Market revenue in 2021 | USD 37.8 million |
Market revenue in 2028 | USD 74.2 million |
Growth rate | 10.1% (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 45.5% in 2021. Horizon Databook has segmented the Germany 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.
Germany is one of the prominent producers of passenger cars in the European Union. This leads to increased tire waste issues in the country.
WDK, an organization of Germany-based manufacturers of tires and technical elastomers published a report, which showed that 251 kilotons of end-of-life tires were processed into granulates and rubber crumbs in Germany in 2019 under the NEW LIFE initiative.
The growing automobile production in the country is expected to generate increased tire waste, thereby driving the growth of the market for reclaimed rubber in Germany from 2021 to 2028.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany reclaimed rubber market , including forecasts for subscribers. This country databook contains high-level insights into Germany reclaimed rubber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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