Market Overview:
Tire Recycling Downstream Products Market was valued at USD 4717.6 million in 2021 and is expected to reach USD 6014.3 million by the year 2028, at a CAGR of 3.53%.
The main source of recycled rubber is used tires, which is an important way to reduce tire waste and benefit the environment. The process of recycling tires involves separating the fibers and metal strands, especially the high-strength steel that gives tires their rigidity, and then crushing the pure rubber into crumb rubber. This fine, granular rubber can be used in a variety of applications, including turf fields, synthetic tracks, hospital floors, and roads, and as a raw material in footwear, sports equipment and rubber equipment. Using recycled rubber from tires can provide innovative solutions to major challenges, such as providing softer surfaces to reduce injuries in athletes and building less efficient hospital floors. Tire Recycling Downstream Products offers an excellent opportunity to reduce pollution from waste rubber by recycling waste tires and turning them into valuable uses.
Top Key Players for Tire Recycling Downstream Products Market:
Liberty Tire Recycling (US), Genan Holding A/S (Denmark), Lakin Tires West Inc (US), Regn-Sells Group (Sweden), L & S Tire Company (US), Scandinavian Enviro Systems AB (Sweden), ETR Group (Italy), ResourceCo Pty Ltd (Australia), Probio Energy International (US), Renelux Cyprus Ltd (Cyprus), Emanuel Tire LLC (US), Reliable Tire Disposal (US), Globarket Tire Recycling LLC (US), Tire Disposal & Recycling Inc (US), West Coast Rubber Recycling Inc (US), Lehigh Technologies Inc. (US) and Other Major Players
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- Brief Introduction to the research report.
- Table of Contents (Scope covered as a part of the study)
- Top players in the market
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Market Dynamics and Factors:
Rubber raw materials were added to the construction and infrastructure industries. One notable development is the use of crushed rubber concrete, which has gained considerable popularity in the global market. In this type of concrete, the rubber is ground to a sand-like consistency and incorporated into raw concrete or concrete blocks. It is an excellent alternative to naturally mined sand, which has many harmful environmental effects. By incorporating recycled tire rubber into construction, crumb rubber concrete promotes durability and offers a sustainable solution.
The tire recycling industry offers promising prospects for recycled tire products, especially in the automotive industry. The global automotive industry has experienced rapid growth, particularly in the Asia-Pacific region, with significant increases in the number of vehicles used for public, corporate and private purposes. The growth of vehicle sales is influenced by factors such as microeconomic development, efficient vehicle production processes and the growing number of medium-sized consumers. Governments around the world are adopting the Reduce, Reuse and Recover (3R) concept to manage tire waste.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
Key Industry Development:
In June 2023, ResourceCo expanded its operations into Victoria and is now well-positioned to serve a broader area of greater Melbourne, according to Brad Lemmon, CEO of Recycling & Waste at ResourceCo. With the addition of the Brooklyn site, ResourceCo is set to enhance its services in the region.
In March 2023, Enviro and Antin Infrastructure formed a joint venture to build the world’s first major tire recycling group. The JV aims to establish recycling plants throughout Europe, capable of recycling up to one million tons of end-of-life tires each year by 2030. The partners have also agreed on a financing plan for the expansion of new plants.
Tire Recycling Downstream Products Market Report Highlight:
- By Product, the rubber mulch segment is anticipated to dominate the market over forecast period. Rubber mulch, derived from shredded tires, is a versatile material used in various industries. Its applications include floor carpets, utility products, rubber asphalt, and construction materials. Rubber mulch is in high demand, especially for road construction, due to its durability and improved traction.
- By Recycling Method, the shredding segment is anticipated to dominate the market over forecast period. Tire recycling commonly involves shredding tires into small pieces to separate metal wires and transform the rubber into crumb or textile fibers.
- By End-use, Construction and Infrastructure segment is anticipated to dominate the market over forecast period. Infrastructure projects in major economies like the US, China, and India are fueling the demand for tire-recycled downstream products globally due to the integration of sustainable practices in construction materials.
- Asia Pacific region is expected to dominate the market over forecast period. Due to the growth of the automotive sector and the increasing number of scrap tires generated annually, the tire recycling downstream products market in the Asia Pacific region is expected to expand rapidly.
Central to our report are the company profiles and competitive analysis, providing insights into market players’ overview, market role, and operating business segments. We evaluate their financial performance, production volume, sales volume, and sales margin while highlighting recent market developments. Our market research offers invaluable intelligence and strategic insights to drive informed decision-making. By capitalizing on emerging opportunities and understanding the competitive landscape, our report empowers businesses to thrive in the Global Tire Recycling Downstream Products Market.
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Tire Recycling Downstream Products Market Segmentation:
By Product
- Tire Derived Fuel
- Tire Derived Aggregates
- Rubber Mulch
- Steel
- Rubber Powder
- Other
By Recycling Method
- Pyrolysis
- Shredding
By End-Use
- Cement Manufacturing
- Pulp and Paper
- Utility Boilers
- Construction and Infrastructure
- Playground and Sports Complexes
- Tire and Rubber
- Others
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For this report, Introspective Market Research has segmented the Tire Recycling Downstream Products Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
Scope of the Report:
The latest research on the Tire Recycling Downstream Products market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Tire Recycling Downstream Products industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Tire Recycling Downstream Products market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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