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Tire & Rubber Recycling - Industry Market Research Report

  • May 2016
  • 34 pages
  • Ibisworld
Report ID: 2573407

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Keep on rolling: While government subsidies may contract, environmental concerns will still bolster revenue



Abstract

Tire & Rubber Recycling

The industry has experienced moderate volatility over the past five years. While this industry is not directly involved with trade, export activity negatively impacts industry revenue. When scrap and used tires are exported abroad, industry operators lose out on business and are unable to collect the fees that contribute to revenue. As a result, increased export activity in 2011 and 2012 hurt industry revenue. However, the industry turned a corner in 2013, as growing concern over public health and the environment has spurred more widespread and strict regulations regarding waste tire and rubber disposal, which have provided increased direct and indirect funding for the industry. As industrial production, the construction sector and government infrastructure investment increase over the five years to 2021, demand for the industry's recycled rubber products is expected to grow strongly. Industry revenue is expected to grow over the five years to 2021.

This industry operates facilities for separating, sorting and recycling used tires, rubber and rubber scrap. Due to the potentially harmful environmental impacts of improper tire and rubber disposal, states often directly or indirectly sponsor programs for the recycling of these materials.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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ref:plp2016

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