Global Coloured EPDM Granules Market Size To Exceed USD 8.09 Billion By 2033 | CAGR of 6.47%
Category: Advanced MaterialsGlobal Coloured EPDM Granules Market Size To Exceed USD 8.09 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Coloured EPDM Granules Market Size Expected to Grow from USD 4.32 Billion in 2023 to USD 8.09 Billion by 2033, at a CAGR of 6.47% during the forecast period 2023-2033.
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Browse key industry insights spread across 238 pages with 110 Market data tables and figures & charts from the report on the" "Global Coloured EPDM Granules Market Size, Share, and COVID-19 Impact Analysis, By Type (0.5-1.5 mm, 1.5-2.5 mm, 2.5-3.5 mm, 3.5-5 mm, and Above 5 mm), By Application (Sports Flooring, Playgrounds, Landscaping, Automotive, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033" Get Detailed Report Description Here: https://www.sphericalinsights.com/press-release/adipic-acid-market
The production, promotion, and distribution of colored EPDM granules, a rubber substance that is frequently utilized in playgrounds, sports fields, flooring, and roofing because of its strength, beauty, and safety characteristics. The significant rise can be attributed to the increasing need for durable and sustainable materials for a range of uses, such as playgrounds, sports fields, and landscaping. EPDM granules' eco-friendliness, durability, and adaptability are the main factors propelling its market growth. The market for colored EPDM granules is expanding due in large part to rising demand and awareness for eco-friendly building materials. The industry has also been helped by the increasing use of colored EPDM granules for public spaces in developing countries like China and India as a result of infrastructure development and urbanization. According to the U.S. Census Bureau, the 5% increase in public building investment in the United States over the past year presents significant development potential for colored EPDM granules in playgrounds and public sports facilities. In an effort to reduce the environmental impact, governments in North America and Europe are also promoting the use of recycled materials in infrastructure projects. This development presents a lucrative opportunity for manufacturers to expand their selection of recycled-colored EPDM granules. However, the market for colored EPDM granules faces substantial challenges. The cost of manufacturing colored EPDM granules is influenced by the price volatility of raw materials, especially those sourced from petroleum.
The 1.5-2.5 mm segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the type, the global coloured EPDM granules market is categorized as 0.5-1.5 mm, 1.5-2.5 mm, 2.5-3.5 mm, 3.5-5 mm, and above 5 mm. Among these, the 1.5-2.5 mm segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. This is because granules of this size are quite versatile and suitable for a range of applications, including playgrounds, sports fields, and roofs. Their smaller size enhances coverage and visual attractiveness, which is why many businesses enjoy them.
The sports flooring segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the global coloured EPDM granules market is categorized as sports flooring, playgrounds, landscaping, automotive, and others. Among these, the sports flooring segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The material's exceptional shock-absorbing properties, which enhance athletic performance and reduce injury rates, make sports flooring a significant application area. Colored EPDM rubber granules are widely used in sports facilities, including gym floors and sporting tracks.
North America is projected to hold the largest share of the global coloured EPDM granules market over the forecast period.
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North America is projected to hold the largest share of the global coloured EPDM granules market over the forecast period. The market for colored PDM granules is significant in North America because of the high demand for sports and recreational surfaces as well as the increased focus on safety and quality standards in public areas. In addition to a growing number of playgrounds and public parks with EPDM surfaces, the region has a strong sports infrastructure.
Europe is expected to grow at the fastest CAGR growth of the global coloured EPDM granules market during the forecast period. Europe is a major market for colored EPDM granules due to its stringent safety and environmental regulations and emphasis on eco-friendly building materials. In countries like Germany, the UK, and France, EPDM granules have long been used for sports and leisure surfaces, and this trend is continuing to drive market growth.
Major vendors in the global coloured EPDM granules market are Ultimate RB, Miroad Rubber, Gezolan, Unirubber, Fairmont Industries, Stargum, Prismi, Melos, Changyue Sports, LayFlex, Geyer & Hosaja, Sparton Enterprises, Jiangsu Tianyu, and others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In March 2022, the purchase of Kraton Corporation by DL Chemical Co., Ltd. was finalized on March 15, 2022. A world leader in sustainable manufacturing, Kraton produces useful biodegradable products and specialized polymers from the leftovers of the pulping of pine wood.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global coloured EPDM granules market based on the below-mentioned segments:
Global Coloured EPDM Granules Market, By Type
- 0.5-1.5 mm
- 1.5-2.5 mm
- 2.5-3.5 mm
- 3.5-5 mm
- Above 5 mm
Global Coloured EPDM Granules Market, By Application
- Sports Flooring
- Playgrounds
- Landscaping
- Automotive
- Others
Global Coloured EPDM Granules Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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