India Reclaimed Rubber Market Size & Outlook, 2021-2028
India reclaimed rubber market, 2017-2028 (US$M)
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India reclaimed rubber market highlights
- The India reclaimed rubber market generated a revenue of USD 82.9 million in 2021 and is expected to reach USD 181.9 million by 2028.
- The India market is expected to grow at a CAGR of 11.9% 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 82.9 million |
| Market revenue in 2028 | USD 181.9 million |
| Growth rate | 11.9% (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, India accounted for 7.9% 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 Asia Pacific, China reclaimed rubber market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 181.9 million by 2028.
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Reclaimed Rubber Market Scope
Reclaimed Rubber Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 46.92% in 2021. Horizon Databook has segmented the India 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.
India holds a strong position in the international heavy vehicles segment as for the manufacturing of heavy trucks, bus, and tractors. According to Invest India, a National Investment Promotion and Facilitation Agency in India, the country is expected to is expected to be the world's third-largest automotive market in terms of volume by 2026.
However, the growing raw material prices have forced tire manufacturing companies to increase the prices of tires manufactured from conventional virgin rubber. Also, the escalating fuel prices in India has made it a costly affair to purchase new vehicles.
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Our clientele includes a mix of reclaimed rubber market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India reclaimed rubber market , including forecasts for subscribers. This country databook contains high-level insights into India reclaimed rubber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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India reclaimed rubber market size, by product, 2017-2028 (US$M)
India Reclaimed Rubber Market Outlook Share, 2021 & 2028 (US$M)
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