Crumb Rubber Market to Cross US$ 2.4 Bn by 2031Posted by Kaustubh Ravan on April 25th, 2024 The crumb rubber market to expand to a CAGR of 4.8% during the forecast period from 2021 to 2031. The increasing use of crumb rubber in various applications such as construction materials, automotive components, and asphalt substitutes fuels the growth of the crumb rubber market. The growth of the construction industry, wherein crumb rubber is used as a crucial component of concrete structures, fuels the expansion of the crumb rubber market. Crumb rubber is increasingly used as a cost-effective asphalt substitute for road construction. With increasing raw material costs for asphalt and asphalt alternatives, crumb rubber is increasingly substituting them for the demand for high-performance road construction materials used to prevent cracks and holes. Crumb rubber is recycled rubber obtained by recycling automotive and truck scrap ties. Recycling involves removing steel and tire cords to leave tire rubber with a granular consistency, which further reduces particle size with continued processing. Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=76035 North America is anticipated to account for substantial revenue to the crumb rubber market over the forecast period. The substantial demand for crumb rubber for applications in sports surfaces, construction materials, and automotive components is fueling the expansion of the crumb rubber market in the region. Market Segmentation:
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Future Outlook: The crumb rubber market is poised for significant growth driven by sustainable development initiatives and increasing adoption across diverse industries. Advancements in recycling technologies, coupled with rising environmental awareness, will fuel market expansion globally. Key Market Study Points:
Competitive Landscape and Recent Developments: Key players in the crumb rubber market include:
Recent developments include partnerships for innovative recycling solutions, expansions into new geographical markets, and product diversification to meet evolving industry demands. Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=76035<ype=S About Transparency Market Research Transparency Market Research, a global market research company registered in Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact: Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll-Free: 866-552-3453 Like it? Share it!More by this author |