Market Opportunities for Rubber Retreading Materials in Indonesia, Thailand, Philippines & Vietnam (May 2022)

74 pages. Global retreaded tyre market is expected to grow from USD 7.8 billion in 2020 to reach USD 10 1 billion in 2026 on the account of factors such as improvement in retreaded tyre quality, cost effectiveness in comparison to new tyre, increasing global vehicle parc leading to higher maintenance and repair needs and growing environmental concern. Despite the setback from the Covid 19 pandemic, latest industry analysis suggest that the global retreaded tyre market is projected to increase as the economy pulls through post pandemic containment era, growing at 4.7 CAGR through 2031. This has put rubber retreading materials market into attention where the ASEAN region has been identified as potential market due to growing demand particularly for precured treads and camelback strips. In this regard, this report aims to examine the market for rubber retreading materials in the selected ASEAN countries of Indonesia, Thailand, Philippines, and Vietnam. Comprehensive and latest information on rubber retreading materials market, factors affecting demand, import requirement, distribution channel, and competitiveness of Malaysian manufacturers are also specified in the report. Subsequently, the report also recommends strategic market entry for the Malaysian players to adopt when expanding their business in the respective export market.