In recent years, the market for recycled elastomers has experienced remarkable growth, driven by a surge in sustainable practices and environmental consciousness. Recycled elastomers, derived from post-consumer and post-industrial rubber waste, are gaining traction as a viable alternative to traditional elastomers.

The Recycled Elastomers Market was estimated at US$ 3.74 billion in 2022 and is expected to grow at a healthy CAGR of 12.6% during 2023-2028 to reach US$ 7.65 billion in 2028.

This growth can be attributed to the rising demand for eco-friendly materials in various industries, including automotive, construction, and consumer goods.

The automotive sector, in particular, has witnessed a paradigm shift towards recycled elastomers due to stringent environmental regulations and a growing preference for greener alternatives. Manufacturers are increasingly incorporating recycled elastomers into tire production, enhancing both performance and sustainability. Moreover, the construction industry is embracing recycled elastomers for applications such as roofing materials and flooring, contributing to reduced environmental impact.

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Key Players

Some of the key players in the recycled elastomers market are-

• American Recycling Center
• AMERICAN TIRE RECYCLING GROUP LLC.
• Emanuel Tire, LLC
• Entech Inc.
• GRP WEB
• J. Allcock & Sons Ltd
• Klean Industries
• LIBERTY TIRE RECYCLING
• Monmouth Rubber & Plastics Corp
• RubberGreen.

Regional Analysis

In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Among these regions, Asia-Pacific is expected to be dominant throughout the forecast period. The market growth in this region is majorly attributed to the presence of a large number of various end-use application industries such as infrastructure, agriculture, medical, sports products, and home & gardens among others.

Conclusion

The market for recycled elastomers is not merely bouncing back; it's thriving. The strong and sustainable demand reflects a global commitment to eco-conscious practices, positioning recycled elastomers as a key player in the future of materials innovation and sustainable development. As industries continue to prioritize environmental responsibility, the growth trajectory of recycled elastomers is poised to remain robust, fostering a greener and more resilient future.

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