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Market Research Report

Global Tire Recycling Industry Analysis By Rubber Type, By Product Type, By End User And By Geography & COVID-19 Impact With Market Outlook 2017-2030

Published Date :

2020-09-01

Report Pages :

751

Format :

PDF/PPT/XLS/Hard Copy

Region Covered :

Global

Global Tire Recycling Market Overview

Every year over 1.6 billion new tires are generated and around 1 billion of waste tires are generated. However, the recycling industry processed only 100 million tires every year. The tire is extensively designed with several complex processes which makes it indestructible in nature and creates difficulty in the recycling of tires. However, leading tire recyclers are spending huge amounts in advance technologies and equipment which can help in recycling the tires for various applications and protect the environment. Moreover, tax variation on the sales of new tires or the disposal of old tires plays a critical role in the tire recycling industry. In the U.S., nearly 1-2% of taxes are applied on the sales of new tires and the tax fees range from USD 0.50 to USD 1.00 per tire and taxes on disposal of old tire range from USD 0.25 to USD 1.00 per tire. The federal government is generating funds for the recycling and management of scrap tires by processing the fees on new tires and disposal facilities of old tires. These policies are pushing the tire recyclers to invest in equipment and improving the tire recycling facilities and thereby expected to fuel the growth of the tire recycling market. Furthermore, the growing implementation of crumb rubber generated from scrap tires is supporting the growth of the tire recycling market. In 2016, over 30% of crumb rubber used on sports fields and 25% of crumb rubber used as playground surfacing which is expected to create a significant disruption of the tire recycling market. Application of rubberized asphalt for the construction of pavements is also generating a pool of opportunities for tire recyclers and is expected to fuel the growth of the tire recycling market in the near future.

Tire Recycling Market Segmentation

Global Tire Recycling Market is segmented on the following basis:

Based on Rubber Type

  • Natural Rubber (NR)
  • Ethylene-Propylenediene Monomer (EPDM) Rubber
  • Styrene-Butadiene Rubber (SBR)
  • Polychloroprene
  • Others (Fluorocarbon Rubber, Silicone)

Based on Product Type

  • Crumb Rubber
  • Tire-derived fuel (TDF)
  • Rubberized Asphalt
  • Stall Mats (Pet and Equine)
  • Playground Material
  • Automotive parts
  • Bonded Rubber/Molded Products
  • Flooring Products

Based on End-User

  • Automotive & Aviation Sector
  • Manufacturing
  • Construction
  • Others ( Sports, Home Decor)

Based on Geography

  • North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Tire Recycled (%)}
  •  Latin America (Brazil, Mexico, Argentina & Rest of Latin America) {Market Size (USD Billion), Growth Analysis (%) and Tire Recycled (%)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion), Growth Analysis (%) and Tire Recycled (%)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Tire Recycled (%)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Tire Recycled (%)}
  •  Rest of World {Market Size (USD Billion), Growth Analysis (%) and Tire Recycled (%)}

Market Share by Application and Region

Rising environmental concerns and public health issues due to pollution spurring strict regulations and tax fees associated with waste tires and their disposal which are creating funding for the recycling of tires. Such policies are encouraging the growth of the tire recycling industry.

Europe is the dominating for tire recycling market followed by North America in 2016. Europe's tire recycling market valued USD 0.33 billion in 2017 and is projected to grow at notable CAGR during the forecast period. Stringent regulations and rising measures for controlling environmental pollution mainly in countries such as Sweden, Finland, France, Germany and Italy among others are propelling the growth of the Europe tire recycling market. North America accounted for nearly 31% revenue share of the global tire recycling market. The huge implementation of tire recycling processes in the U.S. is supporting the growth of the business in the North America region.

Trends, Drivers & Challenges to Market Growth

The growing popularity of recycled material to reduce the consumption of limited natural resources and to lower the CO2 emissions are pushing the adoption of innovative approaches to deal with such challenges. Recycling of scrap tires is turning out as a perfect solution for reducing environmental pollution as well as strengthens the economic condition of the country. Road construction using rubberized asphalt is proving as the best alternative for recycled scrap tires. However, the collection and recycling of all tires and prevent from illegal landfills, sensitive habitats and abandoned areas are the major challenges. Moreover, shredding processes to clean steel wire from the rubber is a highly complex process and which hampers the profit margin of tire recyclers. Lack of standards for the recycled tire products and complexities in recovering and recycling of car tires are also hindering the growth of the tire recycling market.

Covered in this Tire Recycling Market Report

Market Synopsis

Market Segmentation

The Global Tire Recycling Market is segmented as follows:

  • By Rubber Type (Market Size, Demand Analysis and Growth Analysis)
  • By Product Type (Market Size, Demand Analysis and Growth Analysis)
  • By End User (Market Size, Demand Analysis and Growth Analysis)

By Region

  • North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
  • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

COVID-19 impact on "Global Tire Recycling Market"

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Tire Recycling Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

  • Liberty Tire Services LLC
  • Lakin General
  • Entech Inc.
  • Emanuel Tire Co.
  • Tire Disposal & Recycling Inc.
  • Mac’s Tire Recyclers
  • Golden By-Products Inc
  • Champlin Tire Recycling
  • L&S Tire Co.
  • Global Rubber LLC
  • Manhantango Enterprises Inc.
  • RB Rubber Products
  • BAS Recycling Inc.
  • Rumpke Consolidated Cos. Inc
  • Global Tire Recycling of Sumter County Inc
  • reRubber LLC
  • Golden By-Products Inc.
  • Colt Inc. Scrap Tire Centers

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry-level players to ascertain their business in a dynamic ecosystem

Expert Analysis

Concluding Remarks

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Global Tire Recycling Industry Analysis By Rubber Type, By Product Type, By End User And By Geography & COVID-19 Impact With Market Outlook 2017-2030

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