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Research Reports


Tire Recycling Downstream Products Market: Key Highlights

  • The global tire recycling downstream products market was valued at ~US$ 4 Bn in 2018, and is anticipated to expand at a CAGR of ~3% during the forecast period.
  • In terms of recycling technique, the shredding segment accounted for a major share of the global tire recycling downstream products market in 2018.
  • Based on product, the rubber powder segment held a significant share of the global tire recycling downstream products market in 2018.
  • In terms of end use, the cement manufacturing segment constituted a key share of the global tire recycling downstream products market in 2018. Currently, cement manufacturing companies use tire-derived fuel to supplement their primary fuel for firing cement kilns. The heating value of an average-sized passenger tire is approximately 13,000 to 15,000 British Thermal Units (BTUs) per pound, which is the same as that of coal. The primary aim of using tire fuel is to save on fuel costs.
  • Asia Pacific is estimated to offer lucrative opportunities for the tire recycling downstream products market in the next few years, owing to large-scale scrap tire production in China, Japan, and India.

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Key Drivers of Tire Recycling Downstream Products Market

  • The poor quality of roads has become a major concern for the public sector. The demand for high-performance road construction materials has been increasing consistently. The cost of raw materials for asphalt and asphalt alteration has increased significantly, creating barriers for cost-effective road construction. This has boosted the need for alternative substitutes.
  • Currently, rubber powder derived from scrap tires to maximize the quality of asphalt is an alternative cost-effective substitute for asphalt. The recycled material is blended into asphalt used in road construction to increase the quality of the mixture and extend the service life of the road.
  • Asphalt mixture containing rubber has been used in several road projects in the U.S. and Europe. Rise in the demand for tire recycling downstream products in the construction sector is likely to drive the tire recycling downstream products market.

Asia Pacific a Prominent Region of Tire Recycling Downstream Products Market

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Global Tire Recycling Downstream Products Market: Key Developments

Tire Recycling Downstream Products Market: Competition Landscape


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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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