Green Opportunity
Waste Tyres Are Increasing
Growth in Europe’s waste tyres primarily driven by favourable consumer trends
- Increased replacement frequency due to more stringent safety regulation
- Requirement to replace both tyres on an axel at once
- Increasing summer/winter tyre switching
- Increase in rate of tyre wear
Softer, grippier tyres wear down faster
EVs are heavier, wearing down tyres more rapidly
Other Uses And Routes For Disposal Of Waste Tyres Are Decreasing With A Growing Need For Circular Solutions
Decreasing use in sports playing surfaces
- Less use due to potential harmful chemical content
- Also banned as crumb rubber infill due to microplastic regulation
Landfill in Europe no longer an option
- In Europe landfill for tyres was banned in 2006
Export of tyres increasingly challenging
- Strict requirements for export of tyres
- Increasing number of arrests for illegal export of unusable used tyres
Increased requirement for circular solutions
- EU Circular Economy Action Plan Introduces legislative and non legislative measures to promote circular economy processes
Energy (Incineration)
Incineration is the second least preferred solution for waste management, after landfill
Repurpose
- Tyres sent to granulation, used in construction, artificial turf etc.
- Uses are diminishing due to health concerns
Sources: IHS, Lucintel, Grand View Research, Smithers, Trace Capital Advisors, ABN Amro.