Title: End-of-Life Tire (ELT) Management Market: Top Treatment Technologies
1End-of-Life Tire (ELT) Management Market Top
Treatment Technologies
A tire reaches the end-of-life stage when it can
no longer be utilized on vehicles after being
regrooved or re-treaded. All tires, including
passenger cars, trucks, airplanes, two-wheel, and
off- road tires, eventually become end-of-life
tires (ELTs). As per Inkwood Research, the global
end-of-life tire (ELT) management market is set
to progress with a CAGR of 4.87 between 2023 to
2032. Moreover, the market is expected to capture
a revenue share of 14795.57 million by 2032.
Environmental Impact of ELTs An Alarming Global
Concern Despite the recovery rate of scrap tires
estimated at 90 in Europe and the United States,
nearly 4 billion end-of-life tires (ELTs) are
currently in landfills as well as stockpiles
globally. Besides, this amount is set to increase
up to 5 billion by the year 2030. However, the
significant waste flow of end-of-life tires can
be detrimental to the environment as well as
human health since it leads to severe water, air,
and soil pollution problems. Furthermore, as per
the National Institutes of Health, this waste
flow is non-biodegradable and is categorized
under non-hazardous waste. Since tires do not
decompose, they release chemicals into the air,
ground, and water and subsequently alter the
ecosystem. Moreover, when tires pile up in
junkyards, methane gas is released into the air,
ultimately increasing the carbon footprint and
contributing to climate change. Significant
research and development initiatives have been
undertaken in the field of ELT management by tire
companies, ELT management enterprises, scientific
laboratories, government regulators, and
industrial partners to counter the ecological
impact of end-of-life tires. In addition to
finding effective and environmentally sound uses
for ELTs, they help establish new recovery
routes, comply with reporting obligations, and
promote the introduction of efficient product
standards.
2- A New Lease of Life Major End-of-Life Tire (ELT)
Treatment Technologies - End-of-life tires (ELTs) facilitate sustainable
development objectives by reducing natural
resource depletion and environmental costs
associated with reserve exploitation. Aligning
with this, ELT treatment technologies and
services are rapidly witnessing robust growth
while gaining crucial market shares globally. - And on that note, here are the top end-of-life
tire (ELT) treatment technologies along with
their market projections - Rubber Remediation The market for ELT
management by treatment technologies such as
rubber remediation has rapidly evolved over the
last decade. This is mainly ascribed to stringent
regulations for environmental protection and the
efforts established by companies to grant
incentives to end markets for the usage of scrap
tire-derived products. - Market Position According to Inkwood Research,
the rubber remediation segment, under the
treatment technology category, is set to capture
the highest market share of 72.03 by 2032. - Moreover, government regulations are being
enacted for the redressal of environmental
concerns linked to illicitly disposed of or
stockpiled tires. Besides, they are regarded as a
common tire disposal method in several emerging
and developed countries. - For example, in India, the Union environment
ministrys new draft notification (2021) proposed
to regulate the disposal of waste tires in India
by enforcing the extended producer responsibility
(EPR). As per the notification, manufacturers and
importers of tires, including waste tires, must
ensure that their products are recycled in line
with the Indian governments standards. - Scrap Tire Treatment Scrap tires, owing to
their size, shape, and associated environmental
hazards, present both difficult and expensive
challenges for entities responsible for
overseeing their management. - In this regard, some of the major problems
associated with scrap tires include fire hazards
when improperly stockpiled, emission of dangerous
oils as well as soot into air and water bodies
when illegally burnt, and breeding grounds for
snakes, ticks, rats, and various other vectors.
These factors, in turn, play an essential role in
facilitating the need for scrap tire treatment
and recycling. - Market Position Scrap tire treatment is expected
to be the fastest-growing treatment technology,
growing with a CAGR of 5.26 by 2032, as per
Inkwood Researchs analysis. - Inkwood Research has further classified the
treatment technology category into the following
sub-segments - While major investment projects for scrap tire
treatment and rubber recycling technologies
operate under private ownership, most are
classified under the mechanical, thermal, and
cryogenic technology treatment categories - o Mechanical Technology Mechanical treatment
technologies constitute a crucial sector of the
scrap tire management sector. This treatment
technology is expected
3- to witness notable growth in the overall scrap
tire economy, given the increasing volume of
scrap tires produced globally, as well as
stringent environmental legislation adopted by
nations to avoid their direct disposal in
landfills. - Furthermore, scrap tire mechanical treatment
processes, as well as services, are projected to
generate strong opportunities for several
developing countries mainly due to the low cost
of operation and the simplicity of processes.
Accordingly, Inkwood Research estimates that the
mechanical technology segment under the scrap
tire treatment category is set to grow with the
highest CAGR of 5.42 during the forecast period
of 2023 to 2032. - Thermal Technology Thermal technologies are
characterized as a group of commonly used
processes for scrap tire processing. They are
aimed at decomposing scrap tires either in the
absence or the lack of oxygen. As per Inkwood
Research, the thermal technology segment, under
the scrap tire treatment segment, is expected to
progress with a CAGR of 4.88 during the forecast
period. - The pyrolysis process, in this regard, is one of
the most commonly-used thermal destruction
technologies by ELT management companies for
scrap tire management. For instance, Scandinavian
Enviro Systems AB (Sweden), through its patented
pyrolysis technology, recovers steel, carbon
black, oil, and gas from waste tires. - Cryogenic Technology Compared to mechanical and
thermal processing, the cryogenic method is more
precise as well as predictable and also produces
the finest product. Several leading players are
also leveraging this technology for the efficient
treatment of ELTs. For example, Lehigh
Technologies Inc (United States) manufactures its
products using end-of-life tire materials and
post-industrial rubber through the companys
proprietary cryogenic turbo mill technology. - The decrease in land availability for landfills,
the need to reduce worker exposure and potential
liability, and increased awareness of
environmental safety have scaled scrap tire
management technologies to new heights. And
taking energy production and new material
applications into account, these aspects are set
to play a pivotal role in augmenting the global
end-of-life (ELT) management market during the
forecast years. - Frequently Asked Questions (FAQs)
- How do waste tires impact human health?
- A Waste tires take up valuable space in
landfills, thus creating breeding grounds for - mosquitoes. This exposes communities to health
risks, such as West Nile Virus, Encephalitis, and
Zika Virus. - What do thermal technologies for scrap tire
treatments primarily entail? - A Thermal technologies for scrap tire treatments
mainly include the pyrolysis process,
thermochemical process, and thermal
devulcanization.
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