According to a recent market study published by Growth Market Reports, titled, "Global Rubber Granules market by granules size, applications, and by regions: Size, Share, Trends and Opportunity Analysis, 2018-2028", the market was valued at USD 634.5 Million in 2020 and is expected to grow at a healthy growth rate of 4.6% by the year 2028. The global rubber granules market is projected to expand at a rapid pace, due to increasing rubber products along with rising demand for rubber granules in various applications such as manufacturing industry, shock absorption and safety products, rubber and plastic products, geotechnical, and civil engineering works.

The global Rubber Granules market has been segmented based on granules size, applications, and region. In terms of granules size, the rubber granules market is categorized as 0.5-2.0mm, 2.0-4.0mm, and others. On the basis of applications, the market is divided into roadways constructions, drain constructions, playground surfaces, automobile industries, adhesives and sealants, and others.  By regions, the global Rubber Granules market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

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Burning of discarded or dumped tires produces environmental pollution. To prevent this pollution, a new technology was introduced, which helps in recycling of used tires and converting them into powder or granules. This conversion method is cost-effective and plays an important role for generating an eco-friendly environment and reducing pollution.  Rubber granules are a type of recycled rubber, which is generated after recycling truck scrap and automotive tires.

As per Growth Market Reports industry analyst Divyanka Sankhe, the spread of the COVID-19 pandemic has had a serious impact on the society and overall economy of the world. The impact of COVID-19 is growing by the day and affecting the supply chain of the industries. The coronavirus pandemic is increasing uncertainty among consumers buying behavior, thus slowing the supply chain, increasing panic among customers, and reducing business confidence. Certain discrepancies in production and supply chain are creating mild disruption across some areas in the supply chain of the Rubber Granules market. Covid-19 affected the rubber industry in multiple ways, such as supply disruption of raw materials and delay in farming operations and latex collection. Factors such as decreasing production activities and declining growth of the economy hampered the market growth.

Key Takeaways from the Study:

  • The rubber granules market in North America is projected to expand at a rapid pace, due to growing disposable income and increasing population. Well-developed construction and manufacturing industry and rising demand for rubber products are projected to propel the market. North America is estimated to retain a large share of the rubber granules market, due to its rising adoption among people in various industries.
  • The Rubber Granules market in Europe is anticipated to grow at a substantial pace during the forecast period. Developments in floor mats for cars and trucks, playground surfaces, construction of drains, and many others in this region is anticipated to promote the market in the coming years.
  • The market in Asia-Pacific is projected to register high CAGR over the forecast period, owing to increasing number of construction and automotive industries. Increasing demand for rubber granules in various industries such as playground surfaces, automobile, and road constructions in developing countries including as India, Japan, South East Asia, China, and Australia is driving the rubber granules market in Asia Pacific.
  • The automotive industries segment is estimated to grow at a rapid pace during the forecast period, due to increasing use of rubber granules in the production of floor mats and bushing, which are commonly used in trucks and cars.

Report Scope:

Report Metric

Details

Market Value in 2020

USD 634.5 Million

Market Growth Rate (from 2021 to 2028)

4.6%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 – 2028

Market Segments

Granules Size, Applications, and Regions.

Region Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)

Key Companies Profiled

Ultimate RB, Fairmont Industries Sdn Bhd., GENAN HOLDING A/S, GEZOLAN AG, CRM Rubber, Melos GmbH, Murfitts Industries, Oyster Industries Pvt. Ltd., Shital Rubber, STARGUM Stankiewicz sp. z o.o.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Demand Side: manufacturing industry, shock absorption and safety products, rubber and plastic products, geotechnical, and civil engineering works, roadways constructions, drain constructions, playground surfaces, automobile industries, adhesives and sealants, and among others.
  • Regulatory Side: Food and Drug Administration (FDA), European Union (EU), The American Society for Testing and Materials (ASTM International), U.S. Environmental Protection Agency (EPA), Prevention/Agency for Toxics Substances and Disease Registry (ATSDR), Consumer Product Safety Commission (CPSC), and others.