Recycled Elastomers Market Report

Market Insights

Recycled Elastomers Market is likely to witness a steady CAGR of approximately 12%, during the forecast period. As a result of the rapid surge in population, across the globe, there has been a simultaneous rise in the infrastructure development, which is a major factor boosting the market growth. In addition, there has been a significant rise in the government expenses, which has driven the infrastructural outlook of a number of countries. Several new buildings, bridges, monuments, highways, tourist sites, and hospitals, and other tourist sites have fostered the use of recycled elastomers and thereby, fueled the overall market growth. Furthermore, there has been momentous increase in the recycling rate of industrial goods, largely because of the stringent regulations and norms set by the government, in order to reduce pollution or the emission of toxic materials into the air, which has also propelled the demand for recycled elastomers.

Segment Analysis

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Recycled Elastomers Market Share: By Raw Material Type

Based on the raw material type, the market is segmented into styrene butadiene rubber, nitrile butadiene rubber, propylene rubber, chloroprene rubber, natural rubber, polyurethane rubber, and others. Among these raw materials, nitrile butadiene rubber is estimated to account for a high share of the market, during the forecast period. All the raw materials in the recycled elastomers market have superior attributes, which make them multi-functional. Some of the properties are sunlight (UV ray) resistance, environment-friendly, durability, and cost-effective. As a result, these products are used in large at a rapid pace, which drives the overall market growth.

Recycled Elastomers Market Share: By Application Type

Based on the application type, the market is segmented into medical, agriculture, sports product, playground surfaces, infrastructure, home & garden, and others. Among these applications, the agriculture application is expected to grow at a significant pace in the market, over the forecast period. Recycled elastomers help in increasing the efficiency and yield in the agricultural field. As agriculture is among the primary contributors to a country’s GDP, several countries are focused on the implementation of the recycled elastomers so as to magnify their agricultural productivity, which also fuels the market growth.

Recycled Elastomers Market Share: By Region

In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Among these regions, Asia-Pacific is expected to be dominant throughout the forecast period. The market growth in this region is majorly attributed to the presence of a large number of various end-use application industries such as infrastructure, agricultures, medical, sports product, and home & gardens among others. As a number of the countries in this region are developing at fast pace, their respective governments are allocating large amount of funds for development of infrastructure, highways, hospitals, etc. Also, there are a large number of global sporting events that are being hosted by some countries in the region, which fuels the growth of the regional market.

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Market Scope & Segmentation

Recycled elastomers have a number of applications such as in agriculture, road construction, and for development of sports products and playground surfaces. They are skid-resistant, cost-effective, durable, and UV-resistive.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The recycled elastomers market is segmented into the following categories. 

Recycled Elastomers Market Size, Share, & Forecast, by Raw Material Type:

• Styrene Butadiene Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Nitrile Butadiene Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Propylene Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Chloroprene Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Natural Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyurethane Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Recycled Elastomers Market Size, Share, & Forecast, by Application Type:

• Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Agriculture (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sports Product (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Playground Surfaces (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Home & Garden (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Recycled Elastomers Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the recycled elastomers market are-

• American Recycling Center
• AMERICAN TIRE RECYCLING GROUP LLC.
• Emanuel Tire, LLC
• Entech Inc.
• GRP WEB
• J. Allcock & Sons Ltd
• Klean Industries
• LIBERTY TIRE RECYCLING
• Monmouth Rubber & Plastics Corp
• RubberGreen.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the application types by raw material type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.