DUBLIN, Jan. 16, 2018 /PRNewswire/ --
The "Global Reclaimed Rubber Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
The global reclaimed rubber market to grow at a CAGR of 10.33% during the period 2017-2021.
Global Reclaimed Rubber Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
According to the report, one driver in the market is increasing demand for reclaimed rubber in APAC. APAC accounted for the largest market share of the global reclaimed rubber market in 2016. It is anticipated to be the fastest growing market during the forecast period due to the rapid advances in manufacturing technology and the high demand for rubber from various industries in Indonesia, India, Vietnam, Thailand, and China. Furthermore, the expanding automotive and aerospace industries, especially in China, Thailand, and India, are likely to drive the demand for reclaimed rubber during the forecast period.
One trend in the market is increasing demand for reclaimed rubber tires from automotive industry. The growth of the automotive industry has resulted in high demand for reclaimed rubber tires. Reclaimed rubber is used in automotive tires to improve its resistance to sunlight, ozone, heat, and mechanical stress. With the rising use of tires in vehicles, the demand for reclaimed rubber will increase during the forecast period.
Further, the report states that one challenge in the market is price fluctuations of crude oil. Reclaimed rubber is recycled rubber which is reused to avoid environmental hazards. Reclaimed rubber also contains synthetic rubbers such as butyl reclaim, WTR, and others. Synthetic rubber is made from crude oil. The price of petrochemicals is dependent on crude oil prices, which fluctuates with the gap in demand and supply in the oil market. This fluctuating price of crude oil has ultimately affected the prices of reclaimed rubber's raw material.
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- Fishfa Rubbers
- Rolex Reclaim
- Sun Exim
- Swani Rubber Industries
Other prominent vendors
- Arihant Oil & Chemicals
- DEV RUBBER FACTORY
- High Tech Reclaim
- MSS Rubber & reclaims
- Minar Reclamation
- Miracle Rubbers
- Revlon Rubbers
- Sapphire Reclaim Rubber
- SASA Rubbers
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation By Product Type
Part 09: Market Segmentation By Application
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/76tt8w/global_reclaimed?w=5
Research and Markets
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SOURCE Research and Markets