Reclaimed rubber market to grow 10.2%

摘要

Global reclaimed rubber market, valued at US$ 2.09 billion in 2016, is expected to reach US$3.75 billion in 2022 and is anticipated to grow at a CAGR of 10.2% between 2017 and 2022, according to a new report published by Zion Market Research. The report says that the expanding automotive and aerospace industries in emerging economies such as Thailand, Malaysia, India and China have boosted the demand of the market.