The rubber choppers market is expected to grow at a significant pace over the forecast period from 2020 to 2027
Rubber Chopper is a coarse grinding machine equipped with an anvil, hammer, orifice plate, and cut-off knife. The machine uses shearing and crushing forces for size reduction which are generated by the slowly rotating rotor. It comes with a durable structure for its purpose and operating condition. Natural rubber, synthetic rubber, and regenerated rubber are usually transported in large blocks to the manufacturers of tire and others as a raw material. Thereafter, a primary grinding operation is required for quickening the mixing process which is necessary and ideal for making further products. And the rubber chopper is the ideal machine for this primary grinding operation. Rubber chopper has a low abrasion and noise level due to its operation at very low rotation speeds. It also requires low power levels as well as requires very low maintenance.
The automotive tire companies are continuously making efforts for product differentiation by offering new technologies. The tire manufacturers are also developing sustainable tires that are cost-effective and meet scrupulous performance standards. The tire industry is also making possible efforts for sustainable growth and is incorporating the use of new and green raw materials to reduce carbon footprints. These are some of the major factors driving the rubber choppers market growth.
On the other hand, the recent COVID-19 pandemic is restraining the rate of production and supply in the manufacturing sector. Furthermore, gradual resumption of operations and investments observed in associated end-use industries are projected to recover the market in the near future.
The rubber choppers market is segmented on the basis of product type, application, end-use industry, and geography. Based on type, the market is low rotation speed, medium rotation speed, and high rotation speed. The rubber choppers find application across butadienes, high impact polymers, isoprenes, nitriles, styrene-butadiene, butyrates, natural rubbers, butyls, and reclaim. On the basis of the end-use industry, the market is bifurcated into tires, plastics, adhesives, and others. By geography, the market is divided across North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Additionally, the mentioned prominent regions are further segregated into major respective countries in the final research report.
Asia Pacific accounted for the maximum revenues share in the Rubber choppers Market
In 2019, Asia Pacific registered maximum revenue share in the rubber choppers market and the region is also projected to maintain its dominance throughout the forecast period from 2020 to 2027. The region along with its major developing economies China and India are likely to exhibit the fastest growth with maximum CAGR (%) throughout the forecast timeframe. The increasing demand and production of automotive tires in the region are primarily supporting the regional market value. The presence of some of the major players in the region is further bolstering the regional market growth.
Key Market Players
The players profiled in the report include Aleha (Belgium), Bepex International LLC (Minnesota), Feeco International, Inc. (US), Goodyear Tire and Rubber Company (US), Haixiang Machinery (China), Henan Xinshichang Machinery Manufacturing, Hosokawa Micron Corp. (Japan), Jingyuan, Komarek, Zhejiang Fengli Powder Project, and Zhengzhou Asia Rubber Machinery. The major players are involved in continuous research & development in order to expand their market share. The well-manufactured and designed structure of major players offers a high-powered grinder ideally suited for the reduction of bulk polymer materials in dissolution and waste recovery applications, minimal downtime due to its rugged design, and optional rotating cut-off knives to further reduce chunks for a more granulated final product.
Goodyear Tire & Rubber Company (US) has experienced a major fall of around 3.5% after President Trump's tweet, which stated "Don’t buy GOODYEAR TIRES" on August 2020. At the morning of the post shares were around $9.60 and the price fell to about $9.32 in the hours following the tweet.
Market By Product Type
Low Rotation Speed
Medium Rotation Speed
High Rotation Speed
Market By Application
High Impact Polymers
Market By End Use Industry
Market By Geography
Middle East & Africa