- An emerging trend in the global tire recycling downstream
products market is of adopting crumbed rubber that can be used
instead of extracting natural sand
- The global market is expected to provide lucrative growth
avenues for the key stakeholders by allowing recycling tires into
useful materials such as steel-free crumb powder and rubber powder
among others
ALBANY, New York, March 23, 2020 /PRNewswire/ -- As per the
research report published by Transparency Market Research, the
global tire recycling downstream products market stood at a
valuation worth around US$4 Bn in
2018. During the given period of forecast ranging from 2019 to
2027, the global market is expected to exhibit a moderate CAGR of
~3%. With this rate of growth, the new valuation of the tire
recycling downstream products market will be around US$6 Bn by the fall of 2027.
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Global Tire Recycling Downstream Products Market – Key
Takeaways
- Based on recycling technique, the segment of shredding
accounted for a larger share in the global tire recycling
downstream products market in 2018.
- In terms of product, the segment of rubber powder accounted for
a considerable share in the global market in 2018 and is expected
to continue to lead over the forecast period.
- Based on end use, the segment of cement manufacturing has been
the leading one. Presently, the cement manufacturing companies
utilize tire-derived fuel to aid their main fuel for firing up
cement kilns.
Explore a report with detailed research, incisive insights,
and in-depth country levels estimations. Gain business intelligence
on global Tire Recycling Downstream Products Market by Recycling
Technique: Pyrolysis and Shredding (Mechanical, Cryogenic, and
Others); Product: Tire-derived Fuel, Tire-derived Aggregates,
Rubber Mulch, Steel, Rubber Powder, and Others; and End Use: Cement
Manufacturing, Pulp & Paper Mills, Utility Boilers,
Construction & Infrastructure, Sports Complexes &
Playgrounds, Tires & Rubber, and Others- Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027, at
https://www.transparencymarketresearch.com/tire-recycling-downstream-products-market.html
Global Tire Recycling Downstream Products – Key Driving
Factors
- One key factor for the growth of the global tire recycling
downstream products market is the poor quality of roads across
several key regions in the world. It is a big concern for the
public sector and has led to an increasing demand for high quality
materials for road construction.
- This has prompted the use of the tire recycling downstream
products as they work as highly efficient and cost effective raw
materials for such demands.
- In addition to this, rubber powder derived from used or end of
life tires for maximizing the asphalt quality is a highly preferred
alternative. It reliable and highly cost efficient. The product
also helps in improving the construction quality and life of the
road.
- Another important driving factor for the market growth has been
the key technological advancements in the field of rubber
recycling.
- Introduction of novel concepts such as 'Reduce, Reuse, Recover'
for scrap tire management is also a key driving factor for the
development of the global tire recycling downstream products
market.
- Increasing demand from cement and construction manufacturing
industries is also helping to drive the market growth.
View Detailed Table of Contents at
https://www.transparencymarketresearch.com/report-toc/72929
Global Tire Recycling Downstream Products Market –
Geographical Outlook
- Asia Pacific is the most
dominant regional segment of the global tire recycling downstream
products market and will continue to be so in the coming years of
the forecast period.
- Rapid growth of automobile sector in the region, huge amounts
of scrap tire generation each year, and adoption of new
technologies for tire disposal are some of the key factors helping
to drive the development of the Asia
Pacific market.
- Europe is next line in terms
of revenue generation after Asia
Pacific, driven mainly by contribution from countries such
as Germany and the UK.
Analyze Tire Recycling Downstream
Products Market growth in 30+ countries
including US, Canada, Germany, United
Kingdom, France,
Italy, Russia, Poland, Benelux, Nordic, China, Japan,
India, and South Korea. Request a
sample of the study.
Global Tire Recycling Downstream Products Market – Key
Players
Some of the prominent brands operating in the global tire
recycling downstream products market are Liberty Tire Recycling,
Genan Holding A/S, Lakin Tires West Inc, Ragn-Sells Group, L &
S Tire Company, Scandinavian Enviro Systems AB, ETR Group,
ResourceCo Pty Ltd., Probio Energy International, Renelux Cyprus
Ltd, Emanuel Tire LLC, Reliable Tire Disposal, Globarket Tire
Recycling LLC among others.
Tire Recycling Downstream Products Market by Recycling
Technique
- Pyrolysis
- Shredding
-
- Mechanical
- Cryogenic
- Others (including Waterjet Machining Process)
Tire Recycling Downstream Products Market by Product
- Tire-derived Fuel
- Tire-derived Aggregates
- Rubber Mulch
- Steel
- Rubber Powder
- Others (including Crumb Rubber and Fiber)
Tire Recycling Downstream Products Market by End Use
- Cement Manufacturing
- Pulp & Paper Mills
- Utility Boilers
- Construction & Infrastructure
- Sports Complexes & Playgrounds
- Tires & Rubber
- Others (including Chemical Industry and Steel Production
Plants)
Tire Recycling Downstream Products Market by Region
- North America
-
- Europe
-
- Germany
- U.K.
- France
- Spain
- Italy
- Poland
- Rest of Europe
- Asia Pacific
-
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
-
- Mexico
- Brazil
- Rest of Latin America
- Middle East &
Africa
-
- Morocco
- South Africa
- Rest of Middle East &
Africa
Explore Transparency Market Research's award-winning coverage
of the global Energy and Natural Resources
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