Crumb Rubber Granules Market
Crumb Rubber Granules Market
The market for Crumb Rubber Granules was estimated at $1.69 billion in 2024; it is anticipated to increase to $2.8 billion by 2030, with projections indicating growth to around $4.2 billion by 2035.
Global Crumb Rubber Granules Market Outlook
Revenue, 2024 (US$B)
$1.7B
Forecast, 2034 (US$B)
$3.9B
CAGR, 2024 - 2034
8.6%
Market Key Insights
- The Crumb Rubber Granules market is projected to grow from $1.7 billion in 2024 to $3.9 billion in 2034. This represents a CAGR of 8.6%, reflecting rising demand across Sports & Recreation Fields, Playground Surfacing and Rubberized Asphalt.
- Liberty Tire Recycling LLC, Genan Holding A/S, Lakin Tire East Inc. are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Crumb Rubber Granules market and are expected to observe the growth CAGR of 6.3% to 9.0% between 2024 and 2030.
- Emerging markets including Vietnam, Malaysia and Brazil are expected to observe highest growth with CAGR ranging between 8.3% to 10.8%.
- Transition like Sustainability for the Future is expected to add $300.0 million to the Crumb Rubber Granules market growth by 2030
- The Crumb Rubber Granules market is set to add $2.2 billion between 2024 and 2034, with manufacturer targeting Sports Infrastructures & Automotive End-Use Industries projected to gain a larger market share.
- With Increased demand in sports infrastructure, and Surge in eco-friendly construction materials, Crumb Rubber Granules market to expand 128% between 2024 and 2034.
Opportunities in the Crumb Rubber Granules
The progress in technology might increase the need for Crumb Rubber Granules as it opens avenues for developing friendly and sustainable solutions; repurposing tires into Crumb Rubber Granules looks to be a step towards eco friendliness. Technological improvements in processing crumb rubber may enhance efficiency in this process. Potentially boost demand, for this product.
Growth Opportunities in North America and Asia Pacific
North America Outlook
Asia Pacific Outlook
Market Dynamics and Supply Chain
Driver: Increased Demand in Sports Infrastructure, and Technological Advancements in Waste Management
Restraint: Environmental Concerns
Opportunity: Exploring Untapped Sectors and Consumer Needs Driving Change
Challenge: Health Risks
Supply Chain Landscape
Raw Material Procurement
Rubber Tree Plantations
Latex Harvesting Corporations
Primary Processing
Synthos Rubber
Versalis S.p.A
Production
Genan Holding A/S
American Tire Recycling Group
End-User
Sports and Playgrounds Construction
Road and Infrastructure Development
Automotive Manufacturers
Raw Material Procurement
Rubber Tree Plantations
Latex Harvesting Corporations
Primary Processing
Synthos Rubber
Versalis S.p.A
Production
Genan Holding A/S
American Tire Recycling Group
End-User
Sports and Playgrounds Construction
Road and Infrastructure Development
Automotive Manufacturers