Tire Recycling Market Size, Trends and Insights By Process (Pyrolysis, Shredding), By Product (Crumbed Rubber, Tire Derived Fuel, Others), By Application (Manufacturing, Construction, Rubber Products, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI24320

Published Date: June 2023

Pages: 220+

Category: Automotive

Report Snapshot

CAGR: 3.7%
6.22B
2022
6.43B
2023
8.32B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Liberty Tire Recycling LLC
  • Genan Holding A/S
  • Scandinavian Enviro Systems AB
  • ECO Green Equipment
  • Lakin Tire West Inc.
  • Others

Exclusive, in-depth market intelligence can help you increase your Revenue.

Download Sample Pdf

Reports Description

As per the current market research conducted by CMI Team, the global Tire Recycling Market is expected to record a CAGR of 3.7% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 6.22 billion. By 2032, the valuation is anticipated to reach USD 8.32 billion.

Top 10 Tire Manufacturing Countries In 2021, (Including Import and Export)

Tire Recycling Market  According to CMI Market Research Analysis (Approx)

The tire recycling market refers to the industry involved in the collection, processing, and reuse of used tires, diverting them from landfills and promoting sustainability. It encompasses various activities such as tire collection, shredding, granulation, and the manufacturing of recycled tire products.

The nature of the market is driven by environmental concerns, government regulations, and the demand for recycled tire materials in industries like construction and manufacturing. Current trends in the market include technological advancements in recycling processes, the adoption of circular economy principles, increasing consumer awareness of sustainability, and the development of innovative applications for recycled tire materials.

Tire Recycling Market – Significant Growth Factors

The Tire Recycling Market presents significant growth opportunities due to several factors:

  • Environmental Concerns: Growing awareness about the environmental impact of tire waste and the need for sustainable waste management practices drive the demand for tire recycling. Environmental regulations and initiatives encourage the proper disposal and recycling of tires to reduce pollution and conserve resources.
  • Government Regulations: Governments worldwide implement strict regulations to promote tire recycling and reduce tire waste in landfills. Compliance with these regulations becomes a driving force for tire manufacturers, retailers, and consumers, fostering the growth of the tire recycling market.
  • Circular Economy Principles: The adoption of circular economy principles in various industries, including tire recycling, drives the market growth. The focus on resource efficiency, waste reduction, and recycling promotes the development of innovative recycling technologies and the utilization of recycled tire materials in various applications.
  • Increasing Demand for Recycled Tire Products: The market offers opportunities for the development and expansion of recycled tire product applications, such as rubberized asphalt, playground surfaces, and sports fields. The demand for sustainable and cost-effective alternatives to conventional materials drives the growth of these applications.
  • Growing Demand for Sustainable Construction: The construction industry is increasingly focusing on sustainable practices and materials. Recycled tire products, such as rubberized asphalt, can be used in road construction, reducing the consumption of virgin materials and offering improved durability and performance. This presents an opportunity for tire recycling companies to cater to the construction sector’s sustainability needs.
  • Emerging Markets and Developing Countries: As developing countries experience economic growth and urbanization, the demand for tires and subsequent tire waste increases. This creates opportunities for tire recycling companies to enter these markets and establish recycling facilities to meet the rising demand for sustainable waste management solutions. Expanding operations into emerging markets can drive market growth and contribute to global tire waste reduction efforts.

Tire Recycling Market – Mergers and Acquisitions

The Tire Recycling Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Tire Recycling Market include:

