Key Findings
The Asia-Pacific end-of-life tire (ELT) management market is anticipated to register a CAGR of 4.80% across the forecasting period of 2023 to 2032. Energy costs, as well as environmental protection legislations, play an essential role in spurring the increased demand for TDF production in the region, thus augmenting the Asia-Pacific end-of-life tire (ELT) management market growth. The region is also set to record the fastest manufacturing growth rate due to population increase and extensive industrial production.

Market Insights
The Asia-Pacific end-of-life tire (ELT) management market growth study includes the evaluation of India, South Korea, Indonesia, Thailand, Vietnam, China, Japan, Australia & New Zealand, and Rest of Asia-Pacific. Material recovery constitutes a sizeable portion of end-of-life tire recovery in India, accounting for 76%. Moreover, the generated material is mainly directed toward crumb rubber production. In 2016, the Government of India issued a draft of Waste Tyres Management Rules. The new regulations are set to create a framework for managing end-of-life tire practices in the country in a more rigorous, effective, organized, and environment-friendly manner.
In South Korea, end-of-life tires are primarily valorized for energy recovery and material recovery, equating to 50.1% and 37.9%, respectively. The country’s primary ELT management organization, Korean Tire Manufacturers Association (KOTMA), is a non-profit organization representing South Korean tire and tube manufacturers’ interests. Its key roles include the collection, management, and treatment of end-of-life tires in Korea in an efficient as well as sustainable way. These factors, in turn, are set to propel the market growth of the region during the forecast period.

Competitive Insights
Major companies operating in the market are PCBL Limited, Denka Company Limited, Amandus Kahl GmbH & Co KG, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation caters to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments