Country-Niche Players Dominate the Reclaimed Rubber Market, Despite the Presence of ~200 Competitors Comprising a Significant Number of Global and Regional Players, finds a recent market study on the Global Reclaimed Rubber Market by Ken Research
Reclaimed rubber is a material manufactured from scrap or waste rubber, through the softening and plasticizing process. Reclaiming is a process in which scrap rubber waste is converted, using mechanical and chemical processes into a state in which it can be mixed, processed, and vulcanized again. Reclaimed rubber is used in tires, inner tubes, tire lining, retreading, belting, adhesives, mastics, footwear, sheeting, matting, belting, and others.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
Country-Niche Players Held the Largest Market Share, Comprising 60% in terms of the Total Number of Competitors
Competitive Analysis by the research study found that the global reclaimed rubber market is moderately competitive with ~200 players which include country-niche players, regional players as well as a significant number of globally diversified players, deals in manufacturing and selling specific applications of reclaimed rubbers. The large global players even though comprise about 10% in terms of the number of companies, hold a significant portion of the market revenue share followed by country-niche players which account for a substantial chunk of the market revenue. Most of the players are having their headquarters in the Asia Pacific region.
Major Number of Players Deals in Specialist Business in Global Reclaimed Rubber Market. The Players Offer Product Such as Natural, EPDM, and Whole Tire Reclaimed Rubber.
Detailed comparative analysis of key competitors available within the research study reveals that players have a variety of reclaimed rubber products catering to various applications under the tire and non-tire application such as inner liners, inner tubes, adhesives, roofing, moulded goods, tire piles, conveyor belts, footwear, matting, and others. All leading competitors have a strong presence in the global reclaimed rubber market. Furthermore, several companies and organizations are aggressively investing in R&D to cater to the demand of end-users.
Increased Adoption Of Reclaimed Rubber Globally Leading To Major Industry-Wide Developments, Acquisitions, Collaborations
- As per India’s Extended Producer Responsibility (EPR), after 2024-25, the EPR obligation will be 100% of the quantity of new tires manufactured/imported in the year.
- BlackCycle project funded by Horizon 2020, officially launched in May 2020. The project aims to enable a massive circular economy of tires. The project will design world-first processes to make new tires from end-of-life tires.
For More Information, refer to below link:-
Reclaimed Rubber Material Supplier Companies
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Global Biodegradable Plastics Market Size, Segments, Outlook, and Revenue Forecast 2022-2028
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