San Francisco, California, October 16, 2018: The rising population, coupled with the increasing willingness to spend on infrastructural development by governments across various nations has fuelled the demand for recycled elastomers. They are widely used in infrastructure-based activities, which is a key factor driving the global recycled elastomers market, finds TMR Research in a report, titled “Recycled Elastomers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028.” The report is currently available for sale on TMR Research’s official website. It furnishes a detailed investigation on the factors enabling growth in the global recycled elastomer market. Furthermore, the report offers an in-depth analysis on the factors restraining its growth.
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In the coming years, the recycled elastomers market is likely to gain significantly from favorable government initiatives. Reforms introduced by governments is likely to fuel the demand for elastomer products and recycled rubber, thus creating growth prospects for the market. Also, the market is likely to gain from the rising agricultural productivity.
On the downside, the increasing use of elastomers as a source of fuel may curb the market’s growth to an extent. Environmental concerns arising from the use of elastomers to derive fuel are restricting the market’s trajectory. Furthermore, absence of adequate manpower and lack of expertise to properly process elastomers are hampering the market’s growth in low-income countries.
Nonetheless, several players are adopting various strategies to remain competitive. These strategies are likely to have a positive influence on the overall market. For instance, market players are introducing several refinement processes. In addition to this, they are investing in recycling methods. Such strategies are expected to mitigate the aforementioned concerns to an extent, enabling growth in the global recycled elastomers market in the coming years.
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Some of the leading companies operating in the market are Liberty Tire Recycling, American Tire Recycling, GRP Ltd., Monmouth Rubber & Plastics Corp., West Coast Rubber Recycling, Austin Rubber Company LLC, among others.