Global Tire Recycling Downstream Products Market – An Overview:
As per Transparency Market Research, the Global Tire Recycling Downstream Products Market is expected to grow at a notable pace. The process involves turning waste or discarded end-of-life tires and tubes to usable material, which can be applied in a number of industries. One of the biggest factors leading to growth in the market includes technological advancement and a need to create a sustainable future for the tire industry. Besides, it is worth pointing out here that sustainable alternative to certain raw materials are being looked for in a number of industries.
Some of the significant factors of growth in the market are spelled out below. Additionally, factors that are contributing towards keeping the market buoyant are also delineated. However, it is important to understand here that the Global Tire Recycling Downstream Products Market is rife with developments that are shaping its future.
- In the construction industry, crumbed rubber concrete or what is called CRC is seeing an increase in application for a number of reasons. The foremost among the list items is that it is more sustainable to use than alternatives. It is a known fact that sand extraction is damaging to the environment and since rubber can be shredded into very small particles and brought to the same consistency as that of sand, the demand for latter is set to grow over the forecast period, driving the global tire recycling downstream products market.
- Over the coming few years a value of USD 15.5 trillion will be accrued by the construction market, which is set to see increase of 85% in volumes by 2030. United States, India, and China will account for 57% of this increase by 2030. This paves way for significant growth in the Global Tire Recycling Downstream Products Market over the coming few years.
Recycling Downstream Products Market: Increased Applications in the Construction Industry
Rubber recycling is the technique of transforming end-of-life tires and tubes into products that can be used for various applications. Novel innovations in the tire recycling downstream products market are anticipated to lead to promising results and a sustainable future for the tire industry.
Likewise, crumbed rubber concrete (CRC) is expected to have increased applications in the construction industry. The mixing of crumbed rubber with concrete, instead of sand, serves as an environment-friendly alternative by keeping its material properties intact. As such, engineers are using crumbed rubber concrete to construct residential buildings, roads, and other infrastructural projects.
Since extracting natural sand from the ground creates environmental stress on resources, stakeholders in the tire recycling downstream products market are adopting crumbed rubber that can be shredded into small particles from end-of-life tires, and be formed similar to the consistency of sand. Also, crumbed rubber concrete has high tensile strength as compared to traditional concrete.
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Consumer Goods and Security Products Increase Market Scope for Recycled Tire Rubber
Recycling tires into materials such as rubber powder and steel-free crumb powder can lead market players in the tire recycling downstream products market towards profitable ventures. Market players in developed economies are shifting focus from raw materials to the production of high-priced consumer goods and innovative rubber products.
Manufacturers in the tire recycling downstream products market are producing waste bins that are assembled with recycled rubber wheels and chassis. These sustainable waste bins are being increasingly used in municipal corporations and business organizations in developed countries. Such sustainable innovations are not only helping manufacturers in the tire recycling downstream products market to establish themselves as environmental-friendly organizations, but also helps reduce production costs. Thus, reduction in production cost also helps stakeholders lower the price tag of sustainably produced consumer goods, consecutively initiating faster sales.
Other applications of recycled rubber in the tire recycling downstream products landscape include the production of security products such as hostile vehicle mitigation (HVM) barriers. The production of security products relies on recycled tire rubber that is blended with polyurethane for increasing the strength of HVM barriers used to raise mobile perimeters and security fence systems on roads and in stadiums.
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Technological Innovations Speed-up Pipeline Process of Scrap Tires to Useful Products
Currently, the growing issue of the disposal and accumulation of huge volumes of end-of-life and worn-out tires poses a serious problem. As such, stakeholders in the tire recycling downstream products market are challenged with speeding up the process of recycling scrap tires and preventing scrap tires from ending up in stockpile spaces. Stockpile spaces also pose as a risk for tire fires, as burning tires cannot be easily extinguished and release hazardous toxic substances into the environment.
The tire recycling downstream products market is highly fragmented, with key market players and emerging companies innovating on novel recycled tire products. Stakeholders in the tire recycling downstream products landscape are collaborating with researchers to manufacture high-performance rubberized railway tracks that help minimize the noise caused by trains on railroads and metros. Rubberized railway tracks do not require huge investments for their maintenance, and their molded rubber pads allow easy installation.
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Analysts’ Viewpoint
Analysts of the tire recycling downstream products market showcase a positive outlook for market growth during the forecast period of 2019-2027. However, the tire recycling downstream products market is anticipated to grow at a moderate speed of ~3% in the coming years. The tire recycling downstream products landscape has high growth potential in tire-derived fuel for cement producers, and also pyrolysis oil as a substitute for conventional diesel and maritime fuel. The issue of speeding up the pipeline process of scrap tires into novel products poses a challenge for stakeholders in the tire recycling downstream products landscape. As such, a few large- and medium-sized companies are teaming up with researchers to innovate on fine rubber powder used in thermoplastic elastomers, and broadening their material offerings with recovered carbon blacks.
Tire Recycling Downstream Products: Description
- Tire recycling downstream products include whole tires or tires processed into uniform, flowable pieces that meet end-user specifications. Scrap tires are recycled using techniques such as pyrolysis and shredding. Shredding includes mechanical, cryogenics, and other methods.
- Approximately one billion scrap tires are generated every year, while around four billion are stockpiled across the world.
- More than 50% of total annual scrap tire generation is utilized in the recycling process.
High Demand for Automobiles
- The global automotive industry has been expanding at a rapid space, particularly in Asia Pacific. The number of vehicles for government, corporate, and personal applications has been increasing significantly.
