Global Tire Recycling Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024 by Goldstein research

Global Tire Recycling Market Outlook

Global Tire Recycling Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024

Report Code :HC 1335

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Global Tire Recycling Market Size (USD Million) & Growth Analysis Global Tire Recycling Market Size (USD Million)-2016-2024

Sample Report Sample Report

XX XX

XX 2016e

2017e

Source: Goldstein Research

m a S

2018f

2019f

2020f

e l p

2021f

2022f

2023f

2024f

Tire Recycling Market

is anticipated to expand at a compound annual growth rate of 3.94% during the forecast period i.e. 2016-2024. Moreover, recycling companies were active on many fronts in 2017 as they continued to make major strides forward, just as rubber businesses in other areas advanced their programs in recycling and sustainability. Today, the scrap recycling industry utilizes a wide range of capital equipment including high-tech shredders, shears and balers, as well as the optical scanners, x-rays, and air jets that are used to separate recycled materials. From tires and rubber to electronics, scrap recyclers are investing in new separation technology and equipment to stay ahead of competitors and gain new revenue channels. As scrap recyclers strive to meet rising consumer demands and improve their operational, quality, environmental, health and safety, and management systems, the use of third-party certifications has been on the rise.

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Global Tire Recycling Market Outlook Global Tire Recycling Market Share(%), By Region-2016-2024 Sample Report Sample Report

Global Tire Recycling Market Size USD (Million). 2016-2024 XX XX

XX% CAGR: (2016-2024)

XX XX

7.0022.0 7.00 %%20160% 36.0 28.0 0% 0%

XX XX

Asia Pacific

XX 2016e 2017e 2018f

Source: Goldstein Research

2019f

m a S 2020f

2021f

2022f

2023f

2024f

e l p 2024

34.31 %

North America

Europe

28.43 % Latin America

Middle East and Africa

Source: Goldstein Research

Tire Derived Fuel accounted for the highest market share XX% in global Tire

In 2016,

6.8622.55 7.84 %% %

Recycling market

With

XX% share in 2016, Europe dominated the global Tire Recycling market

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Source: Goldstein Research

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Global Tire Recycling Market Outlook Sample Report ReportXX  Approximately XX percent of scrap tires come from passengerSample cars, while percent come from light and heavy trucks. The remaining XX percent comes from heavy equipment, aircraft, and o-road tires.  Rubberized asphalt on the roadway uses about XX thousand tires per lane mile per one inch of thickness. Rubberized asphalt has been shown to reduce road noise by up to 4 decibels. This can either eliminate or reduce the need for sound barriers.  The future for tire recycling is strong. Applications for scrap tire rubber — such as rubberized asphalt — have become recognized for their preferable properties and is gaining in prominence and widespread use. Many states already use rubberized asphalt when they design, reconstruct, or repair their roadways and it is used for several simple and straightforward reasons: it can cost less, provide safety benefits, and last longer than conventional asphalt.

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• The activities of the scrap recycling industry in the United States generate nearly USD XX Million annually. The U.S. scrap recycling industry accounts for XX percent of the nation’s total economic activity, making it similar in size to the data processing and hosting industry, the dental industry, and the automotive repair industry.

m a S

Global tire recycling market is further bifurcated in various segments with separate market analysis mentioned below:

Growing Passenger Vehicle Sales

Rising Environmental Concerns

Favorable Government Initiatives

Automotive Tubeless Tires Market

Tubeless tires are introduced to overcome the drawbacks of conventional tires. The rim and tire together form an airtight container to seal the air inside. Global automotive tubeless market expected to garner USD 192.8 billion by the end of forecast period i.e. 2024.

OTR (Off-the-Road) Tires Market

OTR tires are largely used in heavy duty vehicles for off-road applications in mining and construction industry. OTR tires market to grow at a CAGR of 4.2% during the period 2016-2024.

Global Tire Recycling Market Size (USD Million) Europe North America

2016

XX Million

2024

XX Million

Bi-Products for Construction Industry

Asia-Pacific XX Million

XX Million

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Growth Drivers Growing Passenger Car Sales and Tire Production 

Sample Report Report It is estimated that every year, a total of 1 billion ELTs are generated. Disposing of these tires in an Sample environmentally sound and productive manner is a high priority goal of the tire business. Across the globe, various regional initiatives have been launched to address this issue supported by government authorities, individual tire manufacturers, and the broader tire industry.



These initiatives recognize that neither the impact nor the value of a tire ends when it can no longer be used on a vehicle. Even at this stage, it still has value as an energy source or as a secondary raw material. ELT recovery provides cost-effective and environmentally sound energy for several industries and can be used as innovative secondary raw materials for the production of new products. However, whilst recovery rates are currently as high as 96% in some regions, effective management is not commonplace across the globe and ELTs continue to be sent to landfill and stockpiles.



