Global Waste Tyre Recycling Market, By Type (Automobile Tyre Rubber Products, Others), By Application (Cement Manufacturing, Construction, Tyre Pyrolysis, Others), By region (North America, Latin America, Europe, Asia Pacific, America, East and Africa) - Industry Trends and Forecast to 2030.
Global Waste Tyre Recycling Market
Global Waste Tyre Recycling Market was valued at USD 5.9 billion in 2022 and is expected to reach USD 7.5 billion by 2030, with a CAGR of 4.08% during the forecast period 2023-2030.
Tire recycling is shredding of old tires only to use in industrial materials. Pyrolysis, cryogenic recycling, and recycling into new products. This process is a step towards sustainable industry and it also lessens the carbon footprint. The competitive companies are always on the run to sustain the competition. New innovative technology can convert old waste into new materials. This recycling will help in maintaining the environmental pollution.
Market Drivers
Production and manufacturing of vehicles leads to more usage of tires which become scrap Tyres and that leads to recycling and growing the market sector. Tyres being non-biodegradable therefore the tyres are being recycled.
Impact of COVID-19
The Covid-19 pandemic had halted the tyre business of many firms, which resulted in reduced demand for recycled tyres. There was reduced demand and supply for automobiles sectors.
Market Segmentation
Global Waste Tyre Recycling Market is segmented on the basis of By Type, By Application.
Based on the By Type market is segmented into Automobile Tyre Rubber Products, Others. Further market is segmented into By Application market is segmented into Cement Manufacturing, Construction, Tyre Pyrolysis, Others.
Regional Analysis
Global Waste Tyre Recycling Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America Asia-Pacific is generating more than half of the global tire recycling market. The large automotive and construction industries add to the market growth. LAMEA, simultaneously, would garner the fastest CAGR of 4.4% by 2031. This is attributed to increased construction activities across the province. The other regions assessed through the report include North America and Europe.
Key Players
Miami Tire Recycling Company, reRubber, L&S Tire, Tire Disposal & Recycling, Rethink Tires, Champlin Tire Recycling, Lakin Tire, New River Tire Recycling.
Market Taxonomy
By Type
• Automobile Tyre
• Rubber Products
• Others
By Application
• Cement Manufacturing
• Construction
• Tyre Pyrolysis
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Waste Tyre Recycling Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Waste Tyre Recycling Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Waste Tyre Recycling Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Waste Tyre Recycling Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Waste Tyre Recycling Market Share Analysis, By Type
5.3 Global Waste Tyre Recycling Market Size and Forecast, By Type
5.3.1 Automobile Tyre
5.3.2 Rubber Products
5.3.3 Others
6 Global Waste Tyre Recycling Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Waste Tyre Recycling Market Share Analysis, By Application
6.3 Global Waste Tyre Recycling Market Size and Forecast, By Application
6.3.1 Cement Manufacturing
6.3.2 Construction
6.3.3 Tyre Pyrolysis
7 Global Waste Tyre Recycling Market, By Region
7.1 Global Waste Tyre Recycling Market Share Analysis, By Region
7.2 Global Waste Tyre Recycling Market Size and Forecast, By Region
7.3 Global Waste Tyre Recycling Market Trends and Forecast, By Region
8 North America Waste Tyre Recycling Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Waste Tyre Recycling Market Share Analysis, By Type
