19-Aug-2021 | Zion Market Research
The global Reclaimed Rubber market accounted for USD 2.5 Billion in 2020 and is expected to reach USD 5.6 Billion by 2028, growing at a CAGR of around 10.5% between 2021 and 2028.
The report covers forecast and analysis for the Reclaimed Rubber market on a global and regional level. The study provides historic data of 2016 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study includes drivers and restraints for the Reclaimed Rubber market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Reclaimed Rubber market on a global level.
This report offers comprehensive coverage on global Reclaimed Rubber market along with, market trends, drivers, and restraints of Reclaimed Rubber market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Reclaimed Rubber market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, secondary and primary research team of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data exists in this report.
The study provides a decisive view on the Reclaimed Rubber market by segmenting the market based on type of product, application, and regions. All these segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2028. The product covered under this study includes Whole Tire Reclaim (WTR), Butyl Reclaim, Ethylene Propylene Diene Monomer (EPDM), Drab & Colored, and Others.
The application based market covered under this study includes Automotive & Aircraft Tires, Cycle Tires, Retreading, Belts & Hoses, Footwear, Molded Rubber Goods and Others.
Asia-Pacific was the largest market for reclaimed rubber in 2020 and is expected to continue being a major market during the forecast period. It accounted for more than 62% share of the total revenue of reclaimed rubber market. The growth in the region is mainly attributed to the growing industrial manufacturing activities. Developed countries are expected to witness growth at below-average rates as compared to other regions across the globe. However, rebounding rubber market coupled with recovery in the automobile sector is expected to drive reclaimed rubber consumption in North America & Europe.
Browse the full “Reclaimed Rubber Market by Product (Whole Tire Reclaim (WTR), Butyl Reclaim, Ethylene Propylene Diene Monomer (EPDM), Drab & Colored, and Others) By Application (Automotive & Aircraft Tires, Cycle Tires, Belts & Hoses, Footwear, Molded Rubber Goods, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/reclaimed-rubber-market
The global Reclaimed Rubber Market is segmented as follows:
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