There is also growth in processing of the non-traditional tires, the large OTRs (over the roads). To meet this demand in mining regions of the world, larger more powerful shredders are being produced. Internationally there is significant new growth in regions with little established tire recycling process capacity. These regions are seeking smaller capacity systems while still producing fine powders.

U.S. Scrap Tire Disposition- 2016

XX%

Ground Rubber

m a S Land Disposed

Civil Engineering

XX%

Misc. uses

Tire-Derived Fuel

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In the corporate realm, German firm Pyrolyx A.G. and Seattle-based Reklaim Inc. announced a joint venture in January to make recovered carbon black from scrap tires in North America.

Ontario-based scrap tire devulcanization company Tyromer Inc. received a USD 3.4 million grant from Canada's Automotive Supplier Innovation Program to equip a new production plant in Oldcastle, Ontario.

XX%

Source: Goldstein Research

Impact Analysis:-

 Tires offer recycling potentials because they have a better heating value than biomass or coal, and they contain a high content of volatile gasses. They can therefore be an interesting source of synthetic fuels, also called synfuels.  Tire recycling is a strong industry with incredible room for growth. As such, some processors are seeking higher capacity while reducing their operating cost per ton. While they face increased product demand there is also product price pressure. Copyright

Swedish recovered carbon black manufacturer Enviro Systems Inc. signed a memorandum of understanding in March with state-owned Chinese firm Vanlead Group to build a recycling plant in southern China.

High

Medium

Impact on Global Tire Recycling Market

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Low

Global Tire Recycling Market Outlook : 20162024 Sample Report Sample Report

Global Tire Recycling Market Share (%), By Product Type, 2016-2024

ď&#x201A;§The automotive industry uses a significant amount of rubber and is in a unique position to incorporate recycled tire materials into a range of vehicle parts, that would divert Crumb Rubber 20.10% 22.50% large amounts of rubber material Tire-Derived from landfills. Commercial success XX% Fuel (TDF) using sustainable materials in 8.40% automotive applications has Automotive XX% 2024 parts 2016 spanned from the use of renewable 2.70% XX% feed stocks to recycled components. Bonded/Molde d Rubber However, the use of ground rubber Products XX% in the automotive industry is 46.30% relatively small compared to other Flooring/Grou nd Rubber industries. A number of new Products automotive rubber components are now on the market that contain a Source: Goldstein Research Global Tire Recycling Market Y-O-Y Growth, By Crumb Rubber, 2016- portion of recycled rubber. These include tires, where around XX% 2024 can be found in the tread compound, and products in static applications that are used to XX% XX% XX% XX% insulate and seal. XX% XX% XX%

XX%

2016e

XX%

2017e

2018f

m a S 2019f

2020f

2021f

2022f

2023f

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ď&#x201A;§With respect to the amounts of waste that are generated by end-of life tyres, it has been estimated that in the USA around XX million tonnes of tire waste are generated per year, whereas the figure in the European Union (EU) economic area is XX million tonnes, and in the UK alone it is around 0.5 million tonnes

2024f

Source: Goldstein Research

Global Tire Recycling Market Size (USD Million), By Product Type-2016-2024 XX XX

XX XX

2016 Tire-Derived Fuel (TDF)

XX 2024

Crumb Rubber

Flooring/Ground Rubber Products

Bonded/Molded Rubber Products

Automotive parts

Source: Goldstein Research

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Global Tire Recycling Market Outlook By Crumb Rubber: 2016-2024 Global Tire Recycling Market Size (USD Million), By Crumb Rubber, 2016-2024 XX XX XX XX XX

XX XX

Sample Report Sample Report Approximately 1/3 of tire-derived fuel (TDF) is used to fuel utility boilers. Another third goes to pulp mills and paper mills. The rest and the bulk serve as a fuel for cement kilns. Using recycled rubber as TDF in many factories in Europe and U.S. proved to be more efficient and environment-friendly than traditional fossil fuels.

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All over the US and Europe, crumb rubber is used in civil engineering. XX One of the most common 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f applications is rubberized asphalt Source: Goldstein Research used to create quieter roads, better Global Tire Recycling Market Y-O-Y Growth, By Crumb Rubber, 2016- drainage off the side of roads. Also, recycled tire rubber is used for 2024 dampening rail vibration, and in barriers for slide repairs. 19.40%

20.15%

20.48%

2016e

2017e

2018f

m a S 20.80%

2019f

21.85%

22.50%

23.00%

23.50%

2020f

2021f

2022f

2023f

25.00%

2024f

Crumb rubber used in asphalt allows cars to have better traction on the road and prevents highways from cracks and dips. Yet another reason to use crumb rubber in asphalt is that it significantly reduces noise.

