Press release
Tire Recycling Downstream Products Market to Surpass the value US$ 7.04 Bn By 2031
The global tire recycling downstream products market was valued at US$ 5.30 Bn in 2021
It is estimated to expand at a CAGR of 2.89% from 2022 to 2031
The global tire recycling downstream products market is expected to reach US$ 7.04 Bn by the end of 2031
๐๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ -https://www.transparencymarketresearch.com/tire-recycling-downstream-products-market.html
๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ซ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐จ๐ฐ๐ง๐ฌ๐ญ๐ซ๐๐๐ฆ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง
Recycling technologies improve the circular economy by maximizing the return of materials produced. Hence, tire recycling downstream has significant impact on the economy. Tire recycling downstream products companies are focusing on the production of innovative tire recycling products to gain potential revenue benefits.
๐๐ง๐๐ซ๐๐๐ฌ๐ ๐ข๐ง ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐๐ข๐ฅ๐๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ฏ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ซ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐จ๐ฐ๐ง๐ฌ๐ญ๐ซ๐๐๐ฆ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ
The global automotive industry has been growing at a rapid pace, particularly in Asia Pacific, due to the exponential rise in population. The number of government, corporate, and personal vehicles has been increasing significantly. Abundant availability of raw materials and low-cost labor are the major factors contributing to the automotive industry market growth in Asia Pacific. Microeconomic development, effective vehicle manufacturing techniques, and rise in number of middle-class customers are driving the sales of vehicles.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72929
๐๐ข๐ฌ๐ ๐ข๐ง ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ข๐ซ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐จ๐ฐ๐ง๐ฌ๐ญ๐ซ๐๐๐ฆ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐ข๐ง ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ
Road durability and quality have become a major concern for the public sector. Rise in demand for high-performance road construction materials to avoid cracks and holes has been increasing consistently. Raw material costs for asphalt and asphalt alteration have increased significantly. The recycled material is blended into asphalt used in road construction to increase the quality of the mixture and extend the service life of roads.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=72929
According to studies, rubber powder used in road surfaces can reduce tire noise up to one to two decibels. In the U.S., asphalt mixture containing rubber has been used in several road projects. The market for rubber-containing road surfaces has been growing in Europe since the last few years. Thus, rise in demand for tire recycling downstream products in the construction sector is likely to drive the tire recycling downstream products market in the near future.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ก๐ซ๐๐๐๐ข๐ง๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐๐ก๐ง๐ข๐ช๐ฎ๐ ๐ญ๐จ ๐๐ซ๐จ๐ฉ๐๐ฅ ๐๐ข๐ซ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐จ๐ฐ๐ง๐ฌ๐ญ๐ซ๐๐๐ฆ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ
In terms of recycling technique, the global tire recycling downstream products market has been bifurcated into pyrolysis and shredding. The shredding recycling technique held major share of 78.35% of the global market in 2021. It is estimated to dominate the market during the forecast period. Whole tires are reduced to two-inch pieces using a series of shredders, screening equipment, and magnetic separation equipment to produce chips. Magnetic separators are essential to remove steel wires from rubber tires. A screen in the discharge of the shredder controls the chip size, where the two-inch sized material falls through the screen openings, while oversized material is recirculated back to the shredder.
๐๐ง๐๐ซ๐๐๐ฌ๐ ๐ข๐ง ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐๐ฎ๐ฌ๐๐๐ฅ๐ ๐๐ง๐ ๐๐๐๐ฒ๐๐ฅ๐๐๐ฅ๐ ๐๐ฎ๐๐๐๐ซ ๐๐จ๐ฐ๐๐๐ซ ๐ข๐ง ๐๐ข๐ซ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐จ๐ฐ๐ง๐ฌ๐ญ๐ซ๐๐๐ฆ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ
Based on product, the global tire recycling downstream products market has been classified into tire-derived fuel, tire-derived aggregate, rubber mulch, steel, rubber powder, and others (crumb rubber, etc.). The rubber powder segment dominated the global tire recycling downstream products market with 42.6% share in 2021. Rubber powder is one of the major byproducts of waste tire recycling. Rubber powder has a large number of uses in different industries. It is reused, reprocessed, or hand-crafted into new products. Hence, there is less waste and environmental degradation. Rubber powder is the final stage in the tire recycling process. Rubber powder is ground into clean powder after steel and fiber have been removed.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=72929
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐จ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ซ๐ ๐๐๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐จ๐ฐ๐ง๐ฌ๐ญ๐ซ๐๐๐ฆ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Asia Pacific accounted for prominent share of 57.32% of the global market in 2021. Rise in industrialization and rapid urbanization in developing economies such as China and India are expected to drive the demand for tire recycling downstream products. Europe is also a major market for tire recycling downstream products. It held 22.78% share of the global market in 2021. ELT tires can replace traditional fossil fuels in some applications. These tires may reduce NOx, SOx, and CO2 emissions. Thus, demand for tire-derived fuel is expected to increase at a rapid pace in Europe during the forecast period. North America and Latin America are relatively minor markets for tire recycling downstream products compared to other regions.
