Global Recycled Elastomers Market Forecast and Analysis (2020-2027)

Global Recycled Elastomers Market was valued at USD xx Bn in 2019 and is expected to reach at USD xx Bn in 2019 at a CAGR of 11.5% over the forecast period 2020-2027.

The report covers an in-depth analysis of COVID 19 pandemic impact on Global Recycled Elastomers Market by region and on the key players revenue affected till April 2020 and expected short term and long-term impact on the market.

Global Recycled Elastomers Market Dynamics;

Recycled elastomers are asphalt binders applicable in various end users medical, agriculture, sports product, playground surfaces and infrastructures. These elastomers are very durable, improves rutting and reduces hydroplaning. Various factors such as growing population along with increasing disposable income, increasing use of recycled elastomers in infrastructure-based activities, favourable regulatory policies pertaining to recycled elastic and elastomer products, stringent government rules and regulation to reduce emission of pollution, and increasing R& D spending by major market players, growing agriculture activities & rising income of farmers across the globe are driving the recycled elastomer market.

However, factors such as fluctuations in raw material prices, lack of awareness in underdeveloped countries, extensive use of recycled elastomers, absence of expertise along with less manpower and high cost associated with recycled elastomers are restraining the market growth over forecast period.

Global Recycled Elastomers Market is segmented by raw material, by application and by region. By raw material, Nitrile Butadiene Rubber held highest market share in 2019 and is expected to keep its dominance over forecast period. Nitrile butadiene rubber is unsaturated copolymers of various monomers. Its physical and chemical properties changes as per the polymers composition. Nitrile butadiene rubber is possess resilient properties.
Due to these resilient properties it is used as material for various automotive products and disposable medical products. By application, agriculture application segment held highest market share in 2019 and is expected to keep its dominance over forecast period. Recycled elastomers are cost effective, UV resistant and durable these properties make them ideal for agriculture use. These elastomers are used in windbreakers, livestock mats, bumper and feeders. Moreover, recycled elastomers helps to increase the yield and efficiency in the agricultural sector.

By geography, market is segmented into North America, APAC, Europe, South Africa and Middle East & Africa. Among all of these, APAC held highest market share of 46.56% in 2019 and is expected to keep its dominance over forecast period owing to increasing demand from various application industries such as medical, agriculture, sports product, infrastructure, home & gardens etc.

Agriculture is one of the major contributors in the APAC recycled elastomer market. Agrarian economies of Asia Pacific region include India, China and Southeast Asian countries are using recycled elastomers to increase agricultural productivity. This is expected to create lucrative opportunities for market over forecast period. APAC is followed by Europe and North America. Europe is expected to hold xx% of market share over forecast period. This region hosts large number of international and regional sports events. Recycled elastomers are used in making athletics surfaces, sports grounds and horse arenas which in turn driving the market growth in this region.

Report covers in depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger & acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.

The objective of the report is to present a comprehensive analysis of the Global Recycled Elastomers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Recycled Elastomers Market dynamics, structure by analyzing the market segments and project Global Recycled Elastomers Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Recycled Elastomers Market make the report investor’s guide.
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Scope of Global Recycled Elastomers Market

Global Recycled Elastomers Market Segmentation by Raw Material

• Styrene Butadiene Rubber
• Nitrile Butadiene Rubber
• Propylene Rubber
• Chloroprene Rubber
• Natural Rubber
• Polyurethane Rubber
Global Recycled Elastomers Market Segmentation by Application

• Medical
• Agriculture
• Sports Product
• Playground Surfaces
• Infrastructure
• Home & Garden
Global Recycled Elastomers Market Segmentation by Region

• North America
• APAC
• Europe
• MEA& Africa
• South Africa
Global Recycled Elastomers Market Major Players

• GRP Ltd.
• Liberty Tire Recycling
• American Tire Recycling
• West Coast Rubber Recycling
• Monmouth Rubber & Plastics Corp.
• J.Allcock & Sons Limited
• Rubber Form 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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News Release: Global Recycled Elastomers Market Forecast and Analysis (2020-2027)
Submitted on: January 28, 2021 06:04:07 AM
Submitted by: manoj
On behalf of: www.maximizemarketresearch.com/market-report/global-recycled-elastomers-market/73243/