Recycled Elastomers Market Analysis

Recycled Elastomers Market Analysis

Based on revenue, chloroprene rubber registered about 10% of the global recycled elastomers market in 2017. Product properties such as resistance to sunlight and harmful gases make them ideal to be used in the infrastructure industry for the flooring mats, bathroom accessories and as binders for asphalt used in road construction.
 

Nitrile rubber segment was valued over USD 650 million in 2017 and will rise healthily by 2025.The product is widely used in playgrounds as it is a good alternative to grass, dirt and other surfaces. The product helps to increase the playtime along with durability and safety and reduces maintenance cost of the playgrounds.
 

Recycled elastomers have applications in various industries among which agricultural sector accounts for almost 10% of the global market share. Superior features of products such as cost effectiveness, UV resistance, and durability makes them ideal for the agricultural sector as vegetation protectors, windbreakers, sheds, livestock mats, bumpers, feeders, etc. These help to increase the yield and efficiency in the agricultural sector.
 

Agrarian economies of Asia Pacific region include India, China, Southeast Asian countries such as Indonesia, Thailand, etc.  Agriculture is one of the major contributors in their GDP as surge in the regional population puts pressure to increase agricultural productivity. This will propel the product demand in agriculture sector and significantly boost the recycled rubber market growth by 2025.
 

Recycled elastomers market is led by Asia Pacific region accounting for more than 50% of the global volume in 2017. The product demand is determined in the region by the presence of various application industries such as medical, agriculture, sports product, infrastructure, home & gardens etc. Large number of international and regional sports events are being hosted by the developing economies of region. Extensive product usage in making athletics surfaces and horse arenas will subsequently act as a driver for the recycled elastomers market growth in near future.
 

On the basis of revenue, Europe will likely witness a decent CAGR of more than 10% from year 2018 to 2025 due to increasing indulgence of the regional population in home decoration and gardening activities, driven by the high and posh standard of living has subsequently increased in the region. The highest growth will be witnessed by U.K. in the region complemented with the presence of several application industries such as medical, sports product, agriculture, etc.