According to the report, the global reclaimed rubber market is likely to grow from USD 1.8 Billion in 2025 to USD 4.6 Billion in 2035 at a highest CAGR of 7.2% during the time period. The worldwide recovered rubber market is being fueled by accelerating levels of circular-economy requirements, rising end-of-life tire (ELT) gathering infrastructures, and increasing industrial demand of less expensive, less carbon input stocks in automobile, construction, and infrastructure utilizations.
Original equipment manufacturers and major retailers are sourcing recycled rubber under regulatory pressure and voluntary sustainability commitments, such as Liberty Tire Recycling in its 2024 sustainability update reported it collected over 215 million end-of-life tires and reclaimed over 2.35 million tons of rubber, showing feedstock in reclaimed products can be scaled up. The advancement in technology in mechanical and chemical reclamation is creating better quality reclaimed rubbers-Genan 2024 annual accounts records record sales of rubber granules as circular products gain industrial acceptance, industry bodies (such as the Bureau of International Recycling and the European Tyre and Rubber Manufacturers Association) are demanding more ambitious recycling and recycling standards to create demand and boost confidence in the supply chain.
Concurrently, increased volatility of raw-materials and carbon-reduction obligations create reclaimed rubber as an appealing alternative to virgin rubber in the compounding and asphalt additive sectors.
One of the major forces in the global reclaimed rubber market is the booming electric vehicle (EV) market, who manufacturers are examining ways of sustainable tire and component solutions to mitigate the lifecycle emissions. In 2024, Michelin also pursued the further development of the partnership with Carbios, intended to scale the enzymatic recycling technology that was aimed at the production of the high-quality secondary rubber products to be used in EV tires.
One major limitation is the unreliability in the quality of reclaimed rubber, given that the difference in feedstock and processing can easily lead to performance differences with virgin rubber. In 2023, Bridgestone also noted these issues in its technical brief, stating that reclaimed inputs have uneven tensile strength and durability, limiting their use in high-performance tires segments.
A key potential relies towards the development of infrastructure where reclaimed rubber is being incorporated more in asphalt modification to enhance the durability of roads and cost of maintenance is minimized. In 2024, the U.S. Federal Highway Administration broadened pilot projects on the use of crumb rubber-modified asphalt in interstate networks indicating a massive application outside the conventional tire production.
Prominent players operating in the global reclaimed rubber market are All American Tire Recycling, Balaji Rubber Industries, CRM Rubber, Dyna-Mix, Eco Green Equipment, Elgi Rubber, Entech Inc., Genan, GroundRubber Technologies, GRP Ltd., GVR Trading & Co., HUXAR Reclamation, J. Allcock & Sons Ltd., Klean Industries, Michelin, Rolex Reclaim Pvt. Ltd., Rubber Resources BV, Rubber Solutions, RubberGreen, S&J Granulate Solutions, Shengzhou City Sanhe Rubber Co., SNR Reclamations Pvt. Ltd., Star Polymers, Sun Exim, Swani Rubber Industries, Tyrec Ltd., and Other Key Players.
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