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants.
The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website:https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Tire Recycling Downstream Products Market to Surpass the value US$ 7.04 Bn By 2031 here
News-ID: 2772049 • Views: โฆ
More Releases from Transparency Market Research
Shotcrete/Sprayed Concrete Industry Forecast: USD 16.7 Billion by 2035 Driven by โฆ
The global Shotcrete/Sprayed Concrete Market is projected to reach USD 16.7 billion by 2035, expanding at a CAGR of 5.7% from 2025 to 2035, according to the latest industry analysis by Transparency Market Research. In 2024, the market was valued at USD 8.9 billion, reflecting the steady growth of mechanized construction technologies and the rising demand for durable, cost-effective, and sustainable concrete applications. Shotcrete, also known as sprayed concrete, continuesโฆ
Magnetic Resonance Imaging (MRI) Market Poised to Reach US$ 14.7 Billion by 2035 โฆ
The global magnetic resonance imaging (MRI) market was valued at US$ 7.8 billion in 2024 and is projected to grow steadily at a CAGR of 5.8% from 2025 to 2035, reaching an estimated US$ 14.7 billion by 2035. The market's growth is driven by increasing prevalence of chronic diseases, advancements in imaging technology, growing geriatric population, and the rising demand for early and accurate diagnostic procedures.
MRI technology has become indispensableโฆ
Recycled Plastic and Plastic Waste to Oil Market to Reach USD 127.2 Billion by 2 โฆ
The global Recycled Plastic and Plastic Waste to Oil Market is gaining momentum as industries and governments worldwide focus on reducing plastic pollution and transitioning toward a circular economy. This emerging sector offers a sustainable solution to the global plastic waste crisis by converting non-recyclable plastics into usable fuels such as diesel, kerosene, and gasoline through processes like pyrolysis and catalytic depolymerization. The growing emphasis on waste management, environmental sustainability,โฆ
Diagnostic Imaging Market to Hit US$ 71.2 Billion by 2035 - AI Integration and R โฆ
The global diagnostic imaging market was valued at US$ 42.3 billion in 2024 and is projected to grow at a CAGR of 4.8% from 2025 to 2035, reaching approximately US$ 71.2 billion by the end of 2035. This growth is driven by the increasing prevalence of chronic diseases, an aging global population, and continuous technological advancements that are reshaping medical diagnostics.
Diagnostic imaging plays a crucial role in early disease detection,โฆ
More Releases for Recycling
Wood Recycling Market May See a Big Move | Austin Wood Recycling, Fae Western, R โฆ
Advance Market Analytics published a new research publication on "Wood Recycling Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Wood Recycling market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the report, requestโฆ
PVC Recycling Market Key Players are DS Smith, Adams Plastics, Reclaim Plastics, โฆ
The PVC recycling market is projected to reach USD 4.9 billion by 2028, with a CAGR of 8.0% from USD 3.3 billion in 2023. Asia Pacific is home to several emerging economies with rapidly growing manufacturing sectors, which further drives the demand for PVC recycling. The region has experienced significant growth in the last decade and accounts for over a third of the world's GDP. The high economic growth, coupledโฆ
Electronic Recycling Market Impressive Gains Including Key Players AERC Recyclin โฆ
Electronic Recycling Market report is of huge importance when it is about building business strategy by identifying the high growth and attractive market categories. This report assists to design capital investment strategies based on forecasted high potential segments. With this market report, it becomes simple and easy to develop a competitive strategy based on the competitive landscape. Moreover, potential business partners, acquisition targets, and business buyers can be identified byโฆ
Vehicle Recycling Market Tangential Growth Revenues by 2028| Westside Auto Recyc โฆ
Vehicle Recycling Market is expected to thrive at a CAGR +5% by the life span of 2021-28.
Vehicle recycling is the dismantling of vehicles for spare parts. The vehicles are shredded and the metal content is recovered for recycling, while in many areas, the rest is further sorted by machine for recycling of additional materials such as glass and plastics.
In fact, cars are the most recycled item worldwide, with around 12โฆ
Recycling Services Market Is Huge growth | Eurokey Recycling, Ltd., Northstar Re โฆ
HTF Market Intelligence released a new research report of 104 pages on title 'Global Recycling Services Category - Procurement Market Intelligence Reportโ with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and important players such as Eurokey Recycling, Ltd., Northstar Recycling, Triple M Metal LP,Amdahl Corporation, Interface, Inc., Battery Council International (USA), Epson, Inc.,Collins
Request a sampleโฆ
Global Electronic Recycling Market 2018-AERC Recycling Solutions (U.S.) Attero R โฆ
The detailed research on Global Electronic Recycling Market reports offers a specific market study and outlook prospects of the market. The report helps the user to strengthen decisive power to plan their strategic moves to launch or expand their businesses by offering them a clear picture of this market. Electronic Recycling Industry provides the overview of growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable).โฆ
