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Market Research Report

Middle East Asia (MEA) Tire Recycling Market Report | 2021 Edition | 2019-2035 | Industry Analysis & Statistics

Published Date :

2021-01-29

Report Pages :

410

Format :

PDF

Region Covered :

Middle East and Africa

Middle East Asia Tire Recycling Market Overview

Across Middle East Asia, every year tens of millions of tires are discarded. Tires are extensively designed with several complex processes which make it indestructible in nature and creates difficulty in the recycling of tires. However, the leading tire recyclers spend huge amount of money on the advance technologies and equipment’s which can recycle the tires for various application and also not harness the environment. The method of disposal of tires has been stockpiling or illegal dumping or landfill. Landfilling of tires is a major problem as tires come up in landfills which can cause damage. Tires are not desired at landfills because of their large volumes and 75% void space which quickly consume valuable spaces. Pollution and energy consumption both are reduced when tires are recycled which is one of the benefits of recycling tires. Many valuable materials can be made from recycled tires including pavement mulch, roadbed material and running tracks. Crumb Rubber is sold as a feedstock for chemical or pyrolysis processes, which are used in highway paving and pavement sealers or used for the production of a large number of recycled rubber-containing products. The most important restraint towards the propagation of clean technology was the insufficient funds from the government. In almost all GCC countries, there is minimal zero legislation on e-waste with minor differences between the respective countries.70% of the output of the secondary crushing is collected and used as feedstock to the Pyrolysis process and the remaining 30% is allowed to go for further reduction to produce crumb rubber. On a volume basis, the production of tires is estimated to be 63%.

Middle East Asia Tire Recycling Market Segmentation

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 Region

  • Middle East & Africa (GCC, South Africa, North Africa, RoMea) {Market Size (USD Billion), Growth Analysis (%) and Tire Recycled (%)}

We conducted interviews with the Middle East Asia Tire Recycling Market Manufacturers, OEMs, Aftermarket Players, Brands, Component Manufacturers, End-User Industries, Distributors, Traders, Suppliers, Product Managers, Consultants, Decision Makers, VPs, Executives, Sales Managers, Regional Sales Head, C-level Executives, etc.

Key Highlights: MEA Tire Recycling Outlook, 2019-2035 (2021 Edition)

The report includes Middle East Asia (MEA) Tire Recycling Manufacturers, OEMs & Distributors Outlook (Market Competition & Global Presence), Business Strategy & Financial Analysis of Major Players. Further, the study also covers the Industry Insights (Future Trends & Forecast Data), Trade Data (Exports and Imports) and Distribution Model Analysis, Competitive Analysis, Opportunity Analysis.

  • Market Data Outlook: Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of Middle East Asia Tire Recycling Industry and further it bifurcated into Countries, 2019-2035
  • Sales Outlook: By Rubber Type, By Distribution Channel, By End User Industry Type, By Countries (Value & Volume), 2019-2035
  • Data of Manufactured & Registered Tire: By Rubber Type, By Distribution Channel, By End User Industry Type, By Countries (Value & Volume), 2019-2035
  • Manufacturing/Production of Tire: By Rubber Type (OEMs & Contract Manufacturers), Production Data (By Rubber Type, By Countries), Manufacturing Capacity, Operational Margins, Profit Margin, Distribution Analysis, etc., 2019-2035
  • Middle East Asia (MEA) Tire Recycling Industry Outlook: Tire Expenditure, Transportation & Manufacturing Reforms, Manufacturing Facilities, Govt. & Private Investments, R&D, (Current & Future Outlook), 2019-2035
  • Regulatory Framework & Approvals Outlook: Regulatory Framework for Tire Recycling, Govt. Initiatives & Programs, Manufacturing Framework & Regulations, Import Framework, Regulations & Policies, etc.
  • Competitive Outlook: Players Financial Analysis, Marketing Strategies, Ranking Index, Product Portfolio, Pricing Analysis, List of Customers, Competitive Advantage, etc. Company Profiles, SWOT Analysis of Each Player, Recent News & Developments of Each Player, Merger & Acquisitions, etc.
  • Tire Recycling Aftermarket & Components Outlook: Aftermarket Analysis, Components Sales Outlook, Aftermarket Sales Outlook, Engine and Parts Manufacturers, etc, 2019-2035
  • Market Dynamics: Growth Drivers, Challenges, Opportunities, Trends, SWOT Analysis, PESTLE Analysis, Pricing Patterns, Regulations, Investments, Research & Development, 2019-2035
  • Trade Data of Tire Recycling (Export & Import): By Each Segment, By Countries, (By Value & Volume), 2019-2035
  • Target Analysis: Target & Potential Markets, By Major Countries
  • Risk Analysis: Supply & Demand Analysis, 2019-2035

