Market revenue in 2021 | USD 207.4 million |
Market revenue in 2028 | USD 446.7 million |
Growth rate | 11.6% (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 47.16% in 2021. Horizon Databook has segmented the China 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.
Based on automotive trade data collected by the International Trade Administration, China continues to be the world’s largest vehicle market by both annual sales and manufacturing output and its domestic production is expected to reach 35 million vehicles by 2025.
China has since become a world leader in manufacturing chemicals, car parts, and steel on account of cheap labor and investments provided by state government and foreign companies.
Horizon Databook provides a detailed overview of country-level data and insights on the China reclaimed rubber market , including forecasts for subscribers. This country databook contains high-level insights into China reclaimed rubber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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