About Tire Recycling
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.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Tire Recycling market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Miami Tire Recycling Company (United States), reRubber LLC (United States), L & S Tire (United States), Tire Disposal & Recycling (United States), Ontario Tire Stewardship (Canada), Champlin Tire Recycling (United States), Lakin Tire (United States), New River Tire Recycling (United States), Liberty Tire Recycling (United States) and Eldan Recycling A/S (Denmark) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are GENAN Holding A/S (Denmark), Emterra Group Inc. (Canada), FBS Tire Recycling Inc. (United States), Entech Inc. (United States) and Emanuel Tire Co. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Tire Recycling market by Type (Automobile Tire, Rubber Products and Other), Application (Tire-Derived Fuel, Rubberized Asphalt, Tire-Derived Aggregate, Ground Rubber/Crumb Rubber and Others) and Region.
On the basis of geography, the market of Tire Recycling has been segmented into 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). If we see Market by Equipment, the sub-segment i.e. Shredders will boost the Tire Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Pyrolysis will boost the Tire Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Trucking companies will boost the Tire Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
De-beading the Tire, Cutting It and Stamping It into Products like Shims or Belts and Carbon Black End Product from Pyrolysis is Highly Valuable
Market Growth Drivers:
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
Challenges:
Finding Efficient Collection Methods and Producing the Products, Carefully Planned and Sufficient Financial Capital, Transportation Issues of Used Tires from Rural Areas owing to Truck Driver Shortage and Commercial Viability for Pyrolysis Processing
Restraints:
Demand Loss in Utility Boiler and Pulp & Paper Sector, Lack of Drivers Has Driven Up Costs to Transport Commodity, Driver Wages are going up Owing to Improving Economy and Safety Risks and Potential for Environmental Mishaps
Opportunities:
Latest technological Development such as Devulcanization, Tire Recycling and Green Initiatives Are Innovative Fields with Continuous Advancements and Opening of New Tire Recycling Plants
EPA stresses that facilities utilizing TDF should have a plan for tire storage and handling, necessary permits for applicable state and federal environmental programs; and be in compliance with all the requirements of that permit.
Key Target Audience
Tire Recycling Service Providers, Raw Material Suppliers, End-product Use Industries, Traders/Exporters/Importers, Government & Public Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.