Reclaimed Rubber Market, By Product (Whole Tire Reclaim, Butyl Reclaim, Ethylene Propylene Diene Monomer, Drab & Colored, and Others), By Application (Automotive & Aircraft Tires, Retreading, Footwear, Molded Rubber Goods, Belts & Hoses, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2034

Reclaimed Rubber Market was valued at US$ 1.4 Billion in 2024 and is projected to grow at a CAGR of 6.7% to reach US$ 2.6 Billion by 2034.

Reclaimed rubber is cured or recycled rubber obtained from various thermochemical process. This process softens and swells the rubber by shortening polymer chain. The reclaimed rubber is used in manufacturing of wheels, tires, and belt & hoses with surging demand for automobiles globally. It is also used in aircraft and footwear industry. Reclaimed rubber is preferred over natural rubber as it is ecofriendly and cost-effective.

Increasing inclination of manufacturers towards rubber recycling, owing to rising natural rubber prices is one of the major factor expected to aid in growth of the global reclaimed target market over the forecast period.  Due to the resistance to heat and ultraviolet light, the demand of reclaimed rubber is growing in automotive industry thus propelling the growth of the reclaimed rubber market. Increasing use of reclaimed rubber in manufacturing of footwear is another factor driving growth of the target market. Increasing awareness of people towards environment as reclaimed rubber is eco-friendly has boosted the growth of the target market. However, the introduction of products manufactured from innovative elastomer based is major restraint for growth of the reclaimed rubber market.

Reclaimed rubber market is segmented on the basis of product, application and region. Based on product, the reclaimed rubber market is divided into whole tire reclaim, butyl reclaim, ethylene propylene diene monomer, drab & colored and others. The ethylene propylene diene monomer product segment is expected to witness the higher growth rate in terms of revenue over the forecast period. On the basis of application, the reclaimed rubber market is bifurcated into automotive & aircraft tires, retreading, footwear, molded rubber goods, belts & hoses, and others. The other application segment is further divided into Roofing, Matting, Adhesives, etc. The automotive & aircraft tires application segment is accounted for largest market share and is expected to show steady growth over the forecast period.

On the basis of region, the reclaimed rubber market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is accounted for highest revenue share and is expected to maintain its dominance over the forecast period, owing to the growing automotive industry in the countries like India, and china. This is also attributed to the presence of reclaimed rubber manufacturer in the region. North America accounts for second highest revenue share followed by Europe, Latin America, and Middle East & Africa respectively. North America is projected to witness a moderate growth over forecast period due to the rising industrial activities in the region such as mats, floors, belts, etc.

Key players operating in the reclaimed rubber market are Fishfa Rubbers Ltd., Rolex Reclaim Pvt. Ltd , Sun Exim, Swani Rubber Industries, HUXAR, Minar Reclamation Pvt. Ltd, Miracle Rubbers, MICHELIN, Revlon Rubbers Private Limited, and  High Tech Reclaim Pvt. Ltd.