Global Tire Recycling Downstream Products Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.



Tire recycling downstream products market is experiencing the growth due to rising automobile industry around the globe. Manufactures use different material to recycle and transform it into completely new product. Recycling of tires, which is used in several applications e.g., municipal corporations of the various developed & developing countries use the waste bins made from recycled tires.

In the process of road construction a substance called as asphalt (rubber powder) is used widely, which is produces from the recycled tire. Asphalt is cost-effective, which supports the growth of tire recycling downstream products market. The cost of raw material required for the road construction are increasing that supplements the rise in demand for alternative substitutes, simultaneously demand for high-performance road construction materials is also increasing.

Major players in the industry are concentrated toward new innovations and technological advancements to achieve a sustainable future for the tire industry. Players operating in global tire recycling downstream products market are interested toward growth of the industry, by focusing on expansion plans, R&D, organic & in-organic growth strategies, long term association, strategic alliances, supply chain agreement and mergers & acquisition activities. Uses of recycled tire in various applications, new innovations from the major players and government’s interest helping to boost the global tire recycling downstream product market and will experience the growth at CAGR XX.XX% in the forecasted period.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Global Tire Recycling Downstream Products Market Regional Analysis:
In global tire recycling downstream products market, Asia Pacific region was the key contributor in the growth in 2018. Increase in road constructions & automobile sector is driving the tire recycling downstream products market in Asia Pacific region. In the total market of Asia Pacific, country wise major player is China who has accounted for around 41% share, while Japan held around 7% share.
Due to the growth of paper and cement industries, the North America region is anticipated to witness growth during the forecast period in the global tire recycling downstream products market. Latin America held the minimum share among all regions of the global tire recycling downstream products market.