Rubber Granules Market Forecast and CAGR
According to the latest research, the demand for Rubber granules is anticipated to grow with a compelling growth rate of about 4.0% to 6.0% in between the coming assessment period of 2021-2031. Due to increasing demand for various applications like playground surfaces, drain constructions, road constructions, automotive industry and others, the market is expected to expand at a healthy pace over the next few years.
They are used widely in automotive industries because as we found tons of tires were used every year and they are not environment friendly and disposal of these tires can affect environment also so for controlling this cause, recycling process comes into the frame. By shredding the scrap tires into small pieces which will further be separated into rubber and metals and that small pieces of rubber are known as rubber granules.
What is Driving Demand for Rubber Granules?
The Major factors driving the market are the growing demands coming from the sports sectors. As they play an important role in sports safety and playground safety purposes. They used them in the area of football turf, athlete turf, sports flooring.
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The need for Rubber granules is increasing gradually in the development of playground surfaces by providing safety, comfort, reliability. It offers maximum protection from injuries when players fall. Furthermore, it promotes high abrasion as it has an antiskid and penetrable bendability that promotes a good grip even when the surface is slippery or skiddy. Most importantly, it is cost-effective and requires less maintenance.
Growth of Automotive and Construction Industry Boost the Market and Increasing Demand of Rubber Granules
One of the important segments for using the rubber granules is in the field of road construction industry. When we burn the dumped or discarded tires it causes severe environmental pollution, so to prevent this, new technology is introduced which helps to recycle these used tires and convert them into granules and powder, which is a cost-effective method and also plays a vital role in minimizing the pollution and creating an eco-friendly environment.
Another important segment is the automotive industry. For example, making floor mats, floor liners, bumpers, rubber floor tile, foundation waterproofing, rubberized asphalt for driveways, road building, and repair granules play an essential role. Hence all these factors help in the growth of the market.
Asia Pacific Rubber Granules Market Outlook
Currently, the Asia-Pacific region is the largest market of rubber granules and is estimated to witness the highest CAGR. The increased demand for them in different sectors such as automobile, road construction, and playground surfaces in countries such as China, Japan, South East Asia, Australia and India is driving the rubber market in the Asia Pacific.
Growth in the automotive and construction industries is the key driver of the market in this region. As we know China is the world’s leading country in the automotive sector. They captured the large section of automobiles in the world and because of this the demand of rubber granules in this industry increases continuously.
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They are used for the production bushings, Floor Mats that are usually used in cars and trucks and for the manufacturing of Bumpers, Rubber pads on pedals, Splash Guards and Fenders.
Europe and North America Demand Outlook
Owing to the significant growth in the automobile and construction industries in various countries of Europe such as Germany, France, Italy, and others have boosted the demand of rubber granules in these countries. Significantly developed end use sector including playground surfaces, road construction, drain constructions, floor mats for car and trucks and many others have boost the demand.
North America’s industrial development has been aided by widespread product adoption in various sectors, including geotechnical applications, adhesives, and sealants, automobile industries.
Who are the Key Manufacturers and Suppliers?
Some of the leading manufacturers and suppliers include
- Melos GMBH
- Lianyungang Dexiang new materials
- Tyrec
- Sigma international
- J. Allock & Sons Ltd
- Khandesh enterprises
- Jim Blackburn trading
- Murfitts Industries
- Wuxi Yonghong technology co ltd
- India thermoplastic engineers
- Oyster Industries Pvt. Ltd
- Evonik Industries AG
- Others.
By 2021 the Rubber Granules Sales market is growing steadily, and with the growing number of opportunities key players are also focusing on acquisitions of small and medium size players and collaborations with other market participants either for the R&D or to manufacture the product at a large scale.
Significant growth of the rubber industry in automotive and building construction areas in countries such as China and India drive the industrial rubber market in the Asian-pacific region.
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