PUBLISHER: Grand View Research | PRODUCT CODE: 1654503
PUBLISHER: Grand View Research | PRODUCT CODE: 1654503
The global reclaimed rubber market size is expected to reach USD 2,514.88 million by 2030, registering a CAGR of 7.72% from 2025 to 2030, according to a new report by Grand View Research, Inc.
The market is projected to witness substantial growth due to increasing consumption from end-use, coupled with propelling demand from automotive & aircraft tires, owing to technological developments that have increased their processing advantages in tire application. However, footwear is anticipated to be the fastest-growing segment with high consumption of shoe soles, heels, and liners.
The Asia Pacific emerged as the dominant region, accounting for over 53% of market value in 2021 and is also anticipated to be the fastest-growing region during the forecast period. The growing automotive & aerospace industry, especially in China, Thailand & India is expected to remain a significant factor influencing demand over the forecast year. Furthermore, increasing industrial manufacturing activities in the region have led to high product demand in non-tire applications such as battery boxes, consumer goods, medical molded, and mats & flooring.
Whole tyre reclaimed rubber dominated the reclaimed rubber market across the product segmentation in terms of revenue, accounting to a market share of 45.74% in 2024. To create a high-grade and endured product, the carbon black is filled into the thread portion of scrap tires. EPDM rubber is a terpolymer of propylene, ethylene, propylene, and a diene component. It has ethylene content in the range of 45% to 85% and higher ethylene content offers better mixing and extrusion.
The industry is characterized by the presence of several small scale industrial producers with antiquated production technologies and limited capacity, especially in developing nations such as India, which has provided a significant advantage to new industry participants possessing better processing technologies.