Published on : Oct 11, 2019
Albany, New York, October 11, 2019: Rubber recycling technique transforms exhausted tubes and tires into useful products such as crumbed rubber concrete which is widely used in construction industry. Use of concrete in crumbed rubber concrete makes it environment friendly as the material properties stay intact and can be used as active ingredient in constructing infrastructures, roads and residential buildings.
Rubber powder adds to asphalt quality
Inferior quality roads have surged the demand for superior quality road construction materials, thereby inflating price of raw materials that include asphalt and its alteration. Price hike has paved way for tire recycling downstream products as substitutes. Rubber powder made from scrap adds to the asphalt quality and acts as cost effective substitute. Asphalt blended with recycles materials is actively used in road construction to enhance the mixture quality and provide longevity to roads. Tire recycling downstream products are constantly demanded in construction sector, thereby boosting the tire recycling downstream products market.
In 2018, global tire recycling downstream products market was valued around US$4Bn and is expected to expand at ?3% CAGR during the forecast period. Shredding recycling technique owned a large share of global tire recycling downstream products market in 2018. Cement manufacturing segment held a significant share in the recycling downstream products market in 2018. An intelligence report titled, “Tire recycling Downstream Products Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027,” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.
Asia Pacific owns major market share
Scrap tire landfilling regulations have boosted the recycling downstream products market in Asia Pacific producing 11,010 million tons tires in 2017. China holds 40% market shares followed by japan that holds 6% share in market. Cement industry and paper industries have witnessed tremendous growth in North America and have empowered its tire recycling downstream products market.
Large number of players constitute the competition landscape in tire recycling downstream products market. GENAN HOLDING A/S owns six tire recycling plants and has acquired NORS subsidiary Biosafe. Clean energy Finance Corporation facilitated establishment of innovative plant that produces alternative fuels in New South Wales by lending US$30Mn to ResourceCo. Other major stake holders in tire recycling downstream products market include Liberty Tire Recycling, Ragn-sells Group, Scandinavian Enviro Systems AB and Probio Energy international.
Global recycling downstream products market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global recycling downstream products market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global recycling downstream products market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on global recycling downstream products market.
An insightful and deep-dive assessment of the competitive assessment of the Global recycling downstream products market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global recycling downstream products market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global recycling downstream products market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global recycling downstream products market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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