Global Tire Recycling Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024

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Global Tire Recycling Market Outlook
Global Tire Recycling Market Outlook 2024
Opportunity Growth Analysis, 2016-2024
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Global Tire Recycling Market Size (USD
Million)-2016-2024
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• Tire Recycling Market is anticipated to expand at
  a compound annual growth rate of 3.94 during the
  forecast period i.e. 2016-2024. Moreover,
  recycling companies were active on many fronts in
  2017 as they continued to make major strides
  forward, just as rubber businesses in other areas
  advanced their programs in recycling and
  sustainability.
• Today, the scrap recycling industry utilizes a
  wide range of capital equipment including
  high-tech shredders, shears and balers, as well
  as the optical scanners, x-rays, and air jets
  that are used to separate recycled materials.
  From tires and rubber to electronics, scrap
  recyclers are investing in new separation
  technology and equipment to stay ahead of
  competitors and gain new revenue channels.
• As scrap recyclers strive to meet rising consumer
  demands and improve their operational, quality,
  environmental, health and safety, and management
  systems, the use of third-party certifications
  has been on the rise.

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Global Tire Recycling Market Outlook
Global Tire Recycling Market Share(), By
Region-2016-2024
Global Tire Recycling Market Size USD (Million).
2016-2024
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Sample
Source Goldstein Research
Source Goldstein Research
In 2016, Tire Derived Fuel accounted for the
highest market share XX in global Tire
Recycling market
With XX share in 2016, Europe dominated the
global Tire Recycling market
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Global Tire Recycling Market Outlook

• Approximately XX percent of scrap tires come from
  passenger cars, while XX percent come from light
  and heavy trucks. The remaining XX percent comes
  from heavy equipment, aircraft, and o-road tires.
• Rubberized asphalt on the roadway uses about XX
  thousand tires per lane mile per one inch of
  thickness. Rubberized asphalt has been shown to
  reduce road noise by up to 4 decibels. This can
  either eliminate or reduce the need for sound
  barriers.
• The future for tire recycling is strong.
  Applications for scrap tire rubber such as
  rubberized asphalt have become recognized for
  their preferable properties and is gaining in
  prominence and widespread use. Many states
  already use rubberized asphalt when they design,
  reconstruct, or repair their roadways and it is
  used for several simple and straightforward
  reasons it can cost less, provide safety
  benefits, and last longer than conventional
  asphalt.
• The activities of the scrap recycling industry in
  the United States generate nearly USD XX Million
  annually. The U.S. scrap recycling industry
  accounts for XX percent of the nations total
  economic activity, making it similar in size to
  the data processing and hosting industry, the
  dental industry, and the automotive repair
  industry.
• Global tire recycling market is further
  bifurcated in various segments with separate
  market analysis mentioned below
• Automotive Tubeless Tires Market
• Tubeless tires are introduced to overcome the
  drawbacks of conventional tires. The rim and tire
  together form an airtight container to seal the
  air inside. Global automotive tubeless market
  expected to garner USD 192.8 billion by the end
  of forecast period i.e. 2024.
• OTR (Off-the-Road) Tires Market
• OTR tires are largely used in heavy duty vehicles
  for off-road applications in mining and
  construction industry. OTR tires market to grow
  at a CAGR of 4.2 during the period 2016-2024.

