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Rubber Granules Market Segmented By Roadways Construction, Drain Constructions, Playground Surfaces, Automobile Industries, Adhesives and Sealants Application
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.
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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.
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.
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Get a Customized VersionOne 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.
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.
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.
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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.
Some of the leading manufacturers and suppliers include
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.
By Granule Size
By Application
By Region
The rubber granules report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