  • Michelin and Enviro: In 2020, Michelin, a tire manufacturer, joined forces with Enviro, a Swedish tire recycling company, to form a partnership aimed at developing an innovative tire recycling technology called “pyrolysis.” Their goal was to increase the recycling of used tires and promote a circular economy for tire materials.
  • Liberty Tire Recycling and Bridgestone Americas: In 2018, Liberty Tire Recycling, a prominent tire recycling company, partnered with Bridgestone Americas, a major tire manufacturer. Together, they focused on advancing the sustainable use of tire-derived materials in various applications, including sports surfaces, playgrounds, and landscaping projects. The collaboration aimed to maximize the value of recycled tires and contribute to environmental sustainability.
  • Pyrolyx and Continental Carbon Company: Pyrolyx, a German tire recycling company, entered a strategic partnership with Continental Carbon Company, a global carbon black producer, in 2019. The partnership aimed to enhance the supply of recovered carbon black, a valuable material derived from recycled tires, to meet the increasing demand in the rubber and plastics industries.
  • Scandinavian Enviro Systems acquiring Treadcraft Limited: In 2020, Scandinavian Enviro Systems completed the acquisition of Treadcraft Limited, a tire recycler based in Canada. The acquisition aimed to strengthen Enviro’s presence in North America and expand its capacity for recycling end-of-life tires through innovative pyrolysis technology.
  • Liberty Tire Recycling acquired Lakin Tire: In 2020, Liberty Tire Recycling acquired Lakin Tire, one of the largest tire recycling companies in the United States. The acquisition expanded Liberty Tire Recycling’s footprint and capabilities, enabling the company to enhance its tire collection, recycling, and processing operations.
  • Michelin acquiring Lehigh Technologies: In 2017, Michelin acquired Lehigh Technologies, a leading manufacturer of micronized rubber powders derived from recycled tires. This acquisition allowed Michelin to enhance its expertise in sustainable tire manufacturing and improve the efficiency of its tire recycling operations.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Tire Recycling Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Tire Recycling Market Tyre Bead Wire Market Vehicle Roadside Assistance Market
CAGR 3.7% (Approx) CAGR 8.53%

(Approx)

CAGR 4.1%

(Approx)

USD 8.32 Billion by 2032 USD 1398.17 Million by 2030 USD 34.8 Billion by 2030

Tire Recycling Market – Significant Threats

The Tire Recycling Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Illegal Dumping: One of the significant threats to the tire recycling market is the illegal dumping of tires. Improper disposal of tires in landfills or unauthorized areas can lead to environmental pollution, fire hazards, and health risks. It undermines the efforts of legitimate tire recyclers and hampers the growth of the industry.
  • Lack of Infrastructure: Insufficient infrastructure for tire collection and recycling poses a threat to the market. In some regions, the lack of adequate collection systems and recycling facilities limits the effective management of used tires. This hinders the recycling process and prevents the industry from reaching its full potential.
  • Market Volatility: Fluctuations in raw material prices, such as rubber and steel, can impact the profitability of tire recycling companies. These price fluctuations, influenced by global market dynamics and supply-demand imbalances, can pose financial challenges, and affect the economic viability of tire recycling operations.
  • Technological Challenges: Tire recycling involves complex processes, including shredding, grinding, and separating various components. Technological challenges, such as the difficulty in efficiently separating rubber from steel or textile reinforcements, can impact the quality and marketability of recycled tire products. Overcoming these technological hurdles is crucial to ensure the commercial viability and competitiveness of the tire recycling market.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 6.43 Billion
Projected Market Size in 2032 USD 8.32 Billion
Market Size in 2022 USD 6.22 Billion
CAGR Growth Rate 3.7% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Process, Product, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Process:

  • Pyrolysis: Pyrolysis is a process in the tire recycling market that involves heating used tires in the absence of oxygen to break them down into valuable byproducts, such as carbon black, oil, and gas. The trend in pyrolysis technology is focused on improving efficiency, enhancing product quality, and developing sustainable methods to extract maximum value from discarded tires.
  • Shredding: Shredding in the tire recycling market refers to the process of mechanically breaking down used tires into smaller pieces or shreds. This facilitates further processing and enables the extraction of valuable materials. Current trends in shredding technology include the development of high-capacity shredders, improved efficiency, and the integration of advanced sorting and separation systems for enhanced recycling outcomes.

By Product:

  • Crumbed Rubber: Crumbed rubber refers to the process of grinding down used tires into small granules, which can be further used in various applications such as sports surfaces, playgrounds, and asphalt paving. The market trend for crumbed rubber is driven by the increasing demand for sustainable and durable alternatives to conventional materials.
  • Tire Derived Fuel (TDF): Tire Derived Fuel involves using shredded or chipped tires as a substitute for traditional fossil fuels in industrial processes like cement kilns or power plants. The market trend for TDF is influenced by the focus on reducing greenhouse gas emissions and promoting energy efficiency through the utilization of tire waste.
  • Others: The “Others” category in the tire recycling market encompasses various innovative and emerging applications of recycled tire materials. This includes uses in civil engineering projects, rubberized asphalt, construction materials, and even creative products like art installations. The trend for “Others” is driven by continuous research and development efforts to explore new possibilities and expand the market for recycled tire materials.

