Global Tire and Rubber Remediation and Recycling Market: Overview
Tire recycling or rubber recycling denotes process of recycling used tires of vehicle. These tires are no longer in use on the vehicles owing to irreparable damage and wear and tear. Used tires are among the most challenging and problematic sources of solid waste. This is because of their resilience, large volume, and due to components that pose a threat to the people and environment. Mosquitoes and rodents make these tire and rubber as their home ground, and they are accountable for carrying various harmful diseases.
By getting involved in tire recycling process dumping tires in landfills will be reduced. One of the prime concerns is the durability of rubbers, as they are difficult to break down in the recycling process of tires. Thus, are seen lying open in large heaps at landfills.
The research report by Transparency Market Research (TMR) aims to educate on the rapid projections and growth of the global tire and rubber remediation and recycling market in detail. The research report also focusses on competitive landscape of the market by factoring in weaknesses and strong point of leading entrants.
Global Tire and Rubber Remediation and Recycling Market: Drivers & Restraints
Scrap tire and rubber remediation market has been formed in the past few years, owing to two main drivers. The first one is environmental protection regulations. The scrap tire market was formed virtually, owing to government regulations to address the environmental concerns about illegally stockpiled or dumped tires. This technique is a common tire disposal method in many developing and developed regions. The second prime driver is from the firms that are trying to enhance the possibility of the market by giving incentives to end-markets to utilize scrap tire-based items. Scrap tire and rubber remediation market has witnessed significant progress in many regions in the past few years.
Professionals and individuals who have invested in tire or rubber recycling market collect tires or rubbers. People are given money for collecting and sending tires to the collection points. Once the rubber or tire reach the needed amount, they are further packed in huge trucks and then sent to the processing plants for recycling. Even though it is measured a profitable investment, there are a few people who are interested in reusing used tires for various purposes at home.
However, sometimes eco-toxicity might pose as a bigger challenge than first thought. The tire and rubber products are immensely durable which slowdowns the product recycling process and increase in product cost. Nevertheless, rise in inclination of consumers towards pollution free environment is driving the global tire and rubber remediation and recycling market.
Global Tire and Rubber Remediation and Recycling Market: Geographical Outlook
Substantial growth for global tire and rubber remediation and recycling market is led by North America. Rapid industrialization, urbanization, and increasing health concern are expected to boosts the market and grow substantially. This region is projected to register the highest CAGR during the coming years due to the presence of large number of vehicles. Also, Europe is expected to account for the largest share of the market. Account of the competitive dynamics of the global tire and rubber remediation and recycling market is also included in the report.
Global Tire and Rubber Remediation and Recycling Market: Competitive Landscape
The global tire and rubber remediation and recycling market is highly competitive and fragmented, and the leading market players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some of the prominent companies in the global tire and rubber remediation and recycling market include Crumb Rubber U.K. Ltd., Klean Industries Inc, Pheonix Industries Llc, Ruixin Environmental Specialty Equipment Manufacturing Co. Ltd. and Western Rubber Products.
This report gives access to decisive data, such as:
Market growth drivers
Factors limiting market growth
Current market trends
Market projections for the coming years
Key highlights of this report include:
Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.