Global Tire Recycling Downstream Products Market Overview
Tire Recycling Downstream Products Market was valued at USD 5056.54 million in 2023 and is expected to reach USD 6994.09 million by the year 2032, at a CAGR of 3.67%.
The tire recycling market has grown largely in the past two decades as about 110 million tires get discarded each year creating a large stockpile of rubber that can be recycled and utilized in various applications. The majority of recycled rubber is procured from the reuse of rubber tires, which is a significant way to reduce discarded tires and benefit the environment. The tire recycling process involves the removal of fibers and metal wires generally hard steel which provides stiffness to the tire and later on clean rubber is shredded into crumb rubber. Such fine and granular rubber can be used in a variety of applications such as turf fields, synthetic track, hospital floors, roads, and raw material for other products such as shoes, sports equipment, and rubber-based appliances. Recycled rubber from tires provides innovative ways to decrease waste while solving significant challenges such as facilitating softer surfaces to reducing probabilities of injuries for athletes and constructing lower-impact hospital floors. Tire Recycling Downstream Products are a great way to reduce rubber-based pollution by utilizing discarded tires and turning them into a useful application. The tire recycling industry has been growing with the large volume of dumped tires and rubber and government encouragement making existing and new players in the market discover new methods and products based on recycled rubber creating growth opportunities for the Tire Recycling Downstream Products Market.
Market Dynamics and Factors:
Drivers
- The construction and Infrastructure industry have adopted rubber-based raw material into building construction. Recently construction industry opted for crumb rubber concrete which has seen tremendous demand in the global market. Such crumb rubber is ground to the consistency of the sand and utilized in either raw concrete or concrete blocks making a great alternative for natural extracted sand which has several adverse effects on the environment. Crumb rubber concrete provides sustainability through recycled tire rubber into useful and robust application in construction. Currently, the Construction market is expanding rapidly with the small and large projects in the United States, India, and China creating a potent market for tire recycled downstream products.
- The growing use of recycled rubber in utility product manufacturing has increased significantly as government initiatives and various subsidies are provided for the use of recycled rubber in manufacturing goods and utility products. USEPA's Small Business Innovative Research Program provides funding for tire rubber scarp management and clean-up with innovative utilization of rubber waste. The Program is envisioned to attract commercial ventures that improve the environment and quality of life by creating jobs, increasing productivity and supporting economic growth, and improving the international competitiveness of the United States technology industry. Various blue ocean companies are developing innovative ways to use waste rubber in products such as hard bricks from crumb rubber, sports gears, floor carpet, security gears such as protective shields, hostile vehicle mitigation (HVM) barriers, and helmets. The growing trend of sustainable product integration into mass manufacturing companies has boosted the Tire Recycling Downstream Products Market.
Restraints
- Every year one billion used tires are generated from which 30-40% of tires are recycled properly. Due to such large incoming discarded tires landfills are generated with large and bulky tires which are difficult to transport as well as a process for the removal of metal wires and another cleaning process that is time-consuming and costly for recycling companies to manage. Many of the time fire incidences and burning of tire stockpile is disastrous for living being as well as create a huge negative impact on the environment due to highly toxic smoke and small burning tire particles which are hazardous for health.
Opportunities
- The automotive industry shows lucrative opportunities for tire recycled products. The global auto industry has developed rapidly, especially in the Asia-Pacific region. The number of vehicles for government, corporate and private applications has increased significantly. Microeconomic development, effective and efficient vehicle manufacturing processes, and an increasing number of medium-sized consumers are factors that drive vehicle sales. In addition, the increasing popularity of electric vehicles in North America, Asia Pacific, and Europe to overcome pollution is driving the demand for newer electric vehicles, which is estimated to increase the use of scrap tires in the coming years. Several governments around the world are using the Reduce, Reuse, and Recover (3R) concept for waste tire management. It is expected that the demand for low-cost alternatives such as tire-based fuel will increase due to rising fossil fuel prices. Fuels. This is expected to open up growth opportunities for tire-based fuel products and indirectly boost the tire recycling product market. Many Original Equipment manufacturers are also started using recycled rubber material as raw material from tier 1 suppliers which are boosting the demand in the automotive market and hence provide a growing opportunity for Tire Recycling Downstream Products Market.
