Increasing Demand From Construction Industry Will Help Tire Recycling Downstream Products Market to Reach Valuation Worth ~US$6 Bn by 2027, Projects TMR

- An emerging trend in the global tire recycling downstream products market is of adopting crumbed rubber that can be used instead of extracting natural sand

- The global market is expected to provide lucrative growth avenues for the key stakeholders by allowing recycling tires into useful materials such as steel-free crumb powder and rubber powder among others

News provided by

Transparency Market Research

Mar 23, 2020, 05:52 ET

ALBANY, New York, March 23, 2020 /PRNewswire/ -- As per the research report published by Transparency Market Research, the global tire recycling downstream products market stood at a valuation worth around US$4 Bn in 2018. During the given period of forecast ranging from 2019 to 2027, the global market is expected to exhibit a moderate CAGR of ~3%. With this rate of growth, the new valuation of the tire recycling downstream products market will be around US$6 Bn by the fall of 2027.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=72929

Global Tire Recycling Downstream Products Market – Key Takeaways

Based on recycling technique, the segment of shredding accounted for a larger share in the global tire recycling downstream products market in 2018.
In terms of product, the segment of rubber powder accounted for a considerable share in the global market in 2018 and is expected to continue to lead over the forecast period.
Based on end use, the segment of cement manufacturing has been the leading one. Presently, the cement manufacturing companies utilize tire-derived fuel to aid their main fuel for firing up cement kilns.

Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Tire Recycling Downstream Products Market by Recycling Technique: Pyrolysis and Shredding (Mechanical, Cryogenic, and Others); Product: Tire-derived Fuel, Tire-derived Aggregates, Rubber Mulch, Steel, Rubber Powder, and Others; and End Use: Cement Manufacturing, Pulp & Paper Mills, Utility Boilers, Construction & Infrastructure, Sports Complexes & Playgrounds, Tires & Rubber, and Others- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027, at https://www.transparencymarketresearch.com/tire-recycling-downstream-products-market.html

Global Tire Recycling Downstream Products – Key Driving Factors

One key factor for the growth of the global tire recycling downstream products market is the poor quality of roads across several key regions in the world. It is a big concern for the public sector and has led to an increasing demand for high quality materials for road construction.
This has prompted the use of the tire recycling downstream products as they work as highly efficient and cost effective raw materials for such demands.
In addition to this, rubber powder derived from used or end of life tires for maximizing the asphalt quality is a highly preferred alternative. It reliable and highly cost efficient. The product also helps in improving the construction quality and life of the road.
Another important driving factor for the market growth has been the key technological advancements in the field of rubber recycling.
Introduction of novel concepts such as 'Reduce, Reuse, Recover' for scrap tire management is also a key driving factor for the development of the global tire recycling downstream products market.
Increasing demand from cement and construction manufacturing industries is also helping to drive the market growth.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/72929

Global Tire Recycling Downstream Products Market – Geographical Outlook

Asia Pacific is the most dominant regional segment of the global tire recycling downstream products market and will continue to be so in the coming years of the forecast period.
Rapid growth of automobile sector in the region, huge amounts of scrap tire generation each year, and adoption of new technologies for tire disposal are some of the key factors helping to drive the development of the Asia Pacific market.
Europe is next line in terms of revenue generation after Asia Pacific, driven mainly by contribution from countries such as Germany and the UK.

Analyze Tire Recycling Downstream Products Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

Global Tire Recycling Downstream Products Market – Key Players

Some of the prominent brands operating in the global tire recycling downstream products market are Liberty Tire Recycling, Genan Holding A/S, Lakin Tires West Inc, Ragn-Sells Group, L & S Tire Company, Scandinavian Enviro Systems AB, ETR Group, ResourceCo Pty Ltd., Probio Energy International, Renelux Cyprus Ltd, Emanuel Tire LLC, Reliable Tire Disposal, Globarket Tire Recycling LLC among others.

Tire Recycling Downstream Products Market by Recycling Technique

Pyrolysis
Shredding

Mechanical
Cryogenic
Others (including Waterjet Machining Process)

Tire Recycling Downstream Products Market by Product

Tire-derived Fuel
Tire-derived Aggregates
Rubber Mulch
Steel
Rubber Powder
Others (including Crumb Rubber and Fiber)

Tire Recycling Downstream Products Market by End Use

Cement Manufacturing
Pulp & Paper Mills
Utility Boilers
Construction & Infrastructure
Sports Complexes & Playgrounds
Tires & Rubber
Others (including Chemical Industry and Steel Production Plants)

Tire Recycling Downstream Products Market by Region

North America

U.S.
Canada

Europe

Germany
U.K.
France
Spain
Italy
Poland
Rest of Europe

Asia Pacific

China
India
Japan
ASEAN
Rest of Asia Pacific

Latin America

Mexico
Brazil
Rest of Latin America

Middle East & Africa

Morocco
South Africa
Rest of Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the global Energy and Natural Resources Industry,

Plastic Recycling Market - Global plastic recycling market will register a promising 6.8% CAGR over the period between 2019 and 2027, rising from a valuation of US$34 Bn in 2019 to a revenue opportunity of US$60 Bn by 2027.

Recycled Plastic and Plastic Waste to Oil Market - The recycled plastic and plastic waste to oil market is projected to grow at a healthy CAGR of ~10% during the forecast period. Companies are exploring the pyrolysis process to treat high-density polyethylene bags, useful for the production of end-use gasoline and diesel.

Oilfield Chemicals Market - In terms of value, the global oilfield chemicals market is anticipated to expand at a CAGR of more than 7.0% from 2018 to 2026. In terms of revenue, the drilling fluids segment accounted for a significant share of the oilfield chemicals market in 2017 and is likely to continue its dominance during the forecast period.

Needle Coke Market - Global needle coke market will exhibit a steady CAGR of 4% for the given projection period of 2018 to 2026. With this rate of growth, the market is expected reach the mark of US$5.18 bn by the end of 2026.

FPSO Market - Growing demand for alternative sources of oil due to continual depletion of existing oil reserves drives the global FPSO market. The global FPSO market is expected to grow at a robust rate of 11.80% during the forecast period 2016 to 2026.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com