Us Granular Rubber Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Granular Rubber Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 7.8 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The US Granular Rubber Market is growing at an impressive pace, driven by increased demand for sustainable alternatives in various industries. Granular rubber, primarily produced from recycled tires, is finding its way into multiple applications ranging from construction to automotive. This surge is influenced by a growing emphasis on environmental sustainability and circular economy models. But what exactly makes granular rubber so important, and why is the US market expanding so rapidly?
Granular rubber is made by processing waste tires, which are shredded into small pieces, often referred to as crumbs or granules. These granules can be used in various ways, including as infill material for synthetic turf, as road construction material, or even as a component in rubberized asphalt. The versatility of granular rubber in improving infrastructure and sports surfaces is a key factor in its market rise. As municipalities and industries look to reduce landfill waste and boost recyclability, granular rubber presents a sustainable solution.
According to recent statistics, the US granular rubber market is set to grow by an estimated 8% annually over the next decade. The expansion is further fueled by the increasing awareness of environmental issues and a shift towards eco-friendly building materials. The market’s growth is also supported by governmental policies that encourage recycling and the reduction of waste, thus promoting the use of recycled materials in public and private sectors alike.
In addition to its environmental benefits, granular rubber offers cost-effective advantages for industries such as construction. For instance, using rubberized asphalt can lead to quieter and more durable road surfaces. The material also provides improved safety features in playgrounds and sports facilities, as it is shock-absorbent, reducing the risk of injuries. The market's diverse applications make granular rubber a product of interest across different sectors, from transportation to landscaping.
As demand increases, manufacturers are working to improve the efficiency of the granulation process, ensuring a higher quality product that meets the growing needs of industries like automotive, construction, and recreation. The rise of technology and innovations, like the use of granular rubber in 100 Gigabit Fiber Optic Transceiver applications, shows the material's potential to contribute to various fields, making it a material to watch in the coming years.
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Tinna Rubber And Infrastructure Ltd
LIBERTY TIRE RECYCLING
Lakin Tire
Emanuel Tire Family Of Companies
Tire Disposal & Recycling
Tracc Tire Recycling
CRM
Entech Inc.
Mahantango
SUNFLEX RECYLING PVT LTD.
Khalsa Rubber Industries
VELLIS GROUP
Group CNJ
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Granular Rubber Market
Automotive
Construction
Sports and Recreational Equipment
Flooring and Matting Solutions
Industrial Applications
Natural Rubber
Synthetic Rubber
Blends of Synthetic and Natural Rubber
Tire Manufacturers
Construction Companies
Sports Equipment Manufacturers
Entertainment Facilities
Waste Management and Recycling Companies
Cryogenic Grinding
Mechanical Grinding
Ambient Grinding
Fine Granules (below 1mm)
Medium Granules (1mm to 3mm)
Coarse Granules (above 3mm)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Granular Rubber Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Granular Rubber Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Granular Rubber Market, By Type
6. Global Granular Rubber Market, By Application
7. Global Granular Rubber Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Granular Rubber Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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