In 2023, imports of reclaimed rubber in primary forms or in sheets to the US were recorded at $55.33 million. Forecasts predict a steady increase from 2024 to 2028, with the import value growing from $55.71 million in 2024 to $57.499 million by 2028. This indicates a consistent year-on-year increase with an average compounded annual growth rate (CAGR) of 0.78% over the five-year period.
Future trends to watch for include:
- The development of sustainable materials, which could impact reclaimed rubber demand.
- Potential trade policy changes affecting import costs and regulations.
- Technological advancements in recycling processes that could influence supply dynamics.