The study provides an in-depth analysis of current and future trends to elucidate the imminent investment pockets in the market.

  • Current and future trends are outlined to determine the overall attractiveness of the market and single out profitable trends to gain a stronger foothold in the market.
  • Quantitative analysis of the current market and forecast from 2019-2035 is provided to showcase the financial competency of the market.
  • Drivers and opportunities are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the potential of the market.
  • Porter’s Five Forces Model and SWOT analysis of the industry illustrate the potency of the buyers & suppliers participating in the market.
  • Competitive Outlook of major players of the market to understand the current business scenario and to understand the complexity and investment-related factors.

Trends, Drivers & Challenges to Market Growth

The recycling of scrap tires conserves natural resources such as timber, water, and minerals. It also prevents pollution by reducing the need to collect new raw materials and saves energy. Another most important benefit is that it reduces greenhouse gas emissions that contribute to global climate change which sustains the environment for future generations.

Recycling of tires by Pyrolysis offers an environmentally attractive method. The solid residue contains black carbon and the mineral matter initially present in the tire. This solid char may be used as reinforcement in the rubber industry. Also, the derived oils may be used directly as fuels, petroleum refinery feedstock or a source of chemicals.

  • Application and Uses:
  • Of the 130 million scrap tires used as fuel per year:
  • Cement Industry-41 percent
  • Pulp and Paper mills-20 percent
  • Electric Utilities-18 percent
  • Industrial/ institutional boilers-13 percent
  • Dedicated tire to energy facilities-8 percent

Market Challenges

Stockpiled tires provide perfect breeding grounds for mosquitoes, vermin, and snakes. Accidental fires caused in tire dumps can rage for months and release toxic fumes. For Example, a massive fire took place at Jahra Dumpsite in Kuwait in April 2012 where more than 5.00 million waste tires were accumulated.

Tire recycling is one of the most expensive and complex processes which companies have to undergo. Tires are the largest and the most problematic sources of waste, due to the large volumes produced and their durability. The three major technologies for recycling of waste tires are – ambient mechanical grinding, cryogenic grinding, and pyrolysis which are very expensive.

Scrap tires that are illegally dumped or improperly stored can pose a serious threat to public health and safety as well as the environment. The result can be urban blight and significant costs to residents. Scrap tires serves as nesting areas for pests and a breeding ground for mosquitoes which can spread illness. Waste tires can also catch fire and release toxic smoke.

Market Opportunities

In general, the tire could be used as whole or after reduced in size. It can be used in cement industrial as whole as an alternative fuel to the high calorific value, which is greater than coal. But in Saudi Arabia, the oil fuel is used in cement industry. After the size reduction three products will be produced crumb rubber, steel and fabric. Each one of this product is sold in the market. The products of Pyrolysis are solid, liquid and gas etc. The liquid oil can be sold directly as it or separate it by distillation column to have different products such as Benzene, Toluene and Xylene.

To eliminate these problems, to have a clean environment and to generate an economic environment, scrap tires need to be recycled.

Crumb rubber is manufactured from two primary feedstock’s: tire buffing’s, a byproduct of tire retreading and scrap tire rubber. Scrap tire rubber comes from three types of tires: passenger car tires, which represent about 84 percent of units or approximately 65 percent of the total weight of scrap tires; truck tires, which constitute 15 percent of units, or 20 percent of the total weight of scrap tires; and off-the-road tires, which account for 1 percent of units, or 15 percent of the total weight of Scrap tires. End product yields for each of these tire types are affected by the tire’s construction, strength and weight. On average, 10 to 12 pounds of crumb rubber can be derived from one passenger tire.

