Global Tire Recycling Market is Projected to Expand at a CAGR of 2.1% Over the Forecast Period 2016-2024

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According to Goldstein Research, global tire recycling market is expected to grow from USD 0.95 billion in 2016, at a compounded annual growth rate of 2.1% over the forecast period 2016-2024. The increasing environmental concerns related to CO2 and scrap tires has led to adopt new strategies for recycling and reusing the waste tires and thus inducing the growth of the market.

Global tire recycling market segmentation has been carried out on the basis of rubber type, product type, and end-user. Based on the product type, crumb rubber is largely contributing towards the growth of complete tire recycling market. Crumb rubber is followed by the rubberized asphalt, showing highest growth rates on the back of adoption in the construction industry. The global tire recycling industry is majorly driven by Europe followed by North America. Europe accounted for USD 0.33 billion market size and is growing at a strong growth rate due to strict recycling norms and other environmental regulations.

Market Segmentation

On the basis of our in-depth analysis, Global Tire Recycling Market can be segmented as follows:

  • 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)
  • By Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

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Global Tire Recycling Industry Analysis contains a detailed overview of the global tire recycling market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by rubber type, product type, and end-user.

Further, for the in-depth analysis, global tire recycling market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as 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, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global tire recycling market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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