Reclaimed Rubber Market To Be Driven By Growing Adoption of Original Equipment Manufacturer (OEM) Tires By Automobile Manufactures Till 2025
The global reclaimed rubber market is expected to value at USD 6.32 billion by 2025. The reclaimed rubber industry is subject to witness a substantial growth due to the superior product properties in comparison with natural rubber. The factors responsible for robust market growth include soaring demand from automotive and pharmaceutical sector. Reclaimed rubber is gaining popularity in automotive for the production of automobile tires doe to its eco-friendly properties.
In addition, increasing adoption of original equipment manufacturer (OEM) tires by automobile manufactures is predicted to fuel market demand for reclaimed rubber in the upcoming years. Globally, the reclaimed rubber market is predicted to grow at CAGR of 10.3% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
The shifting trend towards rubber recycling to enhance its sustainability is expected to offer numerous growth opportunities for industry players in the upcoming years. Reclaimed rubber is manufactured via a thermo-chemical process, which involves softening & expanding the product. This reduce the overall viscosity and break the cross-links. These factors are anticipated to favor market expansion in the upcoming years.
Reclaimed rubber, which is inexpensive and easily available, is highly preferred by manufacturers due to lower power consumption rate & reduced thermal plasticity levels. Reclaimed rubber is offer simpler operation during break down processing, particularly in comparison with the synthetic rubber. Easy availability of waste tires and cost efficiency of reclaim rubber is expected to boost market demand for the product in the upcoming years.
Use of reclaimed rubber offers advantages such as higher impermeability, cure versatility, better cure rate, cure compatibility, superior adhesion, and higher heat resistance. Additionally, early adoption of reclaimed rubber provides constant inflation pressure, longer life span, and heat stability for automobile tires. These factors are expected to drive the growth of reclaimed rubber industry in the upcoming years.
The reclaimed rubber is largely used during production of automobile tires. Applications of reclaimed rubber in automotive sector involves production of tire inner liners, hoses, seals and membranes. The reclaimed rubber is also used during production of pharmaceutical products & footwear’s such as stoppers, shoe soles, heels, liners and rubber articles, thus offering higher resistance to chemicals and weathering. Other application of reclaimed rubber include tank linings, conveyor belts, and protective clothing.
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