The Tire Recycling Downstream Products Market is estimated to be USD 4,468.1 million in 2024. Furthermore, the market is expected to grow to USD 5,805.0 million by 2031, with a Compound Annual Growth Rate (CAGR) of 3.81%.
Tire Recycling Downstream Products Market Overview
Tire recycling recycles used or discarded vehicle tires into usable materials, which can apply in several industries. Tire recycling downstream products include whole tires or tires processed into uniform, flowable pieces that meet end-user specifications. Recycling tires into materials such as rubber powder and steel-free crumb powder can lead market players towards profitable ventures in the market. The key players in developed economies are shifting from raw materials to producing high-priced consumer goods and innovative rubber products. Municipal corporations and business organizations increasingly use these sustainable waste bins in developed countries. Such sustainable innovations are not only helping manufacturers in the tire recycling downstream products market establish themselves as environmental-friendly organizations and help reduce production costs. The global tire recycling downstream products market is mainly attributed to the factors such as high demand for automobiles, increasing demand for high-performance road construction materials and increasing demand for tire recycling downstream products in end-user industries. In addition, increased applications in the construction industry and technological advancements to create a sustainable future for the tire industry are also driving the market growth during the forecast period. Despite these drivers, major restraints hampering the market growth include a lack of awareness about tire recycling downstream products in developing countries, increasing disposal issues, and huge volumes of worn-out ties. Moreover, innovations in tire recycling downstream products, the high potential market in the Asia Pacific, and the rise in reducing, reusing, and recovering scrap tire management offer profitable opportunities for market growth.
Latest Trends in Tire Recycling Downstream Products Market
Technological Advancements/Innovations:
The increasing issue of disposal and accumulation of huge volumes of end-of-life and worn-out tires poses a serious problem. Several key players in the market are challenged with speeding up the process of recycling scrap tires and preventing scrap tires from stockpile spaces. The tire recycling key players are manufacturing high-performance rubberized railway tracks that help reduce the noise caused by trains on railroads and metros. Rubberized railway tracks do not require large investments for maintenance, and their molded rubber pads allow easy installation. The tire recycling downstream products market is estimated to grow moderately in the coming years. The tire recycling downstream products market landscape has high growth potential in tire-derived fuel for cement producers and pyrolysis oil as an alternative for conventional diesel and maritime fuel. A few large- and medium-sized companies collaborate with researchers to innovate on fine rubber powder used in thermoplastic elastomers and broaden their material offerings with recovered carbon blacks.
Driving Factors
Demand for High-Performance Road Construction Materials:
One key factor for the growth of the global tire recycling downstream products market is the poor quality of roads across several key regions globally. It is a big concern for the public sector and has led to increasing demand for high-quality materials for road construction. This has prompted the use of tire recycling downstream products as they work as highly efficient and cost-effective raw materials for such demands. Also, rubber powder derived from used or end-of-life tires for maximizing the asphalt quality is a highly preferred alternative. It is reliable and highly cost-efficient. The product also helps improve the construction quality and life of the road. Another important driving factor for the market growth has been the key technological advancements in rubber recycling. The rise in the construction industry, where crumb rubber is used as a crucial component of concrete structures, fuels the expansion of the global tire recycling downstream products market. Mixing crumbed rubber with concrete instead of sand is an environment-friendly alternative by keeping its material properties intact. Engineers use crumbed rubber concrete to construct residential buildings, roads, and other infrastructural projects
Market Challenges
Lack of Awareness About Tire Recycling Downstream Products in Developing Countries:
The global tire industry is estimated to expand rapidly, with the Asia Pacific accounting for a significant share in terms of demand. The end-of-life tires recovery rate is low in developing countries in Asia, Africa, and the Middle East, due to the scarcity of awareness and minimal government regulations. This is estimated to hamper the tire recycling downstream products market. Due to their heavy metal and other pollutants, tires risk leaching toxins into the groundwater when placed in wet soils. Research has shown that very little leaching occurs when shredded tires are used as light fill material; however, limitations have been put on using this material; each site should be individually assessed to determine if this product is appropriate for given conditions.
Companies Mentioned
- LEHIGH TECHNOLOGIES
- LIBERTY TIRE RECYCLING, INC.
