Industry Analysis & Industry Trends
The industry has experienced moderate volatility over the past five years. While this industry is not directly involved with trade, export activity negatively impacts industry revenue. When scrap and used tires are exported abroad, industry operators lose out on business and are unable to collect the fees that contribute to revenue. As a result, increased export activity in 2011 and 2012 hurt industry revenue. However, the industry turned a corner in 2013, as growing concern over public health and the environment has spurred more widespread and strict regulations regarding waste tire and rubber disposal, which have provided increased direct and indirect funding for the industry.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Tire and Rubber Recycling industry is in the growth stage of its life cycle. Industry value added (IVA), a measure of an industry's contribution to the overall economy, is expected to grow at an annualized rate of 3.0% over the 10 years to 2021. Comparatively, US GDP is expected to grow at an annualized rate of 2.2% over the same period. IVA growth higher than GDP growth tends to indicate an industry in the growth state of its life cycle.
Over the past few decades, the number of scrap tires generated annually at a national level has increased in line with growth in motor vehicle usage. Scrap tire piles pose substantial environmental and public health risks, as they serve as ideal mosquito breeding grounds and can release large quantities of toxic fumes if set on fire... purchase to read more