Tire Recycling Downstream Products Market Expected To Surpass USD 6014.3 Million By 2028, With A 3.53% CAGR
Tire Recycling Downstream Products Market was valued at USD 4717.6 million in 2021 and is expected to reach USD 6014.3 million by the year 2028, at a CAGR of 3.53%.
The tire recycling market has grown largely in the past two decades as about 110 million tires get discarded each year creating a large stockpile of rubber that can be recycled and utilized in various applications. The majority of recycled rubber is procured from the reuse of rubber tires, which is a significant way to reduce discarded tires and benefit the environment. The tire recycling process involves the removal of fibers and metal wires generally hard steel which provides stiffness to the tire and later on clean rubber is shredded into crumb rubber
Company Profiles of Leading Players:
Liberty Tire Recycling,Genan Holding A/S,Lakin Tires West Inc,Regn-Sells Group,L & S Tire Company,Scandinavian Enviro Systems AB,ETR Group,ResourceCo Pty Ltd,Probio Energy International,Renelux Cyprus Ltd,Emanuel Tire LLC,Reliable Tire Disposal,Globarket Tire Recycling LLC,Tire Disposal & Recycling Inc,West Coast Rubber Recycling Inc,Lehigh Technologies Inc. and other major players.
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