Sample Report
Growing Passenger Vehicle Sales
Rising Environmental Concerns
Sample
Favorable Government Initiatives
Bi-Products for Construction Industry
Global Tire Recycling Market Size (USD Million)
North America
Europe
Asia-Pacific
XX Million
2016
XX Million
XX Million
2024
XX Million
XX Million
XX Million
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• Growing Passenger Car Sales and Tire Production
• It is estimated that every year, a total of 1
  billion ELTs are generated. Disposing of these
  tires in an environmentally sound and productive
  manner is a high priority goal of the tire
  business. Across the globe, various regional
  initiatives have been launched to address this
  issue supported by government authorities,
  individual tire manufacturers, and the broader
  tire industry.
• These initiatives recognize that neither the
  impact nor the value of a tire ends when it can
  no longer be used on a vehicle. Even at this
  stage, it still has value as an energy source or
  as a secondary raw material. ELT recovery
  provides cost-effective and environmentally sound
  energy for several industries and can be used as
  innovative secondary raw materials for the
  production of new products. However, whilst
  recovery rates are currently as high as 96 in
  some regions, effective management is not
  commonplace across the globe and ELTs continue to
  be sent to landfill and stockpiles.
• There is also growth in processing of the
  non-traditional tires, the large OTRs (over the
  roads). To meet this demand in mining regions of
  the world, larger more powerful shredders are
  being produced. Internationally there is
  significant new growth in regions with little
  established tire recycling process capacity.
  These regions are seeking smaller capacity
  systems while still producing fine powders.

Sample Report
U.S. Scrap Tire Disposition- 2016
Sample
In the corporate realm, German firm Pyrolyx A.G.
and Seattle-based Reklaim Inc. announced a joint
venture in January to make recovered carbon black
from scrap tires in North America.
Ontario-based scrap tire devulcanization company
Tyromer Inc. received a USD 3.4 million grant
from Canada's Automotive Supplier Innovation
Program to equip a new production plant in
Oldcastle, Ontario.
Swedish recovered carbon black manufacturer
Enviro Systems Inc. signed a memorandum of
understanding in March with state-owned Chinese
firm Vanlead Group to build a recycling plant in
southern China.
Source Goldstein Research

• Impact Analysis-
• Tires offer recycling potentials because they
  have a better heating value than biomass or coal,
  and they contain a high content of volatile
  gasses. They can therefore be an interesting
  source of synthetic fuels, also called synfuels.
• Tire recycling is a strong industry with
  incredible room for growth. As such, some
  processors are seeking higher capacity while
  reducing their operating cost per ton. While they
  face increased product demand there is also
  product price pressure.

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Sample Report
Global Tire Recycling Market Share (), By
Product Type, 2016-2024

• The automotive industry uses a significant amount
  of rubber and is in a unique position to
  incorporate recycled tire materials into a range
  of vehicle parts, that would divert large amounts
  of rubber material from landfills. Commercial
  success using sustainable materials in automotive
  applications has spanned from the use of
  renewable feed stocks to recycled components.
  However, the use of ground rubber in the
  automotive industry is relatively small compared
  to other industries. A number of new automotive
  rubber components are now on the market that
  contain a portion of recycled rubber. These
  include tires, where around XX can be found in
  the tread compound, and products in static
  applications that are used to insulate and seal.
• With respect to the amounts of waste that are
  generated by end-of life tyres, it has been
  estimated that in the USA around XX million
  tonnes of tire waste are generated per year,
  whereas the figure in the European Union (EU)
  economic area is XX million tonnes, and in the UK
  alone it is around 0.5 million tonnes

Sample
Source Goldstein Research
Global Tire Recycling Market Y-O-Y Growth, By
Crumb Rubber, 2016-2024
Source Goldstein Research
Global Tire Recycling Market Size (USD Million),
By Product Type-2016-2024
Source Goldstein Research
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Sample Report
Global Tire Recycling Market Size (USD Million),
By Crumb Rubber, 2016-2024

• Approximately 1/3 of tire-derived fuel (TDF) is
  used to fuel utility boilers. Another third goes
  to pulp mills and paper mills. The rest and the
  bulk serve as a fuel for cement kilns. Using
  recycled rubber as TDF in many factories in
  Europe and U.S. proved to be more efficient and
  environment-friendly than traditional fossil
  fuels.
• All over the US and Europe, crumb rubber is used
  in civil engineering. One of the most common
  applications is rubberized asphalt used to create
  quieter roads, better drainage off the side of
  roads. Also, recycled tire rubber is used for
  dampening rail vibration, and in barriers for
  slide repairs.
• Crumb rubber used in asphalt allows cars to have
  better traction on the road and prevents highways
  from cracks and dips. Yet another reason to use
  crumb rubber in asphalt is that it significantly
  reduces noise.

