YOUR POSITION : Home > News > Scrap Tire Recycling Markets to Reach $9.5 Billion by 2022
COMPANY PROFILE COMPANY NEWS FAQ COMPANY CASE OUR SERVICES 
NEWS

Scrap Tire Recycling Markets to Reach $9.5 Billion by 2022

Times:2018-07-31   Author:zhengyangtire

Nebraska Department of Environmental Quality Director Jim Macy announced on June 19, 2018 that the state is awarding $1.59 million to support 106 tire recycling and cleanup projects across the state.

July 10, 2018 — Stricter government regulations for environmental protection is contributing to a global rise in scrap tire recycling initiatives. According to the BCC Research report Global Market for the Tire and Rubber Remediation and Recycling Industry, this market is anticipated to grow from $7.6 billion in 2017 to nearly $9.5 billion by 2022 at a compound annual growth rate (CAGR) of 4.5%.

According to the report, scrap tire recycling as tire rubber granulate and powder in various applications is expected to be the main recovery route in most of the developed and developing markets. Applications for scrap tire rubber such as rubberized asphalt and molded and extruded products have become recognized for their preferable properties. The future for tire recycling is strong.

Get in Touch

Thank you for your interest in suny group. If you want to learn more about our machines, Contact us now to find out what we can do for you next project!E-mail:sunymachine@gmail.com