Challenges
- Lack of awareness and recycling initiatives in many developing and underdeveloped countries can lead the landfills with tire dumping and burning ground which is hazardous to the environment as well as a living being. Tire landfills are undesirable as they become breeding grounds for mosquitoes and other pathogenic pests. These landfills can also catch fire and release strong toxic smoke. The global tire industry is expected to expand rapidly, with the Asia Pacific accounting for 66% of demand. Due to a lack of awareness and negligible government regulations more than 50% of tires end up in landfills in Saudi Arabia, Russia, Ukraine, and Argentina each year, which is expected to hinder the market for tire recycling products. In Asia, used tires are routinely disposed of in landfills or by other environmentally harmful methods such as burning. Such constant challenges in developing countries can slow down the growth of the Tire Recycling Downstream Products Market.
Market Segmentation
- By Product, Rubber mulch is the dominating segment in the Tire Recycling Downstream Products Market. Rubber mulch is generated from the shredding of tires into small pieces from which metal wires are extracted and a remaining mulch of rubber is used in a variety of applications. Rubber mulch is useful in making floor carpets, manufacturing utility products, and rubber asphalt. Also, Rubber mulch is fine ground for use in construction applications in making bricks and cement which is a more sustainable way to procure the raw material. Many industries prefer rubber mulch as a raw material from m which they can create or mix with appropriate use according to the manufacturing process. Currently, rubber mulch is largely used in road construction as rubber asphalt which makes the normal concrete road more durable and provides better traction in rainy reasons. The growing use of rubber mulch in a variety of industries makes high growth prospects for Global Tire Recycling Downstream Products Market.
- By Recycling Method, Shredding is the dominating segment in the Tire Recycling Downstream Products Market. Shredding of tires is one of the common and widely used recycling methods of use tires. The tire recycling process involves the shredding of tires into tiny pieces from which metal wires are segregated for other use. Raw rubber crumb is whether fine ground or tuned into textile fibers. According to the end-user industry, rubber is shredded in different sizes and shapes. The shredding method is useful to segregate metal wires of tires which are removed with the magnetic remover on the conveyer belt. The shredding method is widely used due to its cost-effectiveness and ease of operation compared to other methods like Pyrolysis and cryogenic method. Genan is a leading company that works in the tire-shredding and recycling business creating innovative methods and machines to minimize the efforts as well as easy and clean recycling process. Such wide application in various parts of the world pushes the growth of the Tire Recycling Downstream Products Market.
- By End Use, Construction and Infrastructure is the dominating segment in the Tire Recycling Downstream Products Market. Currently, large-scale infrastructure projects are being carried on in various mega economies like the United States, China, and India. The infrastructure industry is adopting sustainable methods in the construction material and use of tire recycled fuels as well as fine ground granules as crumb rubber cement in the active use of construction. Growing infrastructure projects and integration of sustainable methods in construction materials have created a large demand for tire recycled downstream products globally.
Players Covered in Tire Recycling Downstream Products market are :
- Liberty Tire Recycling
- Genan Holding A/S
- Regn-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
- Tire Disposal & Recycling Inc
- West Coast Rubber Recycling Inc
- Lehigh Technologies Inc. and other major players.
Regional Analysis of Tire Recycling Downstream Products Market
- The Asia Pacific is likely to dominate the Tire Recycling Downstream Products Market. The tire recycling downstream products market within the region is anticipated to expand at a fast pace throughout the forecast period, because of the expansion of the automotive sector, a lot of scrap tires are generated each year. Most corporations and vendors of tire recycling downstream products are targeting high potential markets appreciate Japan and China in the Asia Pacific.
- Europe is another profitable region of the global tire recycling downstream products market, due to the presence of organized channels of scrap tire assortment and processing. in step with the EU Tire and Rubber Manufacturers' Association (ETRMA), European nations collect and treat 94% of the used tires that they generate. in step with the ETRMA, European countries are chop-chop adopting extended producer responsibility (EPR) programs for tires. Currently, 23 European nations had started tire EPR programs, with Slovakia, Ireland, and therefore the Czech Republic the newest to adopt them. FRG and the U.K are the key countries for tire utilization downstream merchandise in Europe. The market share of Europe is predicted to extend as an increase in awareness concerning carbon emissions at the global level pushed by various governments.
