# Tire Recycling Downstream Products Market to Witness an Outstanding Growth by 2021-2031
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-11-15
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: U.S. Tire Recycling Downstream Products Market: Key Insights
Meta Description: Discover key insights and forecasts on the growth of the tire recycling downstream products market in the U.S. due to the rise in demand across various end-use
URL: https://financedigest.com/tire-recycling-downstream-products-market-to-witness-an-outstanding-growth-by-2021-2031html

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**U.S. Tire Recycling Downstream Products Market: Introduction**

Transparency Market Research delivers key insights on the [tire recycling downstream products market](https://www.transparencymarketresearch.com/us-tire-recycling-downstream-products-market.html) in the U.S. In terms of revenue, the tire recycling downstream products market in the U.S. is estimated to expand at a CAGR of **2.5%** during the [forecast period](https://www.financedigest.com/gas-leak-detector-market-to-expand-at-a-healthy-cagr-of-more-than-5-over-the-forecast-period-of-2021-2031.html "Gas Leak Detector Market to expand at a healthy CAGR of more than 5% over the forecast period of 2021-2031"), owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the [tire recycling downstream products market](https://www.financedigest.com/the-bicycle-tire-market-to-witness-an-exhilarating-cagr-of-7-7-between-2021-and-2031.html "The Bicycle Tire Market to witness an exhilarating CAGR of 7.7% between 2021 and 2031") in the U.S.

The tire [recycling downstream products market](https://www.financedigest.com/corrugated-boxes-market-to-surpass-us-128-3-bn-as-recycled-boxes-demand-increases-by-4-7-fmi.html "Corrugated Boxes Market to Surpass US$ 128.3 Bn as Recycled Boxes Demand Increases by  4.7%: FMI") in the U.S. has been positively impacted by the [rise in the demand for tire recycling downstream products](https://www.financedigest.com/toyotas-nov-global-vehicle-production-rises-1-5-to-record-833104.html "Toyota’s Nov global vehicle production rises 1.5% to record 833,104") in cement manufacturing, pulp and paper mills, and sports complexes & playgrounds in the U.S. Thus, increase in the demand for tire recycling downstream products in various end-use [industries is propelling the tire recycling downstream products market](https://www.financedigest.com/aloe-vera-extracts-market-regional-industry-segmentation-analysis-by-production-consumption-revenue-and-growth-rate-by-2026.html "Aloe Vera Extracts Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2026") in the U.S. Furthermore, government bodies and environmental groups are promoting and advancing [sustainable and circular markets for scrap tire derived products](https://www.financedigest.com/5-ways-to-sustain-productivity-when-the-clocks-go-back.html "5 ways to sustain productivity when the clocks go back"). Recently, the U.S. has re-entered the Paris Agreement, which is expected to [focus on increasing the awareness about recycling of scrap tires and in turn](https://www.financedigest.com/entrepreneurs-worldwide-turn-their-focus-towards-doing-good.html "ENTREPRENEURS WORLDWIDE TURN THEIR FOCUS TOWARDS DOING GOOD") their recycling rates. These initiatives are likely to [boost the tire recycling downstream products](https://www.financedigest.com/4-tips-for-creating-a-calm-workspace-to-boost-productivity.html "4 tips for creating a calm workspace to boost productivity") market in the U.S. during the [forecast period](https://www.financedigest.com/forging-lubricants-market-is-estimated-to-expand-at-a-cagr-of-5-6-over-the-forecast-period-of-2021-2031.html "Forging Lubricants Market is estimated to expand at a CAGR of 5.6% over the forecast period of 2021-2031").

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**U.S. Tire Recycling Downstream Products Market: Dynamics**

The automotive industry in the U.S. has been expanding at a healthy [pace since](https://www.financedigest.com/sentiment-in-uk-finance-falls-at-fastest-pace-since-2019-survey.html "Sentiment in UK finance falls at fastest pace since 2019, survey") the past few years. The number of government, corporate, and personal vehicles has been increasing significantly due to large population, high purchasing power, and [disposable income](https://www.financedigest.com/four-fifths-of-uk-households-saw-disposable-income-fall-in-august-says-asda.html "Four fifths of UK households saw disposable income fall in August, says Asda") of the people in the country. Furthermore, abundant availability of raw [materials and skilled labor is boosting](https://www.financedigest.com/stellantis-aims-to-boost-recycled-material-content-in-vehicles.html "Stellantis aims to boost recycled material content in vehicles") the automobile production industry.

