Scrap Tyres are reduced to small, homogeneous granules to make crumb rubber. Scrap tyres' inherent reinforcing components, such as steel and fibre, are removed, as are other inert impurities such as dust, glass, and rock. Crumb rubber is used in rubber flooring, removable speed bumps, and athletic surfaces such as playgrounds, sports courts, and athletic turfs.
Start a Business in Potential Countries for Doing Business, Click Here
Crumb rubber adds features to completed items that increase their properties. It also assists in cost reduction by replacing more expensive virgin chemicals. In addition, each tonne of recycled tyres saves 10 tonnes of carbon dioxide (CO2), a major greenhouse gas.
Related Projects:- Rubber and Rubber Products
Business Ideas with Low, Medium & High Investment, Click Here
According to NIIR PROJECT CONSULTANCY SERVICES (NPCS) waste tyre recycling technology is very cost effective and performs 100% wastage tyre recycling.
Start a Business in Middle East, Click Here
Key Drivers:
During the projection period, the floor mats application segment is predicted to grow at a quick rate. Every year, floor mats utilise between 50 and 100 million tonnes of crumb rubber. Due to the lack of polishing, sport and playground surfaces are expected to use more crumb rubber. Every year, more than 100 million pounds of crumb rubber are used on sports and playground surfaces.
Related Books:- Rubber Processing And Compounding Technology Books, Rubber Processing Chemicals And Leather Processing Technology Books
Asia Pacific Expected to Hold Large Share:
Asia Pacific is the most popular region in terms of demand, followed by North America and Europe. Over the last few years, Asia Pacific has emerged as the automotive industry's epicentre. The vehicle sector is being driven by rising demand in emerging countries such as India, which is strengthening the crumb rubber market. In India's car industry, strong government assistance and ad hoc tax incentives have resulted in steady double-digit sales growth. In nations like Thailand, Malaysia, and Indonesia, rising demand for small, fuel-efficient passenger vehicles is expected to move the automobile sector forward. As a result, the crumb rubber market in Asia Pacific is expected to grow.
Related Vidoes:- Rubber and Rubber Products, Rubber based Industries, Natural Rubber, Synthetic Rubber, Rubber Chemicals, Extruded Rubber, Adhesives & Sealants
Start a Business in Rubber Manufacturing Industry, Click Here
Global Arcade Analysis:
Increased investments in the automotive sector, particularly in the Middle East and Africa, are likely to be a major driver of the region's crumb rubber market. Morocco, Egypt, and Iran are the top automobile manufacturers in the Middle East and Africa, with Iran, Saudi Arabia, Egypt, and the United Arab Emirates serving as important sales markets. As a result, the crumb rubber industry is benefiting from the region's growing automotive sector. The United States has one of the world's largest automobile industries. In 2018, the country's light vehicle sales totalled 17.2 million units. As a result, demand for crumb rubber in the United States is projected to be driven by growth in the vehicle industry. Over 1.6 billion new tyres are produced each year, with approximately 1 billion discarded tyres.
Start a Business in Africa, Click Here
Recycling Industry:
Leading tyre recyclers, are investing heavily in cutting-edge technology and equipment that will aid in the recycling of tyres for diverse uses while also protecting the environment. Furthermore, in the tyre recycling sector, tax variations on the sale of new tyres or the disposal of old tyres play a vital role.
Start a Business in Asia, Click Here
In the United States, about 1-2 percent of new tyre purchases are taxed, with tax payments ranging from USD 0.50 to USD 1.00 per tyre, and taxes on tyre disposal range from USD 0.25 to USD 1.00 per tyre. Lakin Tire, Emanuel Tire Family of Companies, Tire Disposal & Recycling, Maxan Corporation Pvt Ltd, Tracc Tire Recycling and Intowaste Limited are some of the major competitors in the crumb rubber market.
Best Industry for Doing Business, Click Here
Start a Business in India, Click Here
Conclusion:
NPCS is a well-known technical consultancy providing focused services and we have been following stringent system and procedure to ensure only top quality strictly in conformity with delivering the needs of our clients in this rapidly growing & changing market. Contact us for more details.
DD_Art2021
#DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #NPCS #industrialproject #entrepreneurindia #startupbusiness #BusinessIdeas #StartupBusinessIdeas #crumbrubber #RubberBusiness #RubberIndustry