- GENAN HOLDING A/S
- RAGN-SELLS GROUP
- SCANDINAVIAN ENVIRO SYSTEMS AB.
| Report Scope | Details |
| Market Value- $ Million,2024 | 4,468 |
| Market Growth (Value), (2024-2031)- % | 3.8 |
| Leading Region | Xx |
| Base Year | 2023 |
| Forecast Period | 2024 to 2031 |
| Segments Covered | By Recycling Technique, By Product, By End Use |
| Geography Covered | North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa |
Market Segmentation
Tire Recycling Downstream Products Market, By Recycling Technique
- Pyrolysis
- Shredding
Tire Recycling Downstream Products Market, By Product
- Crumb Rubber & Fiber
- Rubber Mulch
- Tire-derived Fuel
- Tire-derived Aggregates
- Steel
- Others
Tire Recycling Downstream Products Market, By End Use
- Cement Manufacturing
- Construction & Infrastructure
- Sports Surfaces and Playgrounds
- Tires & Rubber
- Pulp & Paper Mills
- Utility Boilers
- Others
TABLE OF CONTENTS
1. TABLE OF CONTENTS
1.1. LIST OF TABLES
1.2. LIST OF FIGURES
2. GLOBAL TIRE RECYCLING DOWNSTREAM PRODUCTS MARKET INTRODUCTION, 2023
2.1. Tire Recycling Downstream Products Industry Overview
2.2. Market Scope and Definition
2.3. Research Methodology
3. TIRE RECYCLING DOWNSTREAM PRODUCTS MARKET ANALYSIS
3.1. Tire Recycling Downstream Products Market Trends to 2031
3.1.1. Technological Advancements/Innovations
3.1.2. Adoption of Crumbed Rubber
3.1.3. Rise in Usage of The Concept of Reduce, Reuse, And Recover for Scrap Tire Management
3.1.4. Recycled Tire Rubber Increases Profitability Through Novel Rubber Products
3.1.5. Recent Developments in Tire Recycling Downstream Products Market
3.2. Future Opportunities in Tire Recycling Downstream Products Market
3.2.1. Leading Distribution Channel in Tire Recycling Downstream Products Market to 2031
3.2.2. Dominant Product of Tire Recycling Downstream Products to 2031
3.2.3. Key Material of Tire Recycling Downstream Products to 2031
3.2.4. High Prospect Countries for Tire Recycling Downstream Products Market to 2031
4. TIRE RECYCLING DOWNSTREAM PRODUCTS MARKET DRIVERS AND CHALLENGES
4.1. Key Drivers Fueling the Tire Recycling Downstream Products Market Growth to 2031
4.1.1. Demand for High-Performance Road Construction Materials
4.1.2. High Demand for Automobiles
4.1.3. Increasing Scope of Tire Recycling in Different End-User Industries Due to Its Advantages
4.1.4. Growing Need for Continued Investment in End-Use Recycled Rubber Markets
4.2. Major Challenges in the Tire Recycling Downstream Products industry
4.2.1. Lack of Awareness About Tire Recycling Downstream Products in Developing Countries
4.2.2. Increasing Issue of The Disposal and Huge Volumes of Worn-Out Tires
5. FIVE FORCES ANALYSIS FOR GLOBAL TIRE RECYCLING DOWNSTREAM PRODUCTS MARKET
6. GLOBAL TIRE RECYCLING DOWNSTREAM PRODUCTS MARKET SHARE, STRUCTURE, AND OUTLOOK
6.1. Tire Recycling Downstream Products Market Sales Outlook, 2024 - 2031 ($ Million)
6.2. Global Tire Recycling Downstream Products Market Sales Outlook by Recycling Technique, 2024 - 2031 ($ Million)
6.2.1. Pyrolysis
6.2.2. Shredding
6.3. Global Tire Recycling Downstream Products Market Sales Outlook by Product, 2024 - 2031 ($ Million)
6.3.1. Crumb Rubber & Fiber
6.3.2. Rubber Mulch
6.3.3. Tire-derived Fuel
6.3.4. Tire-derived Aggregates
6.3.5. Steel
6.3.6. Others
6.4. Global Tire Recycling Downstream Products Market Sales Outlook by End Use, 2024 - 2031 ($ Million)
6.4.1. Cement Manufacturing
6.4.2. Construction & Infrastructure
6.4.3. Sports Surfaces and Playgrounds
6.4.4. Tires & Rubber
6.4.5. Pulp & Paper Mills
6.4.6. Utility Boilers
6.4.7. Others
6.5. Global Tire Recycling Downstream Products Market Revenue Outlook by Region, 2024 - 2031 ($ Million)
7. ASIA PACIFIC TIRE RECYCLING DOWNSTREAM PRODUCTS MARKET SIZE, SHARE, COMPETITION AND OUTLOOK
7.1. Asia Pacific Tire Recycling Downstream Products Market Overview, 2024
