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Global Recycled Elastomers Market Covers the Leading Key Players: Klean Industries, Genan Holding, Rubbergreen, Entech Inc., Emanuel Tire Co
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Major questions addressed through this global research report:
1. What are the demanding sectors for driving this global market?
2. Which are the major key players and competitors?
3. What will be the market size of the global market?
4. Which are the recent advancements in the global market?
5. What are the restraints, threats, and challenges in front of the market?
6. What are the global opportunities in front of the market?
7. How digital footprint helps to expand the business structure and economic outcomes?
Propylene rubber segment is projected to account for more than one-fifth revenue share in global recycled elastomers market by 2024. This can be linked with advantages such as excellent chemical resistance. Based on application, recycled elastomers market share is segmented into sports products, agriculture, medical, playground surfaces, home & garden, infrastructure and several others.
Playground surfaces application segment is estimated to register a robust 10% CAGR over 2018-2025. Recycled elastomers are widely sued in flooring purposes in parks and playgrounds on account of characteristics such as superior resistance to abrasion, heat, and water.
Considering the geographical landscape, Europe and North America will jointly capture more than 30% revenue share in global recycled elastomers market size. There is a strong demand for sports products equipment and accessories across developed regions. A considerable rise in the personal incomes of consumers along with shifting lifestyle trends will fuel the regional sports and infrastructure sectors, driving the demand for recycled rubber.
Asia Pacific countries are witnessing substantial FDI inflows for the development of the regional infrastructure sector. Moreover, the governments have undertaken various favorable initiatives such as the rural road linking with transport network initiative and the one belt one road plan to improve the existing road infrastructure. These trends will certainly accelerate the demand for recycled elastomers due to extensive application in road construction.
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Global recycled elastomers market is highly fragmented in nature due to the presence of multinational giants as well as medium and small-scale manufacturers. American Recycling Center, West Coast Rubber Recycling, American Tire Recycling, American Tire Recycling, Entech, Klean, Emanuel Tire, Rolex Reclaim, and Green Environment Tires Recycle are some of the major industry participants.
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