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Recycled Elastomers Market Growth, Analysis of Key Players, Trends, Drivers by 2024

Recycled Elastomers Market: Industry Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2024

 

Selbyville, DE -- (SBWIRE) -- 02/14/2019 -- The Recycled Elastomers market analytical summative by Market Study Report, LLC, is an exhaustive study of the current trends driving this vertical across assorted geographies. Significant details pertaining to the market share, market size, application, statistics, and revenue are summed up in the research study. Also, this study undertakes a thorough competitive analysis of the business outlook, particularly emphasizing growth strategies espoused by market majors.Recycled elastomers Market will surpass USD 6 billion by 2025; according to a new research report.

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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.

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.

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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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 By Raw Material

o Styrene butadiene rubber (SBR)

Medical

Agriculture

Sports Product

Playground Surfaces

Infrastructure

Home & Gardens

Others

o Nitrile butadiene rubber (NBR)

Medical

Agriculture

Sports Product

Playground Surfaces

Infrastructure

Home & Gardens

Others

o Propylene rubber (EPM, EPDM)

Medical

Agriculture

Sports Product

Playground Surfaces

Infrastructure

Home & Gardens

Others

o Chloroprene rubber

Medical

Agriculture

Sports Product

Playground Surfaces

Infrastructure

Home & Gardens

Others

o Natural rubber

Medical

Agriculture

Sports Product

Playground Surfaces

Infrastructure

Home & Gardens

Others

o Polyurethane rubber

Medical

Agriculture

Sports Product

Playground Surfaces

Infrastructure

Home & Gardens

Others

o Others

Medical

Agriculture

Sports Product

Playground Surfaces

Infrastructure

Home & Gardens

Others

Recycled Elastomers Market By Application

o Medical

o Agriculture

o Sports Product

o Playground Surfaces

o Infrastructure

o Home & Gardens

o Others

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The above information is provided on a regional and country basis for the following:

o North America

U.S.

Canada

o Europe

Germany

UK

France

Spain

Italy

Russia

o Asia Pacific

China

India

Japan

Oceania

Thailand

Malaysia

Philippines

South Korea

o Latin America (LATAM)

Brazil

Mexico

o Middle East & Africa (MEA)

South Africa

Saudi Arabia

UAE

Kuwait

Some of the Major Highlights of TOC covers:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2: Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3: Recycled Elastomers Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4: Recycled Elastomers Market, By Region

Chapter 5: Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

SWOT Analysis

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