Market revenue in 2021 | USD 546.8 million |
Market revenue in 2028 | USD 1,162.5 million |
Growth rate | 11.4% (CAGR from 2021 to 2028) |
Largest segment | Whole tyre reclaim rubber |
Fastest growing segment | EPDM Reclaim Rubber |
Historical data covered | 2017 - 2020 |
Base year for estimation | 2021 |
Forecast period covered | 2022 - 2028 |
Quantitative units | Revenue in USD million |
Market segmentation | Whole Tyre Reclaim Rubber, Butyl Reclaim Rubber, EPDM Reclaim Rubber, Other products |
Key market players worldwide | Shandong Ruibote New Material Co |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to reclaimed rubber market will help companies and investors design strategic landscapes.
Whole tyre reclaim rubber was the largest segment with a revenue share of 46.27% in 2021. Horizon Databook has segmented the Asia Pacific reclaimed rubber market based on whole tyre reclaim rubber, butyl reclaim rubber, epdm reclaim rubber, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Asian countries such as China, Indonesia, Vietnam, Thailand, India, and Japan are expected to emerge as primary growth markets for reclaimed rubber due to extensive rubber tire production in these countries.
To tap into this growing trend, many tire manufacturing companies based in the Asia Pacific region are collaborating with footwear manufacturing companies to manufacture footwear of used tires as a part of their sustainability goals.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific reclaimed rubber market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific reclaimed rubber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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