Reclaimed Rubber Market Trends

Global Reclaimed Rubber Market Overview

The reclaimed rubber market size was valued at USD 3.48 Billion in 2023. The reclaimed rubber industry is projected to grow from USD 4.05 Billion in 2024 to USD 7.40 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.56% during the forecast period (2024 - 2032). Surging consumer awareness regarding the cost-effective and eco-friendly alternatives for virgin rubber, the growing demand for whole tire reclaim (WTR), and the rising demand for ethylene propylene diene monomer in aircraft and automotive tires are the key market drivers enhancing the market growth.

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

Reclaimed Rubber Market Trends

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  Increasing adoption in the automotive industry is driving the market growth.

  
  

The market CAGR for reclaimed rubber is driven by the growing adoption in the automotive sector. The rising need for vehicle tires and tubing is prominent in the reclaimed rubber market. With the expansion of the automotive industry in growing economies, there has been a significant increase in interest in crude materials, particularly reclaimed rubber such as butyl reclaim, ethylene propylene diene monomer, and whole Tire Reclaim. As per the Department for Promotion of Industry and Internal Trade, the Indian automotive industry has drawn Foreign Direct Investment (FDI) worth US$ 22.35 billion from April 2000 to June 2019. Furthermore, the Automotive Mission Plan 2016-26 initiative is established by the Indian government to further promote the automotive industry in the country.

Additionally, with the growing requirement for OEM tires, the market is expected to grow over the forecast period. With the growth of the automotive industry in evolving economies, there has been a considerable expansion in interest in crude materials, such as reclaimed rubber. Because of their growing purchasing power, nations such as Mexico, China, and India see a surge in travel and company car sales. Furthermore, the increase in the tire-recycling industry in these nations has also boosted the advertising industry.

The need for reclaimed rubber has been driven by favorable regulations enforced by governments around the globe to deliver sustainable materials as a substitute for conventional pure rubber and the growing demand for reclaimed rubber from end-use verticals such as retreading, footwear, automotive & aircraft tires, belts & hoses, and molded rubber goods manufacturing. Moreover, the market collaborates with end-users and chemical manufacturers to develop unique products from used tires. For instance, in December 2021, Ralf Bohle GmbH, TH Köln University and Pyrum Innovations AG collaborated to make unique bicycle tires from old tires. Initiatives like these are expected to support firms that source raw materials and manufacture recycled rubber at economical prices.

Reclaimed rubber developments are in high demand in many industries, including automotive, consumer goods, aerospace, footwear, etc. Expanding these industries in emerging markets has provided a significant boost to market growth. Moreover, using reclaimed rubber to manufacture extruded products such as drain tubes and pump discharge hoses is also driving the market. Product demand is being boosted by the increased use of reclaimed rubber in footwear manufacturing and aspiration-based purchasing. Rising demand for whole tire reclaim is a substantial trend in the reclaimed rubber market, and it is expected to significantly contribute to the reclaimed rubber market revenue.

Reclaimed Rubber Market Segment Insights

Reclaimed Rubber Type Insights

The reclaimed rubber market segmentation, based on type, includes whole tire reclaim, butyl reclaim, ethylene propylene diene monomer, drab & colored, and others. The butyl reclaims segment dominated the market, accounting for 35% of market revenue (1.16 billion). In developing economies, category growth is driven as it is to be used in applications needing airtight rubber. Butyl reclaimed rubber has a more rapid vulcanization speed and higher polarity as compared to pure butyl rubber, which delivers it with more increased compatibility with other kinds of rubber and better aging resistance. However, whole tire reclaim is the fastest-growing category due to the growing automotive industry.

Figure 1:  Reclaimed Rubber Market, by Type, 2023 & 2032 (USD Billion)

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

Reclaimed Rubber Application Insights

The reclaimed rubber market segmentation, based on application, includes tire {inner liner, inner tubes, tire sidewalls, tire plies, and tire treads & retreads}, and non-tire {conveyor belts, molded goods, adhesives, footwear, matting, profiles, and roofing}. The tire category generated the most income (70.4%) due to the growing demand for tires in automotive vehicles. Many automotive manufacturers are shifting toward applying reclaimed rubbers owing to the rising price of natural rubber. However, non-tire is the fastest-growing category due to the technical developments in rubber blends that have strengthened the consumption of non-tire reclaimed rubber.

Reclaimed Rubber Regional Insights

By region, the study delivers market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American reclaimed rubber market will dominate, owing to aircraft & automobile tires, and an increase in small wide-body passenger airplanes will boost the market growth in this region. Further, the US reclaimed rubber market held the largest market share, and the Canadian reclaimed rubber market was the fastest-growing market in the North American region.

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

Figure 2:  RECLAIMED RUBBER MARKET SHARE BY REGION 2023 (USD Billion)

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

Europe reclaimed rubber market accounts for the second-largest market share due to an increase in the number of electric vehicles, and it is expected that an increase in the production of electric vehicles will expand the market in this region. Further, the German reclaimed rubber market held the largest market share, and the UK reclaimed rubber market was the fastest-growing market in the European region.

