SAN FRANCISCO, December 13, 2016 /PRNewswire/ --
The global reclaimed rubber market is expected to reach USD 6.32 billion by 2025, according to a new report by Grand View Research, Inc. Favorable regulations promoting sustainable and eco-friendly materials as substitutes for conventional virgin rubber is driving product demand in several end-use industries.
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Increasing consumer awareness regarding environment-friendly materials with lower processing costs & enhanced properties are driving product consumption. Automotive & cycle tires, footwear, and other molded rubber goods manufacturers have realized the benefits of recycled & regenerated rubber in these applications.
Increasing natural rubber prices, growing environmental concerns on account of waste rubber disposal in rivers, and higher energy efficiency are other key factors driving reclaimed rubber demand across the globe.
Burgeoning demand for whole tire reclaim (WTR) is anticipated to drive segment volume demand by 42% by 2025.Owing to its versatility, durability, reduced pollution and low processing costs, WTR is expected to witness growth over the forecast period. However, the emergence of innovative elastomer-based products has restricted the full growth potential of this segment.
Browse full research report with TOC on "Reclaimed Rubber Market Analysis By Product (WTR, Butyl Reclaim, EPDM, Drab & Colored), By Application (Automotive & Aircraft Tires, Cycle Tires, Retreading, Belts & Hoses, Footwear, Molded Rubber Goods), And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/reclaimed-rubber-market
Further key findings from the report suggest:
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Grand View Research has segmented the global reclaimed rubber market on the basis of product, application, and region:
Read Our Research Insight - http://www.grandviewresearch.com/research-insights/reclaim-rubber-market-insights-size-trends
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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