A recent report published by Infinium Global Research on tire recycling downstream products market provides an in-depth analysis of segments and sub-segments in the global as well as regional tire recycling downstream products market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional tire recycling downstream products market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global tire recycling downstream products market. According to the report, the global tire recycling downstream products market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Tire recycling transforms end-of-life tires ad tubes into useful products required in several applications. The leading players are encouraging innovations to gain a sustainable future for the tire industry. Companies operating in global tire recycling downstream products market are focusing on strategic collaborations, mergers, and acquisitions that maximize their market share.
The rising automotive industry drives the growth of tire recycling downstream products market. The tire is recycled to produce waste bins which are increasingly used in municipal corporations in developed countries that contribute to the growth of tire recycling downstream products market. There is a surge in demand for high-performance road construction materials. Raw material costs are increasing that boosts the demand for alternative substitutes. Rubber powder maximizes the quality of asphalt which is cost-effective and it is utilized in several road projects that promote the growth of tire recycling downstream products market. On the flip side, increasing the issue of the disposal and huge volumes of worn-out tires is becoming a concern that hampers the growth of tire recycling downstream products market. Moreover, technological innovations stimulate the pipeline process of scrap tires to useful products creates numerous opportunities for the growth of global tire recycling downstream products market.
Based on geography, the global tire recycling downstream products market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is expected to dominate the global tire recycling downstream products market. The increasing regulations for scrap tire landfilling in the Asia-Pacific region drive the growth of tire recycling downstream products market in Asia-Pacific. North America is anticipated to grow in the global tire recycling downstream products market with a significant CAGR over the forecast period. The rising paper and cement industry in North America promotes the growth of tire recycling downstream products market in North America. Europe is showing growth in the global tire recycling downstream products market.
The report on global tire recycling downstream products market covers segments such as recycling techniques, products, and end-use. On the basis of recycling technique, the sub-markets include pyrolysis, and shredding. On the basis of products, the sub-markets include tire-derived fuel, tire-derived aggregates, rubber mulch, rubber powder, and other products. On the basis of end-use, the sub-markets include cement manufacturing, pulp & paper mills, electric utility boilers, construction & infrastructure, sports complexes & playgrounds, tires & rubber, and other end-use.
The report provides profiles of the companies in the market such as Liberty Tire Recycling LLC, Lakin Tires West Inc., Ragn-Sells Group, Scandinavian Enviro Systems AB, ETR Group AB, Reliable Tire Disposal, PROBIO Energy International Limited, Renelux Cyprus Ltd., Emanuel Tire LLC, Lehigh Technologies, Inc., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of tire recycling downstream products market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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