Sample
Source Goldstein Research
Global Tire Recycling Market Y-O-Y Growth, By
Crumb Rubber, 2016-2024
Source Goldstein Research
ELTs (End of Life Tire) Recovery Rate, 2012-2016
Source Goldstein Research
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Sample Report
North America Tire Recycling Market Size (USD
Million)-2016-2024
Sample
Source Goldstein Research
North America North America Tire Recycling Market
Size (USD Million), By End Users Mode-2016-2024
North America North America Tire Recycling
Market Size (USD Millions), By Country-2016-2024
Source Goldstein Research
Source Goldstein Research
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United States Tire Recycling Market Size (USD
Million), Compound Annual Growth Rate (), Y-O-Y
Growth Rate (), 2016-2024
Sample Report
Sample
Source Goldstein Research
Volume of Scrap Material Processed Annually in
the United States (metric tons)- 2016
Key Insights
Material Volume
Iron and Steel 65,000,000
Paper 52,196,000
Aluminium 4,930,000
Copper 1,750,000
Lead 1,115,000
Tires ( of Tires) 136,000,000
Plastics (Bottles) 623,000
Electronics 5,000,000
In 2016, XX million tires were processed by the
U.S. recycling industry. In the past, scrap tires
generated when an old, worn tire is replaced
with a new tire were often dumped illegally in
lakes, abandoned lots, along the side of the road
and in sensitive habitats. Today, scrap tires are
playing a much different role as an important
part of the manufacturing process. The tire
recycling industry supports more than 8,500
jobs. The future for tire recycling is strong.
Applications for scrap tire rubber such as
rubberized asphalt have become recognized for
their preferable properties and is gaining in
prominence and widespread use.
Source Goldstein Research
Scrap tire rubber is used in the manufacture of
new tires, playground surfaces, equestrian mats,
and rubberized asphalt among other products.
Other cutting-edge manufacturers are combining
scrap tires with materials such as scrap plastic
to produce flower pots, roofing tiles, and auto
parts. According to the U.S. Environmental
Protection Agency (EPA), 48 states currently have
laws or regulations which specifically deal with
scrap tires. Which is going to be the major
factor for the continuous growth of the tire
recycling industry
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Pyrolyx AG (Company Overview Business Strategy)
Sample Report
Founded 2009
Website www.pyrolyx.com
Employees 50-100
Headquarters Germany
Company Overview
Company Structure

• Pyrolyx AG businesses in the extraction of carbon
  black (rCB) from scrap tires. The company is
  engaged in developing and operating the processes
  to raw materials from waste tires, which produces
  products such as rCB, pyrolysis oil, steel, and
  gas. The produced rCB is used to manufacture
  mechanical rubber products, tires, masterbatch
  plastics and pigments. Pyrolyx AG has grown to
  become a global market leader in the recovered
  carbon black technology (rCB).
• The core products of Pyrolyx in the tire,
  plastics and engineering rubber industries are
  recovered carbon black (rCB), steel, gas and
  pyrolysis oil.
• In March 2015, the company acquired Carbon-Clean
  Tech Stegelitz GmbH, another leading rCB company
  in Germany.
• In December 2016, Pyrolyx entered into a joint
  venture with ReKlaim, Inc. based in USA.

Sample
Recent News Developments

• March 22, 2018 Pyrolyx AG concluded a USD 5.8
  million mezzanine financing agreement with US
  Arena Growth Holdings LLC which specializes in
  investments in sustainable technology and
  recycling companies.
• February 6, 2018 Pyrolyx AG on schedule
  completed the construction of new building in 5
  months in USA for production capacity of 13,000
  tonnes of Pyrolyx rCB from 4 million used tires
  per year, once the production commences.
• September 2017 The company opened its worlds
  largest rCB plant construction in Terre Haute,
  USA. Pyrolyx has became the first publicly traded
  company listed on the Australian ASX Stock
  Exchange.

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business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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