In the dynamic landscape of material innovation, recycled elastomers are emerging as a powerful force, driving a green rebound in the market. Elastomers, commonly used in various industries for their flexibility and resilience, are undergoing a transformative shift as recycling takes center stage.

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.

The market growth for recycled elastomers is propelled by a collective commitment to sustainability. Industries, from automotive to packaging, are recognizing the environmental benefits of utilizing recycled elastomers. These materials, derived from post-consumer and post-industrial rubber waste, not only reduce dependence on virgin resources but also mitigate environmental impact.

Automakers are integrating recycled elastomers into tire production, enhancing circular economy practices. Similarly, the packaging industry is adopting recycled elastomers for sustainable and eco-friendly packaging solutions. This recycling-driven wave in elastomers signifies a shift towards responsible manufacturing and consumption.

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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 green rebound of recycled elastomers symbolizes a paradigm shift towards circular and sustainable economies. As industries increasingly prioritize environmentally conscious practices, the market growth for recycled elastomers is poised to surge, paving the way for a more resilient, eco-friendly future.

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