Market revenue in 2021 | USD 139.9 million |
Market revenue in 2028 | USD 278.9 million |
Growth rate | 10.4% (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 43.39% in 2021. Horizon Databook has segmented the U.S. 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 Organization of Motor Vehicle Manufacturers (OICA), the U.S. was the leading producer of commercial vehicles in the world in 2020. Despite the outbreak of the pandemic, the country witnessed a rise in demand for pickup trucks in 2020.
Ford Motor’s F-Series truck retained its dominance followed by pickups from General Motors and Fiat Chrysler. Tire retreading is commonly observed in heavy-duty commercial vehicles since replacing tires is expensive and tire retreading provides a feasible and economical option to commercial vehicle owners.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. reclaimed rubber market , including forecasts for subscribers. This country databook contains high-level insights into U.S. reclaimed rubber market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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