Mergers & Acquisitions

Double Star plans to acquire a tire maker Hengyu Technology currently undergoing bankruptcy restructuring for USD 899 million. Announcements have been made that this investment will go through Jixing Tire; a subsidiary of Double star.Hengyu currently has 650,000 unit annual truck and bus tire capacity and 6 million unit annual passenger car tire capacity on road since 2015. This partnership was done to expand the product portfolio of the company. The companies will enter together to work and join their assets and strategically work in all regions. The companies are in a profitable position to invest.

Product Launch

UAE Based EnviroServe won the prize for the Electrical and Electronic Equipment Recycling Company of the Year. In October last year, the company Enviroserve was among the winners of the Middle East Waste and recycling Awards presented by Waste & Recycling Middle East magazine in Dubai, UAE.This award was given by the organization for opening “ The Recycling Hub at Dubai Industrial City this early 2019”. In January last year, the foundation laid the facility which features the state of art equipment designed in Switzerland that creates minimal impact on the environment through its zero landfill and zero to air process. The company is convinced of the fact the it is a fully integrated electronic recycling facility in the Middle East region with a processing capacity of 40,000 tons. The region generates 40,000 tons of electronic waste annually. The company has also partnered with other business leaders and leadership team to open another unit at the Recycling Hub that provides IT asset Disposition and secure IT destruction services. The company is specializing in opening these plants to improve the waste tires recycling process and also save the environment. Two plants would do wonders for the region. There would be minimal impact on the environment which would in turn reduce pollution etc.

International and Domestic Players Dominance in Tire Recycling Market

India’s leading tyre manufacturer, the USD 2.00 billion Apollo Tyres Ltd, announced its plans for the Middle East market at a media gathering in Dubai. The region will be catered to by exports out of India, with Dubai as the hub of operations. The region has traditionally been one of Apollo’s strongest export markets, out of India, accounting for about 30% of export revenues. The company already has a distribution network in the Middle East, spanning 14 countries and 23 Business Partners. The Middle East also has infrastructure and tire usage very similar to India’s, which is why Apollo’s products have always enjoyed high acceptance in the region.  Dubai, as the world’s largest free trade zone with strong financial systems and legislation, is the perfect business destination. Dubai is also strategically located with easy access to the 1.5 billion strong consumer markets in the GCC, West Asia, Africa etc. Dubai itself is the largest tire distribution hub in the region, and provides a booming domestic market with 1 car to every 2 individual. Apollo Tires has already invested around USD2, 50,000 in creating appropriate permanent infrastructure for its business needs in Dubai; and is projecting investments and expenses of around USD 1.50 million on an annual level, starting this year. The company’s focus products will be its entire range of passenger car, 4x4 and sand application tires, along with commercial vehicle tires both cross ply and radial. Like India, the Middle East has a high usage of cross ply commercial vehicle tires, a segment in which Apollo Tires is acknowledged as the undisputed leader in product performance and reliability. Apollo’s global operation are divided into 3 divisions (Zone I, E and A) across the world. Zone I is Apollo Tires’ largest revenue earner accounting for 62% of the company’s USD 2 billion turnover. Tires for this region are produced out of Apollo’s 4 plants in India, including a state-of-the-art automated unit in the southern city of Chennai. Exports out of India grossed USD 106.00 million in the financial year just ended (FY2010-11), and are projected to grow at a double digit rate, in the next few years, due to strategic initiatives currently being taken.