- North America is one of the key regions in terms of recycling initiatives and innovative companies are investing in creating a solution of rubber-based green recycling methods to minimize the carbon emission from recycling activities. The United States provides funding to such start-ups and empowers the clean energy sector. With a growing number of vehicles in the United States, there is a bright opportunity for Tire Recycling Downstream Products Market in the coming years.
Key Developments of Tire Recycling Downstream Products Market
- In October 2024, Environmental company Ragn-Sells and technology developer Inrigo jointly invested in technology designed to recover raw materials from rubber in worn-out tires. This venture stemmed from Ragn-Sells Group’s commitment to leading the transition toward a circular economy.
- In January 2024, Liberty Tire Recycling announced it had acquired "Empire Tire of Edgewater" in Orlando, Florida, and "McGee Tire" in Apopka, Florida. The acquisition of Empire and McGee central Florida’s leading scrap tire collectors, graders, and haulers expanded Liberty's footprint within the state and into the growing central Florida market. Liberty aimed to build on the success of these companies by applying its industry-leading approach to the collection, processing, and recycling of end-of-life tires.
Global Tire Recycling Downstream Products Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 4717.6 Mn. |
Forecast Period 2024-32 CAGR: |
3.53% |
Market Size in 2032: |
USD 6014.3 Mn. |
Segments Covered: |
By Product |
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By Recycling Method |
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By End-Use |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Product
3.2 By Recycling Method
3.3 By End-Use
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
3.5.1 Drivers
3.5.2 Restraints
3.5.3 Opportunities
3.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 4: Tire Recycling Downstream Products Market by Product
4.1 Tire Recycling Downstream Products Market Overview Snapshot and Growth Engine
4.2 Tire Recycling Downstream Products Market Overview
4.3 Tire Derived Fuel
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Tire Derived Fuel: Grographic Segmentation
4.4 Tire Derived Aggregates
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Tire Derived Aggregates: Grographic Segmentation
4.5 Rubber Mulch
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Rubber Mulch: Grographic Segmentation
4.6 Steel
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Steel: Grographic Segmentation
4.7 Rubber Powder
4.7.1 Introduction and Market Overview
4.7.2 Historic and Forecasted Market Size (2017-2032F)
4.7.3 Key Market Trends, Growth Factors and Opportunities
4.7.4 Rubber Powder: Grographic Segmentation
4.8 Other
4.8.1 Introduction and Market Overview
4.8.2 Historic and Forecasted Market Size (2017-2032F)
4.8.3 Key Market Trends, Growth Factors and Opportunities
4.8.4 Other: Grographic Segmentation
Chapter 5: Tire Recycling Downstream Products Market by Recycling Method
5.1 Tire Recycling Downstream Products Market Overview Snapshot and Growth Engine
5.2 Tire Recycling Downstream Products Market Overview
5.3 Pyrolysis
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Pyrolysis: Grographic Segmentation
5.4 Shredding
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Shredding: Grographic Segmentation
Chapter 6: Tire Recycling Downstream Products Market by End-Use
