Press release
Over 12% CAGR Recycled Elastomers Market will bypass $6 billion By 2025 | GRP Ltd., Liberty Tire Recycling, American Tire Recycling, West Coast Rubber Recycling, American Recycling Center
U.S. Recycled Elastomers Market Size, By Application, 2014 – 2025 (USD Million)
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.
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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.
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 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.
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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.
Partial Chapter of the Table of Content
Chapter 3. Recycled Elastomer Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 - 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Recycling/production trends
3.3.3. Profit margin analysis
3.3.4. Value addition at each stage
3.3.5. Distributor channel analysis
3.3.6. Vendor matrix
3.3.6.1. List of key manufacturers/supplier
3.3.6.2. List of key/potential customers
3.3.6.3. List of key raw material suppliers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Government subsidies
3.4.4. Comparison of different elastomers/rubber
3.4.5. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Global
3.5.1.1.1. Growth in construction industry
3.5.1.1.2. Increasing demand for the product in Sports product sector
3.5.1.2. Regional
3.5.1.2.1. Increasing construction activities in Asian countries
3.5.1.2.2. Upsurge in agricultural sector in North America
3.5.2. Industry pitfalls & challenges
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.
Browse key industry insights spread across 350 pages with 500 market data tables & 22 figures & charts from the report, “Recycled Elastomers Market 2018 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/recycled-elastomers-market
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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