The global tire recycling market is expected to reach 17.4 billion USD by 2031, becoming a pioneer in sustainable solutions.
The global tire recycling market is leading efforts to incorporate sustainable practices and breathe new life into discarded tires. According to recent market reports, the global tire recycling market achieved approximately \$12.9 billion in revenue in 2022, with estimates suggesting it will rise to about \$17.4 billion by 2031. This commendable growth trajectory is driven by stable annual compound revenue. The growth rate (CAGR) for the period from 2023 to 2031 is projected to be 3.4%. Tire recycling is an innovative process that transforms scrap tires and used tires, which can no longer be utilized, into various valuable products. These include tire-derived fuel, pyrolysis oil, and various rubber products, effectively reusing materials that would otherwise contribute to environmental waste. In addition to industrial-scale recycling, many small-scale entrepreneurs are creatively converting used tires into practical items such as planters for parks and drinking water containers for livestock. You can check the application method by clicking the [PDF Download] button or apply directly through the related links.
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Major Companies: Michelin Group S.A. Tire Disposal and Recycling Inc Contec S.A. Tyre Recycling Solutions SA reRubber LLC Bridgestone Corporation Entech Inc Wastefront AS Green Distillation Technologies Corporation Ltd Emanuel Tire LLC Continental AG Liberty Tire Services LLC Champlin Tire Recycling Inc Apollo Tyres Ltd Genan Holding A/S Re-Match Holding A/S
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