Middle East Asia Tire Recycling Market : Sales Distribution Data

Lazada, the Rocket internet-backed e-commerce firm in South East Asia is one of the emerging billion-dollar investments. A four-year-old company ran out of money as Alibaba swooped in with a majority investment including USD 500.00 million in fresh capital and the acquisition of USD500 million in stocks from existing investors. It is the largest e-commerce player in the region in terms of size and the company is doing financially well. Lazada showed USD 191 million sales, showed USD 233 million loss for the period which was driven by the costs of acquiring users, incentives to merchant and general marketing costs. Rocket Internet which founded Lazada back in 2012 came with an impressive return of USD 20.50 million. E-Bay and Amazon are the other retailing sites which are in nascent stage. In Lazada, is promising to be Amazon of South East Asia-Commerce has grown over the years but Alibaba admits that online represents 3% of the total sales in South East Asia. In reality it is major constraint for Lazada which anticipated that things would develop at a faster pace. The large investment by Alibaba into South East Asia is how fast the region will grow over the years. Startups are also catering to the retailing of waste tires. Startups are bullish that Alibaba’s newly increased focus on South East Asia will bring with its opportunities for the wider e-commerce market. This might attract more capital into not just e-commerce but many other business models in the region.

Export and Import Snapshot

Exporting Countries

  • China: US$15.1 billion (18.9%)
  • Germany: $6 billion (7.5%)
  • Japan: $5.1 billion (6.4%)
  • United States: $5.1 billion (6.4%)
  • Thailand: $4.9 billion (6.1%)
  • South Korea: $3.5 billion (4.3%)
  • France: $2.8 billion (3.5%)
  • Netherlands: $2.5 billion (3.2%)
  • Spain: $2.5 billion (3.1%)
  • Poland: $2.4 billion (3%)
  • Czech Republic: $2.1 billion (2.6%)
  • Slovakia: $2 billion (2.6%)
  • India: $1.8 billion (2.3%)
  • Hungary: $1.7 billion (2.1%)
  • Romania: $1.7 billion (2.1%)

Importing Countries

  • China: US$14.3 billion (net export surplus down -8% since 2014)
  • Thailand: $4.4 billion (up 39.9%)
  • Japan: $3.9 billion (down -26.5%)
  • South Korea: $2.6 billion (down -24.5%)
  • India: $1.4 billion (up 11.7%)
  • Slovakia: $1.2 billion (up 10.4%)
  • Czech Republic: $1.2 billion (down -11.5%)
  • Romania: $1.2 billion (down -6.3%)
  • Hungary: $1 billion (up 22.1%)
  • Poland: $977.3 million (down -21.2%)
  • Indonesia: $924.6 million (down -17.1%)
  • Spain: $664.7 million (down -3.2%)
  • Serbia: $633.1 million (up 100.4%)
  • Portugal: $620.6 million (down -2.2%)
  • Taiwan: $537.4 million (down -17.5%)
Tire Recycling Companies Sales Turnover USD Billion Revenue USD Million
Granutech –Saturn Systems 10,000,000-100,000,000 NA
Harden Machinery Limited 1,000,000-10,000,000 NA
Eldan Recycling NA 726.00
Shred-Tech Corp NA NA
Pierra Tire NA NA
Al-Hattan Group NA NA
Delta International Co. Limited NA NA
Prrocrat Systems LLP NA NA
Jiangyin Xinda Machinery Co. Limited NA NA
Zhonghong Waste Rubber Comphrensive NA NA

Latest News in Tire Recycling Market

Bridgestone has announced that its India business will be merged with the Europe Middle East and Africa areas, transferring from the China Asia-Pacific strategic business unit. The country will try to untapped the potential locations and will take place in 2020. As a result, Bridgestone Europe, Russia Middle East and Africa will become Bridgestone Europe, Russia, Middle East, India and Africa one of its four globally strategic business units alongside Bridgestone China, Asia-Pacific, Bridgestone Americas and Bridgestone Japan. India is a huge market a potential that can be explored and is definitely being met. Bridgestone India is few years old and is the largest premium tire producer in the country. Bridgestone is also rapidly expanding the Indian automotive sector and the tire market can be better be realized when we join together with the other units. The digital transformation can be accelerated by India’s tech skills and IT.

