NEWS
21
2023
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03
Market scale and future development trend of recycled rubber manufacturing in China
The development of China's renewable rubber manufacturing industry is undergoing rapid changes, and its market size is also growing. According to the analysis of the 2023-2029 China's recycled rubber manufacturing market dynamics and future development trend report released on Market Research Online, the market size of China's recycled rubber manufacturing industry increased from 8.638 billion yuan in 2015 to 10.678 billion yuan in 2018, with a year-on-year increase of 23.5%.
With the rapid development of China's automotive, rubber products, construction, and plastic industries, the demand for recycled rubber is increasing, and the production activities of recycled rubber manufacturing enterprises are also increasing. Currently, the products of China's renewable rubber manufacturing industry are mainly various types of tires, while other products include rubber products, rubber flooring, construction rubber, and so on.
With the policy support of the Chinese government, the development of China's renewable rubber manufacturing industry has ushered in good opportunities. Government support helps renewable rubber manufacturing enterprises implement energy conservation and emission reduction policies, improve product quality, and improve enterprise performance. In addition, the government will continue to invest in the construction and maintenance of infrastructure necessary for the development of the recycling and renewable rubber industry.
It is expected that in the next few years, the market size of China's renewable rubber manufacturing industry will continue to grow, and market demand will continue to increase. Investors can obtain good returns from enterprise development. At the same time, the government will continue to invest in the construction and maintenance of infrastructure necessary for the development of the recycling and renewable rubber industry to support the development of the industry.
Therefore, China's renewable rubber manufacturing industry will continue to develop towards scale and modernization, and the market scale will be further expanded. The market potential will be fully unleashed, with broad prospects for future development.
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