Industry Analysis & Industry Trends
Over the past five years, the industry has grown strongly 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. Additionally, the industry has benefitted from the economic growth over the past five years, which has resulted in increased demand for industry products for manufacturing, construction and energy purposes. As a result, industry revenue is forecast to grow over the five years to 2014. As industrial production, the construction sector and government infrastructure investment increase over the five years to 2019, demand for the industry's recycled rubber products is expected to grow strongly.... 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 4.3% over the ten years to 2019. Comparatively, US GDP is expected to grow at an annualized rate of 2.5% 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