The global rubber products market was expected to grow from $327.4 billion in 2020 to $359.7 billion in 2021 at a compound annual growth rate (CAGR) of nine percent. The market is further expected to reach $442.8 billion in 2025 at a CAGR of five percent. The replacement demand for tyres and the transfer from shared mobility to owned mobility amidst the pandemic is continuing to drive the industry to grow further. As the demand in the tyre industry grows it gives rise to the need of managing the disposal of end of life tyres. This increase in demand for tyre disposal has given rise to businesses that are looking at circular solutions that puts the recycled content back in the newly manufactured tyres.
This also puts a huge responsibility on the reclaimed rubber manufactures to ensure that the quality and standards are top-notch. Established in 1974 GRP is one of the most well-recognized manufacturers of reclaimed rubber from used tyres, upscaled polyamide from nylon waste, and engineered products die-cut from end-of-life tyres. “The use of sustainable materials and circular solutions across the tyre and plastics industry is growing rapidly and GRP is working closely with brand owners, material manufacturers to provide technologically superior recycled solutions” says Harsh Gandhi, Joint Managing Director, GRP.
GRP operates in five business verticals that include Industrial Polymers, Reclaim Rubber, Retreading, Custom Die Forms, and Rubber
Composite. Partnering with different reclaimed tyre manufacturers, it helps them use advanced technology and ensure unmatched production of tyres and tyre formulation. It has established eight manufacturing units across India capable of recycling upwards of one million waste tyres or the equivalent of 75,000 tons of Rubber & Plastics. The company offers its services to the global polymer industry and assists it in the strive to save valuable and essential resources of the planet. It ensures that used tyres and other waste that it receives at its facilities are used by either of its businesses to ensure zero waste and value addition through Reuse, Reduce & Recycling.
Started as a tyre recycling company, in the last five years GRP has also diversified into other aligned areas to truly reflect the nature of the circular economy that the company is highly passionate about. It has established a joint venture with an Italian company where it deals with re-treading of tyres. It also recovers the fiber from tyres, discarded fishnets & textile waste to recover nylon for use in the Engineering plastic industry. It also uses recycled rubber along with household plastic waste to produce composite material for use as a substitute to wood & concrete in the transportation, defence, oil & gas sectors helping reduce environmental degradation.
A clean and sustainable environment is the need of the hour and GRP is invested in the drive to have a better future for all
With years of presence in the market, GRP has worked with a number of businesses globally and has earned a name for itself in the sector. “Helping our customers fulfil their environmental obligations and collaborating for value added solutions has helped build strong customer relationships that focus on delivering enhanced value," Harsh adds. GRP works with a focus on up-skilling and uplifting the supply chain partners who are from below poverty line backgrounds as part of its commitment to social inclusion. A people-friendly approach is what the company implements along with unparalleled CSR agenda that is aimed at creating a sustainable business for its plethora of stakeholders.
A clean and sustainable environment is the need of the hour and GRP is works with the mission to have a better future for all. The tyres that would otherwise go to landfills and pollute the same are recycled by the company and are made usable again in the market. These used tyres are procured and offered to the company by a number of underline workers and the company offers a livelihood to them as well. “We will continue to stay committed in our goal of a better tomorrow and come up with more innovative ways to reduce the wastage of these used rubber products,” Harsh concludes.
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