Global Tire Recycling Market Anticipated to Grow at a CAGR of 2.1% during 2016-2024


Posted July 7, 2018 by Steveblade

According to Goldstein Research, global tire recycling market is expected to reach USD 0.95 billion by 2024
 
According to Goldstein Research, global tire recycling market is expected to reach USD 0.95 billion by 2024, growing at a CAGR of 2.1% over the forecast period 2016-2024. The factors such as rising environmental concerns and public health issues due to pollution which is spurring strict regulations and tax fees associated with waste tires and their disposal are creating funding for the recycling of tires and such policies are thus encouraging the growth of tire recycling industry. Global tire recycling market segmentation has been done on the basis of rubber type, product type, end user, and geography. Increasing implementation of crumb rubber generated from scrap tires is supporting the growth of tire recycling market. In 2016, over 30% of crumb rubber was used on sports fields and 25% of crumb rubber was used as playground surfacing.

Global tire recycling market is largely dominated by Europe and followed by North America. Europe tire recycling market was valued at USD 0.33 billion in 2016. Whereas, North America accounted for nearly 31% revenue share of the global tire recycling market.

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

Based on Rubber Type

o Natural Rubber (NR)
o Ethylene-Propylenediene Monomer (EPDM) Rubber
o Styrene-Butadiene Rubber (SBR)
o Polychloroprene
o Others (Fluorocarbon Rubber, Silicone)

Based on Product Type

o Crumb Rubber
o Tire-derived fuel (TDF)
o Rubberized Asphalt
o Stall Mats (Pet and Equine)
o Playground Material
o Automotive parts
o Bonded Rubber/Molded Products
o Flooring Products

Based on End-User

o Automotive & Aviation Sector
o Manufacturing Sector
o Construction
o Others ( Sports, Home Decor)

By Region

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

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“Global Tire Recycling Market Outlook 2024” contains the detailed overview of the global tire recycling market. On the basis of our in-depth analysis, 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 the 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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Categories Automotive
Tags tire recycling market , tire recycling market size , tire recycling market trends
Last Updated July 7, 2018