The global Rubber Granules market was valued at USD 634.5 Million in 2020 and is projected to reach USD 889.7 Million by 2028, expanding at a CAGR of 4.6% during the forecast period. The global Rubber Granules market is projected to expand at a rapid pace, due to rising demand for rubber granules in various industries, majorly in roadways constructions, drain constructions, playground surfaces, automobile industries, adhesives and sealants.
Rubber granules are commonly used for making floor mats, drainage pipes, bumpers, waterproofing, athletic tracks, floor liners, pipe insulation and lining, road construction and repairs, non-slip paints, and others. The EPDM type of rubber granules are designed for resiliency and softness along with color fading resistance.
In 1964, the first synthetic grass was placed on the concrete, which is known as Chem Grass. It was named as Astro Turf in 1966, when it was installed in the Houston Astrodome. Many athletes do not like to play on such kind of fields, as it is not comfortable and is dangerous for landing. In early 2000s, a new artificial turf was introduced, due to the thin layer of Astro Turf on top of concrete. This newly introduced artificial turf is known as styrene butadiene rubber, which is commonly known as crumb rubber. This rubber is made by using small black crumb pieces from old tires.
Demand for rubber granules is increasing in the sports sector, which is expected to drive the market during the forecast period. Rubber granules plays an important role for sports and playground safety. They are used in the field of sports flooring, football turf, and athlete turf. Need for rubber granules is gradually increasing in the development of playing surfaces, as they provide reliability, safety, and comfort.
It provides maximum protection against injury when players fall. Additionally, it promotes strong abrasion, as it has an antiskid and penetrable bendability, which promotes good grip when the surface is slippery. Rubber granules require less maintenance and are cost-effective.
Product laboratory tests conducted by Dow indicate that it is possible to partially replace ethylene propylene diene monomer (EPDM) with ENGAGE polyolefin elastomers (POEs) in sulfur-cured systems and completely replace EPDM in peroxide-cured systems. This indicates good hardness at room and elevated temperature, as well as tensile performance. This provides significant cost-savings opportunities for rubber granule manufacturers and surface manufacturers.
Rubber granules are a type of recycled rubber, which is generated after recycling truck scrap and automotive tires. Environmental pollution produces burning of dumped or discarded tires. The EPDM rubber granules are designed for softness and resiliency. Also, these rubber granules color fading resistance.
Growing disposable income and rising population are propelling the market growth over the forecast period. In sport sector the demand of rubber granules in rising, this is anticipated to drive the market growth. Lack of awareness and increasing cost of raw material are projected to hamper the growth of the market.
Recycled rubber, reclaimed rubber, and other products made from the Para tree sap are all sustainable materials. When rubber is discarded and left on its own, or when it is created in archaic factories using crude techniques, and the products and bi-products are not managed carefully and consciously, rubber becomes harmful to the environment.
In terms of granules size, the global Rubber Granules market is segmented into 0.5-2.0mm, 2.0-4.0mm, and others. In the process of recycling of rubber granules, steel and tire cord (fluff) are removed by keeping granular consistency and leaving the tire rubber. Constant processing by using cracker mill or granulator, with the help of cryogenics or by mechanical means, results into reduction of the particle size.
The 0.5-2.0 mm segment is expected to hold a considerable share of the market during the forecast period, owing to ongoing developments in the segment and its increasing use in various applications such as playground surfaces and construction.
Based on applications, the global Rubber Granules market is segmented into roadways constructions, drain constructions, playground surfaces, automobile industries, adhesives and sealants, and others. The roadways constructions segment held the largest market share and is anticipated to grow at a significant pace in the coming years.
Scraped or used tire granules are used in roadway constructions along with pavements, for hermitic sealing of cracks in the road and for highway reconstruction. In roadway constructions, rubber granules are mixed with other components for creating a substrate. Increasing usage of rubber granules in construction and maintenance of roadways, as they are sound barriers for highways, is projected to drive the market in the coming years.
Based on regions, the market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in Asia-Pacific is projected to register high CAGR over the forecast period, owing to increasing number of construction and automotive industries. The market in North America is expected to grow at a rapid pace than the market in the rest of the world, owing to the rising adoption of rubber granules in automobile industries, geotechnical applications, adhesives, and sealants.
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Major Manufactures includes 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., and others.
The base year considered for the global rubber granules market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years and the forecast is provided from 2021 to 2028.
The COVID-19 impacts that have been taken into consideration while estimating the global rubber granules market. The sudden outbreak of the coronavirus (COVID-19) has become a threat to the global rubber granules market.
The global Rubber Granules market is projected to expand at a rapid pace, due to the increasing rubber products and rising demand for rubber granules in various industries, majorly in roadways constructions, drain constructions, playground surfaces, automobile industries, adhesives and sealants, and others.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The applications in the global rubber granules market includes many industries including roadways constructions, drain constructions, playground surfaces, automobile industries, adhesives and sealants, and others.
In addition to market size (in USD Million), company market share (in % for base year 2019), other data such macro-economic factors and COVID-19 impact on the value chain are also available in the final report.
According to this Growth Market Reports, the market from Rubber Granules is likely to register a CAGR of 4.6 % during forecast period 2021-2028, with an anticipated valuation of USD 889.7 Million by the end of the 2028.
Yes, the report provides supply chain analysis along with a list of raw material suppliers, manufacturers, distributors, and customers.
Additional company profiles can be provided on request.
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