Source: Goldstein Research

ELTs (End of Life Tire) Recovery Rate, 2012-2016 XX% XX%

Europe

XX%

Japan

XX% Korea XX% USA

XX% XX% 2012

2013

2014

2015

2016

Source: Goldstein Research

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North America Tire Recycling Market Size (USD Million) & Y-O-Y growth (%), By Region- 2016-2024 Sample Report Sample Report

North America Tire Recycling Market Size (USD Million)-2016-2024

XX% XX

XX%

XX XX

CAGR: (2016-2024)

XX XX

XX%

XX XX

e l p XX% XX%

XX%

XX XX

XX%

XX XX XX 2016e

2017e

Source: Goldstein Research

XX%

m a S 2018f

2019f

North America North America Tire Recycling Market Size (USD Millions), By Country-2016-2024

2020f

XX%

2021f

XX% XX% XX%

2022f

2023f

North America North America Tire Recycling Market Size (USD Million), By End Users Mode2016-2024

XX%

XX% XX%

XX% XX

XX% XX%

XX XX

XX% 2016

2024

Canada

Source: Goldstein Research

2024 Crumb Rubber Tire-Derived Fuel (TDF) Automotive parts Bonded/Molded Rubber Products Flooring/Ground Rubber Products

Source: Goldstein Research

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United States Tire Recycling Market Size (USD Million) & Y-O-Y growth (%), 2016-2024 United States Tire Recycling Market Size (USD Million), Compound Annual Growth Rate (%), Y-O-Y Growth Rate (%), 2016-2024 Sample Report Sample Report XX

XX XX

XX XX XX

XX%

XX XX XX 2016e

XX%

m a S XX%

2017e

XX%

CAGR: (2016-2024)

XX XX

XX%

2018f

2019f

Source: Goldstein Research

Key Insights

In 2016, XX million tires were processed by the U.S. recycling industry. In the past, scrap tires — generated when an old, worn tire is replaced with a new tire — were often dumped illegally in lakes, abandoned lots, along the side of the road and in sensitive habitats. Today, scrap tires are playing a much different role as an important part of the manufacturing process. The tire recycling industry supports more than 8,500 jobs. The future for tire recycling is strong. Applications for scrap tire rubber — such as rubberized asphalt — have become recognized for their preferable properties and is gaining in prominence and widespread use.

2020f

e l p XX%

2021f

XX%

2022f

XX%

XX% XX% XX% XX% XX% XX% XX% XX% XX%

2023f

Volume of Scrap Material Processed Annually in the United States (metric tons)- 2016 Material

Volume

Iron and Steel

65,000,000

Paper

52,196,000

Aluminium

4,930,000

Copper

1,750,000

Lead

1,115,000

Tires (# of Tires)

136,000,000

Plastics (Bottles)

623,000

Electronics

5,000,000

Source: Goldstein Research

Scrap tire rubber is used in the manufacture of new tires, playground surfaces, equestrian mats, and rubberized asphalt among other products. Other cutting-edge manufacturers are combining scrap tires with materials such as scrap plastic to produce flower pots, roofing tiles, and auto parts. According to the U.S. Environmental Protection Agency (EPA), 48 states currently have laws or regulations which specifically deal with scrap tires. Which is going to be the major factor for the continuous growth of the tire recycling industry Copyright

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Global Tire Recycling Market Outlook Pyrolyx AG (Company Overview & Business Strategy)

Founded 2009

Employees 50-100

Sample Report Sample Report

Company Structure

Company Overview 



Website www.pyrolyx.com

Headquarters Germany

Pyrolyx AG businesses in the extraction of carbon black (rCB) from scrap tires. The company is engaged in developing and operating the processes to raw materials from waste tires, which produces products such as rCB, pyrolysis oil, steel, and gas. The produced rCB is used to manufacture mechanical rubber products, tires, masterbatch & plastics and pigments. Pyrolyx AG has grown to become a global market leader in the recovered carbon black technology (rCB).

e l p m a S 100%

Pyrolyx Invert GmbH

Pyrolyx AG 100%

Pyrolyx Internationa 60% l GmbH

20%

cct Stegelitz GmbH

94%

The core products of Pyrolyx in the tire, plastics and engineering rubber industries are recovered carbon black (rCB), steel, gas and pyrolysis oil.

Pyrolyx USA



In March 2015, the company acquired Carbon-Clean Tech Stegelitz GmbH, another leading rCB company in Germany.

Pyrolyx USA Indiana, LLC



In December 2016, Pyrolyx entered into a joint venture with ReKlaim, Inc. based in USA.

100%