An Overview Of The Global Tyre Recycling Market

Each year, there are more than 1.6b tyres that are newly produced and about 1 billion waste tyres are produced as well.

Nonetheless, the recycling industry manages about 100 million tyres each year. The tyre is widely created with many complex means which has made it unyielding and it generates inconveniency in tyre recycling.

Then again, the foremost tyre recycling industry is investing a large amount in equipment and advanced technology which will assists in tyre recycling for different applications and to care for the environment as well.

Also, there are tax differences in the selling price of the new tyre or getting the old ones disposed of which can perform a serious role in the tyre recycling company.

Furthermore, it was recorded that in the U.S., taxes of about 1-2% are put on the selling price of a new tire. And also, the taxes vary from $0.50 to $1.0 for each tyre.

Meanwhile, the tax fees on dumping of old tyres vary from $0.25 to $1.0 for each tyre.

The government is funding the management and recycling of scrap tyres through handling the fees on newly made tyres and disposal of old tyres.

These guidelines are driving the recycling industries to capitalized on equipment,  and also, refining the tyre recycling plant. With such moves, it will drive the recycling market growth of tyres.

Also, the increasing application of scrap rubber produced from scrap tyres is assisting the market growth of recycling tyres.

For instance; in the year 2016, more than 30% of scrap rubbers were emplyed on sports fields, and about 25% of the scrap rubber were used as the surfacing of the playground. This can cause a significant disturbance in the tyre recycling market.

But the use of asphalt that is rubberized for the creation of pavements can also help in making several opportunities for recyclers of tyre, and it is likely to drive the market growth for tyre recycling in the nearby future.

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The global market for tyre recycling is sectioned as follows:

Based on Type of Rubber

· Rubber made of Ethylene-Propylenediene Monomer (EPDM)

· Polychloroprene

· Natural Rubber (NR)

· Styrene-Butadiene Rubber (SBR)

· Others (Silicone, Fluorocarbon Rubber)

Type of Product

· Tyre-derived fuel (TDF)

· Crumb Rubber

· Stall Mats (Equine and Pet)

· Flooring Products

· Rubberized Asphalt

· Automotive parts

· Playground Material

· Molded Products/Bonded Rubber

Based on End-User

· Manufacturing

· Automotive and Aviation Segment

· Construction

· Others (Home Décor, Sports)

Based on Geographical Region

· Latin America (Argentina, Mexico, Brazil, & other parts of Latin America)

· North America (Canada & U.S.)

· Europe (France, the U.K., Italy, Germany, Spain, Sweden Poland, & Rest of Europe

· Middle East & Africa (North Africa, South Africa, GCC, & Rest of MEA)

· Asia-Pacific (India, China, Singapore, New Zealand, Australia, Japan, South Korea, & other parts of Asia)

· Other parts of world

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