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Recycled Elastomers Market Is Set to Grow at A Healthy CAGR Up To 2025, APAC To Show Steady Growth

Author : Ronak Bora | Published Date : 2019-08-09 

Recycled Elastomers Market size is likely to register steady gains over the forecast timeframe. The Asia-Pacific (APAC) is known to be a rapidly developing region with countries like China, India, Malaysia and Indonesia showing remarkable progress in infrastructure spending. In China, for instance, the total road length increased from 3.7 million kilometers in 2008 to 4.8 million kilometers by the end of 2017, while the total length of highway reached a figure of 136,500 km during the same period.

The large transportation infrastructure indicates the growth potential of the recycled elastomers market from asphalt binders. As the population and consequent automobile consumption in APAC countries is expected to rise at an incredible pace, a surge in government expenses to develop road connectivity will further encourage recycling initiatives, fueled by an incessant supply of waste rubber materials. It is observed that building a single lane pavement of one mile, 500 to 2,000 scrap tires need to be recycled, presenting the advantage of the recycled elastomers industry in cutting down on land pollution.

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Use of recycled elastomers in manufacturing agricultural equipment and flooring has additionally maintained the dominance of APAC in the recycled elastomers market, holding over 50% of the global share in 2017. The region encompasses some of world’s leading agri-based developing nations that need constant supply of food and livestock products to cater to an exponentiating population, creating a demand for weather resistant products that support agriculture productivity. For example, India is the second most populated country in the world and as of 2015 had approx. 60.4% of overall land under agricultural occupation. Advancing technologies associated with increasing the crop output have been buoyed by robust water hoses, belts, sheds, windbreaks and vegetation protecting equipment made from recycled elastomers.

The recycled elastomers market has experienced prolific returns from the demand for livestock mats as well, derived from the fact that APAC has major dairy and meat producing nations. Stalls and floors housing livestock need to be able to counter weather abuse and seasonal wear, requiring them to be built of durable and flexible materials. Agricultural mats made using recycled elastomers offer a mix of strength and softness that is necessary for safe sheltering of livestock animals, ensuring an up thrust in the total yield. With agricultural income forming a significant part of GDP in China, India, Thailand and other South East Asian countries, the recycled elastomers industry is deemed to witness enormous proceeds from the agriculture segment.

All in all, use in infrastructure and agricultural areas due to vital properties like elasticity, durability, UV and chemical resistance, among others have propelled the recycled elastomers industry, with American Tire Recycling, GRP Ltd., West Coast Rubber Recycling, Liberty Tire Recycling, Genan Holding, J. Allcock & Sons Limited, Klean Industries and Emanuel Tire Co. Being some key market contenders. Additional applications such as developing medical devices in combination with FDA approved raw materials will generate supplementary earnings for the global recycled elastomers market, anticipated to register a CAGR of more than 12% from 2018 to 2025.

Browse key industry insights spread across 350 pages with 500 market data tables & 22 figures & charts from the report, “Recycled Elastomers Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/recycled-elastomers-market

Recycled elastomers 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.

 

Glimpse of Table of Content (ToC)

Chapter 3. Recycled Elastomers Market Insights

3.1.  Recycled elastomers market segmentation

3.2.  Recycled elastomers market size and forecast, 2014 - 2025

3.3.  Industry ecosystem analysis

3.3.1. Raw material analysis

3.3.2. Recycling/production trends

3.3.3. Profit margin analysis

3.3.4. Value addition at each stage

3.3.5. Distributor channel analysis

3.3.6. Vendor matrix

3.3.6.1.    List of key manufacturers/supplier

3.3.6.2.    List of key/potential customers

3.3.6.3.    List of key raw material suppliers

3.4.  Innovation & sustainability

3.4.1. Patent analysis

3.4.2. Technology landscape

3.4.3. Government subsidies

3.4.4. Comparison of different elastomers/rubber

3.4.5. Future trends

3.5.  Industry impact forces

3.5.1. Growth drivers

3.5.1.1.  Global

3.5.1.1.1.    Growth in construction industry

3.5.1.1.2.    Increasing demand for the product in Sports product sector

3.5.1.2.  Regional

3.5.1.2.1.    Increasing construction activities in Asian countries

3.5.1.2.2.    Upsurge in agricultural sector in North America

3.5.2. Industry pitfalls & challenges

3.6.  Regulatory landscape

3.6.1. U.S.

3.6.2. Europe

3.6.3. China

3.7.  Growth potential analysis

3.8.  Competitive landscape, 2017

3.8.1.     Company market share, 2017

3.8.1.1.  Global

3.8.2.     Key stakeholders

3.8.3.     Strategy dashboard

3.9.    Porter’s analysis

3.9.1.    Supplier power

3.9.2.    Buyer power

3.9.3.    Threat of new entrants

3.9.4.    Threat of substitutes

3.9.5.    Industry rivalry

3.10.  Regional price trends

3.10.1.  Cost structure analysis

3.10.1.1.     R&D cost

3.10.1.2.     Manufacturing & equipment cost

3.10.1.3.     Raw material cost

3.10.1.4.     Distribution cost

3.10.1.5.     Operating cost

3.10.1.6.     Miscellaneous cost

3.10.2.  Price by product

3.10.3.  Price by application

3.11.  PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/recycled-elastomers-market

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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