8.3 North America Waste Tyre Recycling Market Size and Forecast, By Application
8.4 North America Waste Tyre Recycling Market Size and Forecast, By Country
8.4.1 U.S.
8.4.1.1. Market Size and Forecast, By Type
8.4.1.2 Market Size and Forecast, By Application
8.4.2 Canada
8.4.2.1. Market Size and Forecast, By Type
8.4.2.2 Market Size and Forecast, By Application
8.4.3 Mexico
8.4.3.1. Market Size and Forecast, By Type
8.4.3.2 Market Size and Forecast, By Application
9 Europe Waste Tyre Recycling Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Waste Tyre Recycling Market Share Analysis, By Type
9.3 Europe Waste Tyre Recycling Market Size and Forecast, By Application
9.4 Europe Waste Tyre Recycling Market Size and Forecast, By Country
9.4.1 Germany
9.4.1.1. Market Size and Forecast, By Type
9.4.1.2 Market Size and Forecast, By Application
9.4.2 France
9.4.2.1. Market Size and Forecast, By Type
9.4.2.2 Market Size and Forecast, By Application
9.4.3 UK
9.4.3.1. Market Size and Forecast, By Type
9.4.3.2 Market Size and Forecast, By Application
9.4.4. Russia
9.4.4.1. Market Size and Forecast, By Type
9.4.4.2 Market Size and Forecast, By Application
9.4.5. Italy
9.4.5.1. Market Size and Forecast, By Type
9.4.5.2 Market Size and Forecast, By Application
9.4.6. Spain
9.4.6.1. Market Size and Forecast, By Type
9.4.6.2 Market Size and Forecast, By Application
9.4.7. Rest of Europe
9.4.7.1. Market Size and Forecast, By Type
9.4.7.2 Market Size and Forecast, By Application
10 Asia Pacific Waste Tyre Recycling Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Waste Tyre Recycling Market Share Analysis, By Type
10.3 Asia Pacific Waste Tyre Recycling Market Size and Forecast, By Application
10.4 Asia Pacific Waste Tyre Recycling Market Size and Forecast, By Country
10.4.1 China
10.4.1.1. Market Size and Forecast, By Type
10.4.1.2 Market Size and Forecast, By Application
10.4.2 Japan
10.4.2.1. Market Size and Forecast, By Type
10.4.2.2 Market Size and Forecast, By Application
10.4.3 India
10.4.3.1. Market Size and Forecast, By Type
10.4.3.2 Market Size and Forecast, By Application
10.4.4. South Korea
10.4.4.1. Market Size and Forecast, By Type
10.4.4.2 Market Size and Forecast, By Application
10.4.5. Australia
10.4.5.1. Market Size and Forecast, By Type
10.4.5.2 Market Size and Forecast, By Application
10.4.6. New Zealand
10.4.6.1. Market Size and Forecast, By Type
10.4.6.2 Market Size and Forecast, By Application
10.4.7. Singapore
10.4.7.1. Market Size and Forecast, By Type
10.4.7.2 Market Size and Forecast, By Application
10.4.8. Malaysia
10.4.8.1. Market Size and Forecast, By Type
10.4.8.2 Market Size and Forecast, By Application
10.4.9. Rest of Asia
10.4.9.1. Market Size and Forecast, By Type
10.4.9.2 Market Size and Forecast, By Application
11 Latin America Waste Tyre Recycling Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Waste Tyre Recycling Market Share Analysis, By Type
11.3 Latin America Waste Tyre Recycling Market Size and Forecast, By Application
11.4 Latin America Waste Tyre Recycling Market Size and Forecast, By Country
11.4.1 Brazil
11.4.1.1. Market Size and Forecast, By Type
11.4.1.2 Market Size and Forecast, By Application
11.4.2 Argentina
11.4.2.1. Market Size and Forecast, By Type
11.4.2.2 Market Size and Forecast, By Application
11.4.3. Colombia
11.4.3.1. Market Size and Forecast, By Type
11.4.3.2 Market Size and Forecast, By Application
11.4.4. Peru
11.4.4.1. Market Size and Forecast, By Type
11.4.4.2 Market Size and Forecast, By Application
11.4.5. Chile
11.4.5.1. Market Size and Forecast, By Type
11.4.5.2 Market Size and Forecast, By Application
11.4.6. Venezuela
11.4.6.1. Market Size and Forecast, By Type
11.4.6.2 Market Size and Forecast, By Application
11.4.7. rest of Latin America
11.4.7.1. Market Size and Forecast, By Type
11.4.7.2 Market Size and Forecast, By Application
12 Middle East Waste Tyre Recycling Market Analysis and Forecast (2023-2030)
12.1 Introduction
