Gulf Cooperation Council Reclaimed Rubber Market Size & Outlook
Gulf Cooperation Council reclaimed rubber market, 2017-2028 (US$M)
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Gulf Cooperation Council reclaimed rubber market highlights
- The Gulf Cooperation Council reclaimed rubber market generated a revenue of USD 18.3 million in 2021 and is expected to reach USD 36.8 million by 2028.
- The Gulf Cooperation Council market is expected to grow at a CAGR of 10.5% 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.
Reclaimed rubber market data book summary
| Market revenue in 2021 | USD 18.3 million |
| Market revenue in 2028 | USD 36.8 million |
| Growth rate | 10.5% (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 |
Other key industry trends
- In terms of revenue, Gulf Cooperation Council accounted for 1.8% of the global reclaimed rubber market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Middle East & Africa, Gulf Cooperation Council reclaimed rubber market is projected to lead the regional market in terms of revenue in 2028.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 36.8 million by 2028.
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Reclaimed Rubber Market Scope
Reclaimed Rubber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Gulf Cooperation Council 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 44.26% in 2021. Horizon Databook has segmented the Gulf Cooperation Council 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.
As consumers are being financially cautious and the overall consumer confidence reducing, the purchase of preowned vehicles is expected to witness an upward trend. The growing demand for preowned vehicles along with the maintenance services is expected to create issue of old tires replacement and dumping in the region.
The growing environmental concerns arising from tire dumping are expected to push the governments of GCC countries to invest in setting up tire recycling facilities. This, in turn, is expected to contribute to the growth of reclaimed rubber market in these countries over the forecast period.
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Our clientele includes a mix of reclaimed rubber market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Gulf Cooperation Council reclaimed rubber market , including forecasts for subscribers. This country databook contains high-level insights into Gulf Cooperation Council reclaimed rubber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Gulf Cooperation Council reclaimed rubber market size, by product, 2017-2028 (US$M)
Gulf Cooperation Council Reclaimed Rubber Market Outlook Share, 2021 & 2028 (US$M)
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