Market revenue in 2021 | USD 177.4 million |
Market revenue in 2028 | USD 356.4 million |
Growth rate | 10.5% (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 |
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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 43.8% in 2021. Horizon Databook has segmented the North 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.
North America is the largest importer of rubber tires and one of the major importers of rubber owing to high demand for the product from the automotive, aviation, construction, and electrical sectors.
In January 2020, American tire manufacturer, The Goodyear Tire & Rubber Company, and Rubber-Cal, a supplier of rubber flooring and mats, entered into a partnership to develop a new line of rubber flooring and mats.
According to a semi-annual report by International Air Transport Association (IATA) published in 2021, the aviation sector in North America performed well in the subsequent months after December 2020 since the government of the U.S. granted financial relief measures to the industry.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America reclaimed rubber market , including forecasts for subscribers. This continent databook contains high-level insights into North America reclaimed rubber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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