Micronized Rubber Powder Market Size, Share, Growth, and Industry Analysis by Type (＜75 μm, 75-105 μm, 105-177 μm, and 177-400 μm) By Application (Rubber, Plastics, Coatings, and Others), Regional Insights and Forecast To 2032

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MICRONIZED RUBBER POWDER MARKET OVERVIEW

The global micronized rubber powder market size was valued at USD 0.05 billion in 2023 and is projected to touch USD 0.09 billion by 2032, at a CAGR of 8.19% during the forecast period. Asia-Pacific holds leading position in micronized rubber powder market share in 2023.

The term Micronized Rubber Powder (MRP) refers to elastomeric crumb rubber that has been ground to a fine powder and is dry, powdery, and devoid of extraneous particles. The normal range of micronized rubber powder particle size distributions is 180 m to 10 m. Micronized rubber powder may be used in a variety of cutting-edge items since it is almost entirely devoid of metal and fiber.  Depending on the method used for categorization, narrower distributions can be produced. Micronized rubber powder is a black, free-flowing rubber powder that may be used in many different systems and applications.

 Micronized rubber powder may be integrated into a variety of polymers because of its micron size, and it gives finished goods a smooth surface look. In certain instances, the micronized rubber powder is given a chemical treatment to activate, or make functional, the surface of the powder particles in order to increase interaction with host materials. This is known as a functionalized micronized rubber powder. The ability of micronized rubber powder microparticles to improve abrasion resistance, improve aesthetics, and reduce mechanical wear & surface contamination is due to its extraordinarily low coefficient of friction. It must be thoroughly integrated into other materials in its micronized form in order to be effective as an addition.

COVID-19 Impact: Decline in Demand to Slower Market Growth

The COVID-19 pandemic has had a detrimental influence on the majority of industries worldwide during the past few months. This can be attributed to significant interruptions in their respective supply chains and lockdowns for safety, as well as other restrictions put in place by regulatory agencies around the world. The Micronized Rubber Powder Market is no different. But it is projected to rise rapidly during the course of the projected period.

The global COVID-19 pandemic has been unprecedented and staggering, with micronized rubber powder experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to the micronized rubber powder market growth and demand returning to pre-pandemic levels once the pandemic is over.                                                                                               

LATEST TRENDS

Utilization of Recycling Products to Boost Market Growth

In comparison to earlier post-manufactured rubber technologies, Micronized rubber powder represents a progression. The simplest rubber processing technique produces rubber chips that are generally one inch or more from used tires and post-industrial rubber material. Following that, these chips are utilized in civil engineering and gasoline made from recycled tires.  In some circumstances, MRP can lower formulation costs since it substitutes cheap feedstocks made of rubber and oil. MRP reportedly delivers up to a 50% cost reduction over virgin raw materials, according to certain estimations.

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MICRONIZED RUBBER POWDER MARKET SEGMENTATION

• By Type

As per the type, the market is classified as follows: ＜75 μm, 75-105 μm, 105-177 μm, and 177-400 μm. 75 μm is the leading segment type in the micronized rubber powder market.

• By Application

Based on application, the market is segmented as follows: Rubber, Plastics, Coatings, and Others. The micronized rubber powder market share is dominated by the rubber segment.

DRIVING FACTORS

Various Applications in Construction to Facilitate Market Development

Micronized rubber powder which is larger and different from crumb rubber in composition, may be used in more sophisticated and expensive applications. The tire, automobile, building, industrial component, and consumer goods industries all use micronized rubber powder in their products. In addition, it serves as an ingredient in sealants, coatings, asphalt, plastics, tires, and plastics. High-density polyethylene (HDPE), nylons, and polypropylene in prime or recycled grade are further materials that can integrate micronized rubber powder. Micronized rubber powder is also a viable element for automotive, building, and construction applications due to its inclusion in thermoplastic elastomers (TPE) and thermoplastic vulcanizates (TPV). These various application drives micronized rubber powder market growth.

Decreased Need for Natural Rubber to Promote Industry Progress

End-of-life tire and rubber materials are processed using a second-generation method to create crumb rubber, also known as ground tire rubber. Ground tire rubber generally consists of chips that range in size from one inch to 30 mesh, with the majority of the accompanying fiber and steel removed. This substance is utilized in playgrounds, mulch for gardens, and asphalt. Micronized rubber powder is used in the manufacturing of materials as a processing aid and compound extender to reduce the need for natural rubber and synthetic polymers.

RESTRAINING FACTORS

High Cost, Noise, and Rolling Resistance to Hinder Market Growth

Elastomers can benefit economically and environmentally from the addition of ground rubber from used tires. Different varieties of virgin rubber matrices have different sorts of untreated or treated fillers that have been studied. They have a crosslinked structure, which is a major problem, and huge particle sizes. Particularly when under dynamic loads, these additives generate defects that cause microcrack initiation. The degradation of the essential qualities might be prevented by the introduction of smaller particles at an appropriate concentration. This negative impact may affect micronized rubber powder market.

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MICRONIZED RUBBER POWDER MARKET REGIONAL INSIGHTS

Increase in Demand to Propel Market Progress in North America

For many end-use industries, micronized rubber powder is essential for safeguarding the exterior of various items. The North American micronized rubber powder market size is anticipated to be driven by the rapid expansion of paint and coating applications in manufacturing and construction. There are high chances for market participants to invest in this market given the consistent growth of the chemical and coating industries.

KEY MARKET PLAYERS

Market Players Focus on New Product Launches to Strengthen Market Position

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List Of Top Micronized Rubber Powder Companies

• I.Q.M.
• Lehigh Technologies
• Genan
• Sun-Flex
• Kargro Recycling
• Entech

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.