The global market for scrap tires management and rubber remediation applications will grow from $7.6 billion in 2017 to nearly $9.5 billion by 2022, with a compound annual growth rate (CAGR) of 4.5% for the period of 2017-2022.
Albany, NY -- (SBWIRE) -- 07/13/2018 -- Growing awareness about adequate waste disposal measures for consumer products such as tires has witnessed considerable surge. Additionally, adoption of recycled tires as raw materials in various industries such as civil engineering promises growth in tire and rubber remediation and recycling industry. To analyze the impact of recent developments on the growth of the industry, Market Research Hub (MRH) adds a new report titled, 'Global Market for Tire and Rubber Remediation and Recycling Industry' to its repository.
Government Initiatives Emerges as Major Driver in Tire and Rubber Remediation and Recycling Industry
Manufacturers in tire industry are harnessing effective measures to offer apt scrap management solutions that sync with transitioning end-user expectations for eco-friendly ventures. Further, government protocols for non-hazardous manufacturing process as well as management of fast multiplying waste has prompted manufacturers to divert investments for scrap management. Additionally, growing adoption of scrap tires and rubber derivatives by several end-user industries such as civil engineering firms have further triggered growth in tire and rubber remediation and recycling industry.
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Ina recent development, leading manufacturer Accella has lately added new technological solution for recycling. This product, under the brand name, TryFil offers unique flatproofing that poses no environmental threats owing to its closed-loop engineering system. Such portfolio upgradation by industry veteran, Accella is expected to reduce landfill disposals by limiting tire fill, besides securing the company's lead in tire and rubber remediation and recycling industry.
Applications in Ground Rubber Projected Maximum Growth
Exhaustive research outputs collated in the report allow readers to identify various segments prevailing in tire and rubber remediation and recycling industry. This section of the report identifies technologies and applications, as core segments prevalent in tire and rubber remediation and recycling industry. Based on technologies, tire and rubber remediation and recycling industry is segregated as mechanical treatment technologies, cryogenic treatment technologies, and thermal treatment. On the basis of applications, tire and rubber remediation and recycling industry is diversified as tire-derived fuel, ground rubber, and civil engineering applications. Detailed summary of insights present in the report allow readers to identify the segment attributed as the largest contributor towards revenue generation, besides allowing readers to comprehend the impact of these segments on holistic growth of tire and rubber remediation and recycling industry.
Alongside, the report also enumerates geographical presence of tire and rubber remediation and recycling industry in terms of regions. Based on region, tire and rubber remediation and recycling industry is fragmented as Europe, North America, South America, Asia-Pacific, and Middle-East and Africa. Based on research findings, readers can gauge the impact of business tactics and tools employed by core companies in various regions of tire and rubber remediation and recycling industry besides aiding readers in analyzing the impact of these strategies in fueling end-user response and growth in tire and rubber remediation and recycling industry.
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Key Players in Tire and Rubber Remediation and Recycling Industry
Thorough research postulates compiled in the report enable readers to understand the impact of business strategies in influencing purchase decisions of end-users. New and existing market players in tire and rubber remediation and recycling industry can implement detailed analysis of these strategies to decipher insightful data. With the aid of these data, market players can demonstrate accurate business plans and investment decisions that leverage growth in tire and rubber remediation and recycling industry. Key players identified in tire and rubber remediation and recycling industry include, Accella Performance Materilas Inc., BDS Waste Disposal, Conica Ag, DME Tires Ltd, and Eco Green Equipment, amongst others.
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