6.1 Tire Recycling Downstream Products Market Overview Snapshot and Growth Engine
6.2 Tire Recycling Downstream Products Market Overview
6.3 Cement Manufacturing
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Cement Manufacturing: Grographic Segmentation
6.4 Pulp and Paper
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Pulp and Paper: Grographic Segmentation
6.5 Utility Boilers
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Utility Boilers: Grographic Segmentation
6.6 Construction and Infrastructure
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Construction and Infrastructure: Grographic Segmentation
6.7 Playground and Sports Complexes
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size (2017-2032F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Playground and Sports Complexes: Grographic Segmentation
6.8 Tire and Rubber
6.8.1 Introduction and Market Overview
6.8.2 Historic and Forecasted Market Size (2017-2032F)
6.8.3 Key Market Trends, Growth Factors and Opportunities
6.8.4 Tire and Rubber: Grographic Segmentation
6.9 Others
6.9.1 Introduction and Market Overview
6.9.2 Historic and Forecasted Market Size (2017-2032F)
6.9.3 Key Market Trends, Growth Factors and Opportunities
6.9.4 Others: Grographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 Tire Recycling Downstream Products Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Ansoff Matrix
7.1.5 Tire Recycling Downstream Products Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 Tire Recycling Downstream Products Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 LIBERTY TIRE RECYCLING
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 GENAN HOLDING A/S
7.4 LAKIN TIRES WEST INC
7.5 REGN-SELLS GROUP
7.6 L & S TIRE COMPANY
7.7 SCANDINAVIAN ENVIRO SYSTEMS AB
7.8 ETR GROUP
7.9 RESOURCECO PTY LTD
7.10 PROBIO ENERGY INTERNATIONAL
7.11 RENELUX CYPRUS LTD
7.12 EMANUEL TIRE LLC
7.13 RELIABLE TIRE DISPOSAL
7.14 GLOBARKET TIRE RECYCLING LLC
7.15 TIRE DISPOSAL & RECYCLING
7.16 INC
7.17 WEST COAST RUBBER RECYCLING INC
7.18 LEHIGH TECHNOLOGIES INC.
Chapter 8: Global Tire Recycling Downstream Products Market Analysis, Insights and Forecast, 2017-2032
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Product
8.2.1 Tire Derived Fuel
8.2.2 Tire Derived Aggregates
8.2.3 Rubber Mulch
8.2.4 Steel
8.2.5 Rubber Powder
8.2.6 Other
8.3 Historic and Forecasted Market Size By Recycling Method
8.3.1 Pyrolysis
8.3.2 Shredding
8.4 Historic and Forecasted Market Size By End-Use
8.4.1 Cement Manufacturing
8.4.2 Pulp and Paper
8.4.3 Utility Boilers
8.4.4 Construction and Infrastructure
8.4.5 Playground and Sports Complexes
8.4.6 Tire and Rubber
8.4.7 Others
Chapter 9: North America Tire Recycling Downstream Products Market Analysis, Insights and Forecast, 2017-2032
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Product
9.4.1 Tire Derived Fuel
9.4.2 Tire Derived Aggregates
9.4.3 Rubber Mulch
9.4.4 Steel
9.4.5 Rubber Powder
9.4.6 Other
9.5 Historic and Forecasted Market Size By Recycling Method
9.5.1 Pyrolysis
9.5.2 Shredding
9.6 Historic and Forecasted Market Size By End-Use
9.6.1 Cement Manufacturing
9.6.2 Pulp and Paper
9.6.3 Utility Boilers
9.6.4 Construction and Infrastructure
9.6.5 Playground and Sports Complexes
9.6.6 Tire and Rubber
9.6.7 Others
9.7 Historic and Forecast Market Size by Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
Chapter 10: Europe Tire Recycling Downstream Products Market Analysis, Insights and Forecast, 2017-2032