Macroeconomic development, effective and efficient vehicle manufacturing techniques, and rise in the number of middle-class [consumers are key factors driving vehicle sales](https://www.financedigest.com/germany-to-lower-sales-tax-on-gas-to-7-in-bid-to-relieve-consumers.html "Germany to lower sales tax on gas to 7% in bid to relieve consumers"). Additionally, increase in popularity of [electric vehicles](https://www.financedigest.com/bmw-invests-1-7-billion-to-build-electric-vehicles-in-u-s.html "BMW invests .7 billion to build electric vehicles in U.S") in the U.S. to overcome environmental [pollution is fueling the demand for newer electric vehicles](https://www.financedigest.com/eu-proposes-tighter-vehicle-pollution-emission-standards.html "EU proposes tighter vehicle pollution emission standards"). This is estimated to augment the volume of scrap tires in the country over the [next few years](https://www.financedigest.com/the-next-upcoming-years-to-see-a-marked-growth-of-buttermilk-powder-market.html "The Next Upcoming Years To See A Marked Growth Of Buttermilk Powder Market").

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**Rise in Construction & Infrastructure Activities to** [Drive U.S. Tire Recycling Downstream Products Market](https://www.financedigest.com/innovation-based-discernment-to-drive-the-soybean-by-products-market.html "Innovation-Based Discernment To Drive The Soybean By-products Market")

Investments in construction of commercial, residential, and industrial infrastructure has been rising in the U.S. since the past few years. Construction volumes in the U.S increased by **3%** y/y in **2018** and **2.1%** y/y in **2019**. Rise in construction spending in **2018** was driven by non-residential and residential sectors.

Around **25%** of scrap tires in the U.S. are used as fuel in cement kilns. Furthermore, road durability and quality have become major concern for the public sector. Rise in the demand for high-performance road construction materials to avoid cracks and holes has been increasing consistently. Raw material costs for asphalt and asphalt alteration have increased significantly, creating barriers in cost-effective road construction. This has increased the need for alternative substitutes in the U.S. In turn, this is [expected to drive the tire recycling downstream products](https://www.financedigest.com/oil-rises-on-saudi-oil-production-expectations.html "Oil rises on Saudi oil production expectations") market in the U.S.

Currently, rubber powder derived from scrap tires to maximize the quality of asphalt is an alternative cost-effective substitute for asphalt. The recycled material is blended into asphalt used in road construction to increase the quality of the mixture and extend the service life of roads.

Thus, increase in the demand for tire recycling downstream products in the construction sector is likely to [drive the tire recycling downstream products market](https://www.financedigest.com/discrete-digitization-to-drive-the-chromatographic-separation-resins-market.html "Discrete digitization to drive the Chromatographic Separation Resins Market") in the U.S. in the near future.

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**Low Awareness Regarding Scrap Tire-derived Products to Restrain U.S. Tire Recycling Downstream Products Market**

Scrap tire generation has been rising in the U.S. However, the recycling of scrap tires is declining, owing to low awareness and negative media reports related to [safety concerns](https://www.financedigest.com/paris-considers-electric-scooter-ban-over-safety-concerns.html "Paris considers electric scooter ban over safety concerns"). According to the U.S. Tire Manufacturers Association, the [scrap tire utilization rate](https://www.financedigest.com/uk-cabinet-was-not-informed-of-plans-to-scrap-top-rate-of-tax-truss-says.html "UK cabinet was not informed of plans to scrap top rate of tax, Truss says") dropped to **75.6%** in **2019** from **95.9%** in **2013**.

The misinformation about the use of scrap tire-derived products for various applications is often circulated among people. This is restraining the tire recycling downstream products market in the U.S. About **56** million scrap tires remain in stockpiles, mostly in Arizona, Colorado, Michigan, New Jersey, New Mexico, Texas, Virginia, and Washington. This can be ascribed to lack of awareness and dearth of active stockpile cleanup programs. In turn, this is anticipated to hamper the tire recycling downstream products market in the U.S.

**U.S. Tire Recycling Downstream Products Market: Key Players**

Major [players operating in the tire recycling downstream products market](https://www.financedigest.com/embroidery-machinery-market-key-players-and-production-information-analysis-with-forecast-2031.html "Embroidery Machinery Market: Key Players and Production Information Analysis with Forecast 2031") in the U.S. are LIBERTY TIRE RECYCLING, L & S Tire Company, Renelux Group, Emanuel Tire, LLC, Tire Disposal & Recycling, Globarket, Lehigh Technologies, Inc., GENAN Inc., Georgia Tire Recovery, and Bridgestone Americas, Inc.

**U.S. Tire Recycling Downstream Products Market: Segmentation**

**U.S. Tire Recycling Downstream Products Market, by Recycling Technique**

- Pyrolysis
- Shredding
  - Mechanical
  - Cryogenic
  - Others

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