https://www.maximizemarketresearch.com/market-report/global-recycled-elastomers-market/73243/
Recycled elastomers are asphalt binders applicable in various end users medical, agriculture, sports product, playground surfaces and infrastructures. These elastomers are very durable, improves rutting and reduces hydroplaning. Various factors such as growing population along with increasing disposable income, increasing use of recycled elastomers in infrastructure-based activities, favourable regulatory policies pertaining to recycled elastic and elastomer products, stringent government rules and regulation to reduce emission of pollution, and increasing R& D spending by major market players, growing agriculture activities & rising income of farmers across the globe are driving the recycled elastomer market.
However, factors such as fluctuations in raw material prices, lack of awareness in underdeveloped countries, extensive use of recycled elastomers, absence of expertise along with less manpower and high cost associated with recycled elastomers are restraining the market growth over forecast period.
Global Recycled Elastomers Market is segmented by raw material, by application and by region. By raw material, Nitrile Butadiene Rubber held highest market share in 2021 and is expected to keep its dominance over forecast period. Nitrile butadiene rubber is unsaturated copolymers of various monomers. Its physical and chemical properties changes as per the polymers composition. Nitrile butadiene rubber is possess resilient properties.
Due to these resilient properties it is used as material for various automotive products and disposable medical products. By application, agriculture application segment held highest market share in 2021 and is expected to keep its dominance over forecast period. Recycled elastomers are cost effective, UV resistant and durable these properties make them ideal for agriculture use. These elastomers are used in windbreakers, livestock mats, bumper and feeders. Moreover, recycled elastomers helps to increase the yield and efficiency in the agricultural sector.
https://www.maximizemarketresearch.com/market-report/global-recycled-elastomers-market/73243/
Recycled elastomers are asphalt binders applicable in various end users medical, agriculture, sports product, playground surfaces and infrastructures. These elastomers are very durable, improves rutting and reduces hydroplaning. Various factors such as growing population along with increasing disposable income, increasing use of recycled elastomers in infrastructure-based activities, favourable regulatory policies pertaining to recycled elastic and elastomer products, stringent government rules and regulation to reduce emission of pollution, and increasing R& D spending by major market players, growing agriculture activities & rising income of farmers across the globe are driving the recycled elastomer market.
However, factors such as fluctuations in raw material prices, lack of awareness in underdeveloped countries, extensive use of recycled elastomers, absence of expertise along with less manpower and high cost associated with recycled elastomers are restraining the market growth over forecast period.
Global Recycled Elastomers Market is segmented by raw material, by application and by region. By raw material, Nitrile Butadiene Rubber held highest market share in 2021 and is expected to keep its dominance over forecast period. Nitrile butadiene rubber is unsaturated copolymers of various monomers. Its physical and chemical properties changes as per the polymers composition. Nitrile butadiene rubber is possess resilient properties.
Due to these resilient properties it is used as material for various automotive products and disposable medical products. By application, agriculture application segment held highest market share in 2021 and is expected to keep its dominance over forecast period. Recycled elastomers are cost effective, UV resistant and durable these properties make them ideal for agriculture use. These elastomers are used in windbreakers, livestock mats, bumper and feeders. Moreover, recycled elastomers helps to increase the yield and efficiency in the agricultural sector.
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