Market revenue in 2021 | USD 230.5 million |
Market revenue in 2028 | USD 453.9 million |
Growth rate | 10.2% (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 46.46% in 2021. Horizon Databook has segmented the Europe 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.
Reclaimed rubber market in Europe is expected to witness growth during the forecast period owing to a number of initiatives such as the Black Cycle project undertaken in the region.
The Black Cycle project, which is funded by Horizon 2020 of the European Union and was launched in May 2020, aims at developing and optimizing a full value chain of reclaimed rubber from the end-of-life feedstocks like tire waste to secondary raw materials (SRM) for the development of a new range of tires for trucks and passenger cars to be sold commercially in the European and global markets.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe reclaimed rubber market , including forecasts for subscribers. This continent databook contains high-level insights into Europe reclaimed rubber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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