Press release
Recycled Elastomers Market Size by Key Players: 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
Recycled Elastomers Market
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Recycled elastomer market is segmented on the basis of raw material, application and region. The raw material segment is bifurcated into SBR, NBR, propylene rubber, chloroprene rubber, natural rubber, polyurethane rubber and others. In terms of revenue, propylene rubber will capture more than a fifth of the entire segment by 2024 due to its excellent chemical resistance features.
Recycled elastomers Market will surpass USD 6 billion by 2025. Substantial development in road construction sector in emerging economies owing to the surge in automotive & transportation industry will subsequently boost the entire recycled elastomer market demand in forecast period as the product is widely used as an asphalt binder or an additive in modified bitumen for the formation of durable roads. Significant FDI inflows in Asia Pacific region coupled with various initiatives taken by the government such as one belt one road plan, rural road linking with transport network will further bolster the entire road construction industry. The aforementioned trend is expected to follow in the near future as well and will positively influence the global recycled elastomer market demand in forecast timeframe.
Around 75% of the recycled rubber is generated from the scrap tires and currently these tires are widely used as a source of energy in various industries include cement, steel, etc. rather than recycling. This will be act as a key hindering factor for the overall recycled elastomer market growth by 2024 due to competition in raw material availability.
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Recycled elastomers market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units & revenue in USD million from 2014 to 2025, for the following segments:
Recycled Elastomers Market, Raw Material by Application
• Styrene Butadiene Rubbers
o Medical
o Agriculture
o Sports Product
o Playground Surfaces
o Infrastructure
o Home & Gardens
o Others
• Nitrile Butadiene Rubbers
o Medical
o Agriculture
o Sports Product
o Playground Surfaces
o Infrastructure
o Home & Gardens
o Others
• Propylene Rubbers
o Medical
o Agriculture
o Sports Product
o Playground Surfaces
o Infrastructure
o Home & Gardens
o Others
• Chloroprene Rubbers
o Medical
o Agriculture
o Sports Product
o Playground Surfaces
o Infrastructure
o Home & Gardens
o Others
• Natural Rubbers
o Medical
o Agriculture
o Sports Product
o Playground Surfaces
o Infrastructure
o Home & Gardens
o Others
• Polyurethane Rubbers
o Medical
o Agriculture
o Sports Product
o Playground Surfaces
o Infrastructure
o Home & Gardens
Recycled Elastomers Market By Application
• Medical
• Agriculture
• Sports Product
• Playground Surfaces
• Infrastructure
• Home & Gardens
• Others
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Based on region, North America and Europe will collectively hold more than 30% of the entire industry. Significant rise in personal income along with changes in living standards will supplement the sports products and infrastructure sectors. This will further augment the recycled rubber demand in these regions.
Recycled elastomer market is fragmented in nature as many medium and small-scale manufacturers are present across the globe. The key players in the industry are West Coast Rubber Recycling, American Recycling Center, GRP, American Tire Recycling, Emanuel Tire, Klean, Entech, OSHO SA RECYCLING, Green Environment Tires Recycle, Rolex Reclaim, etc.
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