7.2. Asia Pacific Tire Recycling Downstream Products Market Forecast by Recycling Technique, 2024 – 2031
7.3. Asia Pacific Tire Recycling Downstream Products Market Forecast by Product, 2024 – 2031
7.4. Asia Pacific Tire Recycling Downstream Products Market Forecast by End Use, 2024 – 2031
7.5. Asia Pacific Tire Recycling Downstream Products Revenue Forecast by Country, 2024 - 2031
7.5.1. China
7.5.2. Japan
7.5.3. India
7.5.4. South Korea
7.5.5. Rest of Asia Pacific
8. EUROPE TIRE RECYCLING DOWNSTREAM PRODUCTS MARKET TRENDS, OUTLOOK, AND GROWTH PROSPECTS
8.1. Europe Tire Recycling Downstream Products Market Overview, 2024
8.2. Europe Tire Recycling Downstream Products Market Size and Share by Recycling Technique, 2024 – 2031
8.3. Europe Tire Recycling Downstream Products Market Size and Share by Product, 2024 - 2031
8.4. Europe Tire Recycling Downstream Products Market Size and Share by End Use, 2024 - 2031
8.5. Europe Tire Recycling Downstream Products Market Size and Share by Country, 2024 - 2031
8.5.1. Germany
8.5.2. United Kingdom
8.5.3. France
8.5.4. Italy
8.5.5. Spain
8.5.6. Rest of Europe
9. NORTH AMERICA TIRE RECYCLING DOWNSTREAM PRODUCTS MARKET TRENDS, OUTLOOK, AND GROWTH PROSPECTS
9.1. North America Tire Recycling Downstream Products Market Overview, 2024
9.2. North America Tire Recycling Downstream Products Market Outlook By Recycling Technique, 2024 - 2031
9.3. North America Tire Recycling Downstream Products Market Outlook by Product, 2024 - 2031
9.4. North America Tire Recycling Downstream Products Market Outlook by End Use, 2024 - 2031
9.5. North America Tire Recycling Downstream Products Market Outlook by Country, 2024 - 2031
9.5.1. United States
9.5.2. Canada
9.5.3. Mexico
10. SOUTH AND CENTRAL AMERICA TIRE RECYCLING DOWNSTREAM PRODUCTS MARKET DRIVERS, CHALLENGES, AND GROWTH PROSPECTS
10.1. South and Central America Tire Recycling Downstream Products Market Overview, 2024
10.2. South and Central America Tire Recycling Downstream Products Market Future by Recycling Technique, 2024 - 2031
10.3. South and Central America Tire Recycling Downstream Products Market Future by Product, 2024 - 2031
10.4. South and Central America Tire Recycling Downstream Products Market Future by End Use, 2024 - 2031
10.5. South and Central America Tire Recycling Downstream Products Market Analysis by Country, 2024 - 2031
10.5.1. Brazil
10.5.2. Argentina
10.5.3. Rest of South and Central America
11. MIDDLE EAST AFRICA TIRE RECYCLING DOWNSTREAM PRODUCTS MARKET OUTLOOK AND GROWTH PROSPECTS
11.1. Middle East Africa Tire Recycling Downstream Products Market Overview, 2024
11.2. Middle East Africa Tire Recycling Downstream Products Market Share by Recycling Technique, 2024 - 2031
11.3. Middle East Africa Tire Recycling Downstream Products Market Share by Product, 2024 - 2031
11.4. Middle East Africa Tire Recycling Downstream Products Market Share by End Use, 2024 - 2031
11.5. Middle East Africa Tire Recycling Downstream Products Market Forecast by Country, 2024 - 2031
11.5.1. Middle East
11.5.2. Africa
12. TIRE RECYCLING DOWNSTREAM PRODUCTS MARKET STRUCTURE AND COMPETITIVE LANDSCAPE
12.1. LEHIGH TECHNOLOGIES
12.2. LIBERTY TIRE RECYCLING, INC.
12.3. GENAN HOLDING A/S
12.4. RAGN-SELLS GROUP
12.5. SCANDINAVIAN ENVIRO SYSTEMS AB.
13. APPENDIX
13.1. About Us
13.2. Sources
13.3. Research Methodology
13.4. Contact Information
.
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FAQ's
The Global Tire Recycling Downstream Products Market is estimated to generate USD 4,468.1 million in revenue in 2024
The Global Tire Recycling Downstream Products Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 3.81% during the forecast period from 2024 to 2031.
By 2031, the Tire Recycling Downstream Products Market is estimated to reach USD 5,805.0 million
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