Recycled-Elastomers-Market

Recycled Elastomers Market Will Touch USD 19,781.2 Million by 2030 To download free sample pages of this report@https://www.psmarketresearch.com/market-analysis/recycled-elastomers-market/report-sample The recycled elastomers market was USD 8,921.8 million in 2022, and it will touch USD 19,781.2 million, advancing at a 10.5% compound annual growth rate, by 2030. The growth of the industry is mainly credited to the strict government rules, rising consciousness of recycling benefits, and increasing adoption of elastomers in numerous industries for various purposes. Furthermore, the mounting population is boosting the adoption of elastomers, because of their effective properties for instance strength, flexibility, durability, and cost-effectiveness. These elastomers are used according to their qualities for example high heat resistance, ease to recycle, and corrosion resistance, which are the main reasons boosting their requirement in China, India, and Brazil. In 2022, the thermoset category, based on type, accounted for a larger revenue share, of more than 60%, and it will grow at a higher compound annual growth rate to remain larger in the years to come. This is attributed to the fact that thermosets are implemented in numerous industries, for instance, electrical goods, automotive, aerospace, and construction.