A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Reclaimed
Rubber
Market. The
study, titled “Reclaimed
Rubber Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Reclaimed Rubber Market: Overview
Reclaimed
rubber is cured rubber obtained through thermo-chemical process that
softens and swells the rubber. The viscosity of the rubber is
lessened by shortening the polymer chain by mechanical shear and
chemical action. The different types of reclaimed rubber available in
the market are whole tire reclaim (WTR), drab and colored, butyl
reclaim, and ethylene propylene diene monomer (EPDM), among others.
Of these, butyl reclaim enjoys a substantial share in the market.
Going forward, however, EPDM is slated to outshine all the other
types of products in terms of growth due technological progress that
has resulted in better product properties and improved
sustainability.
Browse
Market Research Report @
Reclaimed
rubber finds application in automotive and aircraft tires, footwear,
cycle tires, molded rubber goods, belts and hoses, retreading, etc.
Among them, the automotive and aircraft tires account for a dominant
share in the market and in the years ahead is slated to outpace all
other application segments to clock maximum growth. Rising knowledge
about the cost-effective and eco-friendly alternatives for virgin
rubber will likely drive demand for reclaimed rubber for use in
durable tires and other synthetic products in automotive sector.
A
report by Transparency Market Research studies the global market for
reclaimed rubber by factoring in the current competitive dynamics,
growth drivers and restraints, and market size. The report leverages
popular analytical tools to uncover opportunities and threats
awaiting players and also profiles leading companies operating in the
market.
Global
Reclaimed Rubber Market: Drivers and Trends
At
the forefront of driving demand in the global market for reclaimed
rubber is the growing consumer awareness about environment-friendly
materials with reduced processing costs and improved properties. As a
result, reclaimed rubber is finding use in automotive and cycle
tires, footwear, and other molded rubber goods. Other factors stoking
growth in the market are rising rubber costs, increasing concerns
about the damage caused to the environment because of dumping used
rubber in rivers, and greater energy efficiency.
A
noticeable trend in the global market for reclaimed rubber is the
soaring demand for whole tire reclaim (WTR) which is predicted to
significantly contribute to the market in the years to come. The
robust demand is on account of its excellent versatility and
durability, reduced processing costs, and little negative impact on
the environment. The development of innovative elastomer-based
products, however, has somewhat damped demand for this segment.
Global
Reclaimed Rubber Market: Regional Outlook
Geographically,
the key segments of the global market for reclaimed rubber are Asia
Pacific, North America, Europe, and the Rest of the World. Of these,
Asia Pacific is a dominant market in terms of consumption. The
fast-expanding automotive and aerospace industry, especially in
China, Thailand, and India has led to the stellar growth in the Asia
Pacific market and going forward too will continue powering more
growth.
Another
factor boosting the Asia Pacific market is the growing trend of major
recyclers shifting their manufacturing bases to low-cost destinations
in the region. The ban on landfills in the European Union has also
led to manufacturers focusing more on Asia Pacific.
The
continents of Europe and North America are also expected to see
growth in the market in the years ahead, but at a much slower pace.
An automotive industry gathering steam after the recession, is likely
to spur consumption in the two continents.
Companies
Mentioned in Report
To
present a detailed assessment of the competition prevailing in the
global market for reclaimed rubber, the report profiles companies
such as Rolex Reclaim Pvt. Ltd., GRP (Gujarat Reclaim & Rubber
Product Ltd.), J. Allcock & Sons, Huxar Reclamation, Star
Polymers, Titan International Ltd., Balaji Rubber Reclaim, and
Michelin.
Get
accurate market forecast and analysis on the Reclaimed Rubber market.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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