping used rubber in rivers may limit the growth of the market.

The reclaimed rubber market is segmented on the basis of type, material type, application, end-use industry, and region.

Key Questions Answered

• How the reclaimed rubber market is evolving?
• What is driving and restraining factors for global reclaimed rubber market?
• How will each reclaimed rubber submarket segment grow over the forecast period and how much sales will these submarkets account for in 2030?
• How will market shares of each reclaimed rubber submarket develop from 2021-2030?
• Which reclaimed rubber submarket will be the main driver of the overall market from 2021-2030?
• How will political and regulatory factors influence regional reclaimed rubber markets and submarkets?
• Will leading national reclaimed rubber broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
• How will market shares of the national markets change by 2030 and which nation will lead the market in 2030?
• Who are the leading players and what are their prospects over the forecast period?
• How will the sector evolve as alliances form during the period between 2018 and 2030?

Market Dynamics

Drivers

• Rising Natural Rubber Prices
• Growing Use of Eco-Friendly Alternatives

Restraints

• Environmental Regulations and Health Hazards in the Synthetic Rubber Manufacturing Industry

Opportunities

• Growing Demand from Several End-Use Industries
• Changing Trend Towards the Adoption of Reclaimed Rubber

Challenges

• Volatile Prices of Tire & Non-Tire Raw Materials

Companies Mentioned

• Grp Ltd.
• Michelin
• Bridgestone Group
• Titan Tire Reclamation Corp
• Swani Rubber Industries
• High Tech Reclaim Pvt. Ltd.
• Aadish International
• Gangamani Enterprise
• Snr Reclamations Pvt. Ltd.
• Valencia Rubber Tech Llp
• Rolex Reclaim Pvt. Ltd.
• J. Allcock & Sons Ltd.
• Star Polymers Inc.
• Zenish Reclamation
• Genan Gmbh
• Balaji Rubber Industries Pvt. Ltd.
• Sapphire Reclaim Rubber Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/eln5v8