Crumb Rubber Market: Introduction
Transparency Market Research delivers key insights on the global crumb rubber market. In terms of revenue, the global crumb rubber market is estimated to expand at a CAGR of 4.8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global crumb rubber market.
The global crumb rubber market is broadly affected by several factors, including increase in usage of crumb rubber in various applications such as automotive components, construction materials, asphalt, and sports surfaces. Rise in global demand for cement & concrete in road construction activities has led to significant growth in usage of crumb rubber. Increase in demand for sports surfaces is also expected to be the primary driver of the global crumb rubber market.
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Crumb Rubber Market: Dynamics
Crumb rubber is recycled rubber produced from automotive and truck scrap tires. During the recycling process, steel and tire cord are removed, leaving tire rubber with a granular consistency. Continued processing with a granulator or cracker mill, possibly with the aid of cryogenics or by mechanical means, reduces the size of the particles further.
The particles are sized and classified based on various criteria including color (black only or black and white). Granulate is sized by passing through a screen, the size based on a dimension or mesh. Crumb rubber is often used in artificial turf as cushioning.
The two major technologies used for producing crumb rubber are ambient mechanical grinding and cryogenic grinding. Of the two processes, cryogenic process is more expensive, but it produces smoother and smaller crumbs.
Crumb rubber is added to a variety of sealants, coatings, and caulking to enhance performance characteristics. Applications include sealing surfaces, repairing small cracks, and reducing the erosion and wear of asphalt, concrete, brick, metal, wood, plastic, and tiles. Crumb rubber is added to acrylic paint to make a remarkable sealant applicable on flat roofs.
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Crumb Rubber Market: Prominent Regions
In terms of region, North America is likely to account for a large share of the global crumb rubber market during the forecast period. Rapidly growing applications in different application sectors such as automotive components, construction materials, asphalt, and sports surfaces are likely to drive the market in North America. Various countries, particularly the U.S., have increased their ability to produce crumb rubber in the past few years. A significant driver boosting the regional market is the escalating sale of crumb rubber in many application sectors.
Europe is also a prominent region of the global crumb rubber market. Germany led the crumb rubber market in Europe in 2020. Increase in demand for crumb rubber in construction materials, asphalt, and sports surfaces is driving the crumb rubber market in Germany.
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Crumb Rubber Market: Major Players
The global crumb rubber market is consolidated with the presence of key players. Prominent players operating in the global crumb rubber market include Tinna Rubber And Infrastructure Ltd, LIBERTY TIRE RECYCLING, Lakin Tire, Emanuel Tire Family of Companies, Tire Disposal & Recycling, Tracc Tire Recycling, Intowaste Ltd, and CRM.
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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