Butyl Reclaimed Rubber Market Research Report—Global Forecast till 2030

Butyl Reclaimed Rubber Market Research Report Information By Application (Adhesives, Waterproofing Sheets, Tires, Tube Industry, Others) Region (North America, Europe, Asia Pacific, South America, Middle East, Africa) Forecast 2030

ID: MRFR/CnM/9447-CR | September 2022 | Region: Global | 100 Pages         

Butyl Reclaimed Rubber Market

Butyl Reclaimed Rubber Market is projected to be worth USD 1,457.9 million by 2030, registering a CAGR of 12.10% during the forecast period (2022-2030)

Segmentation

By Application Adhesives Waterproofing Sheets Tires Tube Industry Others

Key Players

  • 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.

Drivers

  • Increase demand in heavy heavy-duty vehicles
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Butyl Reclaimed Rubber Market Overview


The global Butyl Reclaimed Rubber market is projected to witness significant growth during the review period, exhibiting a CAGR of 12.10%. The market is expected to reach a value of USD 1,457.9 million by the end of the forecast period. In terms of value, the market size was USD 529.0 Million in 2021.


Butyl reclaimed rubber has good air tightness, heat resistance, chemical resistance, aging resistance, shock absorption, and insulation. It can replace butyl rubber to produce high-quality rubber products, and effectively reduce the cost of raw materials on the premise of ensuring product quality. In actual production, butyl reclaimed rubber can not only be used as the main rubber material, but also can be filled in the form of filler; different varieties and different use occasions have different physical properties of rubber, and the application method and addition ratio of butyl reclaimed rubber are different.


COVID-19 Impact on the Butyl Reclaimed Rubber Market:


Market Dynamics


Drivers


  • Increase demand in heavy heavy-duty vehicles: Highly refined butyl reclaim rubber is widely used in Truck Tires, Tread Rubber and High-quality Rubber molded Applications. When reclaimed, butyl rubber retains much of its original properties and can be blended with virgin rubber to produce new inner tubes, inner liners for tires and various types of tape. All these applications are very high-tech products and the reclaim must meet stringent quality specifications for acceptance. There continues to be an excellent market for butyl reclaim.


Restraints


  • Fluctuating Raw Material Costs: Fluctuating Raw Material Costs is restraining the Butyl Reclaimed Rubber Growth. Factors like fluctuating crude material expenses, unpredictable natural compound (VOC) contamination guidelines because of elastic handling, and the accessibility of choices are, notwithstanding, prone to undermine the improvement of the business later. The value instability of crude materials and government approaches affecting butyl elastic are compromising the Reclaimed Rubber Industry. The counter unloading obligation demand improved the rubber substance on carbon dark elastic merchandise. It is hard to treat Reclaimed Rubber during handling, inferable from its capacity to get air and creep.


Opportunity


  • Surging consumer awareness regarding the cost-effective and eco-friendly: Many waste tires are disposed of morosely in vast landfills, taking up fertile, cultivable land space and ruining serene landscapes. These tires are now being put to good use by recyclers who have found the ultimate salvation for such products, using the innovative reclamation process. Although reclamation has been around for decades, the technology has only recently come to light after developments have contributed to better product characteristics and lower processing costs as compared to natural or synthetic rubber. Furthermore, rising costs of these rubbers has also driven manufacturers to seek alternative sources of rubber in an increasingly competitive world. This creates an opportunity for Butyl Reclaimed Rubber market growth, globally.


Segmentation


By Application



  • Adhesives

  • Waterproofing Sheets

  • Tires

  • Tube Industry

  • others


By Region



  • North America

  • Europe

  • Asia-Pacific

  • South America

  • Middle East

  • Africa


Regional Analysis


Geographically, the global Butyl Reclaimed Rubber market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Companies such as Milin Environmental has been actively engaged with companies in the rubber industry in North America, providing them with high quality reclaim materials. It also specializes in engineered fibers & NBR/SBR powders for use in both the automotive and industrial gasket markets. Thus, Butyl Reclaimed rubber is gaining popularity in automotive to produce automobile tires due to its eco-friendly properties in North America region.


In Europe, The rapid growth in the automotive industry and the increasing product demand for the manufacturing of tires, belts, and hoses will fuel the Butyl Reclaimed Rubber market growth in this region.


In Asia pacific region, , India is the second-largest producer of reclaimed rubber after China. India is a big user, producer and expanding Automotive growth in India is robust which drives the Butyl reclaim rubber market. Companies in this market are focused on strategic acquisitions to stay competitive in this market. Moreover, expanding presence in China and India for increased market share is also the focus of large companies in this market. Some other important consumers of butyl reclaim rubber in the region include Malaysia, Vietnam, Hong Kong, Macau, Indonesia, Australia, and Republic of Korea.


The expansion of the automotive industry and the demand for tires are projected to bolster the market's growth in Latin America. Some of the important consumers of butyl reclaim rubber in the region include Brazil, Argentina, Mexico, Ecuador and Chile.


In Middle East And Africa, cities expand beyond their boundaries, unwanted tires accumulate in precious lands that could have otherwise been used to cultivate crops or construct buildings. Asian Rubber Industry FZ LLC is manufacturers, suppliers and exporters of different types of Reclaim Rubber Products in UAE. These are used in the automobile tubes, tire inner liners, hoses, sound dampers, adhesives, and a wide range of rubber-moulded goods. Some of the important consumers of butyl reclaim rubber in the region include UAE, Turkey, Saudi Arabia, and South Africa.


Competitive Landscape


The global Butyl Reclaimed Rubber market is profitable, both for existing players as well as new entrants. The market is highly competitive with all the players competing to gain a higher market share. Intense competition, rapid advances in butyl reclaimed rubber technology, and regulations are key factors that confront the market growth. A substantial level of rivalry is observed among the existing manufacturers in the market. Our analysis revealed that market players had adopted different strategies and innovative research and development techniques to expand their business and secure their position in the global butyl reclaimed rubber market. In recent years, strategic movements by major players included approvals, which have been used as market penetration strategies and a means to reduce competition. The key players profiled in the global butyl reclaimed rubber analysis 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. The industry is characterized by the presence of several small-scale industrial producers with obsolete production technologies and limited capacity, especially in developing nations such as India, which has lent a significant advantage to new industry participants with better processing technologies.


Report Overview:


The Butyl Reclaimed Rubber market is segmented by application and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global Butyl Reclaimed Rubber emerging and fast-growing segments, regions, and countries.


Objectives of the Study



  • To get a comprehensive overview of the global Butyl Reclaimed Rubber market

  • To get wide-ranging information about the key factors driving the market and market opportunities

  • To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments

  • To gain insights about the key country/region in which the market is growing


Intended Audience



  • Industrial sector

  • Tubes Industry

  • Tire Industry



Report Scope:

Report Attribute/Metric Details
  Market Size    2030: USD 1,457.9 Million
  CAGR   12.10% (2022-2030)
  Base Year    2021
  Forecast Period    2022-2030
  Historical Data    2019
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered    Application
  Geographies Covered   North America ,Europe, Asia-Pacific,South America, Middle East & Africa
  Key Vendors   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   Surging consumer awareness regarding the cost-effective and eco-friendly
  Key Market Drivers   Increase demand in heavy heavy-duty vehicles


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Frequently Asked Questions (FAQ) :

The global Butyl Reclaimed Rubber market would register a growth of 12.10%.

Adhesives industry, will play a crucial role in taking the Butyl Reclaimed Rubber market ahead