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    Butyl Reclaimed Rubber Market

    ID: MRFR/CnM/9447-CR
    100 Pages
    Anshula Mandaokar
    September 2022

    Butyl Reclaimed Rubber Market Research Report Information By Application (Adhesives, Waterproofing Sheets, Tires, Tube Industry, Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

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    Butyl Reclaimed Rubber Market Summary

    As per Market Research Future Analysis, the Global Butyl Reclaimed Rubber Market was valued at USD 0.67 billion in 2023 and is projected to reach USD 1.6 billion by 2032, growing at a CAGR of 9.91% from 2024 to 2032. The demand for butyl reclaimed rubber is driven by its applications in insulation, shock absorption, and tire retreading, particularly in the expanding automotive sector. North America is expected to dominate the market, with significant contributions from the U.S. and Canada, while the Asia-Pacific region is anticipated to grow at the fastest rate due to strong automotive expansion in India and China.

    Key Market Trends & Highlights

    Key trends driving the Butyl Reclaimed Rubber market include increased demand in heavy-duty vehicles and advancements in recycling technologies.

    • Market Size in 2023: USD 0.67 billion; Projected Market Size by 2032: USD 1.6 billion.
    • CAGR from 2024 to 2032: 9.91%; Dominant Region: North America.
    • Growing applications in tire retreading due to high costs of new tires.
    • Significant growth in the Asia-Pacific region driven by automotive expansion.

    Market Size & Forecast

    2023 Market Size USD 0.67 billion
    2024 Market Size USD 0.75 billion
    2032 Market Size USD 1.6 billion
    CAGR (2024-2032) 9.91%

    Major Players

    Key players include GRP, High Tech Reclaim Pvt. Ltd Inc., Fishfa Rubbers Ltd Corporation, SNR Reclamations Pvt. Ltd., Rubber Resources B.V Inc., Wuxi Wanfeng Rubber Factory, and Rolex Reclaim Pvt.

    Butyl Reclaimed Rubber Market Trends

    Increased use of heavy-duty vehicles is driving the market growth

    Truck tires, tread rubber, and high-quality rubber molded applications frequently use highly refined Butyl reclaim rubber. Butyl rubber is recyclable and may be combined with virgin rubber to create new inner tubes, inner tire liners, and different kinds of tape. It also keeps a lot of its original qualities when recycled. Since all these applications are extremely high-tech goods, the recovery must pass strict quality requirements to be accepted. There continues to be an excellent market for butyl reclaim. Since replacing tires is expensive, tire retreading offers commercial vehicle owners a practical and cost-effective alternative.

    This is why tire retreading is frequently seen in heavy-duty commercial vehicles. The demand for recycled rubber in the tire retreading sector is anticipated to be driven by the U.S.'s expanding automotive sector. The U.S. was the world's top producer of commercial vehicles in 2020, according to the International Organisation of Motor Vehicle Manufacturers (OICA). Following Ford Motor Company's F-Series truck in popularity are pickups from Fiat Chrysler and General Motors. As a result, the worldwide Butyl Reclaimed Rubber market CAGR is expanding due to soaring demand for heavy-duty vehicles.

    This opens up the possibility of  market growth for Butyl reclaimed rubber. The EPA and the Mexican government implemented the U.S.-Mexico Border 2020 Programme, which included objectives to lessen and prevent soil contamination through improved waste management. The project aims to lessen discharged garbage, including scrap tires mixed with other products. Such activities are anticipated to encourage tire recycling and favorably impact the market's expansion. Thus, driving the Butyl Reclaimed Rubber market revenue.

    The increasing emphasis on sustainability and circular economy principles is driving the demand for butyl reclaimed rubber, as industries seek eco-friendly alternatives to virgin materials.

    U.S. Environmental Protection Agency

    Butyl Reclaimed Rubber Market Drivers

    Market Growth Projections

    The Global Butyl Reclaimed Rubber Market Industry is poised for substantial growth, with projections indicating a market value of 0.75 USD Billion in 2024 and an anticipated increase to 2.12 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 9.93% from 2025 to 2035. Such figures highlight the increasing adoption of reclaimed rubber across various applications, driven by sustainability initiatives and technological advancements in recycling processes. The market's expansion reflects a broader trend towards environmentally friendly materials, positioning reclaimed rubber as a key player in the future of manufacturing.

    Increasing Demand for Sustainable Materials

    The Global Butyl Reclaimed Rubber Market Industry is experiencing a surge in demand for sustainable materials, driven by heightened environmental awareness among consumers and manufacturers. As industries strive to reduce their carbon footprints, reclaimed rubber emerges as a viable alternative to virgin rubber. This shift is evident in various sectors, including automotive and construction, where companies are increasingly incorporating reclaimed rubber into their products. The market is projected to reach 0.75 USD Billion in 2024, reflecting a growing recognition of the benefits of using recycled materials. This trend not only supports sustainability goals but also aligns with regulatory frameworks promoting eco-friendly practices.

