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Recycled Elastomers Market by Raw Material (Styrene butadiene rubber, Nitrile butadiene rubber, Propylene rubber, Natural rubber, Polyurethane rubber ), by Application ( Infrastructure, Playground surfaces, Sports, Home and garden, Agriculture, Others), by North America (U.S., Canada), by Europe (UK, Germany, France, Italy, Spain, Russia), by Asia Pacific (China, India, Japan, South Korea, Australia), by Latin America (Brazil, Mexico), by MEA (UAE, Saudi Arabia, South Africa) Forecast 2025-2033
The size of the Recycled Elastomers Market was valued at USD 2.5 Billion in 2023 and is projected to reach USD 5.70 Billion by 2032, with an expected CAGR of 12.5% during the forecast period.The market for recycled elastomers pertains to the utilization of reclaimed rubber and various elastomeric substances in items like automotive parts, building materials, and consumer products. The market is propelled by increasing consciousness about sustainability, the necessity to minimize waste, and policies that promote material reuse. Improvements in the recycled elastomers sector feature developments in processing methods that enhance the performance and longevity of recycled rubber and elastomers. Studies are concentrating on creating innovative techniques to decompose and manage elastomers more effectively, enhancing their worth in high-performance uses. Market challenges consist of ensuring the quality of recycled elastomers, addressing the technical difficulties in recycling intricate materials, and contending with virgin materials that are frequently viewed as having better quality. The varying costs of raw elastomers and the absence of efficient recycling infrastructure pose further obstacles to market expansion.
The Recycled Elastomers Market exhibits moderate concentration, with a few major players holding a significant market share. Some of the key characteristics of this market include:
Key market insights include:
The Recycled Elastomers Market Report provides comprehensive coverage of the market, including:
The Recycled Elastomers Market is expected to experience significant growth in the coming years due to rising environmental concerns, technological advancements, and government initiatives. The market size is projected to reach USD 5.2 billion by 2027.
[News 1] GRP Ltd. announces strategic partnership with Liberty Tire Recycling to expand its recycled elastomer production capacity. [News 2] American Tire Recycling launches new recycling facility in California to meet growing demand for recycled elastomers. [News 3] Entech Inc. introduces innovative technology to improve the quality and performance of recycled elastomers.
Raw Material
Application
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 12.5% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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