Global Tire Recycling Market 2023–2032 (By Billion)

www.custommarketinsight.com

By Application:

  • Manufacturing: In the tire recycling market, the manufacturing sector refers to the utilization of recycled tire materials in the production of new tires or rubber-based products. The trend in this application segment includes the increasing adoption of tire-derived materials by tire manufacturers to enhance sustainability and reduce reliance on virgin resources.
  • Construction: In the construction sector, tire recycling involves the use of recycled tire materials in various construction applications, such as road pavement, civil engineering projects, and building materials. The trend in this segment involves the growing demand for sustainable and durable construction materials derived from recycled tires, promoting circular economy principles.
  • Rubber Products: The rubber products application segment focuses on utilizing recycled tire materials in the manufacturing of rubber-based products like mats, flooring, athletic surfaces, and automotive components. The trend in this segment includes the development of advanced processing techniques to produce high-quality recycled rubber products with improved performance and environmental attributes.
  • Others: The “Others” application category encompasses diverse sectors utilizing tire-derived materials, such as energy generation, agriculture, landscaping, and arts and crafts. The trend in this segment involves the exploration of innovative and niche applications for recycled tire materials, expanding the market beyond traditional sectors and creating new opportunities for tire recycling companies.

Global Tire Recycling Market 2023–2032 (By Product)

www.custommarketinsight.com

Tire Recycling Market – Regional Analysis

The Tire Recycling Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, a significant trend in the tire recycling market is the increasing emphasis on sustainability and environmental responsibility. The region is witnessing a growing demand for recycled tire products, driven by initiatives promoting circular economy practices and the use of eco-friendly materials. Additionally, there is a rising focus on advanced recycling technologies to improve efficiency and maximize resource recovery. Liberty Tire Recycling is a dominant player in North America, offering comprehensive tire recycling solutions and leading the market with its extensive network of collection and processing facilities.
  • Europe: Europe is experiencing a trend towards a circular economy and resource efficiency, which is driving the tire recycling market. The region has established stringent regulations and targets for tire recycling and waste management, leading to a high rate of tire recovery and recycling. The demand for high-quality recycled tire materials for various applications, including construction, sports surfaces, and automotive components, is on the rise. Leading manufacturers in Europe include ETRMA (European Tyre and Rubber Manufacturers’ Association) members, who actively promote sustainable tire recycling practices and compliance with regulatory requirements.
  • Asia-Pacific: In the Asia-Pacific region, a significant trend in the tire recycling market is the increasing adoption of tire-derived fuel (TDF) as an alternative fuel source in industries such as cement manufacturing and energy generation. The region is witnessing rapid industrialization and urbanization, leading to a higher generation of waste tires. The focus is on finding sustainable and cost-effective solutions for tire disposal, leading to the growth of TDF utilization. The dominating manufacturers in this region vary across countries, with companies like Shanghai Genan and Tianjin Huashi Rubber making significant contributions to the tire recycling market in China.
  • LAMEA: The LAMEA (Latin America, Middle East, and Africa) region is witnessing a growing trend in tire retreading as a sustainable solution. Retreading involves refurbishing worn-out tires with new treads, extending their lifespan and reducing the demand for new tires. This trend is driven by the region’s economic considerations, as retreaded tires offer cost savings while promoting resource conservation. The dominating manufacturers in this region include companies like Vipal Rubber and Remold Tire, which specialize in tire retreading technologies and cater to the local market demand.

Global Tire Recycling Market 2023–2032 (By Process)

www.custommarketinsight.com

Competitive Landscape – Tire Recycling Market

The Tire Recycling Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Liberty Tire Recycling LLC
  • Genan Holding A/S
  • Scandinavian Enviro Systems AB
  • ECO Green Equipment
  • Lakin Tire West Inc.
  • Pyrolyx AG
  • CRM (Cachan Recycling Method)
  • Tyre Recycling Solutions SA
  • Western Tire Recyclers
  • Reliable Tire Recycling Inc.
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. For example, the collaboration between Michelin and Pyrowave in 2021. This partnership aims to develop innovative technology for recycling end-of-life tires using microwave technology. The goal is to enhance the efficiency and sustainability of tire recycling processes.