- Microeconomic development, effective and efficient vehicle manufacturing techniques, and rise in the number of middle-class consumers are factors driving vehicle sales. Additionally, increase in the popularity of electric vehicles in North America, Asia Pacific, and Europe to overcome environmental pollution is boosting the demand for newer electric vehicles. This is estimated to augment the presence of scrap tires in the next few years.
- Several governments across the globe are using the concept of ‘Reduce, Reuse, and Recover’ (3R) for scrap tire management. The demand for economical alternatives such as tire-derived fuel is anticipated to rise, owing to the increase in the prices of fossil fuels. This is projected to present growth opportunities to tire-derived fuel products, indirectly boosting the tire recycling downstream products market.
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Lack of Awareness about Tire Recycling Downstream Products in Developing Countries
- More than one billion scrap tires are generated across the globe every year. Tire landfills are undesirable, as they become breeding grounds for mosquitoes and other disease-carrying pests. These landfills can also catch fire and release thick toxic smoke.
- The global tire industry is expected to expand rapidly, with Asia Pacific accounting for ~66% share in terms of demand. The end-of-life recovery rate for tires is high in certain developed economies. However, the end-of-life recovery rate for tires is low in developing countries in Asia, Africa, and the Middle East, due to the lack of awareness and minimal government regulations. More than 50% of tires go to landfills in Saudi Arabia, Russia, Ukraine, and Argentina every year. This is expected to hamper the tire recycling downstream products market.
- In Asia, end-of-life tires are routinely disposed off in landfills or through other methods such as burning, which negatively impact the environment. Thus, low awareness about tire recycling in developing countries is expected to adversely affect the tire recycling downstream products market during the forecast period.
Rise in Demand for Tire Recycling Downstream Products in End-use Industries
- Construction and cement are the major end-use industries of the tire recycling downstream products market.
- Fuel prices are continuously rising. The cement industry depends significantly on coal, coke, and oil to fire kilns. These can consume as much as 300,000 tons of coal per facility per year.
- Currently, cement manufacturing companies use tire-derived fuel (TDF) to supplement their primary fuel for firing cement kilns. The primary aim of using tire fuel is to save upon fuel costs. High temperatures and long fuel residence time in the kiln allow the complete combustion of tires. There is no smoke, odor, or visible emissions from the tires. Thus, demand for TDF is increasing continuously in the cement industry. This positively influences the tire recycling downstream products market.
- Currently, rubber powder derived from scrap tires is a cost-effective substitute for asphalt. The recycled material is blended into asphalt that is used in road construction to improve the quality of the mixture and extend the service life of roads.
- Thus, increase in the demand for tire recycling downstream products in several end-use industries is likely to drive the tire recycling downstream products market in the near future.
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Recent Developments, Expansions, Acquisitions, and New Contracts in Tire Recycling Downstream Products Market
- In July 2018, Lehigh Technologies, a company specializing in the production of micronized rubber powders (MRP) from recycled tires, started manufacturing MRP at its facility located in Murillo el Fruto in the north of Spain.
- In December 2017, China-based tire manufacturer Doublestar announced that it had started the construction of a scrap rubber recycling plant in Zhumadian, China. The entire facility is expected have an annual capacity of 200,000 tons of scrap rubber once it starts operations.
- In March 2017, Enviro Systems Inc., a recycled carbon black company, and Guangzhou Vanlead Group Co. Ltd., Southern China’s largest tire manufacturer, agreed to set up a turnkey recycling plant in Southern China.
- In February 2017, Qatar opened a new tire recycling plant in the Mesaieed Industrial City. The 20,000 square meter plant is expected to process end-of-life tires and other rubber materials into new products. Costing US$ 41 Mn, the facility reflects the Qatar National Vision 2030 of boosting sustainability and supporting green technology.
- In July 2016, Carbones del Cerrejon Ltd., a mining company in Colombia, inaugurated Latin America’s first large tire recycling plant. The plant exports some of its production to Asia and other regional countries. The plant in Albania, a municipality in the northeastern province of La Guajira, has an annual capacity of recycling 2,360 tons of tires.
Asia Pacific to be Highly Lucrative Region for Tire Recycling Downstream Products
- Asia Pacific dominated the global tire recycling downstream products market in 2018. The tire recycling downstream products market in the region is anticipated to expand at a rapid pace during the forecast period, due to the growth of the automotive sector, large amount of scrap tires generated every year, and issues associated with tire disposal.
- Most companies and vendors of tire recycling downstream products are targeting high potential markets such as Japan and China in Asia Pacific.
- Europe is another lucrative region of the global tire recycling downstream products market, due to the presence of organized channels of scrap tire collection and processing. According to the European Tyre and Rubber Manufacturers’ Association (ETRMA), European nations collect and treat 94% of the used tires that they generate.
- According to the ETRMA, European countries are rapidly adopting extended producer responsibility (EPR) programs for tires. As of 2018, 23 European nations had started tire EPR programs, with Slovakia, Ireland, and the Czech Republic the latest to adopt them.
- Germany and the U.K are the major countries for tire recycling downstream products in Europe.
- The market share of Europe is expected to increase in the global tire recycling downstream products market in the next few years, due to the rise in awareness about carbon emissions.
- Middle East & Africa accounted for a negligible share of the global tire recycling downstream products market in 2018. Low recovery rate in several GCC and African counties such as Nigeria, Ghana, Saudi Arabia, and Kenya is hampering the tire recycling downstream products market in the region.
Highly Competitive Tire Recycling Downstream Products Market
- The global tire recycling downstream products market is highly fragmented, with the presence of a large number of local, regional, and global players.
- Key players 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
- Tire Disposal & Recycling, Inc.
- West Coast Rubber Recycling Inc.
- Lehigh Technologies, Inc.