    Regulatory Support for Recycling Initiatives

    Government regulations promoting recycling initiatives are playing a crucial role in shaping the Global Butyl Reclaimed Rubber Market Industry. Many countries are implementing policies that encourage the use of recycled materials in manufacturing processes. For example, regulations mandating the recycling of tires have led to an increase in the availability of reclaimed rubber. This regulatory support not only fosters a favorable environment for the market but also incentivizes manufacturers to invest in reclaimed rubber production. As the industry evolves, it is likely that such policies will continue to drive growth, contributing to the projected market value of 2.12 USD Billion by 2035.

    Growing Automotive Industry and Tire Production

    The expansion of the automotive industry is a significant driver for the Global Butyl Reclaimed Rubber Market Industry. With the increasing production of vehicles, there is a corresponding rise in tire manufacturing, which is a primary application for butyl reclaimed rubber. The automotive sector is increasingly adopting reclaimed rubber to enhance tire performance while reducing costs. This trend is particularly evident in regions with robust automotive manufacturing bases. As the market continues to grow, the integration of reclaimed rubber in tire production is expected to bolster demand, further solidifying its role in the industry.

    Rising Awareness of Circular Economy Principles

    The concept of a circular economy is gaining traction globally, influencing the Global Butyl Reclaimed Rubber Market Industry. As businesses and consumers become more aware of the benefits of recycling and reusing materials, the demand for reclaimed rubber is likely to increase. This shift towards a circular economy not only minimizes waste but also promotes resource efficiency. Companies are beginning to recognize that incorporating reclaimed rubber into their products can enhance their sustainability profiles. This growing awareness is expected to drive market growth, as stakeholders seek to align their operations with circular economy principles.

    Technological Advancements in Recycling Processes

    Technological innovations in recycling processes are significantly influencing the Global Butyl Reclaimed Rubber Market Industry. Enhanced methods for reclaiming rubber from used tires and other sources have improved the quality and performance of reclaimed rubber. These advancements enable manufacturers to produce high-quality products that meet stringent industry standards. For instance, the development of advanced devulcanization techniques has made it possible to restore the properties of butyl rubber effectively. As a result, the market is expected to grow at a CAGR of 9.93% from 2025 to 2035, indicating a robust future driven by continuous improvements in recycling technologies.

    Market Segment Insights

    Butyl Reclaimed Rubber Application Insights

    The  Butyl Reclaimed Rubber market segmentation, based on application, includes Adhesives, Waterproofing Sheets, Tires, Tube Industry, and others. For the evaluation period, the tire segment will likely have a strong performance in the market. The need for aircraft tires has been driven up by the expanding logistics industry as well as passenger travel following the easing of the lockdown and travel restrictions. In the years to come, this will undoubtedly increase the need for and use of Butyl recycled rubber in the tire business.

    Figure1: Butyl Reclaimed Rubber Market, by Applications, 2022 & 2032 (USD million)                                  

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Get more detailed insights about Butyl Reclaimed Rubber Market Research Report—Global Forecast till 2032

    Regional Insights

    By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North America Butyl Reclaimed Rubber market area will dominate this market. Companies like Milin Environmental have worked with North American rubber sector businesses to supply them with top-notch reclaim materials. It also specializes in tailored fibers and NBR/SBR powders for application in the automotive and industrial gasket markets. As a result, Butyl Reclaimed Rubber is becoming increasingly popular in the automotive industry to make tires for automobiles in the North American region.

    Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure2: BUTYL RECLAIMED RUBBER MARKET SHARE BY REGION 2022 (%)                                  BUTYL RECLAIMED RUBBER MARKET SHARE BY REGION 2022

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    The Asia Pacific Butyl Reclaimed Rubber Market is expected to grow at the fastest CAGR from 2023 to 2032. India is the second-largest producer of reclaimed rubber, behind the China Butyl reclaim rubber market Butyl, reclaimed rubber market. India is a large consumer, producer, and growing nation. India’s Butyl reclaim rubber market is driven by strong automotive expansion. Companies in this sector are concentrating on strategic acquisitions to maintain their competitiveness. Major players in this market are Malaysia, Vietnam, Hong Kong, Macau, Indonesia, and Australia.

    Europe's Butyl Reclaimed Rubber market accounts for the second-largest market share. Western European nations like Germany, France, the UK, Spain, and Italy dominate the market. The need for Butyl reclaimed rubber in this region is expected to rise due to the growing production of tires, belts, and hoses. Further, the German Butyl Reclaimed Rubber market held the largest market share, and the UK Butyl Reclaimed Rubber market was the fastest-growing market in the European region

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Butyl Reclaimed Rubber market, grow even more. Market participants are also undertaking various strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Butyl Reclaimed Rubber industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Butyl Reclaimed Rubber industry to benefit clients and increase the market sector. In recent years, the Butyl Reclaimed Rubber industry has offered some of the most significant advantages to medicine. Major players in the Butyl Reclaimed Rubber market attempting to increase market demand by investing in research and development operations are GRP, High Tech Reclaim Pvt. Ltd Inc., Fishfa Rubbers Ltd Corporation, SNR Reclamations Pvt. Ltd., Rubber Resources B.V Inc., Wuxi Wanfeng Rubber Factory, Rolex Reclaim Pvt.

