GCC Tire Recycling Market Size, Share, Growth Analysis, By Type(Automobile Tires, Rubber Products), By Application(Cement Manufacturing, Tire-derived Products)

Description

GCC Tire Recycling Market size was valued at USD 5.3 billion in 2021 and is poised to grow from USD 5.67 billion in 2022 to USD 9.73 billion by 2030, growing at a CAGR of 6.98% in the forecast period (2023-2030).

Tire recycling is the process of reusing used or scrap tires that might otherwise end up in landfills. The tire recycling industry transforms these tires into a variety of useful products, contributing to environmental sustainability. Examples of these products include new rubber-modified asphalt used for roads and pavements, crumb rubber for athletic tracks and playgrounds, and tire-derived aggregate used to construct walkways, patios, and curbs.

By engaging in tire recycling, the industry helps reduce the demand for natural resources, which require substantial energy for extraction. This sustainable practice allows damaged and unusable tires to be effectively and environmentally responsibly disposed of, contributing to a cleaner and healthier environment.

Top-down and bottom-up approaches were used to estimate and validate the size of the GCC Tire Recycling Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data

GCC Tire Recycling Market Segmental Analysis

GCC Tire Recycling Market is segmented into type and application. By type it is segmented into Automobile Tires, Rubber Products, and Others. On the basis of application GCC Tire Recycling Market is segmented into The market is segmented into Cement Manufacturing, Tire-derived Products, Tire Pyrolysis, and Repurposing. On the basis of region, GCC Tire Recycling Market is segmented Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain

Driver

The tire recycling market is experiencing significant growth due to the increasing production of automobiles, leading to a higher volume of discarded tires. Since tires are not biodegradable and pose environmental risks when disposed of in landfills, recycling has emerged as a viable solution to manage scrap tires effectively. This sustainable approach to tire disposal has been instrumental in driving the expansion of the industry.

Restraints

The global tire recycling market faces several challenges, particularly in the initial stages, due to constraints in manufacturing activity.

Market Trends

The global tire recycling market is experiencing significant growth, primarily driven by government and environmental group initiatives aimed at reducing air pollution. With increasing concerns about CO2 emissions and the depletion of finite natural resources, recycled materials are gaining popularity as a sustainable solution to address these challenges. These factors are propelling the adoption of innovative approaches to tackle environmental issues, contributing to the expansion of the tire recycling market.

Product Code: SQMIG20L2015

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

GCC Tire Recycling Market by Type

Market Overview
Automobile Tires
Rubber Products
and Others

GCC Tire Recycling Market by Application

Market Overview
Cement Manufacturing
Tire-derived Products
Tire Pyrolysis
and Repurposing

GCC Tire Recycling Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Sharjah National Crumb Rubber Industries
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Emirates Rubber Products Factory
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Oman Environmental Services Holding Company (be'ah)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Gulf Rubber Industries LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Aboura Metals FZCO
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Al Dhafra Recycling Industries
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Al Ramaqiah Pipes Trading LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Al Serh Al Kabeer Construction Chemicals
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Atlas Industrial Equipment Company (ATLASCO)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Emirates Environmental Technology Company LLC (EETC)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Envirotainer Middle East LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Green Energy for Waste Management LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Gulf Green Tech LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
MRM Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Oman Oil Refineries and Petroleum Industries Company (Orpic)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Quality Tyres
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Recycle Emirates
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Royal Green Recycling
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Tadweer - The Center of Waste Management - Abu Dhabi
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Universal Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

GCC Tire Recycling Market Size, Share, Growth Analysis, By Type(Automobile Tires, Rubber Products), By Application(Cement Manufacturing, Tire-derived Products) - Industry Forecast 2023-2030