Butyl Reclaimed Rubber Market Share

Global Butyl Reclaimed Rubber Market Overview

Butyl Reclaimed Rubber Market Size was valued at USD 0.67 billion in 2023. The Butyl Reclaimed Rubber industry is projected to grow from USD 0.75 billion in 2024 to USD 1.6 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.91% during the forecast period (2024 - 2032). Butyl reclaimed rubber demand is expected to increase over the forecast period due to market drivers like insulation, shock absorption, heat resistance, chemical resistance, and aging resistance.                           

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Butyl Reclaimed Rubber Market Trends

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  Increased use of heavy-duty vehicles is driving the market growth

  
  

Truck tires, tread rubber, and high-quality rubber molded applications frequently use highly refined Butyl reclaim rubber. Butyl rubber is recyclable and may be combined with virgin rubber to create new inner tubes, inner tire liners, and different kinds of tape. It also keeps a lot of its original qualities when recycled. Since all these applications are extremely high-tech goods, the recovery must pass strict quality requirements to be accepted. There continues to be an excellent market for butyl reclaim. Since replacing tires is expensive, tire retreading offers commercial vehicle owners a practical and cost-effective alternative. This is why tire retreading is frequently seen in heavy-duty commercial vehicles. The demand for recycled rubber in the tire retreading sector is anticipated to be driven by the U.S.'s expanding automotive sector. The U.S. was the world's top producer of commercial vehicles in 2020, according to the International Organisation of Motor Vehicle Manufacturers (OICA). Following Ford Motor Company's F-Series truck in popularity are pickups from Fiat Chrysler and General Motors. As a result, the worldwide Butyl Reclaimed Rubber market CAGR is expanding due to soaring demand for heavy-duty vehicles.

Additionally, numerous used tires are glumly dumped in enormous landfills, consuming territory that could be used for agriculture and destroying tranquil scenery. Utilizing the cutting-edge reclamation method, recyclers have discovered the final solution for such products and are now using these tires well. Reclamation has been practiced for many years, but the technique has only recently come to light due to improvements in product quality and processing costs compared to natural or synthetic rubber. In an increasingly competitive world, producers are also looking for alternate sources of rubber due to the rising costs of these rubbers. This opens up the possibility of  market growth for Butyl reclaimed rubber. The EPA and the Mexican government implemented the U.S.-Mexico Border 2020 Programme, which included objectives to lessen and prevent soil contamination through improved waste management. The project aims to lessen discharged garbage, including scrap tires mixed with other products. Such activities are anticipated to encourage tire recycling and favorably impact the market's expansion. Thus, driving the Butyl Reclaimed Rubber market revenue.

Butyl Reclaimed Rubber Market Segment Insights

Butyl Reclaimed Rubber Application Insights

The  Butyl Reclaimed Rubber market segmentation, based on application, includes Adhesives, Waterproofing Sheets, Tires, Tube Industry, and others. For the evaluation period, the tire segment will likely have a strong performance in the market. The need for aircraft tires has been driven up by the expanding logistics industry as well as passenger travel following the easing of the lockdown and travel restrictions. In the years to come, this will undoubtedly increase the need for and use of Butyl recycled rubber in the tire business.

Figure1: Butyl Reclaimed Rubber Market, by Applications, 2022 & 2032 (USD million)                                  

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Butyl Reclaimed Rubber Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North America Butyl Reclaimed Rubber market area will dominate this market. Companies like Milin Environmental have worked with North American rubber sector businesses to supply them with top-notch reclaim materials. It also specializes in tailored fibers and NBR/SBR powders for application in the automotive and industrial gasket markets. As a result, Butyl Reclaimed Rubber is becoming increasingly popular in the automotive industry to make tires for automobiles in the North American region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: BUTYL RECLAIMED RUBBER MARKET SHARE BY REGION 2022 (%)                                 

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The Asia Pacific Butyl Reclaimed Rubber Market is expected to grow at the fastest CAGR from 2023 to 2032. India is the second-largest producer of reclaimed rubber, behind the China Butyl reclaim rubber market Butyl, reclaimed rubber market. India is a large consumer, producer, and growing nation. India’s Butyl reclaim rubber market is driven by strong automotive expansion. Companies in this sector are concentrating on strategic acquisitions to maintain their competitiveness. Major players in this market are Malaysia, Vietnam, Hong Kong, Macau, Indonesia, and Australia.