    High Tech Reclaim Pvt. Ltd. was founded in 1992 to offer better services in the rubber industry and safeguard the environment for society through recycling used rubber. Reclaimed rubber, recycled rubber, natural reclaimed rubber, Butyl reclaimed rubber, and unvulcanized rubber, are all on the horizon thanks to High Tech Reclaim, a reputable and trusted name in rubber reclaiming technology. High Tech Reclaim, with its extensive infrastructure and highly skilled workforce, has become one of the top manufacturers and exporters of reclaimed rubber after years of steadfast labor.

    Since the company's inception, High Tech Reclaim has been associated with high technology through continuous advancements in rubber technology. It has been a method for achieving faster growth by continuously developing sales and production. As a result, they are a reputable and experienced manufacturer of Reclaim Rubber in India, and consistently give customers high-quality rubber goods.

    Fishfa Rubbers has a good reputation in the  market. It is not just one of the biggest companies in the deployment, and Butyl reclaim rubber sectors, but it is also regarded as a highly reliable name by its customers. Its ascent to greatness began with a modest beginning in 1971 when it entered the tire retreading industry. But its relationship with rubber was not going to end there. A modest venture became a known, reputable, and esteemed company due to the high regard its rubber quality received and the increase in customers.

    Generating money from waste by recycling hazardous rubber waste and turning it into priceless reclaim rubber that has applications in many crucial sectors, all while reducing environmental pollution and obtaining carbon credits!  business is conducted through Fishfa. To keep up with the rapidly evolving trends worldwide, the company has embraced cutting-edge manufacturing techniques and is adhering to the best business practices. The outcome: Fishfa Rubbers Ltd. has successfully combated a  Limited Company named Fishfa Rubbers in May 2000 and further into a Limited one in 2022.

    Industry Developments

    January 2023: The USA-Mexico Border 2020 Programme, run jointly by the EPA and the Mexican government, aimed to reduce and prevent soil pollution through improved waste management.

    May 2020:  The EU's Horizon 2020 program provided financial support for the BlackCycle project launched in May 2020. It intends to build and optimize the entire value chain of reclaimed rubber, from second-generation raw materials (SRM) to end-of-life feedstocks like tire waste.

    Future Outlook

    Butyl Reclaimed Rubber Market Future Outlook

    The Butyl Reclaimed Rubber Market is projected to grow at a 9.93% CAGR from 2024 to 2035, driven by increasing demand for sustainable materials and advancements in recycling technologies.

    New opportunities lie in:

    • Develop innovative applications in automotive sectors to enhance performance and sustainability.
    • Invest in R&D for advanced processing techniques to improve product quality and reduce costs.
    • Expand market presence in emerging economies through strategic partnerships and local manufacturing.

    By 2035, the Butyl Reclaimed Rubber Market is expected to achieve substantial growth, reflecting a robust and sustainable industry landscape.

    Market Segmentation

    Butyl Reclaimed Rubber Regional Outlook

    • US
    • Canada

    Butyl Reclaimed Rubber Application Outlook

    • Adhesives
    • Waterproofing Sheets
    • Tires
    • Tube Industry
    • others

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 0.67 billion
    Market Size 2024 USD 0.75 billion
    Market Size 2032 USD 1.6 billion
    Compound Annual Growth Rate (CAGR) 9.91% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2019- 2021
    Market Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Application and Region
    Geographies Covered North America, Europe, Asia-Pacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled GRP, High Tech Reclaim Pvt. Ltd Inc., Fishfa Rubbers Ltd Corporation, SNR Reclamations Pvt. Ltd., Rubber Resources B.V Inc., Wuxi Wanfeng Rubber Factory, Rolex Reclaim Pvt.  
    Key Market Opportunities A rise in demand for heavy-duty vehicles
    Key Market Dynamics Increasing consumer awareness of the economical and environmentally friendly

    Market Highlights

    Author
    Anshula Mandaokar
    Team Lead - Research

    Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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    FAQs

    How much is the Butyl Reclaimed Rubber market?

    The Butyl Reclaimed Rubber market size was valued at USD 0.67 billion in 2023.

    What is the growth rate of the Butyl Reclaimed Rubber market?

    The Butyl Reclaimed Rubber market is projected to grow at a CAGR of 9.91% during the forecast period, 2024-2032.

    Which region held the largest market share in the Butyl Reclaimed Rubber market?

    North America had the largest share of the Butyl Reclaimed Rubber Market

    Who are the key players in the Butyl Reclaimed Rubber market?

    The key players in the market are GRP, High Tech Reclaim Pvt. Ltd Inc., Fishfa Rubbers Ltd Corporation, SNR Reclamations Pvt. Ltd., Rubber Resources B.V Inc., Wuxi Wanfeng Rubber Factory, Rolex Reclaim Pvt.

    Which application led the Butyl Reclaimed Rubber market?

    The Tires category dominated the Butyl Reclaimed Rubber Market in 2023.

    Butyl Reclaimed Rubber Market Research Report—Global Forecast till 2032 Infographic
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