Several new players have entered the Tire Recycling Market, leveraging innovation and development to make their mark in the industry. These emerging players focus on advanced recycling technologies, such as pyrolysis and devulcanization, to extract valuable materials from used tires efficiently.

They also emphasize the development of sustainable and high-value tire-derived products to meet market demands. Key players dominating the market include Liberty Tire Recycling, Lakin Tire, and Genan. These established companies have extensive recycling infrastructure, strong industry partnerships, and a wide range of recycled tire products, allowing them to maintain a significant market share and influence industry trends.

The Tire Recycling Market is segmented as follows:

By Process

  • Pyrolysis
  • Shredding

By Product

  • Crumbed Rubber
  • Tire Derived Fuel
  • Others

By Application

  • Manufacturing
  • Construction
  • Rubber Products
  • Others

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Tire Recycling Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Tire Recycling Market : snapshot
  • Chapter 3. Global Tire Recycling Market – Industry Analysis
    • 3.1 Tire Recycling Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Environmental Concerns
      • 3.2.2 Government Regulations
      • 3.2.3 Circular Economy Principles
      • 3.2.4 Increasing Demand for Recycled Tire Products
      • 3.2.5 Growing Demand for Sustainable Construction
      • 3.2.6 Emerging Markets and Developing Countries.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Process
      • 3.7.2 Market attractiveness analysis By Product
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. Global Tire Recycling Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Tire Recycling Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Tire Recycling Market – Process Analysis
    • 5.1 Global Tire Recycling Market overview: By Process
      • 5.1.1 Global Tire Recycling Market share, By Process, 2022 and 2032
    • 5.2 Pyrolysis
      • 5.2.1 Global Tire Recycling Market by Pyrolysis, 2023 – 2032 (USD Billion)
    • 5.3 Shredding
      • 5.3.1 Global Tire Recycling Market by Shredding , 2023 – 2032 (USD Billion)
  • Chapter 6. Global Tire Recycling Market – Product Analysis
    • 6.1 Global Tire Recycling Market overview: By Product
      • 6.1.1 Global Tire Recycling Market share, By Product, 2022 and 2032
    • 6.2 Crumbed Rubber
      • 6.2.1 Global Tire Recycling Market by Crumbed Rubber, 2023 – 2032 (USD Billion)
    • 6.3 Tire Derived Fuel
      • 6.3.1 Global Tire Recycling Market by Tire Derived Fuel , 2023 – 2032 (USD Billion)
    • 6.4 Others
      • 6.4.1 Global Tire Recycling Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Tire Recycling Market – Application Analysis
    • 7.1 Global Tire Recycling Market overview: By Application
      • 7.1.1 Global Tire Recycling Market share, By Application, 2022 and 2032
    • 7.2 Manufacturing
      • 7.2.1 Global Tire Recycling Market by Manufacturing, 2023 – 2032 (USD Billion)
    • 7.3 Construction
      • 7.3.1 Global Tire Recycling Market by Construction, 2023 – 2032 (USD Billion)
    • 7.4 Rubber Products
      • 7.4.1 Global Tire Recycling Market by Rubber Products, 2023 – 2032 (USD Billion)
    • 7.5 Others
      • 7.5.1 Global Tire Recycling Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 8. Tire Recycling Market – Regional Analysis
    • 8.1 Global Tire Recycling Market Regional Overview
    • 8.2 Global Tire Recycling Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Tire Recycling Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Tire Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Tire Recycling Market, by Process, 2023 – 2032
      • 8.4.1 North America Tire Recycling Market, by Process, 2023 – 2032 (USD Billion)
    • 8.5 North America Tire Recycling Market, by Product, 2023 – 2032
      • 8.5.1 North America Tire Recycling Market, by Product, 2023 – 2032 (USD Billion)
    • 8.6 North America Tire Recycling Market, by Application, 2023 – 2032
      • 8.6.1 North America Tire Recycling Market, by Application, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Tire Recycling Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Tire Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Tire Recycling Market, by Process, 2023 – 2032
      • 8.8.1 Europe Tire Recycling Market, by Process, 2023 – 2032 (USD Billion)
    • 8.9 Europe Tire Recycling Market, by Product, 2023 – 2032
      • 8.9.1 Europe Tire Recycling Market, by Product, 2023 – 2032 (USD Billion)
    • 8.10 Europe Tire Recycling Market, by Application, 2023 – 2032
      • 8.10.1 Europe Tire Recycling Market, by Application, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Tire Recycling Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Tire Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Tire Recycling Market, by Process, 2023 – 2032
      • 8.12.1 Asia Pacific Tire Recycling Market, by Process, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Tire Recycling Market, by Product, 2023 – 2032
      • 8.13.1 Asia Pacific Tire Recycling Market, by Product, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Tire Recycling Market, by Application, 2023 – 2032
      • 8.14.1 Asia Pacific Tire Recycling Market, by Application, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Tire Recycling Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Tire Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Tire Recycling Market, by Process, 2023 – 2032
      • 8.16.1 Latin America Tire Recycling Market, by Process, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Tire Recycling Market, by Product, 2023 – 2032
      • 8.17.1 Latin America Tire Recycling Market, by Product, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Tire Recycling Market, by Application, 2023 – 2032
      • 8.18.1 Latin America Tire Recycling Market, by Application, 2023 – 2032 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Tire Recycling Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Tire Recycling Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Tire Recycling Market, by Process, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Tire Recycling Market, by Process, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Tire Recycling Market, by Product, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Tire Recycling Market, by Product, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Tire Recycling Market, by Application, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Tire Recycling Market, by Application, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Liberty Tire Recycling LLC
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Genan Holding A/S
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Scandinavian Enviro Systems AB
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 ECO Green Equipment
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Lakin Tire West Inc.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Pyrolyx AG
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 CRM (Cachan Recycling Method)
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Tyre Recycling Solutions SA
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Western Tire Recyclers
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Reliable Tire Recycling Inc.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 25

