What is Recycled Elastomers Market Scope?
The Rapid growth in the construction sector in the developing economies will drive the global market in the forecasted period. Elastomer materials are made of polymer materials that are joined by chemical bonds and have high elongation and flexibility properties that increase their applicability in various industries. Rapid growth in the use of recycled material due to the government regulations to reduce the emission of pollution will help to trigger the market demand in the forecasting period. Also, the advancement in infrastructure development acts as a lucrative opportunity in the Recycled Elastomers market in the upcoming years.
Recycled Elastomers Market Dynamics:
Attributes | Details |
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Growth Drivers | - The Growing Construction Industry across the World
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Influencing Trends | - Increasing Government Expenditure in the Developing Countries
- Fuelling Demand for the Sports Products around The World
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Restraints | - The Concern Related to the High Cost of the Processing Material Resulted High Cost of the End Products
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Gaps & Opportunities | - The Rising Ongoing R & D activities for the Development of Eco-Friendly Polymer
- The Increasing Investments in the R&D Sectors
- Upsurging Business Expansion activities among the Key Market Players
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The Recycled Elastomers market study is being classified, by Application and major geographies with country level break-up.
According to AMA, the Global Recycled Elastomers market is expected to see growth rate of 10.29% and may see market size of USD2.2 Billion by 2027.The recycled elastomers market seems to be highly competitive due to the presence of a huge number of competitors. A huge number of local as well as international players are operating in the market which has increased the competition. Also, rising expansion activities through strategic mergers and acquisitions in order to increase their presence, customer base, and enhance their product portfolio is creating a competitive business scenario. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Recycled Elastomers market throughout the predicted period.
America Tire Recycling, Monmouth Rubber & Plastics Corp., RubberForm Recycled Products LLC., j. Allock & Sons Limited. (United Kingdom), GRP Ltd (India), Liberty Tire Recycling (United States), West Coast Rubber Recycling (United States), Green Rubber One Sdn. Bsd. (United States), Austin Rubber Company LLC and Klean Industries (Canada) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Genan Holding (Germany), Rubbergreen (Belgium), Entech Inc (United States), Emanuel Tire Co (United States), Tire Disposal & Recycling Inc and Global Tire Recycling Inc.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Recycled Elastomers market by Type, Application and Region.
On the basis of geography, the market of Recycled Elastomers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region hold largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
In May 2022 Dow Inc. had announced the launch of new high-performance polyolefin elastomer (POE) from plant-based feedstock. Dow's Ecolibrium technology, which converts sustainably sourced waste and byproducts from other industries into plastics, made the brand possible. Because only waste residues or byproducts of an alternative manufacturing process are used, the raw feedstock materials do not consume additional land resources or compete with the food chain.
Key Target Audience
Recycled Elastomers Manufactures, Suppliers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
Recycled Elastomers Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
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