Market revenue in 2021 | USD 12.6 million |
Market revenue in 2028 | USD 26.6 million |
Growth rate | 11.3% (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 46.83% in 2021. Horizon Databook has segmented the Mexico 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.
According to the International Trade Administration and U.S. Department of Commerce, Mexico is the sixth-largest manufacturer of passenger vehicles in the world and produces approximately three million vehicles annually.
Thus, several automotive manufacturing plants and the rising automobile production in Mexico are expected to generate massive demand for rubber tires, which is expected to drive the growth of the Mexican reclaimed rubber market in the coming years.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico reclaimed rubber market , including forecasts for subscribers. This country databook contains high-level insights into Mexico reclaimed rubber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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