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Liberty Tire Recycling LLC
  • Genan Holding A/S
  • Scandinavian Enviro Systems AB
  • ECO Green Equipment
  • Lakin Tire West Inc.
  • Pyrolyx AG
  • CRM (Cachan Recycling Method)
  • Tyre Recycling Solutions SA
  • Western Tire Recyclers
  • Reliable Tire Recycling Inc.
  • Others

FAQs

“North America” region will lead the Global Tire Recycling Market during the forecast period 2023 to 2032.

The key factors driving the Market are Environmental Concerns, Government Regulations, Circular Economy Principles, Increasing Demand for Recycled Tire Products, Growing Demand for Sustainable Construction And Emerging Markets and Developing Countries.

The key players operating in the Tire Recycling Market are Liberty Tire Recycling LLC, Genan Holding A/S, Scandinavian Enviro Systems AB, ECO Green Equipment, Lakin Tire West Inc., Pyrolyx AG, CRM (Cachan Recycling Method), Tyre Recycling Solutions SA, Western Tire Recyclers, Reliable Tire Recycling Inc., Others.

The Global Tire Recycling Market is expanding growth with a CAGR of approximately 3.7% during the forecast period (2023 to 2032).

The Global Tire Recycling Market size was valued at USD 6.22 Billion in 2022 and it is projected to reach around USD 8.32 Billion by 2032.

PURCHASE OPTIONS

$

3490


$

4490


$

5490


$

1950


powerbi pdf
$

6200

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • Free 25% or 40 hours of customisation.
  • Free post-sale service assistance.
  • 15% discount on your next purchase.
  • Dedicated account Associate .
  • Permission to print the report.
  • Service guarantee available.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • Free 35% or 60 hours of customisation.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantee available.
  • Personalised market brief by author.
  • Permission to print the report.
  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
  • PDF, Excel, Power Point and Power BI.
  • Every Year Free Update ( Apr – Apr)
  • Personalized market brief by author
  • Can be accessible by unlimited users.
  • Free 50% or 90 hours of customization.
  • Up to 50 Company Profiles
  • Free post-sale service assistance with guarantee
  • 40% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account team.
  • Service guarantee available.

Want to customize this report?
100% FREE CUSTOMIZATION!