Market Overview:

Tire Recycling Downstream Products Market Was Valued At USD 4717.6 Million In 2021 And Is Expected To Reach USD 6014.3 Million By The Year 2028, At A CAGR Of 3.53%.

Since over 110 million tires are thrown out annually, there is now a sizable stockpile of rubber that may be recycled and used in a variety of applications, leading to a significant increase in the tire recycling sector during the past two decades. Reusing rubber tires is a significant technique to cut down on discarded tires and is good for the environment. Rubber tires make up the majority of recycled rubber. The recycling of tires begins with the removal of the fibers and metal wires—typically hard steel—that give the tire its firmness.

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Players Covered in Tire Recycling Downstream Products market are :

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 other major players.

Market Dynamics:

Driver:

Rubber-based raw materials are now often used in the infrastructure and construction industries to create buildings. Recently, the construction sector chose crumb rubber concrete, which is in high demand on the international market. This crumb rubber is used as an excellent substitute for naturally harvested sand, which has several negative environmental implications and is ground to the consistency of sand before being used in either raw concrete or concrete blocks. The market for tire recycling downstream products has grown as a result of the expanding trend of sustainable product integration into large-scale manufacturing companies.

Opportunities:

Tire recycling materials have attractive potential in the automobile industry. The world's automotive sector has grown quickly, particularly in the Asia-Pacific area. Vehicles for use in the public, private, and business sectors have multiplied dramatically. In addition, the demand for newer electric vehicles is being driven by the rising popularity of electric vehicles in North America, Asia Pacific, and Europe to combat pollution, which is predicted to increase the use of waste tires in the ensuing years.

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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.

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.

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.

By Product

·         Tire Derived Fuel

·         Tire Derived Aggregates

·         RubberMulch

·         Steel

·         Rubber Powder

·         Other

By Recycling Method

·         Pyrolysis

·         Shredding

By End-Use

·         Cement Manufacturing

·         Pulp and Paper

·         Utility Boilers

·         Construction and Infrastructure

·         Playground and Sports Complexes

·         Tire and Rubber

·         Others

Regional Analysis of Tire Recycling Downstream Products Market

·         North America (U.S., Canada, Mexico)

·         Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

·         Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

·         Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

·         Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

·         South America (Brazil, Argentina, Rest of SA)

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