Competitive Landscape of Middle East Asia Tire Recycling Market

  • Harden Machinery Limited
  • Enerpat Group UK Limited
  • Granutech –Saturn Systems
  • Shred-Tech Corp
  • Wuhan Green World Technology Co .Limited
  • Yeuan Jih Machine Co. Limited
  • Zhanjiang Weida Machinery Industrial Co Limited
  • Guangzhou 3EMachinery Co .Limited
  • Jiangyin Xinda Machinery Co .Limited
  • Ruixin Environmental Specialty Equipment Manufacturing Co Limited
  • Jiangyin Haixiang Machinery Co. Limited
  • Whltiston Metal Recycling Machines
  • Plastic and Tire Recycling Consultants/Hikmat International Recycling
  • CM Tire Recycling-a Columbus McKinnon Brand
  • Welantech International Gmbh
  • Claire Clarisse
  • SUNY GROUP
  • Jiangxi Mingxin Metallurgy Equipment Co. Limited
  • Wuxi Shred well Recycling Technology Co. Limited
  • Enrestec Inc.
  • Diresun Machinery Industry Co .Limited
  • YFL Industrial Supply Corp. Limited
  • XinXiang Xinyutian Rubber & Plastic Machinery Co .Limited
  • Sagama Limited
  • FAB-INDIA
  • Titan Machinery Limited
  • Henan Doing Machinery Equipment Co .Limited
  • Linyi Meicheng Machinery and Equipment Co .Limited
  • Henan Doing Mechanical Equipment Co .Limited
  • Jiangyin Canzhuo Machinery Co .Limited
  • AL-HODAFI Recycling
  • Ithmaar Green Energy & Projects Limited
  • ZERMA Machinery & Recycling Technology
  • Careddi Technology Co. Limited
  • Pelmar Engineering Limited
  • Vihoo Pyrolysis Plant
  • Zhonghong Waste Rubber Comprehensive Utilities
  • Arab Lead Company L.L.C
  • Huanchuang Technology Co. Limited
  • Maxan Corporation Pvt .Limited
  • Zenith Cutter
  • Suzhou Yagogue Environmental Protection Technology Co .Limited
  • Henan Zhongying Rubber technology Co. Limited
  • Run sun Metallurgical Equipment Co. Limited
  • Ma AnShan Sheng Zhong Heavy Industrial Machinery Co. Limited
  • R.F. SRL
  • China Shredder Company Limited
  • Jingau Enterprise Co. Limited
  • Changwoen Recycling Machinery
  • Leshan Shengxing Machine Co. Limited
  • TechnoKomplex
  • Negev Ecology
  • More Green (Henan) Environmental Protection Equipment cCo. Limited
  • Henan Doing Machinery Equipment Co. Limited
  • Xinxiang doing Renewable Energy Equipment Co. Limited
  • Volvo Construction Equipment
  • Huayn Renewable Energy equipment Co. Limited
  • Genox Recycling Technology Co Limited
  • Henan Donghe Environmental Technology Incorporated Company
  • SSI Shredding Systems, Inc.

COVID-19 impact on "Tire Recycling Market in Middle East Asia"

The report analyses and includes a complete detailed chapter of 50-70 pages about the short-term & long terms impact of the COVID-19 outbreak on each segment of the "Middle East Asia Tire Recycling Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, the impact of the virus on leading companies, the 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.

Covered In This Middle East Asia (MEA) Tire Recycling Market Report

The report covers the present ground scenario and the future growth prospects of the automotive aftermarket for 2019-2035 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major countries. Middle East Asia Tire Recycling Market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Middle East Asia Tire Recycling Market Outlook 2019-2035, has been prepared based on in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the tire Recycling aftermarket industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players, and their business models. “Middle East Asia Tire Recycling Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.

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Key questions answered in this Middle East Asia Tire Recycling Market Report

  • What is the total market size by 2035 and what would be the expected growth rate of the market?
  • What is the total revenue per segment and region in 2018-19 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry-level players?
  • What are the recent developments and business strategies of the key players?

Reasons to buy this market study

  • Facilitate decision-making based on strong historic and forecast data for Middle East Asia Tire Recycling Market
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the Middle East Asia Tire Recycling Industry’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy, and prospect.



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Middle East Asia (MEA) Tire Recycling Market Report | 2021 Edition | 2019-2035 | Industry Analysis & Statistics

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