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
Related Report
Global
Biodegradable Plastics Market Size, Segments, Outlook, and Revenue Forecast
2022-2028
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
