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Recycled Elastomers Market Trends

Report ID: GMI2791
Published Date: Oct 2024
Report Format: PDF

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Recycled Elastomers Market Trends

Manufacturing efficiency in the recycled elastomers industry is improving due to advancements in recycling technologies and processes. Enhanced methods are enabling higher quality material recovery, reducing waste, and lowering energy consumption. Automation and digitalization in manufacturing lines streamline production, increasing throughput and reducing costs. Additionally, collaborative efforts among manufacturers and suppliers are fostering innovation in material formulations, which enhances the performance of recycled elastomers. These trends not only improve operational efficiency but also align with sustainability goals, making recycled elastomers a more attractive option for manufacturers aiming to optimize resource use while minimizing their environmental impact.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for recycled elastomers was valued at approximately USD 5.1 billion in 2023 and is expected to reach around USD 11.4 billion by 2032, driven by increasing environmental awareness and regulatory support for sustainable materials.

The infrastructure segment held a 24.4% market share in 2023, amounting to USD 1.2 billion, and is projected to grow at a 10.6% CAGR from 2024 to 2032, due to a growing focus on sustainability.

U.S. industry is projected to achieve USD 6 billion by 2032, driven by stringent environmental regulations and a strong focus on sustainability.

Major players in the industry include American Recycling Center, American Tire Recycling, Austin Rubber Company LLC, Genan Holding, Green Rubber Global, GRP Ltd., J. Allcock & Sons Limited, and Klean Industries.