UK Reclaimed Rubber Market Size & Outlook, 2021-2028
UK reclaimed rubber market, 2017-2028 (US$M)
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UK reclaimed rubber market highlights
- The UK reclaimed rubber market generated a revenue of USD 24.0 million in 2021 and is expected to reach USD 49.1 million by 2028.
- The UK market is expected to grow at a CAGR of 10.7% 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 24.0 million |
| Market revenue in 2028 | USD 49.1 million |
| Growth rate | 10.7% (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, UK accounted for 2.3% 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 Europe, Germany reclaimed rubber market is projected to lead the regional market in terms of revenue in 2028.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 28.7 million by 2028.
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Reclaimed Rubber Market Scope
Reclaimed Rubber Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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% in 2021. Horizon Databook has segmented the UK 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.
This was majorly due to the rising number of short-distance deliveries for niche goods ordered by customers through ecommerce platforms in the country that helped the e-commerce companies in managing the freight costs incurred due to the use of gasoline-powered vehicles.
Moreover, the Government of the UK gave passes to bike shops to operate as an essential service during the pandemic. This boosted the sales of bicycles in the country. The implementation of the Environmental Act 2021 in the UK has made it illegal to scrap bike tires in the country.
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Our clientele includes a mix of reclaimed rubber market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK reclaimed rubber market , including forecasts for subscribers. This country databook contains high-level insights into UK reclaimed rubber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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UK reclaimed rubber market size, by product, 2017-2028 (US$M)
UK Reclaimed Rubber Market Outlook Share, 2021 & 2028 (US$M)
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