Global recycled rubber market accelerates growth

India's "Asia Rubber" website reported that a study published by Polaris Market Research said that the global reclaimed rubber industry will accelerate growth and is expected to reach a market valuation of $6.53 billion by 2026, at a CAGR of 12.03%. In terms of revenue, whole tire recycled rubber (WTR) dominated this market in 2018, while North America accounted for the majority of the global market share in that year. The booming automotive and aerospace industries are the major drivers of the reclaimed rubber market. Rising natural rubber prices are forcing automakers to shift to products with lower processing costs