Middle East & Africa Reclaimed Rubber Market Size & Outlook
Middle East & Africa reclaimed rubber market, 2017-2028 (US$M)
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MEA reclaimed rubber market highlights
- The MEA reclaimed rubber market generated a revenue of USD 60.8 million in 2021.
- The market is expected to grow at a CAGR of 10.8% 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, Gulf Cooperation Council is expected to register the highest CAGR from 2022 to 2028.
MEA data book summary
| Market revenue in 2021 | USD 60.8 million |
| Market revenue in 2028 | USD 124.4 million |
| Growth rate | 10.8% (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, MEA region accounted for 5.8% 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.
Key Regions: U.S. , UK , Japan , Brazil , Gulf Cooperation Council
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Reclaimed Rubber Market Scope
Reclaimed Rubber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 45.89% in 2021. Horizon Databook has segmented the Middle East & Africa 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.
Automotive is among the fastest-growing industries in the Middle East. The growth of the market in this region can be attributed to high disposable income, along with significant infrastructure developments being carried out in the Middle East.
The presence of abundant oil reserves and the laws passed in the region to allow women to drive cars have further fueled the growth of the automotive industry in the Middle East. The increase in the number of automobiles in the region has led to the problem of tires being dumped in landfills.
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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 Middle East & Africa reclaimed rubber market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa reclaimed rubber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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MEA reclaimed rubber market size, by country, 2017-2028 (US$M)
Middle East & Africa Reclaimed Rubber Market Outlook Share, 2021 & 2028 (US$M)
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