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Recycled Elastomers Market Key Players are 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, Gre
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.
The application segment in recycled elastomer market is segregated into medical, agriculture, sports product, playground surfaces, infrastructure, home & garden and others. Among these, playground surfaces will show the significant growth across the entire segment with a CAGR projection of around 10% in coming years. Extensive usage of the product for flooring purpose in playgrounds and parks due to superior abrasion and heat and water-resistant characteristics.
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.
Infrastructure industry shows a substantial growth among the application segment of the recycled elastomers market with annual growth rate of around 10% over the forecast time. Surge in investment in construction projects by government and private sectors across the world will significantly boost the product demand in future.
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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
o Others
Recycled Elastomers Market By Application
• Medical
• Agriculture
• Sports Product
• Playground Surfaces
• Infrastructure
• Home & Gardens
• Others
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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.
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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