Asia Pacific Reclaimed Rubber Market Size & Outlook
Asia Pacific reclaimed rubber market, 2017-2028 (US$M)
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Asia Pacific reclaimed rubber market highlights
- The Asia Pacific reclaimed rubber market generated a revenue of USD 546.8 million in 2021.
- The market is expected to grow at a CAGR of 11.4% from 2022 to 2028.
- In terms of segment, whole tyre reclaim rubber was the largest revenue generating product in 2021.
- EPDM Reclaim Rubber is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2028.
Asia Pacific data book summary
| 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 |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 52.3% of the global reclaimed rubber market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,162.5 million by 2028.
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Reclaimed Rubber Market Scope
Reclaimed Rubber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific reclaimed rubber market outlook
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.
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Target buyers of Asia Pacific reclaimed rubber market databook
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Our clientele includes a mix of reclaimed rubber market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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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Asia Pacific reclaimed rubber market size, by country, 2017-2028 (US$M)
Asia Pacific Reclaimed Rubber Market Outlook Share, 2021 & 2028 (US$M)
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