Industry and News Reclaimed Rubber Market | Page 2

based on product type, application, and region. Reclaimed Rubber Market is classified, by product
type into Drab & Colored, Whole Tire Reclaim (WTR), EPDM, Butyl Reclaim, and others. Whole Tire
Reclaim (WTR) segment held the largest market share of Reclaimed Rubber Market and is expected
to remain dominant in foremost period. On the other hand, Ethylene propylene diene monomer
(EPDM) segment is expected to grow at fastest pace in the upcoming years. The reason being,
decrease in electricity consumption, enhanced speed extrusion, and high ozone resistance.
Reclaimed Rubber Market is classified, by application into Retreading, Molded Rubber Goods,
Automotive & Aircraft Tires, Footwear, Cycle Tires, and Belts & Hoses. The Automotive & Aircraft
Tires segment accounted for the largest market share of Reclaimed Rubber Market and is estimated
to remain dominant over the forecast period. This is mainly due to, technological developments,
and rise in natural rubber prices. Thus, the segment is estimated to grow at highest CAGR in terms
of volume in the upcoming years. Whereas, cycle tires segment is expected to grow at fastest pace
in future. Also, footwear segment is projected to grow gradually with high consumption in shoe
soles, heels and liners. Reclaimed Rubber Market is segmented, geographically into America (North
America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America,
Middle East and Africa.
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Globally, Asia Pacific regional market accounted for the largest market share of Reclaimed Rubber
Market in terms of volume and will lead the overall market in future. Moreover, Asia pacific is
estimated to be the fastest growing region in future. This is mainly due to, developing automotive
and aerospace industry particularly in emerging countries such as China, Thailand, and India.
Moreover, lower labor cost attracts the key manufacturers in this region and the ban on landfills in
the European Union has also led to recyclers focusing more on Asia Pacific. On the other hand,
North America and European regional market is expected to grow at lucrative pace in future. The
key players of Reclaimed Rubber Market are, Michelin, Gujrat Reclaim & Rubber Product Ltd., Swani
Rubber Industries, J.Allcock & Sons, Balaji Rubber Reclaim, Rolex Reclaim Pvt. Ltd., Titan
International Ltd., Huxar Reclamation, Genan and Star Polymers.