Recycled Elastomers Market incredible future growth | 2018 Key Players are GRP Ltd., RubberFoam Recycled Products LLC, J.Allcock & Sons Limited, Klean Industries, Genan, Rubbergreen, Entech Inc., Emanuel Tire

The massive rise in the rate of recycling industrial products has been fueling recycled elastomers market share since the last few years. Presently, elastomers find profound applications in many end-use commodities ranging from ordinary rubber bands to industrial products. The large-scale deployment of elastomers across the medical, automotive, aerospace, sports utilities, and infrastructural sectors has been generating a significant amount of scrap annually. Considering the adverse impact of elastomeric scrap on the environment, many regulatory bodies and regional governments have been encouraging the deployment of recycled elastomers for manufacturing end-use products, thereby propelling recycled elastomers industry share.

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In order to comply with the regulatory policies, recycled elastomers industry giants have been looking forward to developing effective elastomer recycling methods. In accordance, these companies have been working in research and development projects that will considerably stimulate the recycled elastomers market size over the years ahead.

Since the last few years, the demand for tires has observed a major upsurge, pertaining to the ever growing vehicle requirement. The rise in per capita income along with changing lifestyle patterns have been fueling the sale of automobiles. Considering the upcoming impact of the rise in tire scraps, leading tire manufacturers have been putting more emphasis on the use of recycled and renewable materials in tires. In line with the extensive use of recycled materials in tires, leading automotive and aerospace tire manufacturers are certain to accrue a substantial share of recycled elastomers market.

Growth in the sports industry will result as the major contributing factor for the growth of global recycled elastomers market in coming years. Reclaimed rubbers are used in playground surfaces as well as in sports grounds. Crumb rubber which is derived from end of life tires are mostly used as the infill materials for synthetic turf fields. The product is spread between the grass fibers to provide cushioning and traction to the players while they are playing. Increasing commercialization of sports events will encourage the people across the globe to play professional sports, and thus will boost the building of new playgrounds as well as repairing old ones for training and playing purposes. This will boost the recycled rubber market growth in the forecast timeframe.

Based on revenue, the recycled styrene butadiene rubber will observe a CAGR over 13% over the forecast spell. Product properties such as shock & sound absorption, non-slipperiness, light weight, permeability, insulation, and abrasion & crack resistance makes them acceptable by various industries and makes them superior over the traditional materials.

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Recycled Elastomers Market By Application

• Medical
• Agriculture
• Sports Product
• Playground Surfaces
• Infrastructure
• Home & Gardens

On the basis of volume, Asia Pacific recycled elastomers market will witness the CAGR close to 13%. Population growth and rise in disposable income of the individuals in the region will substantially augment the medical, agriculture, sports product, infrastructure, home & garden industry in Asia Pacific, thus prompting the recycled rubber demand positively in Asia Pacific.

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Some of the prominent players in the recycled elastomers market include GRP Ltd., Liberty Tire Recycling, American Tire Recycling, West Coast Rubber Recycling, Monmouth Rubber & Plastics Corp., J.Allcock & Sons Limited, RubberFoam Recycled Products LLC, American Recycling Center, Green Rubber One Sdn. Bsd., Austin Rubber Company LLC, Klean Industries, Genan Holding A/S, Rubbergreen, Entech Inc., Emanuel Tire Co and others.

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