It is estimated that by 2028, the market size of the global tire recycling market will reach US$4.602.8 billion, with a compound annual growth rate of 3.41% from 2021 to 2028. The most important aspect of technological innovation is cost-effective methods and increase the possibility of tire recycling.
Dallas, Texas, November 12, 2021 (Global News Service)-Tire recycling has become an indispensable combined industry in the transportation and automotive industries. The substantial increase in the number of automobile production and the surge in manufacturing activities in the past few decades, along with increased awareness and environmental issues related to production by-products and waste generated by the automobile manufacturing industry, has accelerated the demand for tire recycling services.
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However, recycling factories have also been observed to produce a large amount of waste, which leads to a significant decline in air quality by polluting the air. At the same time, it also raises the risks associated with reducing the health of the surrounding communities, which may inhibit the growth of the global tire recycling market.
Increasing cash inflows and outflows, coupled with increasing liquidity, demand for tire recycling is rising rapidly, as manufacturers and consumers are increasingly aware of the advantages of recycling rather than disposal, and the complexity and adversity associated with tire disposal The tire recycling market is enhancing the growth prospects of the world.
Player's tire recycling market
Global Rubber L&S Tire Champlin Golden By-Products Mac's Tire Recyclers Emanuel Tyre Entech Lakin General Liberty Tyre Services
Tire recycling market by type
Crumb Rubber Tire Derived Fuel Rubber Asphalt Mat Sports Material Auto Parts Molded Rubber Products Floor Products
Tire recycling market by application
In addition, the technical nature of the fast-developing recycling technologies and methods aims to introduce cost-effective and large-scale supportive recycling methods that have the lowest environmental impact and reduce recycling emissions, so that the tire recycling market will achieve a sustainable growth model in the next few years.
Increasing efforts to improve affordability are considered to provide a broad space for the growth of the global tire recycling market. In addition, increase government support in the form of establishing high recycling standards, and implement highly stringent regulations based on the waste treatment and recycling of electronics, machinery, and other products used in the automotive industry.
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When governments address concerns about ecological hazards and exponential growth in global warming, driving demand for advanced and efficient recycling plants, the automotive industry is usually the focus. The tire recycling plant disposes of used tires that have been damaged or overused. The economy forces tire recycling as a mandatory part of the large-scale destructive disposal process.
The underdeveloped regions of the world have traditionally adopted unreliable treatment methods, causing irreversible environmental damage, such as the burning of tires that caused a large amount of smoke to enter the atmosphere. However, with the continuous advancement of the global tire recycling market, recycling plants and manufacturers are able to use used tires in a practical and environmentally friendly way, such as using waste tires to produce rubber asphalt, railway tires, playground turf and flooring. Commercial reprocessing plants receive The tires received are chemically treated, during which they are broken down into reusable materials.
The tire recycling market is widely accepted and expanded at a sustainable rate due to its superior ability to deal with the world's waste disposal challenges. With the overfilling of landmines and the saturation of waste disposal methods for industrial and industrial waste, recycling has gained significant traction, thereby promoting the growth of global tire recycling. Tire recycling effectively eliminates the worries that waste disposal agencies deal with non-biodegradable materials and non-perishable industrial waste in the environment, thereby ensuring the popularization of the tire recycling market.
The global tire recycling market is divided into different components according to the types of products provided by the market, end users and regions. The products offered by the tire recycling market include rubber asphalt, crushed rubber, sports materials, flooring products, tire-derived fuels, cushions, auto parts and molded rubber products, each of which is used in a variety of industrial applications. End users who consume recycling services at an exponential rate include the automotive industry, aviation industry, manufacturing, construction, and other industries that drive tire recycling demand. The demand for tires and final products derived from commercial processing continues to increase.
1. Introduction 1.1. Introduction 1.2. Market Definition and Scope 1.3. The unit, currency, conversion and year considered 1.4. Main stakeholders 1.5. Key Questions Answered 2. Research Method 2.1. Introduction 2.2. Data Capture Source 2.3. The market size is estimated at 2.4. Market forecast 2.5. Data triangulation 2.6. Assumptions and limitations 3. Market outlook 3.1. Introduction 3.2. Market dynamics 3.2.1. Drivers 3.2.2. Limits 3.2.3. Opportunities 3.2.4. Challenges 3.3. Porter's five forces analysis 3.4. PEST analysis 4. 2018-2028 global tire recycling market by product (US$ million) 4.1. Discrete 4.2. Crushed rubber 4.3. Tire-derived fuel 4.4. Rubber asphalt 4.5. Mat 4.6. Sports materials 4.7. Auto parts 4.8. Molded rubber products 4.9. Floor products…………Continue
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