End-of-Life Tire (ELT) Management Market: Top Treatment Technologies

Page 1

End-of-Life Tire (ELT) Management Market: Top Treatment Technologies A tire reaches the end-of-life stage when it can no longer be utilized on vehicles after being regrooved or re-treaded. All tires, including passenger cars, trucks, airplanes, two-wheel, and offroad tires, eventually become end-of-life tires (ELTs). As per Inkwood Research, the global end-of-life tire (ELT) management market is set to progress with a CAGR of 4.87% between 2023 to 2032. Moreover, the market is expected to capture a revenue share of $14795.57 million by 2032.

Environmental Impact of ELTs – An Alarming Global Concern Despite the recovery rate of scrap tires estimated at 90% in Europe and the United States, nearly 4 billion end-of-life tires (ELTs) are currently in landfills as well as stockpiles globally. Besides, this amount is set to increase up to 5 billion by the year 2030. However, the significant waste flow of end-of-life tires can be detrimental to the environment as well as human health since it leads to severe water, air, and soil pollution problems. Furthermore, as per the National Institutes of Health, this waste flow is non-biodegradable and is categorized under non-hazardous waste. Since tires do not decompose, they release chemicals into the air, ground, and water and subsequently alter the ecosystem. Moreover, when tires pile up in junkyards, methane gas is released into the air, ultimately increasing the carbon footprint and contributing to climate change. Significant research and development initiatives have been undertaken in the field of ELT management by tire companies, ELT management enterprises, scientific laboratories, government regulators, and industrial partners to counter the ecological impact of end-of-life tires. In addition to finding effective and environmentally sound uses for ELTs, they help establish new recovery routes, comply with reporting obligations, and promote the introduction of efficient product standards.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.