Global Reclaimed Rubber Market 2017-2021
About Reclaimed Rubber
Rubber is an elastic polymeric substance that is made by drying and coagulating the latex of rubber trees. It is also manufactured using fractional distillation of naphtha, which is a crude oil derivative. Reclaimed rubber, the low-cost substitute for natural and synthetic rubber, is manufactured by recycling scrapped tires, tubes, and factory rubber wastes using chemical devocalization process. Reclaimed rubber is used as an extender in rubber compounding for manufacturing critical rubber products such as dock fenders, mats, conveyor belts, and semi-pneumatic tires.
Technavio’s analysts forecast the global reclaimed rubber market to grow at a CAGR of 10.33% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global reclaimed rubber market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Reclaimed Rubber Market 2017-2021
Technavio recognizes the following companies as the key players in the global reclaimed rubber market: Fishfa Rubbers, GRP, Rolex Reclaim, Sun Exim, and Swani Rubber Industries.
Other Prominent Vendors in the market are: Arihant Oil & Chemicals, DEV RUBBER FACTORY, Gangamani, High Tech Reclaim, MSS Rubber & reclaims, Minar Reclamation, Miracle Rubbers, Revlon Rubbers, Sapphire Reclaim Rubber, and SASA Rubbers.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand for reclaimed rubber tires from automotive industry. The growth of the automotive industry has resulted in high demand for reclaimed rubber tires. Reclaimed rubber is used in automotive tires to improve its resistance to sunlight, ozone, heat, and mechanical stress. With the rising use of tires in vehicles, the demand for reclaimed rubber will increase during the forecast period.”
According to the report, one driver in the market is increasing demand for reclaimed rubber in APAC. APAC accounted for the largest market share of the global reclaimed rubber market in 2016. It is anticipated to be the fastest growing market during the forecast period due to the rapid advances in manufacturing technology and the high demand for rubber from various industries in Indonesia, India, Vietnam, Thailand, and China. Furthermore, the expanding automotive and aerospace industries, especially in China, Thailand, and India, are likely to drive the demand for reclaimed rubber during the forecast period.
Further, the report states that one challenge in the market is price fluctuations of crude oil. Reclaimed rubber is recycled rubber which is reused to avoid environmental hazards. Reclaimed rubber also contains synthetic rubbers such as butyl reclaim, WTR, and others. Synthetic rubber is made from crude oil. The price of petrochemicals is dependent on crude oil prices, which fluctuates with the gap in demand and supply in the oil market. This fluctuating price of crude oil has ultimately affected the prices of reclaimed rubber's raw material.
Fishfa Rubbers, GRP, Rolex Reclaim, Sun Exim, Swani Rubber Industries, Arihant Oil & Chemicals, DEV RUBBER FACTORY, Gangamani, High Tech Reclaim, MSS Rubber & reclaims, Minar Reclamation, Miracle Rubbers, Revlon Rubbers, Sapphire Reclaim Rubber, and SASA Rubbers.
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