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Worst May be Over for Tire Recycling Market; How Industry Players Will Regain Growth Cycle Again
Tire Recycling Market Latest Edition Published with Forecast to 2028- Jan 2, 2024
- Tires & Rubber
AMA Research, a global market research and consulting organization, have released a new study titled "Tire Recycling market - Global outlook to 2028".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Tire Recycling market to grow at a CAGR of % .
The Equipment, such as Shredders, is boosting the Tire Recycling market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Technology, such as Pyrolysis, is boosting the Tire Recycling market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Source, such as Trucking companies, is boosting the Tire Recycling market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Tire Recycling market will experience significant growth during the forecast period due to potential opportunities lying in the market such as. Some of the important driving forces are “Increasing demand for tire recycled products from end-use industries and strong government supports for the environment are some of the key factors driving the demand of the tire recycling market. and Same Amount of Energy as Oil and 25 Percent More Energy than Coal”.
Tire recycling is the process of recycling converting end-of-life or unwanted old tires into material that can be utilized in new product waste. End-of-life tires typically become candidates for recycling when they become no longer functional due to wear or damage, and can no longer be re-treaded or re-grooved. These tires are a challenging source of waste, due to the large volume produced, the durability of the tires, and the components in the tire that are ecologically problematic. Tire-derived fuel remains the largest end market for scrap tires, but this end market is shrinking. Ground rubber is the second largest end market.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Tire Recycling market by Type (Automobile Tire, Rubber Products and Other), by Application (Tire-Derived Fuel, Rubberized Asphalt, Tire-Derived Aggregate, Ground Rubber/Crumb Rubber and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Tire Recycling market
The Equipment, such as Shredders, is boosting the Tire Recycling market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Technology, such as Pyrolysis, is boosting the Tire Recycling market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Source, such as Trucking companies, is boosting the Tire Recycling market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Tire Recycling market will experience significant growth during the forecast period due to potential opportunities lying in the market such as
Tire recycling is the process of recycling converting end-of-life or unwanted old tires into material that can be utilized in new product waste. End-of-life tires typically become candidates for recycling when they become no longer functional due to wear or damage, and can no longer be re-treaded or re-grooved. These tires are a challenging source of waste, due to the large volume produced, the durability of the tires, and the components in the tire that are ecologically problematic. Tire-derived fuel remains the largest end market for scrap tires, but this end market is shrinking. Ground rubber is the second largest end market.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Tire Recycling market by Type (Automobile Tire, Rubber Products and Other), by Application (Tire-Derived Fuel, Rubberized Asphalt, Tire-Derived Aggregate, Ground Rubber/Crumb Rubber and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
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