The Asia-Pacific reclaimed rubber market is anticipated to expand at the fastest CAGR from 2023 to 2032. This is due to rapid development in the aerospace and automotive industry, especially from China, India, and Thailand, which has positively influenced the demand for reclaimed rubber in the region. Moreover, China’s reclaimed rubber market held the largest market share, and the Indian reclaimed rubber market was the fastest-growing market in the Asia-Pacific region.

Reclaimed Rubber Key Market Players & Competitive Insights

Leading market players are supporting heavily in research and development to develop their product lines, which will allow the reclaimed rubber market to grow even more. Market participants are also embarking on different strategic activities to grow their footprint, with significant market developments such as unique product establishment, mergers and acquisitions, contractual agreements, higher investments, and collaboration with other institutions. To develop and stay in a more competitive and rising market climate, the reclaimed rubber industry must offer cost-effective things.

Manufacturing locally to decrease operational costs is one of the major business tactics manufacturers use in the reclaimed rubber industry to benefit clients and increase the market sector. Major players in the reclaimed rubber market, including Fishfa Rubbers Ltd (Gujarat), GRP LTD (Mumbai), Rolex Reclaim Pvt. Ltd (Gujarat), Sun Exim (India), Swani Rubber Industries (India), and others are endeavoring to improve market demand by investing in R&D operations.

Bridgestone Corp is a tire and rubber products company that develops, manufactures, and markets tires and tire tubes, tire raw materials, wheels and accessories, and other tire-related products for passenger cars, construction and mining vehicles, agricultural machinery, trucks, buses, industrial machinery, aircraft and motorcycles. The company also manufactures a wide range of diversified products, including industrial rubber, chemical products and sporting goods. Bridgestone offers automotive maintenance and repair services, finance and other services, and supplies commercial roofing materials and other materials. In April 2021, Bridgestone Corporation declared a USD 135.90 million acquisition to elevate facilities at its Shimonoseki Plant, which simulates tires for mining and construction vehicles. The new equipment will improve safety, disaster preparedness, environmental friendliness, quality, and productivity.

Ecolomondo Corporation designs and manufactures turnkey facilities based on the thermo-reaction process. The Company uses a pyrolytic platform that converts hydrocarbon waste into marketable commodity end-products such as carbon black substitutes, oil, gas, and steel. Ecolomondo operates in Canada. In November 2021, TorQuest Partners announced the acquisition of Northwest Rubber Ltd., the leading manufacturer and distributor of recycled and virgin rubber products for application in farms, consumers, athletic facilities, and industries.

Key Companies in the Reclaimed Rubber market include.

• Fishfa Rubbers Ltd (Gujarat)


• GRP LTD (Mumbai)


• Rolex Reclaim Pvt. Ltd (Gujarat)


• Sun Exim (India)


• Swani Rubber Industries (India)


• HUXAR (India)


• Minar Reclamation Pvt. Ltd (India)


• Miracle Rubbers (India)


• Genan (Denmark)


• MICHELIN (France)


• Revlon Rubbers Private Limited (India)


• High Tech Reclaim Pvt. Ltd (India)


• Mitsubishi Chemical Holdings Corporation (Japan)

Reclaimed Rubber Industry Developments

October 2021: Ecolomondo Corporation commercialized its Thermal Decomposition Process recycling technology and turnkey TDP skills for recycling tires, plastics, and other hydrocarbon waste streams into renewable items and marked a long-term supply agreement with Recyc-Quebec. Ecolomondo will provide more than 31,000 short tonnes of end-of-life tire feedstock to the Hawkesbury TDP recycling facility under this agreement.

January 2020: Goodyear Tire & Rubber Company, and Rubber-Cal, a rubber flooring supplier and rugs, partnered to create a special range of rubber flooring and carpets. Similarly, the ReUz rubber flooring rolls and ReUz rubber tiles are created from utilized Goodyear tires, which demand nominal energy during manufacture and are comfortable to color, making them ideal for service in fitness facilities because of their attractive, textured surface.

Reclaimed Rubber Market Segmentation

Reclaimed Rubber Type Outlook

• Whole Tire Reclaim


• Butyl Reclaim


• Ethylene Propylene Diene Monomer


• Drab & Colored


• Others

Reclaimed Rubber Application Outlook

• Tire
  
  
  
  • Inner Liner
  
  
  • Inner Tubes
  
  
  • Tire Side Walls
  
  
  • Tire Plies
  
  
  • Tire Treads & Retreads
  
  
  
  


• Non-Tire
  
  
  
  • Conveyor Belts
  
  
  • Molded Goods
  
  
  • Adhesives
  
  
  • Footwear
  
  
  • Matting
  
  
  • Profiles
  
  
  • Roofing
  
  
  
  

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