Tire Recycling Market Current Industry Figures with Forecasts Growth 2031 | An Ultimate Guide by AMR

The tire recycling market is mainly driven by rise in demand for automobiles by commercial and non-commercial users.

PORTLAND, OR, UNITED STATES, May 3, 2023 /EINPresswire.com/ — Tire recycling is the process of converting old, used, or discarded tires into useful products, such as rubberized asphalt, fuel, or other rubber-based materials. Recycling tires helps to reduce waste in landfills, conserve natural resources, and minimize the environmental impact of tire disposal. The tire recycling market size was valued at $5.12 billion in 2021, and is estimated to reach $7.32 billion by 2031, growing at a CAGR of 3.5% from 2022 to 2031.

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The pyrolysis technology has significantly increased the energy yield from the tire recycling process. Moreover, manufacturers are employing new rubber manufacturing and processing technology to strengthen the rubber, to make it usable in high impact objects such as railway ties, vehicle impact barriers, vehicle bumpers and others.

Furthermore, market is analyzed with respect to different applications in industrial verticals such as manufacturing, construction, rubber products and others. Among these, rubber products segment is anticipated to register high CAGR during the forecast period. This is owing to high demand for rubber products.

Top Players:
pChemi, Big Atom Limited, Bridgestone Corporation, Champlin Tire Recycling, Continental AG, Emanuel Tire Co., Entech Inc., Genan Holding A/S, Green buddies, Green Distillation Technologies Corporation LTD, L&S Tire Co., Liberty Tire Services LLC, Pyrum Innovations AG, Recycled Rubber Products LLC, Tire Disposal & Recycling Inc., Tire Recycling Solutions AS and Wastefront.

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There are several methods of tire recycling, including:

Mechanical shredding: This involves cutting the tires into small pieces using shredders or granulators. The resulting rubber pieces can be used in various applications, such as playground surfaces, athletic tracks, and rubberized asphalt.

Pyrolysis: This involves heating the tires in the absence of oxygen, which breaks down the rubber into smaller molecules. The resulting oil, gas, and carbon black can be used as fuel or raw materials in various industries.

Devulcanization: This involves breaking down the sulfur bonds in the rubber, which allows it to be reused in the production of new rubber products.
Crumb rubber: This involves grinding the tires into small pieces and then processing them into rubberized asphalt, molded products, or other applications.

Tire recycling is an important environmental and economic activity, as it helps to reduce waste and create new products from old materials. Many countries have regulations in place that require tire manufacturers and importers to take responsibility for the end-of-life management of their products, which includes tire recycling.

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