Recycled elastomers market trends analysis, growth, Size, forecasts with top key players are American Recycling Center, Green Rubber One Sdn. Bsd., Klean Industries, Genan Holding
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The raw material segment in the recycled elastomers market is bifurcated into NBR, SBR, chloroprene rubber, propylene rubber, natural rubber, polyurethane rubber, and others. Based on revenue, the propylene rubber segment is expected to tap over a fifth of the overall market share by 2024 on account of its exceptional chemical resistance properties.
Meanwhile, in terms of application, the recycled elastomer market is bifurcated into agriculture, medical, playground surface, sports product, infrastructure, home & garden. Studies suggest that the playground surface segment may record more than 10% CAGR in the forthcoming years. Extensive use in flooring applications across parks and playgrounds due to its excellent abrasion and heat & water-resistant properties may spur market growth.
Rapid growth in the sports sector will be a major factor that will contribute towards the growth of recycled elastomers market in the near future. Reclaimed rubbers are essentially used in sports ground and the playground surfaces while crumb rubber, that come from the end of life tires, are majorly used as an infill material while laying synthetic turf fields.
This product is usually spread between the traction and grass fibers to be able to provide cushioning to the players when they play. With rise in the commercialization of all the sports events, people around the world will be encouraged to play professional sports that will further induce the building of more playgrounds and repairing the older ones for playing and training purposes.
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Maor key players in the market are GRP Ltd., Liberty Tire Recycling, American Tire Recycling, West Coast Rubber Recycling, Monmouth Rubber & Plastics Corp., J.Allcock & Sons Limited, RubberForm Recycled Products LLC., American Recycling Center, Green Rubber One Sdn. Bsd., Austin Rubber Company LLC, Klean Industries, Genan Holding, Rubbergreen, Entech Inc., Emanuel Tire Co.
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