Latin America Reclaimed Rubber Market Size & Outlook
Latin America reclaimed rubber market, 2017-2028 (US$M)
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Latin America reclaimed rubber market highlights
- The Latin America reclaimed rubber market generated a revenue of USD 30.3 million in 2021.
- The market is expected to grow at a CAGR of 11.1% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 30.3 million |
| Market revenue in 2028 | USD 63.1 million |
| Growth rate | 11.1% (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 |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.9% of the global reclaimed rubber market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,162.5 million by 2028.
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Reclaimed Rubber Market Scope
Reclaimed Rubber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 44.88% in 2021. Horizon Databook has segmented the Latin America 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.
Mining, agriculture, and automotive industries are significant contributors to the economy of Central & South America. Chile, which is known globally for the mining of copper, coal, and nitrate, has a number of regulations implemented for the proper handling of tire waste.
It also aims to recycle 90% of all tires except solid and bicycle tires, which undergo the shredding process and can be used as feedstocks for reclaimed rubber manufacturing.
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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 continent-level data and insights on the Latin America reclaimed rubber market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America reclaimed rubber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America reclaimed rubber market size, by country, 2017-2028 (US$M)
Latin America Reclaimed Rubber Market Outlook Share, 2021 & 2028 (US$M)
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