#Reclaimed #Rubber #Market #Worth #USD #Billion
New York, USA, Oct. 17, 2022 (GLOBE NEWSWIRE) — Reclaimed Rubber Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Reclaimed Rubber Market Information by Type, Application, and Region – Forecast till 2030”, the market is estimated to grow at a 10.56% CAGR to reach USD 6.9 Billion by 2030.
Market Scope:
Reclaimed Rubber is trustworthy rubber delivered after going through multiple thermo-synthetic cycles. Reclaimed Rubber is relaxed by shortening the polymer chain. Cars, planes, rethreading, belts and hoses, shoes, and cement are just some of the places you can find it put to use. In the following years, these aspects are projected to promote the reclaimed rubber market growth. It’s better suited to uses that call for a rubber that is both airtight and waterproof. In contrast to virgin butyl rubber, butyl recovered rubber vulcanizes more rapidly and has a higher polarisation, giving it extensive range with other types of rubber and managed to improve ageing resistance.
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Report Scope:
| Report Attribute | Details |
| 2030 Market Size | 2030: USD 6.9 Billion |
| CAGR | 10.56% (2021–2030) |
| Base Year | 2020 |
| Forecast Period | 2021–2030 |
| Historical Data | 2019 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Application and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Developing Adoption from the Automotive Sector is driving the Market Growth |
| The rising interest for vehicle tires and tubing is well reflected in the worldwide market |
Competitive Dynamics:
Particularly in developing countries, the presence of numerous small-scale industrial producers using antiquated production technologies and having limited capacity has given new industry entrants with…
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