Introduction

The global market for recycled elastomers—rubber materials reclaimed and reused from end-of-life products—is gaining momentum. According to a report by Stratview Research, the recycled elastomers market was estimated at USD 3.74 billion in 2022 and is projected to grow at a CAGR of approximately 12.6% through 2028, reaching around USD 7.65 billion. This growth reflects rising regulatory pressure to reduce waste, increasing raw material costs for virgin elastomers, and a strong shift toward circular economy models.

Applications

Recycled elastomers find use across a widening set of applications including infrastructure (e.g., rubber‐modified asphalt, vibration dampers), playground surfaces, sports products, home & garden, agriculture (hoses, mats), and medical devices. Infrastructure remains a major application vertical thanks to benefits such as durability and waste-diversion. For example, recycled styrene butadiene rubber (SBR) and nitrile butadiene rubber (NBR) are reused in molded parts, mats and construction materials.

Key Drivers

The market is driven by several factors: stronger environmental regulations and landfill diversion targets; escalating production and disposal of tyres and other elastomeric waste; growing industrialisation in emerging markets and demand for cost-effective substitutive materials; and advancements in recycling/de-vulcanisation technologies improving material quality and supply reliability.

Future Opportunities

Significant opportunities lie ahead in:

• High-performance recycled elastomers that match the mechanical properties of virgin rubbers, enabling wider adoption in demanding sectors.
• Expanded use in agriculture and medical segments, as highlighted by stratview’s segmentation showing agriculture as a fast-growing application.
• Regional growth in Asia­-Pacific where infrastructure build-out and sustainability policies are strong, positioning such markets for accelerated uptake.

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Conclusion

The recycled elastomers market is entering a phase of robust growth driven by sustainability imperatives, enhanced recycling technologies and diversified applications. As industry players scale up capabilities and align with circular economy strategies, recycled elastomers are set to play a key role in reducing reliance on virgin rubber and transforming waste into value. With an expected near-doubling of market size by 2028 per Stratview Research, the sector offers promising returns for innovators and adopters alike.