Mumbai, March 20 -- Increasing applications of reclaim rubber in various end-use industries, growing preference for reclaim rubber over synthetic rubber due to fluctuating oil prices, stringent government regulations to promote recyclable material usage etc. are driving the growth of global reclaim rubber market. However, emergence of innovative elastomer-based products, increasing radialisation, advent of tubeless tyres, fluctuating crude oil prices etc. are posing a threat to the industry.

Reclaim rubber is widely recognised as the third source of rubber after natural rubber and synthetic rubber. According to experts, reclaimed rubber use is expected to grow slightly faster than that of natural rubber and synthetic rubber in the future...