Market revenue in 2021 | USD 24.9 million |
Market revenue in 2028 | USD 51.0 million |
Growth rate | 10.8% (CAGR from 2021 to 2028) |
Largest segment | Whole tyre reclaim rubber |
Fastest growing segment | EPDM Reclaim Rubber |
Historical data | 2017 - 2020 |
Base year | 2021 |
Forecast period | 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 44.58% in 2021. Horizon Databook has segmented the Canada 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.
The auto manufacturing sector is one of Canada’s largest manufacturing sectors and according to the Social Security Tribunal (SST) of Canada it contributed USD 9.78 billion (CAD 12.5 billion) to the country’s GDP in 2020. Canada’s automotive market had been highly affected by the Trans-Pacific Partnership trade deal.
In January 2019, the Tires Regulation, under the Resource Recovery and Circular Economy Act, 2016, was brought into effect which mandates tire producers to be responsible for collecting and managing tires supplied to customers in Ontario by reusing, retreading, and recycling them.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada reclaimed rubber market , including forecasts for subscribers. This country databook contains high-level insights into Canada reclaimed rubber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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