Europe's Butyl Reclaimed Rubber market accounts for the second-largest market share. Western European nations like Germany, France, the UK, Spain, and Italy dominate the market. The need for Butyl reclaimed rubber in this region is expected to rise due to the growing production of tires, belts, and hoses. Further, the German Butyl Reclaimed Rubber market held the largest market share, and the UK Butyl Reclaimed Rubber market was the fastest-growing market in the European region

Butyl Reclaimed Rubber Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Butyl Reclaimed Rubber market, grow even more. Market participants are also undertaking various strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Butyl Reclaimed Rubber industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Butyl Reclaimed Rubber industry to benefit clients and increase the market sector. In recent years, the Butyl Reclaimed Rubber industry has offered some of the most significant advantages to medicine. Major players in the Butyl Reclaimed Rubber market attempting to increase market demand by investing in research and development operations are GRP, High Tech Reclaim Pvt. Ltd Inc., Fishfa Rubbers Ltd Corporation, SNR Reclamations Pvt. Ltd., Rubber Resources B.V Inc., Wuxi Wanfeng Rubber Factory, Rolex Reclaim Pvt.

High Tech Reclaim Pvt. Ltd. was founded in 1992 to offer better services in the rubber industry and safeguard the environment for society through recycling used rubber. Reclaimed rubber, recycled rubber, natural reclaimed rubber, Butyl reclaimed rubber, and unvulcanized rubber, are all on the horizon thanks to High Tech Reclaim, a reputable and trusted name in rubber reclaiming technology. High Tech Reclaim, with its extensive infrastructure and highly skilled workforce, has become one of the top manufacturers and exporters of reclaimed rubber after years of steadfast labor. Since the company's inception, High Tech Reclaim has been associated with high technology through continuous advancements in rubber technology. It has been a method for achieving faster growth by continuously developing sales and production. As a result, they are a reputable and experienced manufacturer of Reclaim Rubber in India, and consistently give customers high-quality rubber goods.

Fishfa Rubbers has a good reputation in the  market. It is not just one of the biggest companies in the deployment, and Butyl reclaim rubber sectors, but it is also regarded as a highly reliable name by its customers. Its ascent to greatness began with a modest beginning in 1971 when it entered the tire retreading industry. But its relationship with rubber was not going to end there. A modest venture became a known, reputable, and esteemed company due to the high regard its rubber quality received and the increase in customers. Generating money from waste by recycling hazardous rubber waste and turning it into priceless reclaim rubber that has applications in many crucial sectors, all while reducing environmental pollution and obtaining carbon credits!  business is conducted through Fishfa. To keep up with the rapidly evolving trends worldwide, the company has embraced cutting-edge manufacturing techniques and is adhering to the best business practices. The outcome: Fishfa Rubbers Ltd. has successfully combated a  Limited Company named Fishfa Rubbers in May 2000 and further into a Limited one in 2022.

Key Companies in the Butyl Reclaimed Rubber market include

• GRP


• High Tech Reclaim Pvt. Ltd Inc.


• Fishfa Rubbers Ltd Corporation


• SNR Reclamations Pvt. Ltd.


• Rubber Resources B.V Inc.


• Wuxi Wanfeng Rubber Factory


• Rolex Reclaim Pvt.

Butyl Reclaimed Rubber Industry Developments

January 2023: The USA-Mexico Border 2020 Programme, run jointly by the EPA and the Mexican government, aimed to reduce and prevent soil pollution through improved waste management.

May 2020:  The EU's Horizon 2020 program provided financial support for the BlackCycle project launched in May 2020. It intends to build and optimize the entire value chain of reclaimed rubber, from second-generation raw materials (SRM) to end-of-life feedstocks like tire waste.

Butyl Reclaimed Rubber Market Segmentation

Butyl Reclaimed Rubber Application Outlook

• Adhesives


• Waterproofing Sheets


• Tires


• Tube Industry


• others

Butyl Reclaimed Rubber Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America