Recycled Elastomers Market Projected to Witness a Double-Digit CAGR During 2023-2029
Stratview Research delivers key insights on the Recycled Elastomers market in its latest report titled Recycled Elastomers 2022 - 2028. According to the report, the global Recycled Elastomers market is anticipated to expand at a CAGR of 4.6% in terms of value during the forecast period due to various factors.
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It is the most comprehensive report
available on this market and will help users gain a global outlook as it covers
360degree Recycled Elastomers Market
shares, detailed analysis of growth rate among various segments including
demand -supply scenario, etc. The regional and country segmentations give
in-depth analysis of the market in each geography and the size of the market by
region and by country. It also compares the market’s historic and forecast
growth and highlights important trends and strategies that players in the
market can adopt.
Impact of
COVID-19 on Recycled Elastomers Market
With COVID-19, the world is battling a
health pandemic as well as an economic pandemic, virtually affecting trillions
of dollars of incomes. Stratview Research brings to you high level insights and
in-depth details related to rapid modifications in top companies in each
sector, growth and decline due to COVID-19, etc. The analysts at Stratview
Research are constantly engaging with their clients and other key players of
almost all the industries, regarding the impact of COVID-19 on their businesses.
Key players
Some of the major players operating in
the global 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.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Recycled
Elastomers Market value and growth drivers over the trend period of 2022-27.
According to the report -
Recycled Elastomers Market is likely to witness a steady CAGR
of approximately 12%, during the forecast period. As a result of the rapid
surge in population, across the globe, there has been a simultaneous rise in
the infrastructure development, which is a major factor boosting the market
growth. In addition, there has been a significant rise in the government
expenses, which has driven the infrastructural outlook of a number of
countries. Several new buildings, bridges, monuments, highways, tourist sites,
and hospitals, and other tourist sites have fostered the use of recycled
elastomers and thereby, fueled the overall market growth. Furthermore, there
has been momentous increase in the recycling rate of industrial goods, largely
because of the stringent regulations and norms set by the government, in order
to reduce pollution or the emission of toxic materials into the air, which has
also propelled the demand for recycled elastomers.
Segment Analysis:
Based on Application Type:
Based on the application type, the market is segmented into
medical, agriculture, sports product, playground surfaces, infrastructure, home
& garden, and others. Among these applications, the agriculture application
is expected to grow at a significant pace in the market, over the forecast
period. Recycled elastomers help in increasing the efficiency and yield in the
agricultural field. As agriculture is among the primary contributors to a
country’s GDP, several countries are focused on the implementation of the
recycled elastomers so as to magnify their agricultural productivity, which
also fuels the market growth.
Based on Region:
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,
agricultures, medical, sports product, and home & gardens among others. As
a number of the countries in this region are developing at fast pace, their
respective governments are allocating large amount of funds for development of
infrastructure, highways, hospitals, etc. Also, there are a large number of
global sporting events that are being hosted by some countries in the region,
which fuels the growth of the regional market.
Order a Copy of Global Recycled Elastomers Market report here.
https://www.stratviewresearch.com/1564/recycled-elastomers-market.html
Critical
Questions Answered in the Report
l What
are the key trends in the global Recycled
Elastomers market?
l How
the market (and its various sub-segments) has grown in the last five years and
what would be the growth rate in next five years?
l What
is the impact of COVID-19 on global Recycled
Elastomers market?
l What
are the key strategies adopted by the major vendors to lead in the global Recycled Elastomers market?
l What
is the market share of the top vendors?
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