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Product
10.4.1 Tire Derived Fuel
10.4.2 Tire Derived Aggregates
10.4.3 Rubber Mulch
10.4.4 Steel
10.4.5 Rubber Powder
10.4.6 Other
10.5 Historic and Forecasted Market Size By Recycling Method
10.5.1 Pyrolysis
10.5.2 Shredding
10.6 Historic and Forecasted Market Size By End-Use
10.6.1 Cement Manufacturing
10.6.2 Pulp and Paper
10.6.3 Utility Boilers
10.6.4 Construction and Infrastructure
10.6.5 Playground and Sports Complexes
10.6.6 Tire and Rubber
10.6.7 Others
10.7 Historic and Forecast Market Size by Country
10.7.1 Germany
10.7.2 U.K.
10.7.3 France
10.7.4 Italy
10.7.5 Russia
10.7.6 Spain
Chapter 11: Asia-Pacific Tire Recycling Downstream Products Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Product
11.4.1 Tire Derived Fuel
11.4.2 Tire Derived Aggregates
11.4.3 Rubber Mulch
11.4.4 Steel
11.4.5 Rubber Powder
11.4.6 Other
11.5 Historic and Forecasted Market Size By Recycling Method
11.5.1 Pyrolysis
11.5.2 Shredding
11.6 Historic and Forecasted Market Size By End-Use
11.6.1 Cement Manufacturing
11.6.2 Pulp and Paper
11.6.3 Utility Boilers
11.6.4 Construction and Infrastructure
11.6.5 Playground and Sports Complexes
11.6.6 Tire and Rubber
11.6.7 Others
11.7 Historic and Forecast Market Size by Country
11.7.1 China
11.7.2 India
11.7.3 Japan
11.7.4 Southeast Asia
Chapter 12: South America Tire Recycling Downstream Products Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Product
12.4.1 Tire Derived Fuel
12.4.2 Tire Derived Aggregates
12.4.3 Rubber Mulch
12.4.4 Steel
12.4.5 Rubber Powder
12.4.6 Other
12.5 Historic and Forecasted Market Size By Recycling Method
12.5.1 Pyrolysis
12.5.2 Shredding
12.6 Historic and Forecasted Market Size By End-Use
12.6.1 Cement Manufacturing
12.6.2 Pulp and Paper
12.6.3 Utility Boilers
12.6.4 Construction and Infrastructure
12.6.5 Playground and Sports Complexes
12.6.6 Tire and Rubber
12.6.7 Others
12.7 Historic and Forecast Market Size by Country
12.7.1 Brazil
12.7.2 Argentina
Chapter 13: Middle East & Africa Tire Recycling Downstream Products Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Product
13.4.1 Tire Derived Fuel
13.4.2 Tire Derived Aggregates
13.4.3 Rubber Mulch
13.4.4 Steel
13.4.5 Rubber Powder
13.4.6 Other
13.5 Historic and Forecasted Market Size By Recycling Method
13.5.1 Pyrolysis
13.5.2 Shredding
13.6 Historic and Forecasted Market Size By End-Use
13.6.1 Cement Manufacturing
13.6.2 Pulp and Paper
13.6.3 Utility Boilers
13.6.4 Construction and Infrastructure
13.6.5 Playground and Sports Complexes
13.6.6 Tire and Rubber
13.6.7 Others
13.7 Historic and Forecast Market Size by Country
13.7.1 Saudi Arabia
13.7.2 South Africa
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global Tire Recycling Downstream Products Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 4717.6 Mn. |
Forecast Period 2024-32 CAGR: |
3.53% |
Market Size in 2032: |
USD 6014.3 Mn. |
Segments Covered: |
By Product |
|
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By Recycling Method |
|
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By End-Use |
|
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By Region |
|
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Key Market Drivers: |
|
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Key Market Restraints: |
|
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Key Opportunities: |
|
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Tire Recycling Downstream Products Market research report is 2024-2032.
Liberty Tire Recycling, Genan Holding A/S, Lakin Tires West Inc, Regn-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, Tire Disposal & Recycling Inc, West Coast Rubber Recycling Inc, Lehigh Technologies Inc and Others major players.
The Tire Recycling Downstream Products Market is segmented into Product, Recycling Method, End-Use and Region. By Product, the market is categorized into Tire Derived Fuel, Tire Derived Aggregates, Rubber Mulch, Steel, Rubber Powder, Other. By Recycling Method, the market is categorized into Pyrolysis, Shredding. By End-Use, the market is categorized into Cement Manufacturing, Pulp, And Paper, Utility Boilers, Construction and Infrastructure, Playground and Sports Complexes, Tire, And Rubber, Other. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The tire recycling process involves the removal of fibers and metal wires generally hard steel which provides stiffness to the tire and later on clean rubber is shredded into crumb rubber. Such fine and granular rubber can be used in a variety of applications such as turf fields, synthetic track, hospital floors, roads, and raw material for other products such as shoes, sports equipment, and rubber-based appliances.
Tire Recycling Downstream Products Market was valued at USD 5056.54 million in 2023 and is expected to reach USD 6994.09 million by the year 2032, at a CAGR of 3.67%.